Word is Kevin Johnson, the Maloofs, and the NBA have worked out an arena deal. Before everyone freaks out and thinks that ends things (as is already taking place around the internet, of course), this was always going to happen> KJ didn't go down there to not come up with an agreement to present the Sacramento city council. Keep in mind this is no more a done deal than the arena proposal in Seattle. As of now, it's just a proposed plan. The city council still has to review the deal and vote on it.
For all we know they might say no to selling the city's parking, which the entire deal centers around. Not to mention the other aspects of the agreement between KJ and the league. There is a long way still to go between now and the March 6 vote. It might work out and pass. But it's no sure thing.
It's rumored that the Maloofs are contributing up to $70 million in this plan. But it remains to be seen if that number includes the $50 million AEG contribution that Stern the other day said the league considered to be on the owners' behalf. Which flew in the face of what KJ and the city was thinking. They were expecting $70-90 mil from the Maloofs plus the $50 mil from AEG. So there's a lot of details to remain to be known. Did KJ, who is as invested in this thing as any mayor could ever be, have to make consessions to the league and Maloofs to make up some of that ground? Will the city council approve, if so? Like I said, we'll know a lot more come March 6. Not now.