"Let me be very clear," he said to a crowd of several hundred jammed into the lobby of the Sacramento City Hall, many wearing Kings jerseys and carrying banners and signs. "We are going to do everything that we can to create an environment where we can keep what's ours, our team, here in Sacramento."
Johnson hopes to do that by putting together a group to make a counteroffer to the reported $341 million (to purchase 65 percent of a team valued at $525 million) the Seattle group led by Chris Hansen has agreed to pay.
At the news conference, Johnson announced that 19 local investors had pledged to contribute at least $1 million to become part of an ownership group the city hopes to assemble. A 20th was said to have emerged later in the day.Thought of calling Phil Mickelson? Maybe it would be easier to find deep pockets to invest in NBA franchises if California wasn't imposing a 13% state income tax on them.