The Bee reports that City Manager John Shirey will ask for approval from City Council on Tuesday to begin formal negotiations on a new Downtown Arena with a large equity investment group.

Reports out of Seattle indicate that the lawsuit filed by the International Longshore and Warehouse Union could be ruled on today. The city, county and the Hansen group are seeking for the suit to be dismissed.

Richmond would be the first prominent Sacramento King elected to the Hall of Fame if he ends up being inducted.

David Stern made some interesting comments to reporters Thursday, including comments on Sacramento, Seattle, and expansion.

Sacramento mayor Kevin Johnson held a press conference today to update the status of Sacramento's bid to keep the Kings. While no whales were announced, KJ did unveil a plan to seek corporate sponsors to demonstrate Sacramento's support.

Dale Kasler of the Bee reports that the Maloofs have sent over records of their sale to Hansen-Ballmer to the Bankrupty Trustee overseeing the 7% of the team up for auction.

In a completely expected move, the Hansen-Ballmer group that has a pending sale agreement for the Sacramento Kings has officially filed for relocation to Seattle.

No Sacramento Kings were selected to the 2013 Rising Stars Challenge, more commonly known as the Rookie/Sophomore game, at All Star Weekend. Isaiah Thomas seems to be the biggest snub.

Ryan Lillis reports that the 24 Hour Fitness founder met with the 21 local investors who have pledged $1 million each to the Kings today in Sacramento.

USA Today's Sam Amick reports that prospective Kings equity partner Ron Burkle met Thursday with NBA Commissioner David Stern. Burkle has been widely reported to have interest in the Kings since 2011.