In news that should surprise nobody, Virginia Beach mayor Will Sessoms conceded a cross-country move for the Sacramento Kings is officially off the table, citing the fact that neither side was even close to committing any of the millions of dollars required to make the relocation happen (translation: the broke Maloof brothers wanted VA Beach to pay for everything):
The city doesn’t see a clear opportunity at this point and as such it’s not something we’re aggressively going after. The city is kind of withdrawing. We’re not doing any more consultants, lawyer or lobbying.
Sessoms was a little more blunt when asked for comment by the Sacramento Bee:
This just ain’t gonna work at this point in time.
As we have said for nearly a year, we have been contacted by several cities and parties interested in the Sacramento Kings organization. The announcement today from Virginia Beach does not change our long-held position that we will not comment on rumors or speculation about the franchise.