Kings President Chris Granger Announces Resignation

Chris Granger announced Monday he has stepped down as president of the Sacramento Kings.

The Sacramento Bee's Ailene Voisin shared a statement from Granger explaining his decision:

"I just feel it's time. I'm not leaving for another job. There is nothing imminent. But I want to do something else, to be challenged in a position working with multiple sports, maybe the Olympics, something with a bigger platform. With the arena, this job will be about selling corporate sponsorships, and I just think there's one more big move in me. Plus, my girls are entering middle school, so this seems like the right time."

Akis Yerocostas and Greg Wissinger of SBNation's Sactown Royalty offered their praise of Granger:

While the Kings have largely been a mess from a front office perspective, Granger ensured the franchise took care of business on the commercial end.

When he was hired in 2013, the Kings had recently committed to staying in Sacramento but remained in need of a new arena. In October 2014, the organization and city of Sacramento broke ground for Golden 1 Center, and the venue was completed two years later.

Vivek Ranadive's ownership group purchased a controlling stake in the Kings in June 2013, with the entire franchise valued at $534 million. Forbes estimated the Kings to be worth $1.075 billion in February.

Granger's work didn't get the Kings any closer to winning an NBA title, but he earns a lot of credit for ensuring their financial future is on stable footing. He'll leave big shoes to fill for his eventual replacement.