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Joe and Gavin Maloof, the owners of the Sacramento Kings and founders of the Maloof Money Cup unleashed some big news this week. The Maloof Money Cup is adding a New York stop this year at the world famous Flushing Meadows Park. Better than that, this time their going to leave the world-class skatepark for the skaters of NYC. The 1.8 million skatepark built for the event will be donated to the City’s Parks and Recreation Department through their "Adopt a Park" program, the Associated Press reported.
After the New York event, to be held June 5th and 6th, the Maloof Money Cup will return to Costa Mesa, Calif. for the third straight year from August 4-8th expanding that contest to a five day event. Both contests wil offer $100,000 for first place. The Maloofs also announced plans to expand their enterprise to bring the Maloof Money Cup to South Africa in 2011.
