Mayor Kevin Johnson is coordinating a meeting between local corporations and NBA representatives on Tuesday during which companies will agree to make deposits on their sponsorship and ticket commitments to the Sacramento Kings.

With the deposits, officials are seeking to solidify $10 million in corporate pledges gathered by the mayor and the local business community.

Details of the meeting are still being worked out, but it is expected to be held Tuesday morning and be followed by a press conference. At least 30 business representatives are expected to attend the meeting.