Just got this from the Maloofs, enjoy (03.19.2010).

IRVINE, Calif. -- The Maloof Money Cup skateboarding competition is expanding to New York City this year.

Joe and Gavin Maloof, who own the NBA's Sacramento Kings, said Tuesday they will hold Maloof Money Cup New York on June 5-6 at Flushing Meadows Park in Queens, featuring a street skateboarding competition. The winner will earn $100,000.

The Maloofs have agreed to donate the $1.8 million, world-class skate park they will build for the competition to the city of New York through the City Parks and Recreation Department's "Adopt-A-Park" program. Joe Maloof said the cost of the skate park will be defrayed by contributions from sponsors Vans and Monster Energy.

The Maloof Money Cup will return to Southern California for the third straight year, featuring street and vert competition, from Aug. 4-8 at the Orange County Fairgrounds in Costa Mesa.

"I always felt the most important thing was to start in California, where it was born," Joe Maloof said. "We'll always stay in Orange County and the L.A. area. That will always be No. 1. However, we needed to get an East Coast presence. It's a privilege to get into New York. It's not easy to have an event in New York."

The New York competition will include a wild-card contest to give local skaters the opportunity to compete against the top pros in the industry. Pro skaters Chris Cole and Geoff Rowley, New York skating icon Steve Rodriguez and Joe Ciaglia of California Skateparks will lead the design of the street course. The New York prize purse is nearly $250,000.

The Maloof Money Cup Orange County will expand to five days.

Invited pros include defending champions Cole in the street competition and Alex Perelson in vert. The 18-year-old Perelson won last year's vert after becoming just the fourth person to land a 900 during a competition.

The Maloof Money Cup Orange County pays out nearly $500,000 in cash and prizes, with $100,000 going to the street winner and $75,000 to the vert winner.

Maloof said the competition will expand to South Africa in 2011.

"I think this thing has evolved from a small skateboarding camp to a major skateboarding event," Maloof said. "It's going to expand opportunities for skateboarding around the world."

Copyright 2010 by The Associated Press

WHOOOOOOOOAAAAAAAAAA!!!!!!!!!!!!!!!!!!

It was a rumor for like a few months thanks for the confirmation!!!! will it be indoors???? I HAVE TO SKATE THIS COURSE!!!!!!

Yea i figured, i'm sure it'll be a pad/helmet park the city won't let you skate a world class course without it...I'm probably gonna get tix to watch the comp then hit that course as early as possible....Finally we will have a legitimate skatepark in NYC

I doubt it will be a full pads park (for 16+), definitely helmets since it's over the NYC 3 foot rule on city skate parks. But it's too early to tell.

good, I'll be able to skate LES by myself... And eventually the new park at chelsea piers...

Yea i saw this on facebook and was gonna post thanks for beating me to it.....I'm curious to why there replicating NYC spots?!? Id rather they give us west coast spot replicas like Gonz Gap or something i can skate most of these spots on any given day, well atleast were gettin something..........

Personally my list included more spots that didn't exist anymore (harlem banks, little part of the brooklyn banks, etc). But with the little banks coming back within the next four years I guess it didn't make the cut, and I'm sure it'd be hard to incorporate it into the park design with the wall and runway.

With the way things are going in NYC, any spot can disappear at anytime or become a bust. So enjoy it while you can.

Yea i noticed that exchange gap to black hubba also lol, your idea of destroyed spots is way better than mines about cali in ny, the idea of the the little banks and the old banks wall would be so sick....WAIT the little banks are comin back?!? *mouth drools*