For the 1971–72 season, the Royals averaged only 3,357 fans. On March 14, 1972, Axelson announced that the team planned to move to
Kansas City, Missouri. The team would play between 21 and 26 of their 41 home games in Kansas City with the remainder to be played in either
Omaha, Nebraska, or
St. Louis, Missouri, due to a lack of available dates at
Municipal Auditorium. When the team moved to Kansas City, Axelson was promoted to team president. Following the King's first season in Kansas City, Axelson won the first
NBA Executive of the Year Award. On June 25, 1973, the Jacobs family sold the Kings for $5 million to Missouri Valley Pro Sports, Inc., a group of Kansas City businessmen headed by
Ray Evans and
H. Paul Rosenberg that also included Axelson. On October 16, 1973, Axelson received a three-year contract extension. In 1975, the NAIA chose Axelson to serve as its executive secretary, however he was unable to get out of his contract with the Kings and had to turn down the job.
Magic Johnson had strongly considered leaving Michigan State after the 1977–78 season to join the NBA, but after meeting with Axelson he changed his mind, because the Kings were in line to have a high draft pick and Magic was completely unimpressed by Axelson and considered the notion of being chosen by him in the 1978 draft a non-starter. On July 11, 1979, Axelson announced that he would become the NBA's vice president for operations. He remained with the Kings into the start of the 1979–80 season to assist the club with its move from
Kemper Arena to Municipal Auditorium following the collapse of Kemper Arena's roof. On April 30, 1982, The Kansas City Kings announced that Axelson would return as president and general manager on a five-year contract. On June 17, the Kings were sold to New York City businessmen Irwin Feiner, Al Steinberg, and
B. Gerald Cantor. The team was sold again on June 9, 1983, to a group of
Sacramento businessmen. On October 31, 1984, Axelson announced that the Kings would not renew a five-year option on their lease of Kemper Arena due to a dispute with Kansas City over some of the lease provisions. Although the city officials made efforts to improve the lease, the Kings announced on January 21, 1985, that the team had asked the NBA for permission to relocate to Sacramento, citing revenue and attendance problems. The Kings final game in Kansas City was on April 14, 1985. During the game, Kings fans targeted their anger at Axelson. Hundreds of spectators wore masks resembling him, other fans attacked a dummy made to look like him, and another fan had a sign that said “Kill Axelson”. ==Sacramento Kings==