Ok, I have been sort of wracking my head on this and just stopped for a moment - went back and watched the report again. I think I have a different thought about what this might be..
a) At no point in the story do they mention funding for a new arena. So lets assume for the moment that is not part of the plan just for sake of taking this at face value.
b) This is an alternative plan is to keep the Kings in Sacramento.
c) Funding source or money is in place.
d) The Maloofs are listening.
So in the absence of further facts and taking a total leap here that these words were carefully chosen, I think I can make some assumptions that would map back to these "facts".
1) This is not a plan to build a new arena. This is why the city council and ICON-Taylor are not in the loop.
2) So what the heck could keep the Maloofs in Sacramento if there isn't a new arena plan in place? And why would the Maloofs listen to something that doesn't directly involve a new arena?
It sort of hit me that this alternative plan was much more simple than thought. It's a plan to get the Maloofs to delay a move in exchange for quick meaningful help. Something that would draw their interest. So putting myself as the newest Maloof, JB Maloof, I would think hard on this scenario:
Given that I face some high moving costs like paying off the bonds, relocation fees and who knows what kind of litigation over territorial rights. I would hesitate to take that loan from Samueli. A guy well known in his intentions to own an NBA team and could be positioning me to grab my team if I can't repay back whatever bonds, loans, etc. There is lots of risk in this move. But staying in Sacramento means making a profit only if I keep the team salary at the league lowest. Then throw in the lockout and I'm making no money in either city. Moving right now is not ideal, but what other choice?
Enter the other choice... in order to buy extra time and allow for ICON-Taylor and the city to work out a deal, suppose an offer was made to the Maloofs to stay in Sac three years to allow for construction to start on a new arena. In exchange for this, a way was found to transfer the remaining bond/loan debt to another party. Don't ask me how exactly it could be transferred, but I'm a Maloof and I don't care how as long as I don't have to write checks. This would get my full attention. I get immediate relief in expense and some decent leverage in negotiations for the new arena terms. The loan gets paid off and lots of good will on all sides. If the city pisses away those three years under pressure, then nobody blames me for moving my team. Should I be worried about the Anaheim Hornets? I don't think so. The big fish out there to buy a franchise is Larry Ellison. He is totally locked in on San Jose. And despite all this, the only team David Stern really would like in Anaheim is the Clippers.