News from the NBA BOG meeting - April 2012
- Thread starter Warhawk
- Start date
Mike and I were talking about this BOG meeting after the CC meeting on Tuesday. And we came to the following (probably obvious) conclusion.
The reason KJ isn't going to the meeting this year is because he doesn't have to.
The BOG slapped down the Maloofs hard last time and gave a set of criteria for the parties to meet this time. The relocation committee, headed by the snake that moved a team out of Seattle, said they should stay. KJ showed that MSE was NOT trying hard to increase sales or revenues. KJ had a buyer lined up in case they didn't want to keep owning the team, one that could spend big $$$ on the product.
The City and AEG stepped up with a financing plan negotiated by the NBA on behalf of MSE. Now MSE wants to renegotiate the terms after the City and AEG have agreed to them? Stern doesn't go for that I bet - he was there personally overseeing the negotiations, or at least much of them.
And the one thing that makes me even more positive about this whole thing is that KJ has been the one in the driver's seat the whole time. He has been the one with constant and open discusssions with Stern over the past year about the situation and progress. They are working together to get this done. Stern will not sucker-punch a city when everything so far has been positive about getting it done here. IMHO.
KJ has faith in Stern and the BOG that they will live up to their promises.
The reason KJ isn't going to the meeting this year is because he doesn't have to.
The BOG slapped down the Maloofs hard last time and gave a set of criteria for the parties to meet this time. The relocation committee, headed by the snake that moved a team out of Seattle, said they should stay. KJ showed that MSE was NOT trying hard to increase sales or revenues. KJ had a buyer lined up in case they didn't want to keep owning the team, one that could spend big $$$ on the product.
The City and AEG stepped up with a financing plan negotiated by the NBA on behalf of MSE. Now MSE wants to renegotiate the terms after the City and AEG have agreed to them? Stern doesn't go for that I bet - he was there personally overseeing the negotiations, or at least much of them.
And the one thing that makes me even more positive about this whole thing is that KJ has been the one in the driver's seat the whole time. He has been the one with constant and open discusssions with Stern over the past year about the situation and progress. They are working together to get this done. Stern will not sucker-punch a city when everything so far has been positive about getting it done here. IMHO.
KJ has faith in Stern and the BOG that they will live up to their promises.
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I still think that the absolute WORST outcome we see is the NBA covering all or part of MSE costs for the arena deal (predevelopment or the whole thing, whatever), and MSE has it tacked onto their loans they already have with the league. Maybe the league agrees to cover the predevelopment costs and if it goes to construction MSE reimburses them at a later time? I see some options like this as a possibility as well.
An interesting tidbit in the Bee:
Read more here: http://www.sacbee.com/2012/04/12/4408865/maloofs-to-explain-dissatisfaction.html#storylink=cpy
Read more here: http://www.sacbee.com/2012/04/12/4408865/maloofs-to-explain-dissatisfaction.html#storylink=cpy
Meaning he thinks the Maloofs are full of crap and shouldn't be owners. Just for the record, my source is my new boss who was with the Metro Chamber and was one of the 2 people who got the initial $13 million in local sponsorship, and met with Bennett about this. Clay Bennett never wanted the Kings to move, and knows the Maloofs were sabotaging arena efforts in an attempt to relocate to Anaheim. He knows the Maloofs are shady, and has been preaching.this to the other owners for the past year. I'm anxious as to what is going on in the meeting.
Not exactly news, but:
http://probasketballtalk.nbcsports....-sacramento-at-nba-board-of-governors-meeting
"...if the NBA wants to get another publicly subsidized arena without every city citing Sacramento as a cautionary tale, they’ll send the Maloofs out the side door once again, angry and dejected."
http://probasketballtalk.nbcsports....-sacramento-at-nba-board-of-governors-meeting
"...if the NBA wants to get another publicly subsidized arena without every city citing Sacramento as a cautionary tale, they’ll send the Maloofs out the side door once again, angry and dejected."
