Stern - still no Seattle-Kings deal - latest rumors, etc.
- Thread starter PurpleHaze
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I don't think the Sac group has to catch up as much as you think. KJ has been anticipating this move by the Maloofs for quite a while. All the parties involved know what needs to be done to present a valid counteroffer. Remember KJ going to the BOG with not just $10 million but ALSO Burkle in the back pocket? He knows just meeting the minimum isn't going to cut it. He will have an offer that more than matches the Maloof share and also have a signed agreement that if the local group keeps the team they will agree to the previously-agreed to deal with the City for a new arena.
Remember that AEG was also asked by Stern to "re-engage" and affirm that they are still in for the deal as well. Remember that Stern was torqued at how MSE turned down the deal he personally negotiated on their behalf (at their request!). Remember that KJ and Stern are in constant communication and from what I can gather, KJ feels someehat optimistic on our chances. So don't give up hope yet. MSE was shot down before and they (fingers crossed!) will suffer the same fate this time as well.
Remember that AEG was also asked by Stern to "re-engage" and affirm that they are still in for the deal as well. Remember that Stern was torqued at how MSE turned down the deal he personally negotiated on their behalf (at their request!). Remember that KJ and Stern are in constant communication and from what I can gather, KJ feels someehat optimistic on our chances. So don't give up hope yet. MSE was shot down before and they (fingers crossed!) will suffer the same fate this time as well.
No it doesn't as I read somewhere today that if the city puts together an ownership group that will keep the team in Sacramento, that will be the group that buys the Kings. The BOG, in other words, will vote to favor the group that keeps the team in Sacto. Now this time maybe the Maloofs will see what it is like to do all the work and have the rug jerked from under them at the last moment. They have made a lot of enemies in high places.
Giving the Maloofs $30 mil gauranteed sounds desperate to me. I take it as Hansen paying for the right to announce the deal before KJ can announce his whale. If Hansen was confident his deal would go through, why would rush to give the Maloofs money? Guess its all in how you look at it, but agreeing to a non refundable deposit seems unusual if youre negotiating from a position of strength.
All very good points. I'm really interested in seeing who is behind this group KJ has been assembling. That's the hardest part to me right now. It's hard to feel any comfort when you have the Hansen/Ballmer group against a list of names that would possibly be interested in the team. Just looking for some sort of substance.
This situation isn't for the faint of heart.. there are times when I just want to give up, but I believe there are forces in this world that makes what is supposed to be right right. We deserve our team, we have earned our team, Seattle doesn't need a 4th or whatever team at our expense. The 30 mil non-refundable is scary
He would never get approval to move to San Jose instead of Seattle. This is all about trying to find someone willing to seriously overpay to stay in sac and the bog being convinced the potential legal/pr/owner ramifications of overriding a sale are worth it. I'm seriously concerned that those are big, big ifs.
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