Deal announced - latest rumors, etc.

[Glenn]

So why would anyone sign a binding agreement if the league can just approve a better (by even a few million) deal down the road. I have to believe that in the unlikely event that kj finds a better offer and the even less likely deal that the league votes down the Hansen proposal that it will open the offer back up to Hansen. If not, the maloofs could rightly claim that the league prevented them from getting more money from a willing buyer. Can't see the league taking that risk.

Fine! I choose not to be morbid about this. We aren't on the same wave length and I doubt if either of us knows the rules they are operating under. I can't answer a question addressed to someone else.

The Maloofs had a deal to move to Anaheim and the NBA stopped that. How do you imagine that came about? The NBA wants to hear from KJ. I presume that's just for the hell of it.

 

[VF21]

i still find it strange that C-Webb has been completely silent on this. he's gonna be on NBAtv tonight for the Fan Night game (OKC vs LAC) so im gonna be interested to see if he mentions the situation

If CWebb has any connections to any of the possible members of the new ownership group, he is NOT going to say anything that might be misunderstood, taken out of context, etc.

 

[Section 101]

So why would anyone sign a binding agreement if the league can just approve a better (by even a few million) deal down the road. I have to believe that in the unlikely event that kj finds a better offer and the even less likely deal that the league votes down the Hansen proposal that it will open the offer back up to Hansen. If not, the maloofs could rightly claim that the league prevented them from getting more money from a willing buyer. Can't see the league taking that risk.

The binding agreement is contingent upon approval by the the BoG. Think of it the same as buying a house. You put down a deposit. There are contingencies that need to be met like loan funding, inspections etc. The binding part is for Hansen to bind the Maloofs to the deal not the BoG.

 

[Livinthedream]

So why would anyone sign a binding agreement if the league can just approve a better (by even a few million) deal down the road. I have to believe that in the unlikely event that kj finds a better offer and the even less likely deal that the league votes down the Hansen proposal that it will open the offer back up to Hansen. If not, the maloofs could rightly claim that the league prevented them from getting more money from a willing buyer. Can't see the league taking that risk.

They would sign a binding deal so that the Maloofs can't negotiate with any other parties and to hide the terms of the agreement. Stops the bidding process. Then you hold a press conference about buying the team and launch a PR campaign about Phil Jackson and Larry Bird being involved with the new team. Get everyone excited and put the pressure on the BOG to turn you down.

I'm not saying you're wrong. I'm just trying to figure out how this will all play out.

 

[sdballer]

Fine! I choose not to be morbid about this. We aren't on the same wave length and I doubt if either of us knows the rules they are operating under. I can't answer a question addressed to someone else.

The Maloofs had a deal to move to Anaheim and the NBA stopped that. How do you imagine that came about? The NBA wants to hear from KJ. I presume that's just for the hell of it.

Easy fellow kings fan. We are on the same page. I just am trying to look at this realistically so that I can think through how this might come to be. It's the corporate side of me.

I think Anaheim and Seattle were very different situations in that the deal was shaky, the proposed arena situation less viable and the maloofs would still be attached to it. I'm glad they want to hear from kj and that's better than nothing but it wouldn't shock me if it was a pr ploy more than anything. Just to say they tried to make sure sac was heard. I can't express how badly I want to be wrong

 

[VF21]

People are trying to solve a 1000 piece jigsaw puzzle with only 5 pieces out of the box and the cover taped over. Things are just starting to get interesting. The best part of all of this...and please take a moment and let this sink in...is that the Maloofs are OUT OF THE PICTURE.

There are two possible outcomes:

1. The team is sold to Hansen, who moves it to Seattle and changes the name to the Sonics.
2. The team is sold to a local consortium, who keeps it in Sacramento, gets the new arena underway and retains the name of the Kings.

Neither case provides for the Maloofs to continue to pollute the Sacramento OR Seattle atmosphere with their stench.

 

[VF21]

Easy fellow kings fan. We are on the same page. I just am trying to look at this realistically so that I can think through how this might come to be. It's the corporate side of me.

I think Anaheim and Seattle were very different situations in that the deal was shaky, the proposed arena situation less viable and the maloofs would still be attached to it. I'm glad they want to hear from kj and that's better than nothing but it wouldn't shock me if it was a pr ploy more than anything. Just to say they tried to make sure sac was heard. I can't express how badly I want to be wrong

You need to believe what people like Mike, Warhawk, kennadog and others are saying. It isn't just a PR ploy. Kevin Johnson would not have passed up on the Mayor's Conference just to put up some kind of smokescreen. That's not how he rolls. AEG has stated publicly that Stern reached out to them to ensure they're still onboard for the railyard arena proposal, which they are. That's not a ploy by the NBA because that's not the way they roll, either. Remember, if the Maloofs hadn't screwed the pooch on the arena deal at the last second - a deal that NBA was intimately involved in developing - we'd be talking about how many of us had already ordered tickets for the first home game in the new building.

Things aren't rosy but it's certainly not time to give up hope.

 

[sdballer]

You need to believe what people like Mike, Warhawk, kennadog and others are saying. It isn't just a PR ploy. Kevin Johnson would not have passed up on the Mayor's Conference just to put up some kind of smokescreen. That's not how he rolls. AEG has stated publicly that Stern reached out to them to ensure they're still onboard for the railyard arena proposal, which they are. That's not a ploy by the NBA because that's not the way they roll, either. Remember, if the Maloofs hadn't screwed the pooch on the arena deal at the last second - a deal that NBA was intimately involved in developing - we'd be talking about how many of us had already ordered tickets for the first home game in the new building.

Things aren't rosy but it's certainly not time to give up hope.

Not sure I totally agree with the part about the nba. They've taken massive amounts of heat over the Seattle/OKC move. They know this is going to inevitably be tied to this move do they are highly motivated to appear willing to consider both cities fanbases and desire to have a team. It is in their best interests to give every appearance that they want Sacramento to have a chance. If for some reason it turned out that we are able to put everything together in a no-brainer deal, that's the cherry. But I think it's silly to think that pr isn't the big motivator for the league.

 

[Section 101]

Not sure I totally agree with the part about the nba. They've taken massive amounts of heat over the Seattle/OKC move. They know this is going to inevitably be tied to this move do they are highly motivated to appear willing to consider both cities fanbases and desire to have a team. It is in their best interests to give every appearance that they want Sacramento to have a chance. If for some reason it turned out that we are able to put everything together in a no-brainer deal, that's the cherry. But I think it's silly to think that pr isn't the big motivator for the league.

The PR is bad with them losing a city that has an arena deal too. It could cost them future arenas.

 

[Rockmeister]

A lot of you really need to calm down and stop the fear from running down your leg.

This isn't over by any means. As others have stated, it is hard for a local team to negotiate with MSE when their door is shut to negotiations. But, the dirty little secret that Seattle is trying to gloss over with it's strongly-worded press release is that it is no longer up to Seattle or MSE. It is up to the NBA - you know, the ones who "convinced" MSE not to move to Anaheim when they wanted to and negotiated the arena deal here in Sacramento that MSE shot down in glorious flames to the distress of Stern and the NBA.

Chill out and let the process move forward. This isn't a sprint to be won this week. It will be decided in a couple months time and no press release from Seattle is going to change that.

The deal submitted is like an opening salvo with terms and a price to sell something, terms and a price that can no longer be negotiated by MSE. Except now we have a chance to meet those and keep the team.

So, everyone take a deep breath, follow Crown Downtown in our efforts to get a new arena constructed (we will be going to the Sacramento City Council again, etc. - so get your a**es down there and be heard!), pledge at HereWeBuy if you can, show support for KJ, and have some faith. KJ is assembling a team (that should be revealed soon) to present a counter-offer to keep the team.

The hard part has been to get MSE to agree to sell the team! We are now at the point where MSE is irrelevant and lacks any control over the outcome. Quit crying about a lack of information at this point because things are still developing and we will hopefully soon know the details of how to match the deal that was just submitted to the NBA.

Maybe you should tell this to the news media (KCRA, Channel 10, etc) since they are the ones stating the Kings have been sold to Seattle

Also, why don't you tell Jim Kozimor too. He posted it on FB stating the same thing.

If the news media and other social media wouldn't post things like this, then we or I wouldn't be quick to panic.

 

[sdballer]

The PR is bad with them losing a city that has an arena deal too. It could cost them future arenas.

I agree and think that's really what it's going to come down to (provided we come up with a better deal). Denying an existing city with a funded arena vs dictating an owners ability to sell and move to a desired city with wealthy owners.

 

[KingsFanSince85]

Can the Hansen group match? They submitted their offer to the league. Signed and binding as it's been reported, with a $30 mil nonrefundable deposit. Shouldn't that be it?

Yes. That is it. If a local group matches their offer, the Seattle group doesn't get a shot to up the ante. They've essentially shown their cards and a local group has a last shot at matching before it goes to the BOG for a vote. At that point it is solely upon the BOG to decide what's in the best interests of their league.

Remember, the NBA is made up of franchises that are, for the most part, governed by the league. The NBA ultimately decides who gets to own their franchises and what cities they will play in. That's precisely why there is an approval process in place for sales and relocations. If the BOG's feel that it is a detriment to their league to allow the Kings to relocate considering what the city of Sacramento has done and continues to do to support and keep that franchise in town, as well as how it may impact similar situations with other franchises down the road, they can site the "best interests" clause as their reasoning for selecting an alternate ownership group. As stated earlier, MLB made a similar decision with the SF Giants in 1992.

Will the NBA follow suit? We don't know. It depends upon how much they really want to see a team back in Seattle and whether that desire outweighs the negative ramifications of the backlash / PR they might receive as a result of their decision.

 

[kennadog]

Not sure I totally agree with the part about the nba. They've taken massive amounts of heat over the Seattle/OKC move. They know this is going to inevitably be tied to this move do they are highly motivated to appear willing to consider both cities fanbases and desire to have a team. It is in their best interests to give every appearance that they want Sacramento to have a chance. If for some reason it turned out that we are able to put everything together in a no-brainer deal, that's the cherry. But I think it's silly to think that pr isn't the big motivator for the league.

Sonics fans can claim they were screwed in losing the team, but the bottom line fact is their city refused to participate in an arena deal. Heck they even passed a law against any public financing for any sports team. That law had an expiration date, which is why they can put in public money now.

So it is too bad that Seattle lost the Sonics, but their city council did nothing to support keeping the Sonics. A local buyer only stepped up, after the team and been sold to Bennett already.

On the other hand, Sacramento has done absolutely everything the league has asked us to do. Even in light of the difficulties in getting public funding in California for something like an arena, Sacramento came yup with a way to do the deal without raising taxes one iota.

The PR would be pretty awful for the league and they jeopardize the possibility of public funding being offered in other cities, like Sacramento. Ten NBA teams are in smaller media markets than Sacramento. How many cities are going to wan to risk public money and get screwed by the NBA?

 

[VF21]

Maybe you should tell this to the news media (KCRA, Channel 10, etc) since they are the ones stating the Kings have been sold to Seattle

Also, why don't you tell Jim Kozimor too. He posted it on FB stating the same thing.

If the news media and other social media wouldn't post things like this, then we or I wouldn't be quick to panic.

The media tells the bare bones of the story. People here - like Warhawk, Mike and kennadog - are in the trenches. They've been to the city council, they've talked with the Mayor, they've given a LOT to the cause. They're trying to give people reason to have hope and they're basing it on personal experience, etc. I would trust what they said way before I believed ANYTHING the local media people had to say. Remember, the local media had the Kings packed and on the way to Anaheim, too.

 

[HereWeBoogie]

Outside of a last minute local buyer (with an agreed upon arena deal) making an offer that Hansen won't match and that the league pushes the maloofs into accepting they are gone, right? I just don't know how likely that is to happen.

pretty much

 

[HereWeBoogie]

The Maloofs had a deal to move to Anaheim and the NBA stopped that. How do you imagine that came about? The NBA wants to hear from KJ. I presume that's just for the hell of it.

that deal was not nearly as complete as this one. this deal is practically done. and Anaheim doesnt hold a candle to Seattle in the eye of the NBA

 

[jpsls]

The BoG rejecting a comparable offer to keep the kings in sac would set a bad precedence for the league. Owners would no longer be forced to work with cities to build new arenas, and the league can't force owners to stay in cities they don't prefer. The Bobcats, pacers, bucks, etc can all point to the current situation and say, "You let the kings move even though a viable arena deal was in place. Why should we have to negotiate with cities we don't want to be in."

 

[HereWeBoogie]

^hope so. i think were gonna find out. because i truly believe Mayor Johnson is going to come through on his part with a legitimate matching offer and an arena plan, but im no so confident in the NBA choosing us over Seattle

 

[kennadog]

The league wouldn't let the Hornets leave New Orleans. A smaller market than Sacramento.

The problem with most media is they use shortcuts, instead of spelling things out. A factually correct report would state that the Maloofs and Hansen have signed a purchase offer that is contingent on approval by the league Board of Commissioners. Its just lazy reporting. It's more insulting to Sacramento that some report it as a slam dunk.

 

[Chupacabra]

I would think that upon the BOG reviewing two identicle deals the they would side with sacramento simply because the Kings are already there. I dont buy the arguement of " the league prefers that the larger market receive the team " in this situation. Its not the driving force thats pushing the the kings towards a move. We arent talking about New York or Los Angeles here. Its the #14 media market.

The deciding factor will be and has always been whether or not KJ presents a competitive offer. All other factors are irrelevant at this point.

 

[Kingsfan23]

Fine! I choose not to be morbid about this. We aren't on the same wave length and I doubt if either of us knows the rules they are operating under. I can't answer a question addressed to someone else.

The Maloofs had a deal to move to Anaheim and the NBA stopped that. How do you imagine that came about? The NBA wants to hear from KJ. I presume that's just for the hell of it.

I think they would want to hear from KJ either way, how would that look PR wise if they didnt. Stern telling KJ to re-engage with AEG is good though, that didn't need to happen

 

[swisshh]

The league wouldn't let the Hornets leave New Orleans. A smaller market than Sacramento.

The problem with most media is they use shortcuts, instead of spelling things out. A factually correct report would state that the Maloofs and Hansen have signed a purchase offer that is contingent on approval by the league Board of Commissioners. Its just lazy reporting. It's more insulting to Sacramento that some report it as a slam dunk.

It's mostly ESPN with the terrible work on this situation, and they've been sitting on wait and see, worried about their NBA contract more than the story of the situation.

 

[Mike0476]

Maybe you should tell this to the news media (KCRA, Channel 10, etc) since they are the ones stating the Kings have been sold to Seattle

Also, why don't you tell Jim Kozimor too. He posted it on FB stating the same thing.

If the news media and other social media wouldn't post things like this, then we or I wouldn't be quick to panic.

The media reports on sad news, bad news, etc. It is what gets people to watch. No one watches the news for good news or positive news. How many from the media covered our viewing party and pub crawl? Just one news station. Not even the Bee showed up.

It's all good though. Our community showed up followed by an unannounced Mayor Johnson. We will keep fighting the good fight.

 

[HereWeBoogie]

i read that because of the non refundable $30M the Maloofs and the Hansen group may be able to sue if the league rejects the sale. not good

 

[xyrin]

The 30M from Hansen is just dumb, he can't sue over it. I see it as either 1) a scare tactic, or 2) given to the Maloofs so they can purchase the 7% that is going on auction in February to hand over later to avoid right of first refusal on it so an outside party like Burkle doesn't come in and bid on it.

 

[Livinthedream]

i read that because of the non refundable $30M the Maloofs and the Hansen group may be able to sue if the league rejects the sale. not good

Sue for what? Everyone involved knows that it has to get by the BOG before the sale is approved. If Hansen wants to guarantee $30 mil, that's his problem. Not sure what legal recourse Hansen could have.

 

[hoops4kings]

The media is really playing this as a done deal. Ray Ratto from Chronicle Live said Sac has no chance to keep the Kings because Hansen is the BOG's type of guy (deep pockets) they want in their inner circle. He basically said the BOG will listen to whatever KJ has up his sleeve as a courtesy to not look bad but will overwhelmingly approve the sale and relocation.

Hoping for a miracle.

 

[SacTownKid]

The media is really playing this as a done deal. Ray Ratto from Chronicle Live said Sac has no chance to keep the Kings because Hansen is the BOG's type of guy (deep pockets) they want in their inner circle. He basically said the BOG will listen to whatever KJ has up his sleeve as a courtesy to not look bad but will overwhelmingly approve the sale and relocation.

Hoping for a miracle.

If KJ comes in with a competitive offer and the team winds up in Seattle, they look bad, no ifs, ands, or buts about it.

 

[VF21]

If KJ comes in with a competitive offer and the team winds up in Seattle, they look bad, no ifs, ands, or buts about it.

Yep. And the Sacramento economy takes a severe hit, all because of the NBA. Not gonna look good on the ol' Stern legacy.

 

[ParniValjak]

Guys its not over until the fat lady sings!

We've got to have faith. It's not going to be easy...it was never going to be easy but we can win this and I am quietly confident that we WILL win this.

This announcement was always going to be made. Media was always going to report it as a done deal but it is not over. We have a chance and I believe that KJ will take it. Has this man ever failed us in the past?

Have faith Kings fans! Its just getting more interesting.