Hansen agrees to price for Cook's piece of the Kings

[slugking50]

Yep. One of the guys who was moved even said he got his tickets directly from Gavin. Thanks to Mike from CrownDowntown, the picture of the Lakers was tweeted to all his followers and retweeted to any number of other Kings fans. It was shortly thereafter, according to the CrownDowntown Facebook page, that the Lakers fans were moved to seats by the bench and the Kings fans were put into the Maloof seats.

He said he got it from somebody who got it from the Maloofs. Said it on Fox40. After Mikes twitter then they moved a few Kings fans who got tix from Gavin.

Here is the story.

http://fox40.com/2013/03/31/lakers-fan-courtside-kings-game-tickets-werent-fake/

 

[VF21]

Ah, thanks for the clarification.

 

[slugking50]

Ah, thanks for the clarification.

No problem.

 

[Mike0476]

Yes! That's it. Thank you, Mike. (You know, if you had a nickel for every time someone has said that to you in the past year, I'm betting you'd have a pretty big stack of nickels.)

I could have been a whale.

 

[kennadog]

You know what the saddest thing about this is? The Maloofs are getting their money either way. I'll repeat that, just in case it wasn't clear the first time: the Maloofs are getting their money either way. Yet they're still maloofing around trying to manipulate a BOG vote with the sole purpose of making sure that Sacramento loses its team.

Worst.

People.

In.

The.

World.

Pretty much agree with this assessment. I'll be happy like VF, when they are former owners. I'll be even happier when someone mentions Maloofs and other people ask, "Who?"

 

[jaysoonii]

http://www.youtube.com/watch?feature=player_embedded&v=Lb5Udc_V14g

Great response!

 

[VF21]

http://www.youtube.com/watch?feature=player_embedded&v=Lb5Udc_V14g

Great response!

Yep. Kobe likes coming to Sacramento to play. There aren't many cities that can create the kind of atmosphere at a game like Sacramento can for a Kings-Lakers game.

 

[gunks]

You know what the saddest thing about this is? The Maloofs are getting their money either way. I'll repeat that, just in case it wasn't clear the first time: the Maloofs are getting their money either way. Yet they're still maloofing around trying to manipulate a BOG vote with the sole purpose of making sure that Sacramento loses its team.

Worst.

People.

In.

The.

World.

Yup. I cant wait to see how they blow all the money from the team sale. I'm gonna keep track of them til they are broke (I give it 2-3 years) out of spite.

 

[HndsmCelt]

Now you KNOW I am no fan of the Maloofs at all, but I think people are a little off base assuming the Maloofs are vindictive an petty to the point of cutting off their nose to spite their face. Moving the team made sense for them. Not because they hate Sacramento, but because after the Golden State sale there was no way the team was going to fetch more than 400 million. So the Seattle deal made sense because it forced potential buyers to pay Seattle prices rather than Sacramento prices. I am fairly cretin that if the BOG blocks the sale to Hansen and the local offer is close or the same they will snap the deal up and laugh all the way to the bank.

 

[Jose]

Now you KNOW I am no fan of the Maloofs at all, but I think people are a little off base assuming the Maloofs are vindictive an petty to the point of cutting off their nose to spite their face. Moving the team made sense for them. Not because they hate Sacramento, but because after the Golden State sale there was no way the team was going to fetch more than 400 million. So the Seattle deal made sense because it forced potential buyers to pay Seattle prices rather than Sacramento prices. I am fairly cretin that if the BOG blocks the sale to Hansen and the local offer is close or the same they will snap the deal up and laugh all the way to the bank.

Why? The minimum team price has already been set by Hansen. If that deal is rejected, they can hold on to the team and say they will start accepting bids. You bet Hansen will come back with a $600M offer. They can also claim they want to be part of this new Sacramento resurgence and be tenants in a new arena built by Burkle. Make a big mess out of things. With fans rallying to show support for the team, plus revenue sharing, they are not going to lose money. They can hang on to the team for a bigger offer or to extort the city.

The only way this ends well is if the league intervenes and says "enough is enough". If they are given free will, they will hang on for more money or to leech off of the City's efforts and the Whales.

 

[HndsmCelt]

Why? The minimum team price has already been set by Hansen. If that deal is rejected, they can hold on to the team and say they will start accepting bids. You bet Hansen will come back with a $600M offer. They can also claim they want to be part of this new Sacramento resurgence and be tenants in a new arena built by Burkle. Make a big mess out of things. With fans rallying to show support for the team, plus revenue sharing, they are not going to lose money. They can hang on to the team for a bigger offer or to extort the city.

The only way this ends well is if the league intervenes and says "enough is enough". If they are given free will, they will hang on for more money or to leech off of the City's efforts and the Whales.

Um... no. If the Hansen sale/move is blocked the reason will have much more to do with the move not the ownership group per say. So a NO mean no move. Hansen does not want to own the Sacramento Kings, he wants to reinvent the Seattle Sonics. The price he set was the minimum price for a team in Seattle, NOT Sacramento; so any future "biding" would be based on the value of the team in Sacramento. Assuming the Mastov group's offer is approved then the Maloofs face the decision of taking that offer now or trying to squeeze a few more bucks from another local buyer then taking it to the BOG again and so forth. No out of town buyer will come near these guys after failing to move the team twice.

 

[VF21]

Why? The minimum team price has already been set by Hansen. If that deal is rejected, they can hold on to the team and say they will start accepting bids. You bet Hansen will come back with a $600M offer. They can also claim they want to be part of this new Sacramento resurgence and be tenants in a new arena built by Burkle. Make a big mess out of things. With fans rallying to show support for the team, plus revenue sharing, they are not going to lose money. They can hang on to the team for a bigger offer or to extort the city.

The only way this ends well is if the league intervenes and says "enough is enough". If they are given free will, they will hang on for more money or to leech off of the City's efforts and the Whales.

No, Hansen didn't submit a bid. He and the Maloofs came to a binding sales agreement, subject to approval by the NBA. The Maloofs have, therefore, indicated that they will sell. If the Hansen offer or the relocation is rejected, the NBA will pretty much force the Maloofs to accept the only other existing offer on the table. It will not become a bidding war.

Provided the net proceeds to the Maloofs are the same, they will walk away with their money and not look back. The Maloofs spit in the face of David Stern and the NBA one too many times. They aren't going to be able to do so any longer.

People really need to listen to and watch all the press conferences David Stern has had. He has made it abundantly clear that the Maloofs are NO LONGER driving this train.

 

[Elektrik]

Now you KNOW I am no fan of the Maloofs at all, but I think people are a little off base assuming the Maloofs are vindictive an petty to the point of cutting off their nose to spite their face. Moving the team made sense for them. Not because they hate Sacramento, but because after the Golden State sale there was no way the team was going to fetch more than 400 million. So the Seattle deal made sense because it forced potential buyers to pay Seattle prices rather than Sacramento prices. I am fairly cretin that if the BOG blocks the sale to Hansen and the local offer is close or the same they will snap the deal up and laugh all the way to the bank.

They have cut off their nose to spite their face numerous times. sabotaging arena deal after deal. $6000 wine to wash down a burger, laker fans given their owners seats...i could go on and on. These things have all been done with no consideration for Sacramento or its fans. Going behind our backs and trying to get a deal in Anaheim, Virginia Beach, and now Seattle all sounds vidictive to me. I dont blame them for trying to get the most they can for the team but we never were given an option to buy, nor were the minority owners. Again vindictive. Now, as it turns out, it might be the best thing in the long run for Sacramento, but it doesn't change the fact that the magoofs are weasles. Always have been.

 

[HndsmCelt]

They have cut off their nose to spite their face numerous times. sabotaging arena deal after deal. $6000 wine to wash down a burger, laker fans given their owners seats...i could go on and on. These things have all been done with no consideration for Sacramento or its fans. Going behind our backs and trying to get a deal in Anaheim, Virginia Beach, and now Seattle all sounds vidictive to me. I dont blame them for trying to get the most they can for the team but we never were given an option to buy, nor were the minority owners. Again vindictive. Now, as it turns out, it might be the best thing in the long run for Sacramento, but it doesn't change the fact that the magoofs are weasles. Always have been.

I think you miss my point. I am not defending the Maloofs, I am simply pointing out that there was/is actually a profit motive to moving the team, simply put they hoped to make MORE money with a move, and it looks like they were right even if local buyers do buy the team now, BECAUSE the local buyers will be paying Seattle prices for a Sacramento team. They certainly are morally reprehensible and I wish they were NOT going to be making this kind of money off their little drama.

 

[Jose]

Um... no. If the Hansen sale/move is blocked the reason will have much more to do with the move not the ownership group per say. So a NO mean no move. Hansen does not want to own the Sacramento Kings, he wants to reinvent the Seattle Sonics. The price he set was the minimum price for a team in Seattle, NOT Sacramento; so any future "biding" would be based on the value of the team in Sacramento. Assuming the Mastov group's offer is approved then the Maloofs face the decision of taking that offer now or trying to squeeze a few more bucks from another local buyer then taking it to the BOG again and so forth. No out of town buyer will come near these guys after failing to move the team twice.

I wish I could be that optimistic... But when Stern said that the Sacramento offer fell short and urged them to raise it, he indirectly implied that economics ($$$) matter. It would be very hard for the league to block a $600M sale & relocation to Seattle when a local group is only offering $525. Forcing the seller to lose millions of dollars would most likely not be something the other owners would go with, and it could open the league up for a lawsuit. So the only way the team stays here is with a matching offer.

They could play this same game next year, with a hungrier and more determined Hansen willing to raise the stakes and the Sacramento investors not wanting to play that game and refusing to match (or, as you said, pay a "Seattle" price for a "Sacramento" team).

I wish I could be optimistic but, like I said, I don't think this ends well unless the league intervenes (forces the Clowns to take the Sacramento investors' offer).

 

[HndsmCelt]

I wish I could be that optimistic... But when Stern said that the Sacramento offer fell short and urged them to raise it, he indirectly implied that economics ($$$) matter. It would be very hard for the league to block a $600M sale & relocation to Seattle when a local group is only offering $525. Forcing the seller to lose millions of dollars would most likely not be something the other owners would go with, and it could open the league up for a lawsuit. So the only way the team stays here is with a matching offer.

They could play this same game next year, with a hungrier and more determined Hansen willing to raise the stakes and the Sacramento investors not wanting to play that game and refusing to match (or, as you said, pay a "Seattle" price for a "Sacramento" team).

I wish I could be optimistic but, like I said, I don't think this ends well unless the league intervenes.

By extension then you are saying that Hansen might offer 1 billion for the Lakers and move them up to Redmond and the BOG would approve it.

 

[Jose]

By extension then you are saying that Hansen might offer 1 billion for the Lakers and move them up to Redmond and the BOG would approve it.

If the Lakers weren't bound by contracts to the city and Staples center? And if no local group wants to match the offer? Perhaps they would. That's the message they're sending right now by urging Sacramento to match the Seattle offer. They would confirm that message if they allow the team to move to Seattle. They would negate that message if they reject the Seattle sale and force the Clowns to sell to the Sacramento investors. They would leave things out in the open and enable the Clowns to continue to be clowns by rejecting the Seattle offer and giving them the freedom to choose what to do next.

They chose to allow this instead of stepping in right away and saying "no", making it clear that this is a feasible market and they would only consider relocation if no local buyers were willing to pay fair price (LOCAL price) for the franchise.

Whatever the league does here will set a precedent that could have very serious future ramifications.

 

[VF21]

I wish I could be that optimistic... But when Stern said that the Sacramento offer fell short and urged them to raise it, he indirectly implied that economics ($$$) matter. It would be very hard for the league to block a $600M sale & relocation to Seattle when a local group is only offering $525. Forcing the seller to lose millions of dollars would most likely not be something the other owners would go with, and it could open the league up for a lawsuit. So the only way the team stays here is with a matching offer.

They could play this same game next year, with a hungrier and more determined Hansen willing to raise the stakes and the Sacramento investors not wanting to play that game and refusing to match (or, as you said, pay a "Seattle" price for a "Sacramento" team).

I wish I could be optimistic but, like I said, I don't think this ends well unless the league intervenes (forces the Clowns to take the Sacramento investors' offer).

So you're saying that you think Ron Burkle, Mark Mastrov, Vivek Ranadive and Paul Jacobs don't have the brains to come up with just the right number that will get them the team? I'm sorry but I'm just not going to buy into that scenario. Recent indications are that the exact Seattle figure is now known to the Fab Four. They will make the right offer for the simple reason they aren't in this to lose.

 

[Jose]

So you're saying that you think Ron Burkle, Mark Mastrov, Vivek Ranadive and Paul Jacobs don't have the brains to come up with just the right number that will get them the team? I'm sorry but I'm just not going to buy into that scenario. Recent indications are that the exact Seattle figure is now known to the Fab Four. They will make the right offer for the simple reason they aren't in this to lose.

I know they will. What I'm saying is that if the league rejects the Seattle offer and does NOT force the Clowns to sell to the Sacramento investors, there's nothing preventing the Clowns from saying "Never mind, we'll keep the team for now". THEN, next year they can do the same thing, with a higher offer, forcing everyone to go thru this again.

All I'm saying is that unless the league intervenes and FORCES them to sell now, there's no guarantee this will end well.

 

[pshn80]

Instead of the Maloofs being vindictive and weasels, I think they saw a way to sell the team for a whole lot more money and they did it. It required getting bids or bumps in the team value by soliciting interest in buying and moving the team. Also difficult, they had to do this without putting the team up for sale. If they had done that it would have generated a local effort to buy the team for a lot less money. They didn't want that and they didn't get that. And, right now, it looks like they will be successful.

 

[HndsmCelt]

If the Lakers weren't bound by contracts to the city and Staples center? And if no local group wants to match the offer? Perhaps they would. That's the message they're sending right now by urging Sacramento to match the Seattle offer. They would confirm that message if they allow the team to move to Seattle. They would negate that message if they reject the Seattle sale and force the Clowns to sell to the Sacramento investors. They would leave things out in the open and enable the Clowns to continue to be clowns by rejecting the Seattle offer and giving them the freedom to choose what to do next.

They chose to allow this instead of stepping in right away and saying "no", making it clear that this is a feasible market and they would only consider relocation if no local buyers were willing to pay fair price (LOCAL price) for the franchise.

Whatever the league does here will set a precedent that could have very serious future ramifications.

And my point is that a NO vote from the BOG IS the NBA intervening
and forcing he Maloofs to sell to the local group.

 

[VF21]

Instead of the Maloofs being vindictive and weasels, I think they saw a way to sell the team for a whole lot more money and they did it. It required getting bids or bumps in the team value by soliciting interest in buying and moving the team. Also difficult, they had to do this without putting the team up for sale. If they had done that it would have generated a local effort to buy the team for a lot less money. They didn't want that and they didn't get that. And, right now, it looks like they will be successful.

You're a kind soul. I used to be. In the past few years, however, I have lost any kind of respect I once had for the Maloofs. They have lied and they have let the team I love become a laughing stock. You're applauding their business strategies; I'm denouncing them for their failures as human beings.

 

[VF21]

And my point is that a NO vote from the BOG IS the NBA intervening
and forcing he Maloofs to sell to the local group.

Exactly.

 

[Jose]

And my point is that a NO vote from the BOG IS the NBA intervening
and forcing he Maloofs to sell to the local group.

I don't see how. It forces them to CONSIDER the local group's offer. They can choose to not take it. There's nothing to stop Hansen from telling them "hold on to the team for one more year, and we'll do it again - this time for $600M" or whatever amount he feels like dropping. The Clowns may or may not be vindictive, but they sure are greedy. If they have a chance to squeeze another $50 to $75 million out of this deal (or more!), don't kid yourself thinking that they won't. It's not a fluke that they're already floating rumors about keeping the team...

Unless the league takes over the team, sells to the Sacramento team and gives the Clowns the money, anything is possible. That, or vote "no" and immediately offer Seattle an expansion team for the $525M that Hansen was willing to spend. That would force the Clowns to take the Sacramento money and run. Otherwise, they can hold on and try to milk this. And if they think they can make more money, they absolutely will.

 

[VF21]

If the relocation committee votes NO to Seattle, they are sending the message loud and clear that they think the Kings need to stay in Sacramento. There is no reason to assume they would change their minds if the Maloofs retain ownership - which they won't - and bring another deal to the table. The relocation committee evaluates the city, not the sales price.

It's clear we're never going to see this from the same POV. Luckily for everyone on all sides of the issue, we don't have much longer to wait. I remain totally optimistic.

 

[Bricklayer]

Unless the league takes over the team, sells to the Sacramento team and gives the Clowns the money, anything is possible.

Hardly.

 

[Hoovtrain]

I don't see how. It forces them to CONSIDER the local group's offer. They can choose to not take it. There's nothing to stop Hansen from telling them "hold on to the team for one more year, and we'll do it again - this time for $600M" or whatever amount he feels like dropping. The Clowns may or may not be vindictive, but they sure are greedy. If they have a chance to squeeze another $50 to $75 million out of this deal (or more!), don't kid yourself thinking that they won't. It's not a fluke that they're already floating rumors about keeping the team...

Unless the league takes over the team, sells to the Sacramento team and gives the Clowns the money, anything is possible. That, or vote "no" and immediately offer Seattle an expansion team for the $525M that Hansen was willing to spend. That would force the Clowns to take the Sacramento money and run. Otherwise, they can hold on and try to milk this. And if they think they can make more money, they absolutely will.

As it stands right now from what i have heard (and VF has also mentioned hearing this as well), i don't think they can afford to hold on for 1 more year. Word is they are already having difficulty making payroll, so i don't know how they would be able to do it for another year.

 

[Livinthedream]

I don't see how. It forces them to CONSIDER the local group's offer. They can choose to not take it. There's nothing to stop Hansen from telling them "hold on to the team for one more year, and we'll do it again - this time for $600M" or whatever amount he feels like dropping. The Clowns may or may not be vindictive, but they sure are greedy. If they have a chance to squeeze another $50 to $75 million out of this deal (or more!), don't kid yourself thinking that they won't. It's not a fluke that they're already floating rumors about keeping the team...

Unless the league takes over the team, sells to the Sacramento team and gives the Clowns the money, anything is possible. That, or vote "no" and immediately offer Seattle an expansion team for the $525M that Hansen was willing to spend. That would force the Clowns to take the Sacramento money and run. Otherwise, they can hold on and try to milk this. And if they think they can make more money, they absolutely will.

A NO vote is the NBA saying that the team can not be moved from Sacramento. What does waiting another year do for Hansen or the Maloofs when the league wants the team in Sac?

If the league doesn't somehow think they can force the Maloofs hand, then everyone is wasting their time. Do you really believe that the whales would put in this much time and effort if they didn't think the team would be sold to them in the end?

You can't just think about this from the Maloofs point of view, because they're not in control of the process. The Maloofs are not able to control who is approved for the purchase of a team and they are not in control of where a team plays. The Maloofs have effectively ended their ability to conduct a profitable business in the city of Sacramento. They are done.

 

[funkykingston]

This saga with the Maloofs will be resolved one way or another this year. The notion that they'd squeeze more money out of a sale next year isn't realistic. They'd be absolutely hemorrhaging money to stay another year as owners in Sacramento with no plans to build an arena, upgrade the roster or otherwise give fans and corporate supporters any reason to give them any more money.

I'm not sure why the rumors are floating out that the MaGoofs might hang on to the team if the Seattle sale is rejected. Clearly it wouldn't be about the sale price since the money should be equal when all is said and done. And I have a hard time thinking that it's simply about being vindictive though with them it is a possibility. I'm starting to wonder if there's something beyond money promised to them by Hansen with his deal. Are they still being offered a minority ownership role? Is there something more devious involved?

Because honestly, if they want out and have signed an agreement for a particular price, why else would they be unwilling to sell to a group that would keep the Kings in Sacramento?

Maybe I'm over thinking it and they really are that petty.

 

[Mojo]

If the Hansen offer or the relocation is rejected, the NBA will pretty much force the Maloofs to accept the only other existing offer on the table. It will not become a bidding war.

This is exactly how I think it will play out. The NBA is not going to play around with the Maloofs anymore. It's game over.