Maloofs Have Given til 5PM Friday for Back Up Offer From Sac Group!!

[macadocious]

Ryan Lillis ‏@Ryan_Lillis 4m BREAKING: Maloofs give Sacramento group 5 pm Friday deadline to submit matching “back-up” offer for #NBAKings

 

[Darren]

Does this mean they will take it before the vote?


If not then why do they have a right to give a deadline?

 

[macadocious]

Ryan Lillis ‏@Ryan_Lillis 4m

Source: If matching back-up offer doesn't arrive by Friday or doesn't match Seattle, Maloofs have said talks are off with Sacramento


LOL, this statement assumes that talks were ON. Hilarious.

 

[Chupacabra]

Who is Ryan Lillis?

 

[macadocious]

Who is Ryan Lillis?

Are you being serious?

 

[LPKingsFan]

Who is Ryan Lillis?

Bee reporter.

 

[hrdboild]

So sick of their nonsense. I'm sorry but I'm going with non-story on this one. Stern already said he's having none of this, and the NBA is going to proceed with their normal procedure for potential team sales.

 

[HndsmCelt]

Sounds like the Maloofs have an idea how the vote is going to go and are making a last dtich effort to get that extra 30 mill

 

[Gilles]

Maloofs have a PSA with Hansen and got $30 million deposit specifically not to talk with anybody else. If they were in direct contact with anybody from Sacramento, Hansen has pretty obvious case against Maloofs.

 

[Gary]

Sounds like the Maloofs have an idea how the vote is going to go and are making a last dtich effort to get that extra 30 mill

That's what it sounds like.. Kind of a weird statement to release out of the blue. There has got to be a reason for it.

 

[Section 101]

Maloofs have a PSA with Hansen and got $30 million deposit specifically not to talk with anybody else. If they were in direct contact with anybody from Sacramento, Hansen has pretty obvious case against Maloofs.

They have it anyways in regards to the deposit. It's a non issue for getting it back.

 

[xyrin]

Think this is good news for Sacramento. If Seattle were the clear favorite, then why would this even be an issue? The Maloofs are now SPEAKING with Sacramento, they must have told them how much exactly the offer is to match. How can they do this if they aren't allowed to negotiate with other parties?

Very, very interesting. I'm optimistic.

 

[Ryan]

sounds like the maloofs have an idea how the vote is going to go and are making a last dtich effort to get that extra 30 mill

bingo.

 

[Bibbilicious]

Well I guess this is a good sign for Sacramento. But yet another scumbag move from the Maloofs to add to the ever growing list.

 

[VF21]

This is HUGE, folks. http://www.sacbee.com/2013/04/10/5332154/source-maloof-family-sets-deadline.html

This is the Maloofs acknowledging the obvious, that the NBA is virtually doing everything it can to ensure the Sacramento group has a viable bid. By creating a deadline, the Maloofs have bowed to the inevitable and have also committed themselves to the back-up offer.

This is called saving face, Maloof style.

 

[HndsmCelt]

Well I guess this is a good sign for Sacramento. But yet another scumbag move from the Maloofs to add to the ever growing list.

the moment you think the Maloffs are out of slimy moves you are in trouble

 

[VF21]

Maloofs have a PSA with Hansen and got $30 million deposit specifically not to talk with anybody else. If they were in direct contact with anybody from Sacramento, Hansen has pretty obvious case against Maloofs.

Word is in typical Maloofian fashion, the deposit check has not been cashed.

 

[Prophetess]

So sick of their nonsense. I'm sorry but I'm going with non-story on this one. Stern already said he's having none of this, and the NBA is going to proceed with their normal procedure for potential team sales.

This

 

[annihilator_33]

Refreshing twitter constantly right now in hope of updates

 

[HndsmCelt]

Carmichael Dave ‏@CarmichaelDave 2m

Maloofs beginning to see Sac has votes. Want Sac offer BINDING, to prevent Hansen rejection/Sac offer dropping. Both fair and great signs.

 

[Gary]

Carmichael Dave ‏@CarmichaelDave 2m

Maloofs beginning to see Sac has votes. Want Sac offer BINDING, to prevent Hansen rejection/Sac offer dropping. Both fair and great signs.

Well there you go. They don't have the votes so they want to sell locally. I wonder if Scrooge Maloof was visited by three ghosts when he was in bed that made him reconsider his actions?

 

[Agent23]

What's even better is all those Clowns from Seattle are all grasping for straws now. I can't wait to make fun of them on Twitter when this all goes down. It'll be so sweet after all the crap they have said during this whole ordeal.

 

[Gary]

Sen. Steinberg: “…Sacramento has made not only a fully competitive offer, but an offer that matches dollar-for-dollar the Seattle offer.”

Anyone hear about this? Are they forwarding the matching offer this week to Maloofs?

 

[Jose]

Sen. Steinberg: “…Sacramento has made not only a fully competitive offer, but an offer that matches dollar-for-dollar the Seattle offer.”

Anyone hear about this? Are they forwarding the matching offer this week to Maloofs?

The league already has the Sacramento offer... why bother talking to the Clowns now?

 

[HndsmCelt]

Sen. Steinberg: “…Sacramento has made not only a fully competitive offer, but an offer that matches dollar-for-dollar the Seattle offer.”

Anyone hear about this? Are they forwarding the matching offer this week to Maloofs?

The ;problem here is that because the details in a purchase contract of this size are numerous and the Sac offer would by default NOT cover some of the expenses in an offer to move the team. So a dollar to dollar comparison is a bit ricky. More o he point I have heard several different stories about the size of the offer and there is some dispute as to if it is competitive, the same or less than the Seattle offer.

 

[Arkitect]

Is it even possible at this point for Maloofs to kill deal with Seattle group? What is the point in accepting other offers beyond nonsensical Maloofian reasons?

 

[bajaden]

The ;problem here is that because the details in a purchase contract of this size are numerous and the Sac offer would by default NOT cover some of the expenses in an offer to move the team. So a dollar to dollar comparison is a bit ricky. More o he point I have heard several different stories about the size of the offer and there is some dispute as to if it is competitive, the same or less than the Seattle offer.

Source please! I've heard nothing from anyone that matters about the offer not being competitive and matching. I'm not into speculating without facts. So if you have info about the offer not matching, who is your source.

 

[Hoovtrain]

Ryan Lillis ‏@Ryan_Lillis 4m

Source: If matching back-up offer doesn't arrive by Friday or doesn't match Seattle, Maloofs have said talks are off with Sacramento


LOL, this statement assumes that talks were ON. Hilarious.

LOL! They can go F themselves. They are in no position to be calling any shots or making any demands.

 

[sdballer]

Source please! I've heard nothing from anyone that matters about the offer not being competitive and matching. I'm not into speculating without facts. So if you have info about the offer not matching, who is your source.

Chris Daniels from Seattle tweeted that sources said it wasn't matching. That with the somewhat wishy washy Steinberg language is all there is on that side.

 

[HndsmCelt]

Source please! I've heard nothing from anyone that matters about the offer not being competitive and matching. I'm not into speculating without facts. So if you have info about the offer not matching, who is your source.

Carmichael Dave tweeted that the offer was 30 mill under Seattle. The speculation was that they might get to keep the 30 mil deposit and that would make them whole on the deal.

I would also assume that if the offers really were dollar for dollar matches the Maloofs would not bother with this deadline crap. As I said earlier, it looks very much as if the M's have made the calls and know where the votes are and are tying to up the Sacramento offer before it is the only one on the table.