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

[kpm308]

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?

Im not sure of they can kill the deal or not. But I would see this deadline doing 3 things for the Maloofs.

First, if Sacramento declines to submit an official offer to the maloofs, it would theoretically allow them to make the case that there is only one official offer out there, instead of competing offers, so they would point to that as a reason that the BOG shouldn't kill the only offer they have.

Second, if they get an offer from sac that is equal or higher than Hansen, this could possibly give them a chance for a last minute scramble to have Hansen's bid increased.

Third, if the offer is low, it will give them time to research anti trust litigation options, and hope the threat of that would swing a few votes their way

 

[Fear the Putin]

Im not sure of they can kill the deal or not. But I would see this deadline doing 3 things for the Maloofs.

First, if Sacramento declines to submit an official offer to the maloofs, it would theoretically allow them to make the case that there is only one official offer out there, instead of competing offers, so they would point to that as a reason that the BOG shouldn't kill the only offer they have.

Second, if they get an offer from sac that is equal or higher than Hansen, this could possibly give them a chance for a last minute scramble to have Hansen's bid increased.

Third, if the offer is low, it will give them time to research anti trust litigation options, and hope the threat of that would swing a few votes their way

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

 

[Hoovtrain]

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

Maybe i am missing something, but i thought Hansen does not have the ability to "one-up" anything in terms of his initial bid?

 

[curitibagarrett]

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

There is no reason to worry about this. Vivec's group will do what the NBA says. If the NBA says to give them a formal written offer they will do it. If the NBA says not to do it then they won't. Remember the NBA is controlling this now. The Maloofs can spew all they want but they aren't in control right now.

 

[Jose]

There is no reason to worry about this. Vivec's group will do what the NBA says. If the NBA says to give them a formal written offer they will do it. If the NBA says not to do it then they won't. Remember the NBA is controlling this now. The Maloofs can spew all they want but they aren't in control right now.

^ This. The Sacramento group is dealing with the NBA. The Clowns had the chance to come to the table to get a Sacramento offer and chose not to. Too late, fools... go cry to the BoG.

 

[HndsmCelt]

Ok kids this may be hard for you to grasp but here goes: Stern has said it There was no problem with the amount of the Sac offer. This is NOT just about money. BIGER offers are NOT likely to do much. If the BOG plans to vote no its about the MOVE so Hansen can up his bid to the moon and all it will get him is ownership of the SACRAMENTO Kings, or bub-kiss.

Now if you are wondering what Hansen CAN or are likely to do, they need to decide if they want to keep looking for a team, then they need to do as advised.

 

[kpm308]

There is no reason to worry about this. Vivec's group will do what the NBA says. If the NBA says to give them a formal written offer they will do it. If the NBA says not to do it then they won't. Remember the NBA is controlling this now. The Maloofs can spew all they want but they aren't in control right now.

I agree, I'm not worried much about the maloofs at this point, just outlining what I believe their thinking was in doing this. But from their point of view it's got to be worth a shot. Maybe the uncertainty about what they're up to makes the sac guys a little nervous and they kick up the price a bit, just in a "we've come this far and don't want to lose this thing over a few million" type of thinking. I know when I'm bidding a huge job sometimes something comes in at the last minute that makes me nervous, and I think about all the time I've put into it and usually I end up hedging a bit. But I'm not a billionaire either so maybe these guys are gutsier than that.

Overall though I think it is good news that they even feel they have to try this. You can always count on the maloofs for a last minute cash grab opportunity.

 

[Livinthedream]

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

Worrying about the Hansen group submitting another bid is assuming this decision will only be made based on the purchase price. The league doesn't want to move the franchise, so that is what the Seattle group has to overcome. That part of it is not in Seattle's control. It is within the control of Sacramento and the league. This is ours to win or lose. Of course I think Vivek will do what he needs to do, and we will win.

What I think the Maloofs are trying to do here is get an early look at Sacramento's offer before the BOG meeting so they can try to poke holes in it and create their own spin.

 

[VF21]

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.

Chris Daniels recently or back when Stern came out and said the offer wasn't enough? Stern's latest comment was that the $$ is no longer an issue, and I tend to believe him over Daniels.

 

[VF21]

There is no reason to worry about this. Vivec's group will do what the NBA says. If the NBA says to give them a formal written offer they will do it. If the NBA says not to do it then they won't. Remember the NBA is controlling this now. The Maloofs can spew all they want but they aren't in control right now.

Exactly. All this ultimatum does is expose the Maloofs duplicitous dealings for what they are.

 

[ninjabiscuit]

Yes!

 

[Section 101]

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

the only way hansen can up his deal is to throw out his current one. No way they can get another one done in time and it opens up the NBA to rejecting one as being too late in the process. It would also make future bids by Hansen be susceptible to being redone.

 

[VF21]

the only way hansen can up his deal is to throw out his current one. No way they can get another one done in time and it opens up the NBA to rejecting one as being too late in the process. It would also make future bids by Hansen be susceptible to being redone.

Yep, and Hansen is not going to continue to chase after the Kings if he's convinced it's not just about the money. And since that's what Stern has tried to make pretty clear, I don't see this lasting much longer.

I would love to see Hansen actually withdraw his bid before next Wednesday, but I know that's most likely too much to hope for. I can only imagine how fantastic the last game of the season would be if those attending didn't have the nagging fear in the back of their minds that it might be the last Kings game they ever attend.

 

[VF21]

Im not sure of they can kill the deal or not. But I would see this deadline doing 3 things for the Maloofs.

First, if Sacramento declines to submit an official offer to the maloofs, it would theoretically allow them to make the case that there is only one official offer out there, instead of competing offers, so they would point to that as a reason that the BOG shouldn't kill the only offer they have.

Second, if they get an offer from sac that is equal or higher than Hansen, this could possibly give them a chance for a last minute scramble to have Hansen's bid increased.

Third, if the offer is low, it will give them time to research anti trust litigation options, and hope the threat of that would swing a few votes their way

It's not up to the Maloofs. It's up to the NBA.

 

[Mojo]

Chris Daniels recently or back when Stern came out and said the offer wasn't enough? Stern's latest comment was that the $$ is no longer an issue, and I tend to believe him over Daniels.

I believe this is what he was referring to:

Chris Daniels
@ChrisDaniels5
Source close to #NBAKings negotiations says there is NOT a matching offer to Seattle bid, and numbers are still "way off".
4:31pm - 10 Apr 13

 

[uolj]

Chris Daniels recently or back when Stern came out and said the offer wasn't enough? Stern's latest comment was that the $$ is no longer an issue, and I tend to believe him over Daniels.

There have been reports from various people that the Sacramento bid was still well short of the Seattle bid. Chris Daniels tweeted one such report today. But Sam Amick (I think) has said something similar. Some sources say the bids are equivalent* others say they are way off.


* Important note: Everybody who says the Sac bid is equivalent has been careful not to say that it is a dollar for dollar match. This could mean a lot of things. It could mean that it is the same amount in the Maloofs pocket at the end of the day, it could mean that it is equivalent except that the team would be valuated less in Sacramento so the offer is technically less, it could mean that the money is basically the same but structured in a different way because of weirdness in the Seattle bid. It could also just mean that the money is the same but the Maloofs don't get to keep a piece of the team or something like that. I haven't seen any indication that we know what the differences in the bids are.

 

[Jose]

There have been reports from various people that the Sacramento bid was still well short of the Seattle bid. Chris Daniels tweeted one such report today. But Sam Amick (I think) has said something similar. Some sources say the bids are equivalent* others say they are way off.

The one that matters (Stern) has said that the bid amount(s) are no longer an issue. That's all that matters.

 

[uolj]

Dale Kasler was just on KFBK for a minute.

He basically said that the idea that the Maloofs are entertaining backup offers is not news, that's been known for awhile. This is a request for an official, binding offer. This move could be the Maloofs trying to influence the league decision by saying that only Seattle has a final, binding offer. Or this could be the Maloofs realizing that the Seattle bid might be denied and wanting a binding offer so they aren't left with no deal.


My interpretation: I think he's basically right and this is a combination of those things. I think it's #1 about the Maloofs wanting a binding backup offer in writing so they can't get left holding the team or having to negotiate with Sacramento investors which could potentially reduce what they get. They are also trying to get as much out of the Sac investors as possible, hence all the stuff about the bid having to be equivalent to Seattle or they won't consider it. They want to make sure that if they're forced to take the Sac bid, that they get as much as they can get and at least as much as they would have gotten in Seattle.

Of course, there's a question about how much say they have in all this, but as someone else mentions if the NBA tells Sac to make the bid in writing, they should try to make it. That might be hard because they haven't identified who will have what portion of the team or arena yet and those negotiations amongst the investors themselves take a lot of time. So if the NBA does want a formal, binding offer, that could be a bit of a stumbling block. Still, I don't expect the NBA would ask for anything they don't think can be delivered, because they've been helping Sac all along the way.

 

[uolj]

The one that matters (Stern) has said that the bid amount(s) are no longer an issue. That's all that matters.

I'd say yes and no. I think that Stern's comment is huge and is why the bid sizes are less of a worry than they would be otherwise with the most recent reports. But it's not the final say, there are a lot of things he could have meant by that, and it's even possible the owners disagree and think that differences in the bid, whatever they are, are important.

Remember that one potential reason not to vote against the sale/move is that owners don't want to set the precedent of being forced to take an offer they like less. Any differences are in the bids, even if they are minimal, could affect that type of thinking and could be relevant. Obviously it's a virtual certainty that the bids will be different in some way, so if owners think of them as not equivalent, then it could affect they're vote even if Stern stated that the inadequacy of Sac's first bid is no longer an issue.

 

[Jose]

There's already a binding offer on the table - the Seattle one. The Maloofs, by accepting the deposit, are bound to it. Hansen is bound to it under penalty of losing his deposit. This just makes no sense, unless they:

1. Want a deposit so they can finally start spending some money on whatever else they need to (assuming it's true that they haven't cashed the Seattle check)

or

2. Haven't seen the Sacramento offer (karma!) and want to have it in writing so they can either feel "safe" or they want to see it so Georgie can have another rambling teleconference rejecting the offer, saying how it's bad for the city, etc. etc...

NOTHING GOOD comes out of dealing with the Clowns. I hope KJ/Vivek, ect. tell them "the NBA has it, go talk to Stern if you want"...

 

[Andriod_KiNg]

We better ****ing match, this is all in our hands now, no reason to **** it up. We will get a dollar for dollar match, the Maloofs have must of found out the Seattle bid isn't going through.

 

[LWP777]

this

Maloofs are gonna snake their way out of Sacto

the announcement is giving Hansen an opportunity to one-up

I agree with this 100%. Although I'd love to believe that the Maloofs are "saving face" or they know the vote would go against them I think this is all a ploy to make sure the Sac bid doesn't get accepted. After knowing exactly what the offer is by this Friday, the Hansen group will increase their bid before the BOG vote and also win the Kings.

Remember, don't ever trust the Magoofs!

 

[uolj]

There's already a binding offer on the table - the Seattle one. The Maloofs, by accepting the deposit, are bound to it. Hansen is bound to it under penalty of losing his deposit.

They want a binding backup offer. If the NBA denies the binding offer with Seattle, they want a binding offer they can immediately switch to.

 

[Andriod_KiNg]

They want a binding backup offer. If the NBA denies the binding offer with Seattle, they want a binding offer they can immediately switch to.

So they waited a week before vote ? Do they know something we don't ?

 

[Jose]

They want a binding backup offer. If the NBA denies the binding offer with Seattle, they want a binding offer they can immediately switch to.

I bet they want it binding to the Sacramento group but not to them... I hope we don't play any more games with them.. deal directly with the NBA!

 

[Glenn]

They wanted a something from Sacto immediately after Burkle left the group. There is more to it but I don't see anything negative.

If it is possible to do what they want, I think it would be foolish not to do it. They will feel more like they made a decision and it may avoid legalities. Heck, I don't know.

Of course an offer is not binding to them. It can't be as they already have a contract with someone else. They can't sell the team to two groups at the same time.

 

[Jose]

They wanted a something from Sacto immediately after Burkle left the group. There is more to it but I don't see anything negative.

If it is possible to do what they want, I think it would be foolish not to do it. They will feel more like they made a decision and it may avoid legalities. Heck, I don't know.

Of course an offer is not binding to them. It can't be as they already have a contract with someone else. They can't sell the team to two groups at the same time.

I meant binding as in, if the Seattle deal is rejected they're obligated to take this offer...

 

[Kingsfan23]

They wanted a something from Sacto immediately after Burkle left the group. There is more to it but I don't see anything negative.

If it is possible to do what they want, I think it would be foolish not to do it. They will feel more like they made a decision and it may avoid legalities. Heck, I don't know.

I don't yet see the negative play here either (which doesn't mean it doesn't exist, as I'm usuaully behind), but given its the Maloofs I should know better. I think it has been commonly known at least since the Apr 3 meeting that we do have the money. Seems to me the Maloofs could have done more damage saying we don't want to deal with Sac investors, and by firmly saying we will take backup agreement before the decision could be ok

-edit - ok just understood some of Maloofs angle. BOG may well reject, and they are securing their $$. May be looking to throw a technical wrench in

 

[uolj]

So they waited a week before vote ? Do they know something we don't ?

I'm sure they know a lot we don't know.

But I don't think they need to have some other information for this to happen. If it's looking more and more like the BOG might vote no, even if that's just speculation, it might be enough to push them to make this move now.

 

[ParniValjak]

I think this is a good news for Sacramento. If we ignore the typical Maloof fashion that this has being handled with, the latest development tells me that Maloofs are super nervous here.

They want to screw over Sacramento and sell the team to Seattle. They don't really want to sell to Sacramento but I am betting they have done their calculations and realised that they won't have enough votes for the sale to go through so they are trying to put the pressure on Sacramento to stumble at the final line. The good thing is that they NBA controls the process and as such, they will advise Vivek's group on how to proceed with the latest request.

The key thing I am taking from this is that Maloofs are realising that the NBA BoG is leaning towards blocking the sale to Seattle group and they are in panic mode trying to put the pressure on Vivek's group. Think about it, if I had a binding agreement to sell my franchise to Hansen/Balmer, why would I give a flying **** about what Sacramento does unless I am worried that me sale to Hansen/Balmer will get rejected. Maloofs are scared of getting the sale to Hansen group blocked and they are left with holding the franchise and needing to negotiate with Vivek's group ensuring lesser valuation of the franchise and less money for the Maloofs.

I like this latest development. It shows Maloofs are in panic mode and we all know that is when they make their biggest mistakes. Their mistakes are what is good for us. Not long now people. Maloofs sense that the NBA will say no to their proposed sale to Seattle group.