Maloofs Have Given til 5PM Friday for Back Up Offer From Sac Group!!
- Thread starter macadocious
- Start date
- Status
I agree that the Sac group wouldn't try to lower their offer, we all know how many times the Maloofs have backed out of deals at the last minute in the past few years. I can see why they would expect it from others.
Personally, I think that the Maloofs have been talking to the other owners and don't like what they are hearing in return. Now they are trying save face at the last minute. And as usual, are going about it in a very bad way.
Personally, I think that the Maloofs have been talking to the other owners and don't like what they are hearing in return. Now they are trying save face at the last minute. And as usual, are going about it in a very bad way.
More here: http://www.king5.com/news/Growing-rift-between-NBA-commish-and-league-owners-202429701.html
Not quite sure who thought Stern wanted the team to ever move, but now even the Seattle side sees that he supports Sacramento.
Not quite sure who thought Stern wanted the team to ever move, but now even the Seattle side sees that he supports Sacramento.
I never said it would happen but this is what Maloofs THINK is a possible scenario and are trying to guard against it! I fully expect the Vivek's group and Sacramento to go though with the offer put forward because they want this over and done with and unlike Maloofs are honourable in their business dealings.
EDIT:
Dale Kasler @dakasler 11m
Mayor on offer to Maloofs: "They know the number." No breakdown in communication; says he doesn't know why they issued ultimatum
Dale Kasler @dakasler 10m
Mayor: "Money is not the issue - our group has stepped up" with bid for #NBAKings
Dale Kasler @dakasler 49s
Mayor says Sacto owner group is "abiding by the process" laid out by NBA and is regularly talking to Maloofs' reps.
EDIT:
Dale Kasler @dakasler 11m
Mayor on offer to Maloofs: "They know the number." No breakdown in communication; says he doesn't know why they issued ultimatum
Dale Kasler @dakasler 10m
Mayor: "Money is not the issue - our group has stepped up" with bid for #NBAKings
Dale Kasler @dakasler 49s
Mayor says Sacto owner group is "abiding by the process" laid out by NBA and is regularly talking to Maloofs' reps.
Last edited:
Still sounds like we aren't matching the offer. I know I keep getting killed over this but its a simple thing to state and would at least put that part to bed. There is enough working against us that I believe if we had matched, kill that whole complaint. I'm guessing we are still getting cute with the numbers by factoring in the deposit or some other debt/relocation cost. Annoying because so much potential misinformation is flying around and this is the biggest one.
My only PR thought on it is that we know we don't match up as well on things like market, tv deal, luxury tax potential, relocation fee, etc so we are stringing this thing along to distract from those issues. I just think from a BOG standpoint, it looks weaker to me.
I want this to be over so badly. Hopefully a week or two then good news.
My only PR thought on it is that we know we don't match up as well on things like market, tv deal, luxury tax potential, relocation fee, etc so we are stringing this thing along to distract from those issues. I just think from a BOG standpoint, it looks weaker to me.
I want this to be over so badly. Hopefully a week or two then good news.
It is obvious that the Brothers Maloof (BM) want a little sweetener to the deal. So the way I see it it is now up to Carmichael Dave. He needs to throw the RV in to the deal. That way the BM can shuttle back in forth from LA to Vegas in style and once they have lost all the money on hookers and blow the BM can park the RV in Blyth and live in it.
So you still think that Vivek Ranadive and his group have come this far without knowing what they need to do to get the job done? Think of it like a game of Texas Hold-Em. You may want to see their hole cards and the opposition may be claiming they're bluffing, but that doesn't mean they're not holding a pair of aces. People in the know including DAVID STERN have come right out and said the numbers are no longer an issue.
I may have a number of concerns, but I'm not worried that an ownership group putting up close to $1 billion in total for this project is going to risk losing it over what amounts to chump change.
I may have a number of concerns, but I'm not worried that an ownership group putting up close to $1 billion in total for this project is going to risk losing it over what amounts to chump change.
So why not just say we've matched? You don't lose anything since the maloofs, hansen/ballmer, relocation committee and presumably the BOG have already seen the offer. It just looks like we either can't afford to go that high or don't think the market is worth it. When two of the major arguments we are making is that it's just as good or better a market than Seattle and that our ownership group can compete with the big boys, why weaken your position by playing this pointless game of peek a boo?
And to build on your hold em analogy, if I tell a guy the ante is $50, I want to see the 50 not have him hand me an envelope with a wink and tell me it's close to what you need
And to build on your hold em analogy, if I tell a guy the ante is $50, I want to see the 50 not have him hand me an envelope with a wink and tell me it's close to what you need
Last edited:
It's clear we're never going to have the same POV on this and that's fine.
You seem to be much more concerned with public perception while I'm more confident that the ownership group doesn't care about public perception at this point. KJ hasn't made a misstep yet. This whole campaign has been done with precision and cunning. The point about our market being as good or better than Seattle isn't relevant in this argument IMHO. Our ownership group can compete with the big boys. If they couldn't, Stern would have pulled the plug.
I guess our basic difference of opinion is you view them not saying we've watched the offer as weakening our position. I view it as not having to reveal the exact offer publicly. The relocation/finance committee knows what it is. The Maloofs want to know the exact amount so they can prepare their "we're being robbed if we're forced to take a lesser amount" argument in case the BoG votes against them. This isn't about what the Maloofs want to know or need to know. It's about a very well-organized campaign headed up by some incredible strategic minds. Georgie Maloof is clearly out of his element and I think he's close to full-blown panic mode.
You seem to be much more concerned with public perception while I'm more confident that the ownership group doesn't care about public perception at this point. KJ hasn't made a misstep yet. This whole campaign has been done with precision and cunning. The point about our market being as good or better than Seattle isn't relevant in this argument IMHO. Our ownership group can compete with the big boys. If they couldn't, Stern would have pulled the plug.
I guess our basic difference of opinion is you view them not saying we've watched the offer as weakening our position. I view it as not having to reveal the exact offer publicly. The relocation/finance committee knows what it is. The Maloofs want to know the exact amount so they can prepare their "we're being robbed if we're forced to take a lesser amount" argument in case the BoG votes against them. This isn't about what the Maloofs want to know or need to know. It's about a very well-organized campaign headed up by some incredible strategic minds. Georgie Maloof is clearly out of his element and I think he's close to full-blown panic mode.
If the Maloofs know the number, then they shouldn't be making any comments. They have a binding agreement with Hansen subject to NBA approval and Hansen paid $30 million to keep the Maloofs from bargaining with anyone else. Unless I'm mistaken - always possible - that's one of the reasons the Sacramento group has been dealing directly with the NBA. This whole thing just smacks of Georgie Maloof crazytalk.
Frankly, I don't care that much about winning the public perception battle. The point is that everyone pertinent (the league, the Maloofs, Hansen) know the offer. Why not just settle it publicly if its a win for us? It only makes the overall private AND public discussion stronger in our favor and I believe that does potentially influence the final decision makers (the BOG).
Perhaps, but another way to interpret this is it is precisely Stern and the BOG behind it.
In other words, the BOG doesn't want to tell a sitting owner who they can and can't sell to, not officially. But in this case they are telling the Maloofs they damn well might. So what does the NBA do? They talk to Seattle about the expansion option, ask them if they back out of their deal with the Maloofs will they accept expansion as an alternative? Then the NBA goes to the Maloof and tells them, not asks, TELLS them, contact Sacto if you want your money. If Sacto matches Hansen, then bring it to the BOG, and we'll approve it and you'll have your pound of flesh, and good riddance. If it happens, Hansen abruptly pulls out of the offer, the Maloofs then switch over and accept Sacto's offer. And then all the BOG has to do is accept the sale without ever officially voting against the Maloofs sale to Hansen. Hence, no precedent they don't like, but they still get the right result.
In other words, the BOG doesn't want to tell a sitting owner who they can and can't sell to, not officially. But in this case they are telling the Maloofs they damn well might. So what does the NBA do? They talk to Seattle about the expansion option, ask them if they back out of their deal with the Maloofs will they accept expansion as an alternative? Then the NBA goes to the Maloof and tells them, not asks, TELLS them, contact Sacto if you want your money. If Sacto matches Hansen, then bring it to the BOG, and we'll approve it and you'll have your pound of flesh, and good riddance. If it happens, Hansen abruptly pulls out of the offer, the Maloofs then switch over and accept Sacto's offer. And then all the BOG has to do is accept the sale without ever officially voting against the Maloofs sale to Hansen. Hence, no precedent they don't like, but they still get the right result.
Your probably pretty much right there. I suspect that the players have been burning up the phone lines since the presentations last week. So now they have some idea who is on their side and who is not. Once more than 8 owners refused to pick up the phone for the BM's or Hansen they saw the writing on the wall. Now they realize they need to get their plan B covered, and they want to juice the offer and lock it in.
This is so confusing.
David Stern did say differences between offers would not be an issue. I was also under the impression it would come down to arena specifics and details. Sacramento was told earlier in the process it needed to up its offer- and it did.
After going thought this thread and a couple of articles- is this some kind of negotiating ploy by the Maloofs? Are they trying to get a few more million added to their backup plan?
How much influence do they actually have? Both sides have presented offers to the BOG. Who they sell to comes down to a vote by the other owners.
I don't rate the Maloofs all that highly. I doubt anyone on this site would. But they speak english, and are of adult age, so you would expect some of their statements to make sense.
David Stern did say differences between offers would not be an issue. I was also under the impression it would come down to arena specifics and details. Sacramento was told earlier in the process it needed to up its offer- and it did.
After going thought this thread and a couple of articles- is this some kind of negotiating ploy by the Maloofs? Are they trying to get a few more million added to their backup plan?
How much influence do they actually have? Both sides have presented offers to the BOG. Who they sell to comes down to a vote by the other owners.
I don't rate the Maloofs all that highly. I doubt anyone on this site would. But they speak english, and are of adult age, so you would expect some of their statements to make sense.
- Status