Maloofs Have Given til 5PM Friday for Back Up Offer From Sac Group!!
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I personally don't think it will be over within a week. We might know what the NBA is planning to do by then BUT there is still this case of Maloofs actually selling to Sacramento group which could drag on for a little while because Maloofs are not about to make this an easy transaction. in perfect world, NBA says they are unlikely to support the sale/relocation request, Hansen pulls out of the deal and Maloofs sell to Vivek's group and it's all over and done it pretty quickly.
In reality, this won't be over for well after April 19. There might be intent for the team to stay in Sacramento but I am not counting my chicken before the Maloofs make it official and are officially out of the NBA. Only then can we breathe a sigh of relief. Until then, don't get your hopes up that this will be an easy transaction.
In reality, this won't be over for well after April 19. There might be intent for the team to stay in Sacramento but I am not counting my chicken before the Maloofs make it official and are officially out of the NBA. Only then can we breathe a sigh of relief. Until then, don't get your hopes up that this will be an easy transaction.
I don't disagree with anything you've said but there are hard deadlines that will be impacted. Adam Silver mentioned as much after the presentations when Stern warned it might stretch past April 19. Silver said that it couldn't stretch out too long because of schedule preparation for the 2013-2014 season.
Very plausible. Given that Chris Daniels was hinting at some issues between some of the owners and Stern, I don't think it's votes about Hansen's offer. I think the issue lies on the expansion question between Stern and some owners. This would be the point in time where they have confirmed both cities offers are solid. Now it's about getting enough votes from owners on expansion. No need to spend more time checking up on Hansen and the Sac group. They know pretty well what they have there.
Probably was Hansen's primary objective to begin with in going after the Kings. Either way he comes out with a team. Might also explain they Stern said it might take some time to get this sorted out.
Probably was Hansen's primary objective to begin with in going after the Kings. Either way he comes out with a team. Might also explain they Stern said it might take some time to get this sorted out.
Yeah, jalfa probably neant Google Alert. But Google Alarm is just what it says. It's an alarm from Google. What makes it special is that since Google is everywhere it can find you wake you up no matter where you are. On the couch taking a nap? The TV turns on and wakes you up. Fall asleep studying at your desk? Your computer starts beeping at you. Nod off while on the toilet? Google flushes for you as a courtesy and an alarm. It's pretty amazing.
In other news:
This is unconfirmed. If it's true it's another indication that the Sac bid has a good shot of winning.
I don't know exactly what to make of it otherwise, though. If Hansen was dumb enough to give a non-refundable fee, why should Sac have to pay him back.
Then again, that could be the difference between the offers and the NBA thinks that Sac covering that fee makes them truly equivalent.
This is unconfirmed. If it's true it's another indication that the Sac bid has a good shot of winning.
I don't know exactly what to make of it otherwise, though. If Hansen was dumb enough to give a non-refundable fee, why should Sac have to pay him back.
Then again, that could be the difference between the offers and the NBA thinks that Sac covering that fee makes them truly equivalent.
I'm leaning toward this interpretation. This may not come to a vote. Hansen backs out. Maloofs accept Vivek's offer. The end.
But the part that bothers me on this is the Friday deadline. What's the point of that? Is this just last minute chest thumping? If an offer comes in 24 hours prior to the BOG, that seems like plenty of time to me. It's not going to be advanced physics to run through the numbers on this. I can't help but smell a rat in all this. With the Maloofs, it's hard to know if you are dealing with the stupid Maloofs or the dishonest Maloofs, or a combination of both.
But the part that bothers me on this is the Friday deadline. What's the point of that? Is this just last minute chest thumping? If an offer comes in 24 hours prior to the BOG, that seems like plenty of time to me. It's not going to be advanced physics to run through the numbers on this. I can't help but smell a rat in all this. With the Maloofs, it's hard to know if you are dealing with the stupid Maloofs or the dishonest Maloofs, or a combination of both.
That would make sense if the reports that the Sac offer was intentionally 30 mil short because they assumed the Maloofs would/could keep the 30 mil from Hansen. This makes more sense if the NBA is persuading Hansen to drop the offer, and the BM to take the Sac offer.
Kingster: The deadline may be about wanting this done and settled BEFORE the Kings last home game. If the League is going to keep the team in Sacramento the last thing they want or need is another debacle (from their perspective) like the last game 2 years ago when fans filled the court, the on air announcers cried and fans were left hanging. I know there are other timetables in play that may not accommodate the season here, but if what Stern sees IS the Kings staying as an inevitability, then having the season end on a high note is the BEST thing the league can do for the the new owners and the PR it creates in Sac might overshoe the doom and gloom up in rain town.
Kingster: The deadline may be about wanting this done and settled BEFORE the Kings last home game. If the League is going to keep the team in Sacramento the last thing they want or need is another debacle (from their perspective) like the last game 2 years ago when fans filled the court, the on air announcers cried and fans were left hanging. I know there are other timetables in play that may not accommodate the season here, but if what Stern sees IS the Kings staying as an inevitability, then having the season end on a high note is the BEST thing the league can do for the the new owners and the PR it creates in Sac might overshoe the doom and gloom up in rain town.
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Different source same story: The argument seems to be the NBA wants the 30 mil deposit covered by the Sac buyers to that Hansen does not take a hit. This would pave the way to either relocation of a different team (Bucks?) or possible expansion.
http://m.sportsbusinessdaily.com/Daily/Morning-Buzz/2013/04/11/NBA-Kings.aspx
http://m.sportsbusinessdaily.com/Daily/Morning-Buzz/2013/04/11/NBA-Kings.aspx
Sure, have the Sac team match Seattle's offer MINUS $30M, the Clowns can keep Hansen's deposit, the Sac team makes Hansen whole by giving him the $30M they didn't give the Clowns... sure, why not? Like someone else said, maybe the rumors that Sac's offer was $30M less than Seattle are true, and that's the reason? NBA may be telling Hansen "back out, get your money back, let Sac keep their team and we'll hook you up". Everybody wins.
Who knows what they expected, but I find it hard to believe guys of their caliber got into bed with the Maloofs with out doing their homework. I suspect Hansen and Balmer were never all that confident that THIS deal would go down. It was unprecedented in many ways and they had to know Sac would fight back. However, by making a above the top offer, getting an arena deal in place they upped their odd and maybe more importantly sent the NBA (and the individual owners) a clear signal that they were serious, they wanted a team, could make it happen and had a big bag of cash. So when another opportunity come in the next few years they cut to the front of the line. Of course the Maloofs loved it beceause it allowed them to strong arm local buyers and leverage out at least an extra 50-100 million.
That's a very interesting interpretation. It makes a lot of sense and I sure hope it happens that way. It does imply though that the NBA was aware of this latest ultimatum ahead of time and maybe even behind it because they thought it best for the PR of the league. Correct me if I'm wrong, but I haven't heard that the NBA knew anything about this ultimatum. If they didn't know about the ultimatum ahead of time, then I lean to the idea that this is the last desperate attempt by the Maloofs to have some control over a process in which they are mere spectators.
It seems like this is another terrible PR move by the Maloofs because of this element of ultimatum in their recent demand. If they left the ultimatum out of it, kept it low key, asked to get the back-up offer in time for the last game for reasons that you describe, then they come out of this looking much better. As it is, they still look like whiny children throwing the tantrum at the very end when they can't get their way.
It seems like this is another terrible PR move by the Maloofs because of this element of ultimatum in their recent demand. If they left the ultimatum out of it, kept it low key, asked to get the back-up offer in time for the last game for reasons that you describe, then they come out of this looking much better. As it is, they still look like whiny children throwing the tantrum at the very end when they can't get their way.
Today's sports business publications are reporting the NBA is behind this and that the NBA has asked for completed offers by Friday including the 30 mil. Here is one of the links again. http://m.sportsbusinessdaily.com/Daily/Morning-Buzz/2013/04/11/NBA-Kings.aspx
My feeling Stern (NBA) wants this:
Kings to stay in Sac with new ownership/arena.
Seattle to get a team within 1-2 years with a great ownership group.
The NBA probably has a short list of current NBA owners that have their hands up for the $525 valuation, so they are not worried about not awarding the Kings to Seattle. In a strange way, the Maloof's may make the NBA a stronger business by their antics.
Kings to stay in Sac with new ownership/arena.
Seattle to get a team within 1-2 years with a great ownership group.
The NBA probably has a short list of current NBA owners that have their hands up for the $525 valuation, so they are not worried about not awarding the Kings to Seattle. In a strange way, the Maloof's may make the NBA a stronger business by their antics.
That would be unfortunate. Just kicking this nightmare down the road to dump on another fanbase. I've said before and will say again this will never truly end until the league sucks it up and expands. They already did "expand", they just didn't realize what they were doing when they created OKC as an NBA market. From that day forward there have been 31 NBA markets and only 30 teams. The extra market capacity means that teams are always going to be in danger of being pillaged by whichever NBA market doesn't currently have one, and that will go on and on until you finally match the number of teams to the number of NBA markets. Proven NBA markets I should say to distinguish this from the Virginia Beach situation.
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