Down to the wire and other news, rumors, etc.

#31
Not exactly.

The relocation/finance committee (combined) will make their recommendations on the two issues: 1. Should the Sacramento Kings be allowed to move to Seattle, and 2. Should the Maloofs be allowed to sell the Kings to the Hansen/Ballmer group from Seattle.

These are only recommendations, based on all the material the combined committee has obtained from both the Seattle and the Sacramento potential ownership groups. NO deciding vote will be made today.
But if the committee votes for Sacramento it could force Hansen to withdraw his offer.
 
#32
If the committee recommends the move me voted against I wonder how H/B will take it. Will they stay in until the vote or will they drop out in order to get Sacramento time to set up for the draft and hire all scouts and front office.

10-12 days is 10-12 days we could have scouts working on tape of college players. I pretty much know who I want if we pick at 5-7 but I am not sure if the front office has any idea.
 

VF21

Super Moderator Emeritus
SME
#36
So aside from these recommendations today, the BOG can (hopefully not) vote yes to approve the sale anyway?
The assumption is that the full Board of Governors (all 30 owners) will most likely follow the recommendation of the committee, which consists of 12 owners. David Stern has indicated that the vote to approve or disapprove relocation will be held first. If the board votes against the relocation, it is very likely that the Seattle group will withdraw their purchase offer because they want a team in Seattle, not a team in Sacramento. In this case, the Maloofs would be strongly urged to accept the Sacramento offer. The board would then vote to approve the sale to Sacramento.

If the board votes for the relocation, it's game over as there is virtually no chance they would vote yes on relocation but no to the sale to the Seattle group.

I hope this clears it up for you. This is a pretty complex issue that I've tried to summarize. You might want to read some of the other threads for more information.
 

VF21

Super Moderator Emeritus
SME
#37
Dave and Sean did a pretty good breakdown of this article by David Aldridge. They both think, and I agree, that Aldridge may be too focused on revenue sharing and the assumption that Seattle will immediately contribute to the revenue pool while Sacramento would be on the receiving end. Dave brought up the very valid point that this does not consider the potential of the India market to the global revenue pool, increasing the take to all the owners. Just one more reason this is not an easy decision for the owners.

Bottom line for me is that this is still about whether or not the NBA has sufficient reason to take the team away from the city of Sacramento, thus poisoning the public/private partnership concept perhaps beyond redemption.
 
#39
But if the committee votes for Sacramento it could force Hansen to withdraw his offer.
Hansen will not withdraw his offer and lose the ability to go after the $30M deposit he gave the Clowns. The only way he would withdraw is if part of the Sacramento offer is refunding him the $30M (which seems to be the case based on previous reports).
 

HndsmCelt

Hall of Famer
#40
Dave and Sean did a pretty good breakdown of this article by David Aldridge. They both think, and I agree, that Aldridge may be too focused on revenue sharing and the assumption that Seattle will immediately contribute to the revenue pool while Sacramento would be on the receiving end. Dave brought up the very valid point that this does not consider the potential of the India market to the global revenue pool, increasing the take to all the owners. Just one more reason this is not an easy decision for the owners.

Bottom line for me is that this is still about whether or not the NBA has sufficient reason to take the team away from the city of Sacramento, thus poisoning the public/private partnership concept perhaps beyond redemption.
Oh yeah, I actually disagreed with about half of his reasoning, take Buss of the Lakers not so sure she is strong Sea at all. She KNOWS the Kings WERE payers not takers, and can be again easily. More to the point she knows what the rivalry was/is worth. I just like his break down of the players and some of the reasons they might vote one way or the other. Loved the idea of 6-6 vote, although I dread that possibility... but it does show how this whole thng has been such a roller coaster.
 

VF21

Super Moderator Emeritus
SME
#41
Hansen will not withdraw his offer and lose the ability to go after the $30M deposit he gave the Clowns. The only way he would withdraw is if part of the Sacramento offer is refunding him the $30M (which seems to be the case based on previous reports).
It's my understanding the $30M is covered to "make the Seattle group whole" in the Sacramento offer.
 

HndsmCelt

Hall of Famer
#42
Hansen will not withdraw his offer and lose the ability to go after the $30M deposit he gave the Clowns. The only way he would withdraw is if part of the Sacramento offer is refunding him the $30M (which seems to be the case based on previous reports).
Seriously dude go back and read the last 2 months worth of discussion and news. The NBA asked and the Sac buyers agreed to make him whole on the 30 mill IF the back up offer is taken. Hansen WILL pull his offer if the recommendation is to block the move because he will want to be able to come back to buy another team/expansion.
 

VF21

Super Moderator Emeritus
SME
#43
From Twitter:

Aaron Bruski ‏@aaronbruski 1m

Sources w/ intimate knowledge of the situation say SAC has answered all of the NBA's questions to the league's satisfaction.
 
#45
Seriously dude go back and read the last 2 months worth of discussion and news. The NBA asked and the Sac buyers agreed to make him whole on the 30 mill IF the back up offer is taken. Hansen WILL pull his offer if the recommendation is to block the move because he will want to be able to come back to buy another team/expansion.
Seriously dude go back and read my message before you jump at me:

Hansen will not withdraw his offer and lose the ability to go after the $30M deposit he gave the Clowns. The only way he would withdraw is if part of the Sacramento offer is refunding him the $30M (which seems to be the case based on previous reports).
 
#46
Hansen will not withdraw his offer and lose the ability to go after the $30M deposit he gave the Clowns. The only way he would withdraw is if part of the Sacramento offer is refunding him the $30M (which seems to be the case based on previous reports).
If they "vote" for Sacramento meaning the vote is to keep the Kings in Sac then the deal Hansen has is voided. They CAN'T keep the deal out there.
 
#47
If they "vote" for Sacramento meaning the vote is to keep the Kings in Sac then the deal Hansen has is voided. They CAN'T keep the deal out there.
The VOTE... not the recommendation. The OP was saying that if the RECOMMENDATION is in Sacramento's favor hopefully Hansen will pull out before the vote to give the new ownership/management group time to prepare for the draft, etc...

My point was that he would not jeopardize the $30M by withdrawing his offer before the vote nullifies his contract. Only if the Sacramento group is refunding the $30M (which based on previous reports that is part of the deal), then he would be willing to withdraw his offer.
 
#48
The VOTE... not the recommendation. The OP was saying that if the RECOMMENDATION is in Sacramento's favor hopefully Hansen will pull out before the vote to give the new ownership/management group time to prepare for the draft, etc...

My point was that he would not jeopardize the $30M by withdrawing his offer before the vote nullifies his contract. Only if the Sacramento group is refunding the $30M (which based on previous reports that is part of the deal), then he would be willing to withdraw his offer.
My bad. I was thinking you had said in regards to the time between the move vote to the sale vote.

I believe he might pull the offer. Sacramento's binding agreement is contingent on the Sac group paying back that deposit so as long as everyone knows we will make good on it then I don't see it really being an issue. Especially if the whole deal with the NBA is riding on it.

I believe they would drop out. I don't think Sacramento would though.
 
#49
My point was that he would not jeopardize the $30M by withdrawing his offer before the vote nullifies his contract. Only if the Sacramento group is refunding the $30M (which based on previous reports that is part of the deal), then he would be willing to withdraw his offer.
The league will not allow a party to lose $30M if they do not end up with a team. It's not a consideration. Either Hansen gets our team, gets a team, or ends up with $30M back in his pocket. He knows this. It's the NBA, not Craigslist.
 
#50
I want to thank VF and everyone else here who's been keeping up with the Twitter feeds and such for those of us who aren't as connected. I'll be refreshing this thread as often as my work allows through the day! Your efforts are appreciated!
 
#51
And the call is starting... Our future is riding on what all these million/billionaires are discussing over the phone right now. :( #verynervous
 
#54
From Twitter:

Aaron Bruski ‏@aaronbruski 1m

Sources w/ intimate knowledge of the situation say SAC has answered all of the NBA's questions to the league's satisfaction.
If this is true, It seems the NBA has no merit to say Sacramento isn't a viable fit for the NBA anymore. There really seems to be no reason for them to say, "Sacramento isn't fit for the NBA"
 
#57
If this is true, It seems the NBA has no merit to say Sacramento isn't a viable fit for the NBA anymore. There really seems to be no reason for them to say, "Sacramento isn't fit for the NBA"
When was it ever about this? For as long as I could remember it wasn't about whether Sacramento fits or doesn't fit, it was whether or not Seattle was BETTER than Sacramento for the NBA.
 
#58
When was it ever about this? For as long as I could remember it wasn't about whether Sacramento fits or doesn't fit, it was whether or not Seattle was BETTER than Sacramento for the NBA.

No, first and foremost it is about whether Sacramento still deserves its team... This isn't an expansion team where both markets are on equal footing to acquire the Kings, as to the considerations the BOG must look at when determining relocation, Sacramento has to prove deficient
 

VF21

Super Moderator Emeritus
SME
#59
When was it ever about this? For as long as I could remember it wasn't about whether Sacramento fits or doesn't fit, it was whether or not Seattle was BETTER than Sacramento for the NBA.
One of the first things the NBA relocation committee looks at is whether or not the current city still a viable NBA market.
 
#60
When was it ever about this? For as long as I could remember it wasn't about whether Sacramento fits or doesn't fit, it was whether or not Seattle was BETTER than Sacramento for the NBA.
Relocation in NBA terms means the city the team currently is in isn't fit for the NBA anymore. The Sac group answering and satisfying the NBA with everything, how can the NBA come out and say that Sacramento isn't fit anymore