Dominoes startng to fall and other latest news, rumors, etc.
- Thread starter VF21
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As much as I detest and loathe George Maloof, there was really no other answer he could give.
Had he said, for example, "We still support Chris and Steve but hey, if that doesn't work we have no problem dealing with Sacramento" he would have opened himself up to a lawsuit from Hansen and Ballmer. They do have a binding agreement, at least until tomorrow, so even if they're hedging their bets behind the scenes, they're not going to admit it.
We've known for years that it's easy to tell when the Maloofs are lying ... their lips are moving.
Had he said, for example, "We still support Chris and Steve but hey, if that doesn't work we have no problem dealing with Sacramento" he would have opened himself up to a lawsuit from Hansen and Ballmer. They do have a binding agreement, at least until tomorrow, so even if they're hedging their bets behind the scenes, they're not going to admit it.
We've known for years that it's easy to tell when the Maloofs are lying ... their lips are moving.
Any bet that at some point AFTER the relocation vote, the Maloofs come out with a statement along these lines:
"We dealt with the Hansen/Ballmer group in good faith. However, since the NBA has voted against our request to relocate the team and sell it to Hansen/Ballmer, we are glad that Sacramento was able to bring a group together to both purchase the team and secure their future in Sacramento. We have always had the utmost respect for Kevin Johnson and the fans and are grateful for the time we spent as owners of the Sacramento Kings. We wish them all every success in the future."
Of course, what' they're really saying is, "Ha, suckers! We found a shill to jack up the price and get you fools to pay us optimum money! Later!!!"
"We dealt with the Hansen/Ballmer group in good faith. However, since the NBA has voted against our request to relocate the team and sell it to Hansen/Ballmer, we are glad that Sacramento was able to bring a group together to both purchase the team and secure their future in Sacramento. We have always had the utmost respect for Kevin Johnson and the fans and are grateful for the time we spent as owners of the Sacramento Kings. We wish them all every success in the future."
Of course, what' they're really saying is, "Ha, suckers! We found a shill to jack up the price and get you fools to pay us optimum money! Later!!!"
Nah, it will be a statement attempting to save face. Something along the lines of "After numerous attempts to secure a future for the team in Sacramento, we had no choice but to pursue a sale to out of state interests. The Sacramento community finally stepped up and came together with a viable alternative to keep the team in town and the NBA, after evaluating the alternatives, decided that the team should not be relocated. We are very happy blah blah blah, grateful blah blah blah... some chest thumping about contributions to the community... blah blah blah... Congrats to Sacramento and Kings fans blah blah blah..."
In essence, it will still mean "Ha, suckers! We found a shill to jack up the price and get you fools to pay us optimum money! Later!!!" - but they'll present it as if they had tried SO HARD to work it out in Sacramento and had no choice but to take the outsider's offer. Because, after all, it is OUR fault and not theirs.
In essence, it will still mean "Ha, suckers! We found a shill to jack up the price and get you fools to pay us optimum money! Later!!!" - but they'll present it as if they had tried SO HARD to work it out in Sacramento and had no choice but to take the outsider's offer. Because, after all, it is OUR fault and not theirs.
I guess it depends on weather or not they decide to play nice in the hope that some day their BS will be forgotten by some sports league and they may get a piece of some NHL team. OR if they decide "Hey we are done in sports anyway and Ballmer is paying the freight so why no take a shot at another $65 mill with a law suite.
If he believes this, it points to being delusional (which has been suggested before). The Kings are an NBA franchise. Therefore, the NBA does have some significant say in who owns the franchise. Does he really not understand that owning an NBA franchise is different than owning an independent business?
What reality does the Magoofs live in? They can not sell to who ever they want! It needs to be approved by the BOG.
The sac group should put a time frame on the price they are willing to pay. If the magoofs do not agree to sell the team to sac group within 3 days, of the Bog relocation vote, then the price goes down $10million per day, capped at $400 million total valuation.
There you go Georgie, you can sell the team to whoever and whenever
you want! Just not Hansen and ballmer!
The sac group should put a time frame on the price they are willing to pay. If the magoofs do not agree to sell the team to sac group within 3 days, of the Bog relocation vote, then the price goes down $10million per day, capped at $400 million total valuation.
There you go Georgie, you can sell the team to whoever and whenever
you want! Just not Hansen and ballmer!
Bryan May's Most Recent Tweets
“Just had the longest talk I've had with George Maloof in over a year. He said they've never said they wouldn't sell to Sac group”
“George also told me Chris Hansen "still has a shot at this. A very real shot."
“When I asked him how he thinks tomorrow's meetings will go, he said quick. "It's going to be a lot to talk about, bap, bap, bap."
“George said he has only met Vivek once, and still hasn't talked to Sacramento ownership group.”
“George said what all of NBA has been saying, that expansion is not likely. "It's very complicated. Very, very complicated."
“I asked George why they agreed to 20% backup offer. "It's a way for them (H/B) to get into the league."”
“I asked George, if BoG votes down 65%, wouldn't they also vote down 20%. "I can sell to whoever I want to."”
“George said he doesn't think he will sit in on Sacramento presentation during BoG tomorrow.”
“George: "If it's only a matter of a few million, that's one thing, but if the offers are far apart it's a different story."”
“Bottom line from my conversation with George Maloof, I don't think this thing is over tomorrow. Maybe some resolution, but not all.”
“Let me say again, George was very adamant that they never said they wouldn't sell to Sacramento ownership group.”
“Just had the longest talk I've had with George Maloof in over a year. He said they've never said they wouldn't sell to Sac group”
“George also told me Chris Hansen "still has a shot at this. A very real shot."
“When I asked him how he thinks tomorrow's meetings will go, he said quick. "It's going to be a lot to talk about, bap, bap, bap."
“George said he has only met Vivek once, and still hasn't talked to Sacramento ownership group.”
“George said what all of NBA has been saying, that expansion is not likely. "It's very complicated. Very, very complicated."
“I asked George why they agreed to 20% backup offer. "It's a way for them (H/B) to get into the league."”
“I asked George, if BoG votes down 65%, wouldn't they also vote down 20%. "I can sell to whoever I want to."”
“George said he doesn't think he will sit in on Sacramento presentation during BoG tomorrow.”
“George: "If it's only a matter of a few million, that's one thing, but if the offers are far apart it's a different story."”
“Bottom line from my conversation with George Maloof, I don't think this thing is over tomorrow. Maybe some resolution, but not all.”
“Let me say again, George was very adamant that they never said they wouldn't sell to Sacramento ownership group.”
George is still being George. If I have the sequence of events right, both sides will give a closing argument presentation to the board. The BoG will then vote on the relocation, which should be rejected. At that point, the Kings are no longer a mobile franchise. They're a team that has to stay in Sacramento.
if Hansen/Ballmer don't withdraw their offer, the BoG votes again, this time on the sale itself. We'll assume the sale is also turned down, which will then make the HBN offer moot.
Only at that point, does the Sacramento offer enter the picture. Since the team is no longer mobile, which has already been determined, then the fair market value of the team is not the artificially high amount set forth by HBN and matched by Sacramento in their counter-offer. It is most likely much less, but that will not even be considered. Sacramento has an offer on the table to buy the team at an amount that the league has deemed equal to the Seattle offer. George will not really have any more bargaining left to do.
I hope this comes to an end tomorrow and a part of me hopes it ends with David Stern calling for a vote from the BoG to approve the Sacramento offer. If the Maloofs don't go along, I hope he has the paperwork ready to enforce the sale with the "best interests of the league" clause.
if Hansen/Ballmer don't withdraw their offer, the BoG votes again, this time on the sale itself. We'll assume the sale is also turned down, which will then make the HBN offer moot.
Only at that point, does the Sacramento offer enter the picture. Since the team is no longer mobile, which has already been determined, then the fair market value of the team is not the artificially high amount set forth by HBN and matched by Sacramento in their counter-offer. It is most likely much less, but that will not even be considered. Sacramento has an offer on the table to buy the team at an amount that the league has deemed equal to the Seattle offer. George will not really have any more bargaining left to do.
I hope this comes to an end tomorrow and a part of me hopes it ends with David Stern calling for a vote from the BoG to approve the Sacramento offer. If the Maloofs don't go along, I hope he has the paperwork ready to enforce the sale with the "best interests of the league" clause.
