Best news yet! Deal is done!
- Thread starter VF21
- Start date
This has been a phenominal last 2 days.
When Stern said that he would talk with the Maloofs about getting a deal done I had confidence that we'd see a sell to the Vivek group shortly.
The fact that it happened the next day says a lot about the support that Sacramento has received from David Stern and the NBA through-out this whole process.
I find it interesting that so many people were shocked that the NBA 'choose' Sacramento, but I truly believe that from the League's perspective this whole mess should never have happened in the first place. Had the Maloofs acted in good faith with the NBA and the City of Sacramento and not pulled out of the agreed-upon arena deal, Seattle would never had come into the picture. This is a critical item that seems to be missed by everyone in the national media.
Anyway, I had taped both play-off games and was watching the Spurs/GS game when all-of-a-sudden, late in the game, I see the ticker read that a deal had been reached. Just a wonderful moment.
My wife has been wanting to buy me some new Kings gear (as I have really worn my stuff down ragged), but ever since they pulled out of the arena deal I haven't wanted to spend a penny on their stuff, so it will be nice to get some new gear once the ownership transition has completed.
Another thing which has me really excited is the timing of everything. An agreement in principle has been established and what is fantastic is that all of the big-name coaches are still in play. You continue to see teams (with head coach vacancies) saying that they are interested, with a follow-up that the coach in question has turned them down.
Now I'm not saying that we're some sort of celebrity destination, but you don't have a chance at a coach if they are already locked up.
And the fact is, especially for everyone watching the play-offs, if you have a dominant offensive big (Cousins) and a physically dominant two-way guard (Tyreke) you have a chance to build something that can contend in the playoffs. So I do think that there will be some interest from high profile coaches to look at the roster and take a shot, especially if the new ownership group is going to open up the purse and make the proper decisions. (Potentially amnesty Salmons, go after a big-name FA, ect.)
Anyway, this is a wonderful time to be a Sacramento Kings fan. I honestly believe that fantastic times are ahead and I'm proud of everyone who stuck with the team through what has been a really, really tough last couple of years.
When Stern said that he would talk with the Maloofs about getting a deal done I had confidence that we'd see a sell to the Vivek group shortly.
The fact that it happened the next day says a lot about the support that Sacramento has received from David Stern and the NBA through-out this whole process.
I find it interesting that so many people were shocked that the NBA 'choose' Sacramento, but I truly believe that from the League's perspective this whole mess should never have happened in the first place. Had the Maloofs acted in good faith with the NBA and the City of Sacramento and not pulled out of the agreed-upon arena deal, Seattle would never had come into the picture. This is a critical item that seems to be missed by everyone in the national media.
Anyway, I had taped both play-off games and was watching the Spurs/GS game when all-of-a-sudden, late in the game, I see the ticker read that a deal had been reached. Just a wonderful moment.
My wife has been wanting to buy me some new Kings gear (as I have really worn my stuff down ragged), but ever since they pulled out of the arena deal I haven't wanted to spend a penny on their stuff, so it will be nice to get some new gear once the ownership transition has completed.
Another thing which has me really excited is the timing of everything. An agreement in principle has been established and what is fantastic is that all of the big-name coaches are still in play. You continue to see teams (with head coach vacancies) saying that they are interested, with a follow-up that the coach in question has turned them down.
Now I'm not saying that we're some sort of celebrity destination, but you don't have a chance at a coach if they are already locked up.
And the fact is, especially for everyone watching the play-offs, if you have a dominant offensive big (Cousins) and a physically dominant two-way guard (Tyreke) you have a chance to build something that can contend in the playoffs. So I do think that there will be some interest from high profile coaches to look at the roster and take a shot, especially if the new ownership group is going to open up the purse and make the proper decisions. (Potentially amnesty Salmons, go after a big-name FA, ect.)
Anyway, this is a wonderful time to be a Sacramento Kings fan. I honestly believe that fantastic times are ahead and I'm proud of everyone who stuck with the team through what has been a really, really tough last couple of years.
I shrieked really loud a couple of times when I saw the news. Good thing the neighbors didn't call the cops. 
Talking to the Mayor's assistant at the airport about getting the arena built now. He said, "Oh it'll get built."
By the way, there are several possible levels of environmental review. It is definitely not out of the ordinary for it to take a year. One of the reasons the legislature has been struggling over finding ways to speed up the process.
Anyway, it feels so good to be able to go back to just talking about basketball and OUR Sacramento Kings.
I'm in Vf21's realm. The Kings will be here till I'm 100 years old or near it. For me, though, the best part is they will be here until my grandkids are gown-ups and maybe have kids of their own.
Talking to the Mayor's assistant at the airport about getting the arena built now. He said, "Oh it'll get built."
By the way, there are several possible levels of environmental review. It is definitely not out of the ordinary for it to take a year. One of the reasons the legislature has been struggling over finding ways to speed up the process.
Anyway, it feels so good to be able to go back to just talking about basketball and OUR Sacramento Kings.
I'm in Vf21's realm. The Kings will be here till I'm 100 years old or near it. For me, though, the best part is they will be here until my grandkids are gown-ups and maybe have kids of their own.
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Unbelievable! Can't believe I was asleep when the news broke (although it was after 4am for me!). So elated to keep the Kings in Sacramento and thrilled you all of you in Sacramento. Now let's sell out Sleep Train until the new arena is built and show Vivek and the team our support!
Good times are coming our way. We finally have the possibility of being competitive again. It's a good day
Good times are coming our way. We finally have the possibility of being competitive again. It's a good day
I'm not too sure about that... the greedy weasels walk out with $300M -their share of $535M plus Hansen's $30M deposit (Hansen said "no thanks" to the offer to refund it).
Sure, they would have loved to stick it to Sacramento but in the end all they wanted was lots of MONEY. And they got that - way more than their asset was really worth.
https://twitter.com/ChrisMannixSI/status/335406278300033024
@ChrisMannixSI
League sources say owners offered to pay Hansen-Ballmer group the $30 million non-refundable deposit they paid the Maloofs. They declined
@ChrisMannixSI
League sources say owners offered to pay Hansen-Ballmer group the $30 million non-refundable deposit they paid the Maloofs. They declined
Good things this week:
1. Kings are staying in Sacramento.
2. Kings are getting new, better owners.
3. Sacramento is getting a brand new, state of the art arena.
4. Downtown Sacramento is getting a ton of new development headed its way.
After #1 the best part is #4. Looking forward to seeing the new downtown in a few years.
1. Kings are staying in Sacramento.
2. Kings are getting new, better owners.
3. Sacramento is getting a brand new, state of the art arena.
4. Downtown Sacramento is getting a ton of new development headed its way.
After #1 the best part is #4. Looking forward to seeing the new downtown in a few years.
And new owner Mark Friedman is the first one of their group to bring up publicly what we've been saying. He says he can't wait for the day when we raise Kevin Johnson's #7 jersey to the rafters of the new arena.
Dave says there will be a statue of the mayor outside the arena, and i agree with that, too. (Carmichael Dave was selected by KJ to be the last speaker today.)
This is an incredible day for kings fans. We are witnessing history - both for the Kings and for Sacramento.
What a feeling.
Dave says there will be a statue of the mayor outside the arena, and i agree with that, too. (Carmichael Dave was selected by KJ to be the last speaker today.)
This is an incredible day for kings fans. We are witnessing history - both for the Kings and for Sacramento.
What a feeling.