HereWeBoogie
Hall of Famer
i think after this weeks NBA meetings, the reccommendation they make will leak and we will know which side they are leaning toward
A new week and other news, rumors, etc.
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i think after this weeks NBA meetings, the reccommendation they make will leak and we will know which side they are leaning toward
From Twitter:
JayMarZZ JayMarZZ @JayMarZZ 4h
#Funfact did you know the Maloofs tried to buy the Spurs in 1996 from then chairmen Robert McDermott??? However...
JayMarZZ JayMarZZ @JayMarZZ 4h
One of the teams 22 owners, a guy named Peter Holt (you may have heard of him) saw the Maloofs as "carpetbaggers" & the rest of the board...
JayMarZZ @JayMarZZ 4h
rejected to sell to the Maloofs for that very reason... Holt felt the M's were going to try and relocate the Spurs... Weird, right???
JayMarZZ JayMarZZ @JayMarZZ 4h
#Funfact did you know the Maloofs tried to buy the Spurs in 1996 from then chairmen Robert McDermott??? However...
JayMarZZ JayMarZZ @JayMarZZ 4h
One of the teams 22 owners, a guy named Peter Holt (you may have heard of him) saw the Maloofs as "carpetbaggers" & the rest of the board...
JayMarZZ @JayMarZZ 4h
rejected to sell to the Maloofs for that very reason... Holt felt the M's were going to try and relocate the Spurs... Weird, right???
HndsmCelt
Hall of Famer
If that's true I love it! Guess Holt would be on our side... now start bending arms for us!
Interesting article about the history between Sacramento and the Maloofs with regards to the arena:
NBA shouldn't buy Maloofs version
NBA shouldn't buy Maloofs version
HereWeBoogie
Hall of Famer
well i think its safe to say that the Maloofs reputation has only gotten worse since 96. lol
Hallama
Starter
That was a great article, something every King (and Seattle) fan should read. A lot of the problems that NBA owners and Seattle proponents have been citing are directly related to the Maloof's bungling since 2006.
Gary
All-Star
Oops... My post didn't make any sense. I meant to say that hopefully Holt's opinion of the Maloofs has gotten worse over time or at the very least stayed the same. I really hope he's on our side because another small market team shouldn't turn against us like that.
So, if that's true about the 1996 attempt by the Maloofs to buy a team with the full intent of moving them to a larger market, it seems pretty clear what their intent was all along with regards to Sacramento. If THE TEAM hadn't shot to the top, this might have come to a head a lot sooner.
All of a sudden, a lot of the questionable decisions made by the Maloofs start to make sense. Trading Webber had a lot of debate, but if you're trying to submarine a fanbase, you take away the player who gets them out of their seats the most. You lowball the "heart" of the franchise so he ends up finishing out his career in LA and not Sacramento. You move Doug Christie out, because the fans truly admire him. You trade Peja, another fan favorite, for a walking disaster like Ron Artest...and you do it by letting your SF find out about it via ESPN. You don't renew the contract of the beloved coach and, instead, bring in an endless string of losers. You get rid of the WNBA Monarchs and you do it with malice aforethought, not allowing an interested buyer to pick up the franchise. You fire Jim Kozimor and Kayte Christensen, two perennial fan favorites.
Looking back, it's not any one decision. it's the accumulation of all of them that paint the picture on the wall. And yes, some of those decisions came via Geoff Petrie but NONE of them would have been made without the approval and probable encouragement of the Maloofs...
All of a sudden, a lot of the questionable decisions made by the Maloofs start to make sense. Trading Webber had a lot of debate, but if you're trying to submarine a fanbase, you take away the player who gets them out of their seats the most. You lowball the "heart" of the franchise so he ends up finishing out his career in LA and not Sacramento. You move Doug Christie out, because the fans truly admire him. You trade Peja, another fan favorite, for a walking disaster like Ron Artest...and you do it by letting your SF find out about it via ESPN. You don't renew the contract of the beloved coach and, instead, bring in an endless string of losers. You get rid of the WNBA Monarchs and you do it with malice aforethought, not allowing an interested buyer to pick up the franchise. You fire Jim Kozimor and Kayte Christensen, two perennial fan favorites.
Looking back, it's not any one decision. it's the accumulation of all of them that paint the picture on the wall. And yes, some of those decisions came via Geoff Petrie but NONE of them would have been made without the approval and probable encouragement of the Maloofs...
LPKingsFan
All-Star
This is what happened when the Nets changed hands, I believe.
From Twitter:
Carmichael Dave @CarmichaelDave 1h
Hearing all good things. Like buying a GIANT house. This is the boring part. Faxing docs, verifying this and that. Our deal is being vetted.
Carmichael Dave @CarmichaelDave 1h
And so far the vetting process has turned up zero hiccups. We should know on Friday how this thing goes.
Carmichael Dave @CarmichaelDave 13m
Lots of questions about Stern saying today official answer 1st week of May. True. But committee rec SHOULD leak this Fri. THAT'S your answer
Carmichael Dave @CarmichaelDave 1h
Hearing all good things. Like buying a GIANT house. This is the boring part. Faxing docs, verifying this and that. Our deal is being vetted.
Carmichael Dave @CarmichaelDave 1h
And so far the vetting process has turned up zero hiccups. We should know on Friday how this thing goes.
Carmichael Dave @CarmichaelDave 13m
Lots of questions about Stern saying today official answer 1st week of May. True. But committee rec SHOULD leak this Fri. THAT'S your answer
Carmichael Dave @CarmichaelDave 3m Either way, I think everyone should stock up on booze and clear their schedules this weekend. Personally,I think it will be a happy drunk.
HereWeBoogie
Hall of Famer
my birthday is saturday. so im way ahead of Dave on that plan. hopefully there is much more to celebrate on saturday then just my birthday
Peter_Gibbons
Starter
Stern was a guest on Collin Cowherd's show this morning and he said a decision would come for sure "1st or 2nd" week of May.
Mine is a week later on 5/4. I'll take an early birthday present from Stern!
Glenn
Hall of Famer
I think this deal is ours to lose. If there are no hiccups, we are not losing. I think it's that simple.
As many have said, the NBA has an investment in stability, an investemnt in keeping teams where they are. Teams don't develop an identity if they move. We can talk of the Thunder as a great team but they have no identity, no past, no historical rivals, etc. Something is lacking that only time will solve. Soooooo, the NBA wants the Kings to stay in Sacramento. That's the default position. To move away from the default position, you need to find hiccups.
I think the move will be easier to deny than the choice of owners despite the fact it takes less votes to deny ownership to Hansen. Both ownership groups are solid.
As many have said, the NBA has an investment in stability, an investemnt in keeping teams where they are. Teams don't develop an identity if they move. We can talk of the Thunder as a great team but they have no identity, no past, no historical rivals, etc. Something is lacking that only time will solve. Soooooo, the NBA wants the Kings to stay in Sacramento. That's the default position. To move away from the default position, you need to find hiccups.
I think the move will be easier to deny than the choice of owners despite the fact it takes less votes to deny ownership to Hansen. Both ownership groups are solid.
The Hammer
All-Star
Gary
All-Star
Qualcomm founder gives $133M to NYC tech school
http://news.yahoo.com/qualcomm-founder-gives-133m-nyc-143223463.html
NEW YORK (AP) -- A burgeoning graduate school aimed at reinventing higher education's relationship with high tech is getting a $133 million gift from a professor-turned-entrepreneur who used his engineering background to help build a major telecommunications company, officials announced Monday.
The gift from Qualcomm Inc. founding chairman and former CEO Irwin Jacobs will endow an innovation institute at the core of Cornell NYC Tech, an elite graduate program that's meant to link academia and entrepreneurship while helping make New York a high-tech hub. Students are to be linked with tech-industry mentors, and the campus will rent space to companies, in an effort to help research get into the market. MORE MORE MORE MORE MORE MORE MORE...
Seems pretty nice of them to do this.. It's good to know that our future owners family has this kind of money to donate
http://news.yahoo.com/qualcomm-founder-gives-133m-nyc-143223463.html
NEW YORK (AP) -- A burgeoning graduate school aimed at reinventing higher education's relationship with high tech is getting a $133 million gift from a professor-turned-entrepreneur who used his engineering background to help build a major telecommunications company, officials announced Monday.
The gift from Qualcomm Inc. founding chairman and former CEO Irwin Jacobs will endow an innovation institute at the core of Cornell NYC Tech, an elite graduate program that's meant to link academia and entrepreneurship while helping make New York a high-tech hub. Students are to be linked with tech-industry mentors, and the campus will rent space to companies, in an effort to help research get into the market. MORE MORE MORE MORE MORE MORE MORE...
Seems pretty nice of them to do this.. It's good to know that our future owners family has this kind of money to donate
kennadog
Dog On It!
I've suspected for a while now that they intended to move the team as soon as they got majority ownership in 1999. It just so happened that they lucked onto the best time period in the Sacramento Kings' history, so stayed around to suck up all the money and celebrity they could.
As soon as the ride was over, they started to dismantle the team and its been downhill ever since. Yes, the ran into economic problems, but they were dismantling this franchise before all that trouble hit. Their financial problems just made them desperate and conniving.
Geoff
Starter
but move it where, and why?
Jose
Bench
Las Vegas, for obvious reasons.
Latest from Ailene Voisin...pretty much what we've been saying.
Ailene Voisin: Stern's legacy will be tied with Kings'
Read more here: http://www.sacbee.com/2013/04/24/53...-legacy-will.html#storylink=cpy#storylink=cpy
I did find one part interesting and hopeful for the employees:
I'm hoping this refers to the people who coordinate ticket sales, the press relations crew (the ones I've dealt with over the years are INCREDIBLE) and all the other important people that do all those unsung but very important jobs.
Ailene Voisin: Stern's legacy will be tied with Kings'
Read more here: http://www.sacbee.com/2013/04/24/53...-legacy-will.html#storylink=cpy#storylink=cpy
I did find one part interesting and hopeful for the employees:
I'm hoping this refers to the people who coordinate ticket sales, the press relations crew (the ones I've dealt with over the years are INCREDIBLE) and all the other important people that do all those unsung but very important jobs.
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Glenn
Hall of Famer
I haven't been following this stuff as closely as usual as it is swinging on details that could drive a person crazy yet the #2 article on Yahoo, #2 not of sports but of all their stories was an article on the Maloofs try to purchase San Antonio in 1996 and other crap they have pulled. I know it has been mentioned but it is nice to se this getting national attention. Just in time, I would say.
http://www.sbnation.com/nba/2013/4/24/4260412/san-antonio-spurs-maloofs-peter-holt
http://www.sbnation.com/nba/2013/4/24/4260412/san-antonio-spurs-maloofs-peter-holt
Gary
All-Star
Glenn
Hall of Famer
Except their sponsorship sales people because obviously the Maloofs fired them years ago
That quote is very telling that people should cool it in looking for new jobs. Almost every department including their scouting department has been stripped bare also hence we end up with TRob.
I am very confident but then there is nothing like having that in writing, is there?
HndsmCelt
Hall of Famer
Tim Montemayor @TheMontyShow 18m
There is an effort to satisfy both cities in the #NBAKings saga: I am told there is a plan being talked about where #Seattle would .
...get an expansion team in 2014/2015 and most of the requirements for that process are already met through the current situation
There is an effort to satisfy both cities in the #NBAKings saga: I am told there is a plan being talked about where #Seattle would .
...get an expansion team in 2014/2015 and most of the requirements for that process are already met through the current situation
Hallama
Starter
Just do this, NBA. Stern gets a double bonus going away legacy present; saving the Kings and getting a team back in Seattle.
Padrino
All-Star
that's certainly the dream scenario. really, it's a utopian kinda scenario, which is why it's so hard to imagine. "fair" is rarely a word that applies in matters such as these, but it would be quite lovely to see sacramento rewarded for its herculean effort when faced with the potential of losing their team, and seattle rewarded for its diligence in the wake of losing their team...
This situation was bound to create animosity between the fanbases with the more loud and toxic voices on either side taking to Twitter and message boards it has been hard not to be resentful of the other side. I don't even check Carmichael Dave's Twitter for info because his back and forth with Seattle proponents is often distasteful (by both sides unfortunately) at a time when I want resolution and not more conflict.
But while we hate the fact that he's gone after our team, I can't really say anything bad about Chris Hansen or his motives. He wants to bring the team he loves back to the city he grew up in and so he made an offer on a team. The Seattle ownership group is incredible and they have a great plan for an arena. I would hate it with every fiber of my being if the NBA approved the sale of MY Kings to them, but an expansion Sonics team? I'd love that if the Kings fate didn't hang in the balance.
I hope there's really something to this.
HndsmCelt
Hall of Famer
With much due respect to both The Funk and Kingston, I have o disagree. I have no idea what his motives are but I can criticize Hansen for his tactics and even his mindset. As a hedge fund Pirate he has treated this like a hostile take over, and does NOT seemed to have gone to the NBA for advice on getting a team or moving them. Instead he scoured the sewers for the slimiest owners in the league and while the rebuffed local offers and claimed they had no intention to sell the team, he worked a out a deal to pay them off, get hem to help move the team. He loaded the deal with neat little legal traps like the non-refundable deposit, and low-baling the minority owners so he can NOT overpay for the 100% Worse yet he set up a film flam privily funded arena deal the hinges on 2 things he may well suspect he cant get. An NHL team and a pass on Washington States I-90 law. So if you are looking for praise for Hansen, don't look to me for it.
But I too hope this rumor has truth to it. It really is a the simplest and BEST solution to the problem.
FYI: In response to the questions about my distaste for Hedge Fund Pirates. These are NOT just successful businessmen. If you don't know how a HF operates it is an very sortied tale, and those who play in that cesspool by choice and necessity are some of the most vicious in the business world, blurring he lines between business and crime completely. The Harvard Business Journal has a nice article on he problem here:http://blogs.hbr.org/cs/2010/12/how_hedge_funds_create_crimina.html
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