28 minsCarmichael Dave@CarmichaelDave
1st off, Woj report. He's almost got it. Hansen deal isn't 65% of 525. It's 525-30 mil relo-77 city loan - 140 NBA debt.
If this is the case, then the price is $278 million.
28 minsCarmichael Dave@CarmichaelDave
1st off, Woj report. He's almost got it. Hansen deal isn't 65% of 525. It's 525-30 mil relo-77 city loan - 140 NBA debt.
I love all the Twitter updates that some of you post. Please keep it up!
But will one of you Twitter Dees please post what Daniels is saying today for this Twitter Dumb? Or is he conspicuously silent?
I love all the Twitter updates that some of you post. Please keep it up!
I just signed up to get updates on this Kings stuff.![]()
Proclaiming Mastrov as leading the effort to bid on the Kings was a facade for the Maloofs. It's been well documented that they cant stand Burkle and actually have a cordial relationship with Mastrov. Breaking out Mastrov as the man who wants to buy from the Maloofs and Burkle as leading the arena efforts allows the Maloofs to ease on their pre-teen grudges.
We should not worry one bit about capital being an issue here, nor should it be an issue in regards to payroll or anything of that sort. The ownership is being "led" by Mastrov, but it was mentioned how Burkle will still be contributing, just as how Mastrov will be contributing to the arena deal.
Also, Mastrov is easily worth $1.5 bil+. If he was worth $350 mil like some seattlites are saying, how on earth would he bid $420 million on the Warriors?
I love all the Twitter updates that some of you post. Please keep it up!
But will one of you Twitter Dees please post what Daniels is saying today for this Twitter Dumb? Or is he conspicuously silent?
What I hear in response to this news is that Mastrov can't afford the Kings and that in the end all that matters to BoG is Ballmer's big money.
I am not sure if this is based upon any real knowledge or if its just based upon the general cynicism that exists towards the NBA's goodwill.
Funny they aren't complaining that Hansen is worth $350 million. It's Balmer and Norstrom that are the billionaires. Yet it is Hansen that is leading the way.
From what I have heard and read from a bunch of different sources, it doesn't matter how much money the Seattle group has, because it's not an auction. People (especially in Seattle) just don't understand that. As Stern has said, it's not a question of economics. The question is whether the BoG is willing to approve the sale of the team to a group that's going to move the team to Seattle in spite of the fact that there is now a local group willing to buy the team and keep it here.
It's not as simple as "well, Ballmer and Hansen have more money, so they win." It's way more complicated than that, luckily.
It's also not as simple as saying "but they already paid $30M to guarantee everything." There are lots of ways of handling that, including the Mastrov group paying the Hansen group back for that. It's kind of debatable in my mind whether that mattered anyway, since it wasn't the Maloofs or the Hansen group that was going to decide whether the team could relocate.
The other one that people seem to focus on is that the Seattle group has submitted an offer to the Maloofs that has been signed. That fact also doesn't mean much...if the BoG says "wait a minute," then things will change.
Scott Howard cooper and the nbatv analysts talking about the offer and talking about how it's unlikely BOG denies Hansen/balmer despite the Sacramento efforts. Typical big media stuff but it would be nice to start seeing people outside sac having some confidence.
Is Seattle really that special?
The perspective of Seattle fans us that the NBA unfairly screwed them so they are confident that the NBA will unfairly screw Sacramento both to "right a wrong" and to get the team into a bigger market with a huge pocketed owner.
I understand their view, bolstered by the fact that the Maloofs reached a deal with the Hansen/Ballmer group first.
But leaving a small market with huge fan support and (more importantly) a plan for a new arena with significant public dollars would not be in keeping with the BOG's past decisions AND would set a horrible precedent.
If big money ownership trumped all Ellison would own the Warriors. And if deals struck by outgoing owners is all that mattered the T'Wolves would have relocated. I honestly think the odds are very much in Sacramentos favor if they can get the arena deal worked out to the BOG's satisfaction.
Scott Howard cooper and the nbatv analysts talking about the offer and talking about how it's unlikely BOG denies Hansen/balmer despite the Sacramento efforts. Typical big media stuff but it would be nice to start seeing people outside sac having some confidence.
This website has the worst sarcasm detector and sense of humor I have ever seen. It was a joke.
The battle for the Sacramento Kings was formally joined early Friday. Mark Mastrov and Ron Burkle submitted to NBA headquarters their proposal to buy the Kings and keep the team from moving to Seattle. In the weeks to come, they will join Mayor Kevin Johnson in presenting the league with a companion proposal to build a new arena at the site of ailing Downtown Plaza.
Still, it's far from certain that Mastrov and Burkle can pry the team from Seattle investors Chris Hansen and Steve Ballmer, who have even deeper pockets and a deal in place to purchase the Kings from the Maloof family.
I am somewhat sad that Adelman is under contract with Minnesota because in my opinion he would be absolutely perfect for this team!
Adelman oversaw 8 straight playoff participations. He gets fired and they haven't been to the playoffs since. Not only that but every single hire was lousy. Musselman, Reggie, Natt, Westphal and Smart were all on the Maloofs' watch and not surprisingly, none of them have taken the Kings to the playoffs.
yep. Occam's razor.