http://www.ocregister.com/articles/city-293869-million-nba.html
"But without Samueli's deep pockets — and it's possible he might also give the Maloofs a substantial personal loan — it's questionable the Maloofs would have the money needed to pay the NBA's hefty relocation fee (likely in the $30 million range) and pay off an existing loan with the City of Sacramento.
The Maloofs inherited the terms of a $70 million loan from the previous Kings owner when they bought the team, and there's a reported $67 million left on the loan, which also stipulates a prepayment penalty of $9 million.
That $76 million would have to be paid in full if the Kings relocate or else the Maloofs would lose their arena and the City of Sacramento would acquire a $25 million stake in the team.
It also is possible the NBA Board of Governors could attach discretionary territorial rights fees for entering the same market as the Lakers and Clippers, though the NBA constitution doesn't call for it.
You get the picture. Samueli, and the anonymous private investors, are making relocation possible for the Maloofs.
"But without Samueli's deep pockets — and it's possible he might also give the Maloofs a substantial personal loan — it's questionable the Maloofs would have the money needed to pay the NBA's hefty relocation fee (likely in the $30 million range) and pay off an existing loan with the City of Sacramento.
The Maloofs inherited the terms of a $70 million loan from the previous Kings owner when they bought the team, and there's a reported $67 million left on the loan, which also stipulates a prepayment penalty of $9 million.
That $76 million would have to be paid in full if the Kings relocate or else the Maloofs would lose their arena and the City of Sacramento would acquire a $25 million stake in the team.
It also is possible the NBA Board of Governors could attach discretionary territorial rights fees for entering the same market as the Lakers and Clippers, though the NBA constitution doesn't call for it.
You get the picture. Samueli, and the anonymous private investors, are making relocation possible for the Maloofs.
Last edited:
