Latest on VA Beach: VB council votes 9-2 for arena project
- Thread starter Mike0476
- Start date
Mike0476
Starter
I didn't want to be the one to say it as I just quoted the article but they never mentioned the words "non-binding" in their article. #JustSaying
Section 101
All-Star
Am I missing something here? How can they sign anything without the BoG relocation approval?
Trueblood
Bench
They can first sign the lease deal but then it has to go through BOG approval. If it gets rejected by the BOG, the lease becomes voided. The Maloofs would most likely take the league to court and then it would get interesting.
Circa_1985_Fan
All-Star
I doubt they have lived here for quite some time now...George probably told them they have to move.
Circa_1985_Fan
All-Star
We can only hope this happens...David Stern's lawyers are better than the Maloof's...and I'm sure their lawyers will be fittingly from Va. Beach, just like their puppet guy from Anaheim that said Sacramento's arena plan wasn't good for Sacramento.
Section 101
All-Star
I don't think they ever signed on the Anaheim deal. They were waiting for BoG approval first.
Section 101
All-Star
Here is another thought. If they sign the deal does that make the city bonds come due?
I'm sure some city attorney has looked into that very angle.
Man wouldn't it just be fitting if the maloofs strung VA Beach all the way along and then refused to sign knowing that it would make the bonds come due. I can't remember the exact language but I'm sure Kennadog has posted it here at least once. Maybe I can find it.
Jose
Bench
They will not sign anything until after the season is over. If the "Kings" are revealed as the potential tenant, they will use the same line they've used before - saying that their heart is in Sacramento, they want to stay, etc. etc... but they have to be responsible business people and listen to other offers and opportunities, bla bla bla. But they REALLY want to stay!!!!
They will then request an extension of the filing deadline until the season is over (or at least until the last home game), citing that the VB deal/plan is still in progress or incomplete and needs some more time, milk the Sacramento fans for every dollar they can, THEN go to the BOG looking to relocate.
All the while people here go crazy, fill the arena to "show support", further financing the Maloof's departure while they laugh all the way to the bank.
They've done it before, they will do it again. They'll play with the system and milk the fans here for every dollar they can. It's all about $$$ ....
Section 101
All-Star
I doubt they give them an extension this time after what happened last time. Nothing has changed on Sacramento's side. The parking to pay for the arena is still available.
Jose
Bench
They were given an extension before because the Anaheim plan was incomplete, and also to give them one last shot at sitting down with the city (Sacramento) to see if things could work out.
The same argument could be made here... VB plan is incomplete, one last shot for Sac... same circumstances. The NBA would have to approve it, or it could be used for ammo when/if the Maloofs sue them.
Kingsfan23
All-Star
Time to stop being dismissive, there is starting to be a lot of smoke here
No matter how much smoke there is, the deal can't go down without the Governor of Virginia including $150M from the state budget to go towards the deal. He has already said that he won't do that. Game over before it started? Sounds like it. Beyond that, there are hurdles like the relocation committee. But hey, panic if you want.
Kingsfan23
All-Star
Capt., I agree that there is still a minimal chance of the notion of the Virginia Beach Kings ever seeing the light of day. Just meant that I have went from outright laughing at the matter to curious if there is something at all going on
Trueblood
Bench
They never got around to it because the BOG convinced them to stay in Sacramento but in other situations, it happens the other way around.
George Shinn and Ray Woolridge signed a lease deal in New Orleans and then the 5 month relocation process started up.
Same with OKC. Bennett had a deal lined up with OKC before the trial that led to a deal that led to the Sonics leaving to OKC.
kennadog
Dog On It!
They'd be stupid businessmen to sign anything binding at this point in time. Or, at the very least, it would have to be binding only upon VB meeting certain requirements, such as having 100% of the financing committed for an acceptable arena. No team is going to move to a city only to find out, "oops" we can't build you an arena after all.
Widowmaker2k
Bench
These are the Maloofs we're talking about. They've already turned a large fortune into a small one. At some point, they're going to run out of daddy's money and be forced to sell the team. Which city will they be in when that happens?
Okay, I have to share..., I read your post, looked at your avatar, and immediately pictured Joe and Gavin jumping off a cliff, yelling "Oh sh**!"
Widowmaker2k
Bench
Okay, I have to share..., I read your post, looked at your avatar, and immediately pictured Joe and Gavin jumping off a cliff, yelling "Oh sh**!"
I literally laughed out loud at this (to the point that my friend asked me what I was laughing at). I honestly just re-watched the movie yesterday. "You just keep thinking George, that's what you're good at."
kennadog
Dog On It!
I know. I pretty much thought the same thing, even as I was typing my comment.
