Maloof Plan B rumors and other news, etc.

[Gary]

Just trying to play devils advocate here.

But cant Maloofs then sue? If I am the Maloofs, they just got 75 million more now which is almost 20 more percent of what they are getting before today.

Or is the bottom line, its too late?

The deals are in, it's too late. The deals have been reviewed. This last minute posturing (saying that they'll raise the bid by x amount of money) is just Seattle being Seattle. It's pretty much the same reason they lost the team in the first place. They are like children, and everyone outside of Sacramento knows this now. The other owners can see this as well. They're throwing money and screaming and stomping at a problem that can't be solved in that way and it just makes them look stupid.

This latest escapade is also posturing. If anyone think the Maloofs can keep a team in Sacramento and actually attend the games then they're crazy. The Maloofs are not welcome here and it will take them a pretty big security escort just to watch games if they wanted to.

 

[PurpleHaze]

Pathetic puke punks !!!

 

[Ryan]

wow i suppose we all expected no less at this point....

More important, KJ and co expected this. I'm taking a moment to acknowledge how crazy this is getting.

Okay, back to reality. We still have this. The end.

 

[Gary]

This doesn't frighten me at all. The NBA isn't going to be strong armed by a couple outsiders and the Maloofs tool bag. After everything the league has done to facilitate the local SAC ownership group keeping its team they're not going to allow these extreme last second moves to change the outcome. To do so would project an image of weakness for the NBA and they're not going to allow that to happen. The BOG is reconvening In order to reaffirm that they will enact the "best interests of the league" clause. It's comin.

Agree...
1. Sacramento's money is in escrow
2. NBA enacts "best interest" clause
3. NBA pays the BMs the cash to get out
a) maybe forgive loans if they don't sue?
4. Gives the team to Vivek

After that it's the Maloofs and Hansen against the NBA. It won't matter for us, but we should still support the NBA in all of this. They are the ones that kept the Kings here.

 

[VF21]

From Twitter (read bottom to top):

Carmichael Dave ‏@CarmichaelDave 3m

Enjoy your Mother's Day weekend and be with family. Great week ahead for us. Have KJ and @Vivek let us down ONCE?? Why doubt them now.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 4m

Shake your head. Smile. Pity them. Really. Not the fans fault. Know that YOU will have the NBA next year and they will blame Stern and co.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 5m

There's no anti trust win. No major lawsuit. Nothing to see here. Let them enjoy their last few days of "triumph" and then a life of bitter.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 5m

Relax. Have a beer. Let the poor Seattle cheesy poofers have the last little bit of e-fun. Let them all be lawyers and claim stupid things.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 6m

Why in God's name WOULDN'T you want the 12-14th largest market ALREADY IN the NBA when you negotiate? Because the NBA won't be railroaded.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 7m

One last thing. You know how the NBA keeps saying expansion is off the table till AFTER the TV deal? Think for a second. Read next.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 7m

Connect the dots people. Stop trippin. I get it, but this thing was over at 7-0. Money will be in escrow. This is just a Seattle ploy. Sad.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 8m

Tim Frank didn't have to go on record to say the 4-3 relo rumor was a TOTAL FABRICATION. He did. And they know Thiel's source was HBN.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 9m

The NBA will not allow 65, 20, or 7% to be sold to HBN. They don't want the team moved. Now the NBA is truly pissed off.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 9m

None of this will matter. The Maloof ploy to sell 20% if this is turned down? They are all freaking out, they see the writing on the wall.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 10m

A 60 mil difference? Remember, that's to MOVE the team. Where HBN miscalculate is the values are HIGHER if it stays in the smaller market.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 11m

Also remember there is HUGE resentment of the Maloofs by owners/NBA. They have ZERO motivation to help line their pockets.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 11m

HBN are basically trying to force their way into the boys club in the last year for stern. You think the owners are ok with that?

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 12m

The ORIGINAL raise was never matched or even ACKNOWLEDGED by the NBA. It's not a bidding war. Remember Arison's direct messages.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 13m

Vivek and co continue to follow the path laid out before them by the NBA. Hansen and Ballmer are kicking and screaming and I don't blame em

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 13m

This was known by both the NBA and the locals as late as Thursday. Thus the cryptic "no matter what happens" tweet.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 14m

Ok. Just got off the golf course. About to BBQ for my inlaws. Here's my take if you care.

 

[VF21]

More from Twitter:

Carmichael Dave ‏@CarmichaelDave 5m

“@kevin_welling: @CarmichaelDave NBA can call for repayment of credit line debt, too, right?” DING

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 6m

It's folly to think when the HBN group is slapped away, that the Maloofs will just "hold on".They will cash out,and right quick. #LogicPeeps

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 7m

The Maloofs will be told there's ZERO chance of the team moving. GOOD LUCK finding another group paying 525 to KEEP the team in Sacramento.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 7m

Oops. Forgot. If the Maloofs don't sell? Simple. Leverage? Gone. No sponsors, no attendance, and Vivek keeps lowering his price.

Tim Montemayor Tim Montemayor ‏@TheMontyShow 11m

I am told there is a "call" regarding this situation on Monday morning and that "this in no way surprising to those who know the #Maloofs"

Tim Montemayor Tim Montemayor ‏@TheMontyShow 20m

"If the #Sacramento group is as strong as they say this will have no impact on their process …keep your head down and keep going" #NBAKings

Tim Montemayor Tim Montemayor ‏@TheMontyShow 23m

4 ppl in the last 15 mins hv said "David will have to evoke his power to act in the best interest of the league" ...word for word #NBAKings

 

[Turgenev]

Maloofs will only sell to Seattle group.

This is really tiresome. What jerks.

The Maloofs current behaviour is short sighted and self sabotaging. Although obviously not out of character. One can only conclude that the rationale for their actions comes from conversations with a talking mirror.

 

[VF21]

People need to step back from the ledge. Remember when everybody said the last few days before the actual vote would be the worst as far as rumors and potential for panic are concerned? Well, look at the calendar.

Now, use your brains. Do you really think all these last-minute desperation attempts are going to sway the BoG TOWARDS Hansen/Ballmer? Those people have now exposed their lack of soul and willingness to break all rules in the pursuit of what is best for THEM, not what is best for anyone else OR THE NBA. That's not gonna fly, folks.

More from Twitter:

Carmichael Dave ‏@CarmichaelDave 1m

In the end, as funny as it sounds? The ONLY thing HBN have accomplished in the last 24 is to make this deal EASIER for owners to pick Sac.

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 5m

I'm most excited that I have a whole slew of new tweets to favorite from a whole NEW group!!! #yay

Carmichael Dave Carmichael Dave ‏@CarmichaelDave 7m

It's folly to think when the HBN group is slapped away, that the Maloofs will just "hold on".They will cash out,and right quick. #LogicPeeps

 

[KingsFanSince85]

One that is really bothering me: Both groups have submitted bids that have already been vetted and are being considered by the league. Everybody had to sit on their hands for the past 2 weeks and wait while they evaluated the two proposals.

Why on earth is either group able to make changes on the fly? That's like submitting your final exam then asking to make changes to some of the answers once word leaks that you might not pass. Why should any ammendments be considered? Furthermore, why have this 2 week downtime rather than vote right away? It seems to me that all this 2 week delay did was help the group that was losing so that they could act on the information that was being leaked. Not only that, if it took 2 weeks to consider everything that had already been submitted, how can they possibly evaluate the newest developments without further delay?

The NBA's commissioner promised that this wouldn't turn into a bidding war. I surely hope he keeps his word. This constant changing of the rules is not a good or fair way to do business. If the Seattle group wanted the team this badly, they should have bid a $650M valuation and promised to pay into the league revenue sharing program from the beginning and we might not be talking about this right now. But they didn't. The league has been evaluating their original offer for several weeks now and they shouldn't be permitted to change the rules a few days before the final vote is held. This isn't an EBay auction.

 

[Turgenev]

Secondly, as I've already pointed out, the Maloof family would have no legit argument that they lost money in the deal. This additional "volunteered" money is only now on the table because the Sacramento group decided to fight to keep the team and the NBA decided to allow them to do so. If the Sacramento group sat on their hands and made no attempt to try to keep the team and if the NBA decided to ignore their efforts and rubber stamp the original deal, the seller's would have never been offered this additional money.

So, considering all of that, what would their case be against the Sacramento group and/or the NBA?

Yes completely agree. Law is outside of my area of expertise. But your points make strong sense.

Until two days ago, the Maloofs were guaranteed a positive outcome. Sell to Sac owners for a price well beyond what the franchise is worth. Why must they go down some other route? Greed! Vanity? Bitterness?

Anything other than politely accepting the Sacramento offer and following the NBA's directions destabilises a process that was going well for them. They will burn additional bridges with powerful business men and politicians.

it is upsetting that such people exist. Although it is comforting to know they will never be able to escape themselves.

 

[VF21]

We needed a new thread for this.

You were a couple of hours late with this breaking news, meaning it was already well under discussion in the other thread. I've gone back and broken out all the discussion on "Plan B" so it's not segmented.

 

[KingsFanSince85]

Maloofs will only sell to Seattle group.

If it wasn't obvious to everybody before, the latest ESPN report regarding the seller's latest stance/comments, if true, makes it abundantly clear that it's not all about the money with them. Their refusal to sell to a group intending to keep the team in Sacramento, even when offered a competitive or equal deal, demonstrates that this is a personal issue that extends beyond standard business practices.

The Maloof family has not so tacitly implied that they are more than willing to sell their 53% share of the team for $278.25M, as long as the buyer doesn't intend to keep the team in Sacramento.

Is the NBA going to allow BS kindergarten tactics to influence what happens to one of their franchises?

 

[gunks]

Agree...
1. Sacramento's money is in escrow
2. NBA enacts "best interest" clause
3. NBA pays the BMs the cash to get out
a) maybe forgive loans if they don't sue?
4. Gives the team to Vivek

After that it's the Maloofs and Hansen against the NBA. It won't matter for us, but we should still support the NBA in all of this. They are the ones that kept the Kings here.

This. H/B are trying to **** with the BOG and Stern, teaming up with the Magoofs? Good luck with that fellas.

Stern is about to go all Godfather on their butts. Kinda bums me out, living in Seattle, all I'm seeing is H/B messing up a chance to get a team up here at a later date. Where the hell were these guys when The Sonics got jacked?

 

[VF21]

All this crap is Maloofian skullduggery at its finest. Georgie is trying to put forth the impression that he and the BM are still in the driver's seat. They have no idea they were kicked to the curb the minute they announced they had a deal with Seattle. It's not about the Maloofs any longer. They have created such a toxic atmosphere for themselves now that they will be lucky if they even see the inside of an arena again.

The more of this that comes out, the better it is for Sacramento. They and Hansen are now the talk of the league and very little of that talk is anything close to positive. Even discussion that was once non-committal has been swinging to Sacramento's side because nobody likes a bully and nobody likes seeing a bazillionaire try and screw over a whole city so he can have a new toy.

We got this, folks. We got this in spades. And, once the announcement is official, we can finally wave goodbye to the BM and to any future need to discuss Chris Hansen or Steve Ballmer. Just a few more days...

 

[VF21]

This. H/B are trying to **** with the BOG and Stern, teaming up with the Magoofs? Good luck with that fellas.

Stern is about to go all Godfather on their butts. Kinda bums me out, living in Seattle, all I'm seeing is H/B messing up a chance to get a team up here at a later date. Where the hell were these guys when The Sonics got jacked?

If you read "Seattle history according to hoopster," (in the "Sonics POV thread"), you might be surprised that people living in Seattle apparently didn't notice all the efforts Ballmer made to acquire the Sonics. Only problem is, he tried to buy the team back from Bennett just before they actually left. Talk about a lack of a sense of timing...

 

[Glenn]

we only have untill next wednesday, im not worrried

I am. This is nuts and we don't know how nuts the BoG is. That's a problem for me. Anyway, I understand the committee is going to have another meeting and I presume it's primarily to make an official vote on whether the Maloofs can sell any portion of the Kings to Hansen. Of course they want to see if the committee is solid on the relocation vote but I don't see that changing.

If Arison's tweet exchange is the feelings of everyone of the BoG, we are still in good shape. It's difficult not to feel a bit rattled. THIS IS NUTS. Now Hansen is throwing money to all the owners. Will the owners enjoy the idea that Hansen and the Maloofs think they can be bribed? Is everybody for sale or are there principled owners? I am not confident on the latter.

 

[Gary]

I am. This is nuts and we don't know how nuts the BoG is. That's a problem for me. Anyway, I understand the committee is going to have another meeting and I presume it's primarily to make an official vote on whether the Maloofs can sell any portion of the Kings to Hansen. Of course they want to see if the committee is solid on the relocation vote but I don't see that changing.

If Arison's tweet exchange is the feelings of everyone of the BoG, we are still in good shape. It's difficult not to feel a bit rattled. THIS IS NUTS. Now Hansen is throwing money to all the owners. Will the owners enjoy the idea that Hansen and the Maloofs think they can be bribed? Is everybody for sale or are there principled owners? I am not confident on the latter.

I have a feeling that the day of the vote the NBA is going to come out and say "enough is enough". It was a 29-0 vote to keep the Kings in Sacramento (do Maloofs get a vote? If so 29-1) and the vote was 29-0 (or 1) to sell the team to Hansen. They are going to come out and announce them both at once. They are going to look pretty pissed off when they do because of the crap that the BM and H/B are trying to pull here.

Then after all that we might have a year where Vivek does not own the team. That part will be in flux with the NBA and the Maloofs. Sooner or later the Maloofs accept and then Vivek gets the Kings sometime in early 2014.

That's how I see this playing out.

 

[Glenn]

Pathetic puke punks !!!

Yes. My son just came over with his new wife. They both had been discussing the Maloofs on the way over. These guys are slime and so is Hansen. I guess we all knew that but in my biased way of thinking, they are only making it more obvious to the league.

What do the Maloofs have against us???? It boggles my mind how ANYONE can treat such a devoted group of people so poorly. I sure hope the NBA sees this for what it is and actually the unwillingness of the Maloofs to have anything to do with Sacramento baffles the crap out of me. OK, fess up. Which of you buggered Mama Maloof?

 

[SacKings384]

The NBA is going to have some serious issues. At the end of the day they could be in violation of anti-trust laws, as they're potentially costing the Maloofs some serious cash. Will be interesting to see how this shakes out.

 

[LPKingsFan]

Just trying to play devils advocate here.

But cant Maloofs then sue? If I am the Maloofs, they just got 75 million more now which is almost 20 more percent of what they are getting before today.

Or is the bottom line, its too late?

Yes, but the only reason the offer was raised was because Sacramento stepped up. Vivek's matching makes them as whole as they would have been if their original deal with Hansen had gone through.

EDIT: KingsFanSince85 beat me to it--what I get for not reading the whole thread before posting!

 

[SacKings384]

Yes. My son just came over with his new wife. They both had been discussing the Maloofs on the way over. These guys are slime and so is Hansen. I guess we all knew that but in my biased way of thinking, they are only making it more obvious to the league.

What do the Maloofs have against us???? It boggles my mind how ANYONE can treat such a devoted group of people so poorly. I sure hope the NBA sees this for what it is and actually the unwillingness of the Maloofs to have anything to do with Sacramento baffles the crap out of me. OK, fess up. Which of you buggered Mama Maloof?

They don't have anything against the fans of Sacramento. They have something against missing out on $75 million dollars. Don't forget that they're facing some serious financial troubles after the Madoff scandal.

 

[VF21]

I am. This is nuts and we don't know how nuts the BoG is. That's a problem for me. Anyway, I understand the committee is going to have another meeting and I presume it's primarily to make an official vote on whether the Maloofs can sell any portion of the Kings to Hansen. Of course they want to see if the committee is solid on the relocation vote but I don't see that changing.

If Arison's tweet exchange is the feelings of everyone of the BoG, we are still in good shape. It's difficult not to feel a bit rattled. THIS IS NUTS. Now Hansen is throwing money to all the owners. Will the owners enjoy the idea that Hansen and the Maloofs think they can be bribed? Is everybody for sale or are there principled owners? I am not confident on the latter.

I think the final meeting is so that Hansen cannot claim later that he was not given one last opportunity to address the board.

I'm not worried any longer. The DM from Micky Arison said it all - it's always been about Sacramento proving we could do what needed to be done to ensure the continued partnership between the city and the NBA. We did it, and we followed the NBA guidelines the whole way. The owners didn't get rich by siding with fools - and let's be honest. The Maloofs and Chris Hansen have exposed themselves to be fools of the highest order. Blatant attempts to curry favor by throwing large sums of cash at the BoG will not be well received.

Let them try all they like. Vivek and Co. are standing pat with the nuts. (And for non-poker fans, that means they have the best possible hand and can only lose if they fold.)

 

[VF21]

The NBA is going to have some serious issues. At the end of the day they could be in violation of anti-trust laws, as they're potentially costing the Maloofs some serious cash. Will be interesting to see how this shakes out.

There's a lot of reason why the anti-trust laws won't be a factor. In addition, if the Maloofs agree to sell to Vivek, they are not losing any money. The only amount that can be considered is the original offer by the Hansen group. Anything subsequent to that is irrelevant as the only reason they raised their offer was to outbid the Sacramento counter offer. No counter-offer and no higher bid.

 

[Gary]

They don't have anything against the fans of Sacramento. They have something against missing out on $75 million dollars. Don't forget that they're facing some serious financial troubles after the Madoff scandal.

Mr. Napear, is that you?

Come on.. the Maloofs have issues with every person in Sacramento if they are trying to do what they are doing. If you don't think so then you're off the deep end just like the Maloofs. I have a HUGE grudge against the maloofs, so I sure as hell hope that they have something against me because I wouldn't spit on them if any of them were on fire.

 

[SacKings384]

Mr. Napear, is that you?

Come on.. the Maloofs have issues with every person in Sacramento if they are trying to do what they are doing. If you don't think so then you're off the deep end just like the Maloofs. I have a HUGE grudge against the maloofs, so I sure as hell hope that they have something against me because I wouldn't spit on them if any of them were on fire.

I think I come from a different perspective as I'm not from Sacramento and am merely a Kings fan. As a fan of the team and not necessarily the location I see the Hansen/Balmer organization and relocation as being much better for the team than I do them staying in Sacramento. The Hansen/Balmer team has already shown they are willing to invest a ton of money into the team, can get Phil Jackson who brings clout to the organization, and it could turn into a very great move for the franchise. I know the owners in Sacramento are pulling through with a deal but they don't seem as big on investing a ton of money into the team as much as they are just wanting to be owners and scrapping some cash together. I could see the Seattle team being in the top 10 in terms of salary cap each year, and can see the Kings staying near the bottom of the barrel in terms of team investment with the Sacramento owners.

So I would say I think overall in terms of me being a fan of the team, I think the Seattle deal is MUCH better for the future of the team. That being said, I wholeheartedly understand why the majority of this board hates the Maloofs (I do as well) and despises Hansen.

 

[KingsFanSince85]

They don't have anything against the fans of Sacramento. They have something against missing out on $75 million dollars. Don't forget that they're facing some serious financial troubles after the Madoff scandal.

Are you not reading the previous posts in this thread? It's been explained, several times, how they aren't losing any money in the deal. If the NBA rejects the sale to the Seattle group and they are then forced to accept the Sacramento groups offer, what basis would they have for a lawsuit against the Sacramento group or the NBA?

The reason the Seattle group's valuation offer has increased from $525M to $625M is due, solely, to the involvement of both the Sacramento group and the NBA. So how could you sue either group for costing you that extra money when their actions were the reason is was offered to you in the first place? In essence, the increased offer is fools gold.

Accepting the Sacramento groups offer results in the same amount of $$ in the seller's bank account as would have occurred had they never got involved and the original deal been signed off by the NBA

Case closed.

 

[jpsls]

Of course they hate the fans of Sacramento. It's the fans who wouldn't give them an arena on a silver platter free of charge.

Hasn't it been evident that the Maloofs have been against Sacramento every step of the way?

 

[Kingsfan23]

I think I come from a different perspective as I'm not from Sacramento and am merely a Kings fan. As a fan of the team and not necessarily the location I see the Hansen/Balmer organization and relocation as being much better for the team than I do them staying in Sacramento. The Hansen/Balmer team has already shown they are willing to invest a ton of money into the team, can get Phil Jackson who brings clout to the organization, and it could turn into a very great move for the franchise. I know the owners in Sacramento are pulling through with a deal but they don't seem as big on investing a ton of money into the team as much as they are just wanting to be owners and scrapping some cash together. I could see the Seattle team being in the top 10 in terms of salary cap each year, and can see the Kings staying near the bottom of the barrel in terms of team investment with the Sacramento owners.

So I would say I think overall in terms of me being a fan of the team, I think the Seattle deal is MUCH better for the future of the team. That being said, I wholeheartedly understand why the majority of this board hates the Maloofs (I do as well) and despises Hansen.

Then you probably belong on a different board, there are boards for the potential team in Seattle - sonicsrising to name one .. This board is for the Sacramento Kings, featuring a strong base from Sacramento who probably don't want to hear your views on this issue

 

[Gary]

I think I come from a different perspective as I'm not from Sacramento and am merely a Kings fan. As a fan of the team and not necessarily the location I see the Hansen/Balmer organization and relocation as being much better for the team than I do them staying in Sacramento. The Hansen/Balmer team has already shown they are willing to invest a ton of money into the team, can get Phil Jackson who brings clout to the organization, and it could turn into a very great move for the franchise. I know the owners in Sacramento are pulling through with a deal but they don't seem as big on investing a ton of money into the team as much as they are just wanting to be owners and scrapping some cash together. I could see the Seattle team being in the top 10 in terms of salary cap each year, and can see the Kings staying near the bottom of the barrel in terms of team investment with the Sacramento owners.

So I would say I think overall in terms of me being a fan of the team, I think the Seattle deal is MUCH better for the future of the team. That being said, I wholeheartedly understand why the majority of this board hates the Maloofs (I do as well) and despises Hansen.

ok.. I took a deep breath..

1. Why do you think it's a better deal in Seattle? Since you don't live in Sacramento how can you even have this opinion?
2. You are aware of the whole issue at hand right? You haven't posted here in two years so making a statement like that seems to think that you have no idea what you are talking about.

Another deep breath..

You know what. I am not even going to discuss this with you. If you were a seattle person I could, but since you are "claiming" to be a "kings fan" then you're just as bad as the slimy Maloofs/Hansen.

 

[SacKings384]

Are you not reading the previous posts in this thread? It's been explained, several times, how they aren't losing any money in the deal. If the NBA rejects the sale to the Seattle group and they are then forced to accept the Sacramento groups offer, what basis would they have for a lawsuit against the Sacramento group or the NBA?

The reason the Seattle group's valuation offer has increased from $525M to $625M is due, solely, to the involvement of both the Sacramento group and the NBA. So how could you sue either group for costing you that extra money when their actions were the reason is was offered to you in the first place? In essence, the increased offer is fools gold.

Accepting the Sacramento groups offer results in the same amount of $$ in the seller's bank account as would have occurred had they never got involved and the original deal been signed off by the NBA

Case closed.

? The offer from Hansen was raised. Yes it was raised BECAUSE the Sacramento offer came in. Does that make any sort of difference into the fact that the Maloofs have "x" offer on the table and the NBA is going to say "No you can't take that deal."? They're saying that they can't take a signed offer from the Hansen group, which is now at x dollars. Now am I saying that there WILL be a court decision that it's antitrust? No. I'm saying it certainly opens the door, as they are not being allowed to take the maximum deal for a team that they own. Not sure why that's so hard to understand.