Maloofs Could Lose Out On NBA Money If Kings Move

[ReinadelosReys]

SACRAMENTO (CBS13) – A new deal designed to support small market NBA teams could be announced within days, and the owners of the Sacramento Kings would be on the wrong side of the incentive if they decide to move the team to Anaheim.

Within days of the extended NBA deadline to file for relocation, Commissioner David Stern may unveil a small market revenue sharing deal that smaller teams have been waiting for.


....


Unlike the NBA’s new era of billionaire owners like Mikael Prokhorov, Paul Allen, and Mickey Arrison — who can use their team’s financial losses as tax deductions — the Maloofs need the Kings to earn money to stay in the basketball business.


Moving to Anaheim would give them millions more in TV revenue, but at what cost? They have to pay off a $75 million debt to Sacramento and would suddenly be left out of a small market revenue sharing deal.


http://sacramento.cbslocal.com/2011/04/12/maloofs-could-lose-out-on-nba-money-if-kings-move/

 

[Brac-o-matic]

Could be good news...but Jim Crandell scared me away from the term "game-changer"...

 

[SacTownKid]

And this would be the biggest kicker IMO, they move and something like this goes through. I've wondered a few times if they're trying to move BEFORE this happens, because then there wouldn't be as many excuses to leave.

 

[ParniValjak]

And this would be the biggest kicker IMO, they move and something like this goes through. I've wondered a few times if they're trying to move BEFORE this happens, because then there wouldn't be as many excuses to leave.

There would still be an issue of the new arena which is pretty big reason behind all this.

However, I think the Kings would be much better off if somehow the following happens:

- Revenue sharing model is introduced to make it more equitable for the small market teams
- Comcast comes up with a better TV deal than they currently have
- Kings get the new arena in Sacramento and they get to control a lot of the revenue generated by the arena

This would make them more "powerful" than a lot of the big market teams.

 

[kennadog]

Well, this isn't a sure thing. The owners would have to approve such a plan. Not sure it will go over well with the owners who don't want to share their wealth.

 

[Glenn]

Well, this isn't a sure thing. The owners would have to approve such a plan. Not sure it will go over well with the owners who don't want to share their wealth.

Oh, mon cheri, but if the alternative is that teams flock to the big markets because of media money and corporate support, the money will be shared in a different way. The Lakers are squawking because if the Kings move, the Lakers will lose money. If revenue sharing is coupled with a vote against the Kings' move or any future move from smaller to larger market, the rich might listen.

If more teams do what the Kings seem to want to do, the sum total revenue to the NBA and the players is less money. Less markets, less money.

 

[kennadog]

Oh, mon cheri, but if the alternative is that teams flock to the big markets because of media money and corporate support, the money will be shared in a different way. The Lakers are squawking because if the Kings move, the Lakers will lose money. If revenue sharing is coupled with a vote against the Kings' move or any future move from smaller to larger market, the rich might listen.

If more teams do what the Kings seem to want to do, the sum total revenue to the NBA and the players is less money. Less markets, less money.

Oh, I agree with reason it should be done. I'm all for revenue-sharing. Just don't necessarily trust the majority of owners to see the long term benefits. I'd bet Buss is really going to want to share the revenue from his new TV deal.

 

[JB_kings]

See this is interesting. It's more like politics and getting votes in your favor. So if the small market teams want this revenue sharing plan, then it takes cooperation from the big market teams to buy into the plan. And the big teams are against dilluting their own market with moves like the Maloofs are making and would like at least 16 NO votes on the relocation. It's looking like the move votes aren't such the slam dunk it would be under normal circumstances. This might be the perfect storm Sacramento needs to buy some time to line up a new arena plan.

 

[RookieOfTheDay]

They're already losing out on a mayor that's trying to build them an arena, a proven and loyal fanbase, a region where they have no competition, etc. and don't seem to care, so i doubt they care about this either.

 

[Fireplug]

I can't really believe that in any way the Maloofs could make less money by moving. There has to be other revenue streams involved, or caveats to the revenue sharing agreement like "any team trying to establish themseves in a new market will get a part of the money" or something. This move is 100% about making more money for the Maloofs, after all.

 

[RookieOfTheDay]

I can't really believe that in any way the Maloofs could make less money by moving. There has to be other revenue streams involved, or caveats to the revenue sharing agreement like "any team trying to establish themseves in a new market will get a part of the money" or something. This move is 100% about making more money for the Maloofs, after all.

Sure they could. They're going from owners to tenants. If the team doesn't perform well and the "fans" in Anaheim lose interest, the Maloofs will be up a creek because everything has to be split with Samueli now.

 

[Fireplug]

Sure they could. They're going from owners to tenants. If the team doesn't perform well and the "fans" in Anaheim lose interest, the Maloofs will be up a creek because everything has to be split with Samueli now.

Let me rephrase that...

I can't believe that the Maloofs would be doing this unless they believe they would be making much more money by moving, and thus, since they are trying to move then at least they must believe that other revenue streams are involved, or caveats to the revenue sharing agreement like "any team trying to establish themseves in a new market will get a part of the money" or something.

 

[SacTownKid]

There would still be an issue of the new arena which is pretty big reason behind all this.

However, I think the Kings would be much better off if somehow the following happens:

- Revenue sharing model is introduced to make it more equitable for the small market teams
- Comcast comes up with a better TV deal than they currently have
- Kings get the new arena in Sacramento and they get to control a lot of the revenue generated by the arena

This would make them more "powerful" than a lot of the big market teams.

Sure, but it all goes back to how it relates to the Anaheim deal. If they move to Anaheim they don't get much out of having an arena with luxury suites and such since they'd only be a tenant meaning they'd only get a portion of that revenue anyway.

The TV deal is the thing but that's one of the main reasons something like this will come about in the first place, so teams can get a cut of those teams huge TV deals.

 

[Jim Les]

So, in 5 years when the Maloof's have finally lost controlling interest of the team and are living underneath an I-5 overpass, will everyone come into agreement that they are terrible businessmen?

It's hard for me to imagine that they are smart, when they've lost their beer distributorship, are losing a casino, and are desperately holding on to a basketball franchise. Of those three things, the basketball franchise should be the last thing you try to hold on to when in financial straits. I just don't get it.

Honestly, where do these guys see themselves in 5 years? I don't want to accuse them of being shortsighted, but it's really hard to see this ending well for them (not that I particularly care to see them well off anyway).

 

[Gary]

Have you seen their sister? What a bloated retarded waste of human skin (which has been under the knife many times). If her inelligence is and indication of her brothers then this all makes sense.

 

[Gary]

There would still be an issue of the new arena which is pretty big reason behind all this.

However, I think the Kings would be much better off if somehow the following happens:

- Revenue sharing model is introduced to make it more equitable for the small market teams
- Comcast comes up with a better TV deal than they currently have
- Kings get the new arena in Sacramento and they get to control a lot of the revenue generated by the arena

This would make them more "powerful" than a lot of the big market teams.

The arena is an excuse. The Maloofs have shot down any arena plan that came to fruition and have made it impossible for anything to get off the ground in regards to an arena so that it would be easier to move the team. Why? Because if an arena was built they would have had to stay. The Maloofs have been wanting to move since they bought this team. All those articles about them wanting moving to Anaheim that were out years and years ago all make sense now. The Maloofs are slime.

 

[Bricklayer]

The arena is an excuse. The Maloofs have shot down any arena plan that came to fruition and have made it impossible for anything to get off the ground in regards to an arena so that it would be easier to move the team. Why? Because if an arena was built they would have had to stay. The Maloofs have been wanting to move since they bought this team. All those articles about them wanting moving to Anaheim that were out years and years ago all make sense now. The Maloofs are slime.

Now you're anger is busily rewriting history.

There has never been an arena plan come to fruition.

 

[RookieOfTheDay]

No you're anger is busily rewriting history.

There has never been an arena plan come to fruition.

And you don't think that the Maloofs making demands like total control of parking didn't have something to do with that?

 

[Warhawk]

And you don't think that the Maloofs making demands like total control of parking didn't have something to do with that?

It's called negotiation. You don't cave at the first demand. ;-)

 

[Glenn]

Have you seen their sister? What a bloated retarded waste of human skin (which has been under the knife many times). If her inelligence is and indication of her brothers then this all makes sense.

What?

 

[Section 101]

It's called negotiation. You don't cave at the first demand. ;-)

They walked away too.

 

[RookieOfTheDay]

It's called negotiation. You don't cave at the first demand. ;-)

Clearly. Which is precisely why the city didn't go for it.

 

[Gary]

What?

Oh my bad... Adrienne Maloof.. She's pretty retarded.

 

[Glenn]

Oh my bad... Adrienne Maloof.. She's pretty retarded.

I got it. Pretty tasteless. I couldn't believe anyone would write such a thing.

 

[pupsingh]

I got it. Pretty tasteless. I couldn't believe anyone would write such a thing.

but she is pretty retarded though

 

[Tetsujin]

It's called negotiation. You don't cave at the first demand. ;-)

Although the whole wanting to make the Cowboy Stadium of NBA arenas thing that they were asking for was a bit much.

 

[Dr. Spaceman]

I got it. Pretty tasteless. I couldn't believe anyone would write such a thing.

Having seen a single episode of the Housewives reality show that she was on, it's not exactly the most libelous thing I've ever read about her.

 

[ParniValjak]

The arena is an excuse. The Maloofs have shot down any arena plan that came to fruition and have made it impossible for anything to get off the ground in regards to an arena so that it would be easier to move the team. Why? Because if an arena was built they would have had to stay. The Maloofs have been wanting to move since they bought this team. All those articles about them wanting moving to Anaheim that were out years and years ago all make sense now. The Maloofs are slime.

Thats irrational dribble controlled by anger.

There was nothing stopping them from moving a decade ago when they bought the team but its the inferiority complex that has people looking over shoulder and jumping at shadows.

In fact, considering their financial situation now and back them, it would have been a heck of a lot easier for them to move the team when they bought it than it is now. They gave Sacramento a shot for over a decade now and for various reasons it didn't work out to this point and all parties are to blame for that.

 

[Gary]

I got it. Pretty tasteless. I couldn't believe anyone would write such a thing.

My GF watches those shows.. I sometimes watch with her.. It's just the vibe she gives off. If her brothers are anything like her then this whole thing makes too much sense.

 

[Gary]

Thats irrational dribble controlled by anger.

There was nothing stopping them from moving a decade ago when they bought the team but its the inferiority complex that has people looking over shoulder and jumping at shadows.

In fact, considering their financial situation now and back them, it would have been a heck of a lot easier for them to move the team when they bought it than it is now. They gave Sacramento a shot for over a decade now and for various reasons it didn't work out to this point and all parties are to blame for that.

No but a lot of people are using this as the excuse why they are moving. It takes two parties to get the arena deal done, and it seemed that when one came up with an idea the other shot it down and vice-versa. Not surprising that either side wouldn't agree on something and that this would get thrown out there as the excuse why they are leaving when it's (the excuse) probably resting more on the money woes of the Maloofs.

I have no idea why they would sell successful business ventures to try to keep their 51% of the Kings in tact though..

The way I see this ending is with Samueli owning the Kings within 3-4 years. The Maloofs have no business owning a professional team with how their financials are. They should have sold long ago.