WALTtheWIZ
G-League
not having the announcement before the all star game makes me nervous.
anyone else ???
Mega whale pods and latest news, rumors, etc.
- Thread starter Tetsujin
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not having the announcement before the all star game makes me nervous.
anyone else ???
Nope, still a few days left. I think we will hear it tomorrow or Friday (immediately prior to AS break), but who knows?
kingjatt
Starter
announcing the whales at all star weekend would be perfect, most of the owners/top players and writers in one spot, nothing else going on NBA news wise. It would be a bigger splash than announcing it on a routine tuesday press-conference.
But even if he doesnt im personallly not worried. this is a very very complicated deal and if the buyers back out or theirs a snag post announcement it will lower the other owners confidence in Sacramento.
Sure KJ would recieve some good pub if he announced right now but the backlash would be twice as bad if later on he had to back-track. so far he is doing a good job, their hasnt been a set back publicly at all.
The Hammer
All-Star
Not at all. The opposite actually. Makes me think there are serious people involved with serious money to invest and who hope to make a serious profit... looks like more private money will be involved and will change to Plaza location. Better politically as less city assets are leveraged, and more of what is leveraged (by private parties) is the strength of the existing market and location of the complex/surrounding area/norcal in general. We finally don't have to hand hold both the other party and the public.
The Hammer
All-Star
Exactly. See above.
bajaden
Hall of Famer
Bingo! Gee, here's a thought. If Burkle buys AEG, and then decides to pony up more money for the arena, which AEG would build, then he would be paying himself. How cool is that?
Brac-o-matic
G-League
Hmmm....Have you read the Sac Bee Comments section? Trust me, no matter how perfect the deal is for the public, they will whine at an equal rate.
kennadog
Dog On It!
There will always be those people and some already have petitions ready to go against any public money for an arena.
When it was said that Burkle definitely is more interested in the plaza, One of my first thoughts was that maybe the public contribution would go down, because that was privately-owned property. Personally, I see that as a plus.
kingjatt
Starter
Comments from stern today
"Right now, we have no approved plan for an arena in Seattle," he said.
Stern said, "The idea of leaving Sacramento is not a good one. The idea of going back to Seattle is a good idea. We'll have to see how it plays out."
heres the link
http://blogs.sacbee.com/city-beat/2...cramento-is-not-a-good-one.html#storylink=cpy
he is purposely being careful with his wording which could be used in a potential lawsuit against him but it still seems encouraging.
"Right now, we have no approved plan for an arena in Seattle," he said.
Stern said, "The idea of leaving Sacramento is not a good one. The idea of going back to Seattle is a good idea. We'll have to see how it plays out."
heres the link
http://blogs.sacbee.com/city-beat/2...cramento-is-not-a-good-one.html#storylink=cpy
he is purposely being careful with his wording which could be used in a potential lawsuit against him but it still seems encouraging.
Kings Faithful
Starter
That's a great quote for us. I may be digging deep but the words he chose puts Sacramento and Seattle on an equal level. Leaving Sac isn't good... going to Seattle is good.... (not great). If he is shown an good offer and plan from Sacramento's side I don't see him recommending against it.
I was always skeptical that expansion was a real option and Stern seems to be saying flat out that it isn't. That definitely makes this a winner take all contest as opposed to what Carmichael Dave seemed to imply - that the Kings would stay if they had a solid proposal and Seattle would get an expansion team in two years when their arena was build.
That was honestly the outcome I'd like to see since I do believe Seattle deserves their team back, but not at the expense of ours. Will be a tense couple months but I am still optimistic that Kevin Johnson will get this done and keep our team.
That was honestly the outcome I'd like to see since I do believe Seattle deserves their team back, but not at the expense of ours. Will be a tense couple months but I am still optimistic that Kevin Johnson will get this done and keep our team.
Section 101
All-Star
Some interesting news coming out.
Hoovtrain
All-Star
Well that is good.
kennadog
Dog On It!
Having underwritten many publicly-financed projects, although smaller and quite different, it may be harder to pencil out the deal with less public money. Why? Because developers/borrowers of all kinds of projects know that public money has better terms and lower interest rates than any private lender can give them. To make it work, they may have to put in more of their own money to keep debt down. This is generally not a preference, as they lose some interest expense write-off and put more of their personal money at risk. I'm sure its taking intensive analysis to figure out the sweet spot to make this pencil out for all investors and lenders, including the city.
"Pencil out" means making a lot of assumptions up front. Those assumptions have to be realistic and supportable. Then you play around with the combination of funding sources and the variables for all of those. They also have to understand what will be required for collateral and what other legal requirements will ultimately be in the documents supporting the deal for lenders and investors. The number of potential variables is immense.
Bottom line is we only get one shot. Whatever investor/lender scenario we present for the all parties is going to have to be realistic and well-supported by the analysis. This is going to be presented to expert business people and other professionals, who will do their best to pick every detail apart to make their decision. That's why I'm not surprised there's been no announcement yet. You can't announce until all potential owners, lenders and the city are in agreement on all terms and conditions.
Remember, Hansen and his group have had months to work on something that Sacramento is trying to accomplish in a really short time frame. A really short time for such a huge deal. I'm keeping the faith, though. Doesn't mean I'm not as anxious as everybody else to hear something. I just know that quality over speed matters, so I'm trying to be patient.
"Pencil out" means making a lot of assumptions up front. Those assumptions have to be realistic and supportable. Then you play around with the combination of funding sources and the variables for all of those. They also have to understand what will be required for collateral and what other legal requirements will ultimately be in the documents supporting the deal for lenders and investors. The number of potential variables is immense.
Bottom line is we only get one shot. Whatever investor/lender scenario we present for the all parties is going to have to be realistic and well-supported by the analysis. This is going to be presented to expert business people and other professionals, who will do their best to pick every detail apart to make their decision. That's why I'm not surprised there's been no announcement yet. You can't announce until all potential owners, lenders and the city are in agreement on all terms and conditions.
Remember, Hansen and his group have had months to work on something that Sacramento is trying to accomplish in a really short time frame. A really short time for such a huge deal. I'm keeping the faith, though. Doesn't mean I'm not as anxious as everybody else to hear something. I just know that quality over speed matters, so I'm trying to be patient.
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bajaden
Hall of Famer
Well said! I'm bajaden, and I approve of this post....
More good words from Stern:
"It's going to be a very difficult decision for the board of governors if Sacramento comes up with an offer," said David Stern on Thursday.
http://basketball.realgm.com/wireta...-Be-Very-Difficult-With-Offer-From-Sacramento
"It's going to be a very difficult decision for the board of governors if Sacramento comes up with an offer," said David Stern on Thursday.
http://basketball.realgm.com/wireta...-Be-Very-Difficult-With-Offer-From-Sacramento
I don't see how anyone in Seattle can think that when they've been trying to pretend this is a done deal.
butteredbiscuit
G-League
They think it is done because of the signed agreement. Most people go by the court system.
butteredbiscuit
G-League
I think it is going to be real hard for them to choose. But why should they have to choose? They have all the power to give Seattle a expansion team IF THEY WANTED. I dont see what the problem is. Just say KIngs stay in Sacramento and Seattle gets expansion team.
But, again, it isn't his decision. The BOG could decide to do so. And he retires in a year, so maybe Silver would be more open to the idea? I think Stern is just walking a fine line at this point until KJ is able to present his proposal.
Section 101
All-Star
It was not ruled out. He said it's up to the owners and there hasn't been any discussion on it.
Circa_1985_Fan
All-Star
Intersting scenario Carmichael Dave tweeted last night, he seems to think this saga will be decided before it gets to a a BOG's vote.
gunks
Hall of Famer
That would be rad.
Assuming of course it goes our way.
The waiting is killing me!
Circa_1985_Fan
All-Star
Patience grasshopper! We will drop our munitions on Seattle after the All Star break, and before Feb 28th
bajaden
Hall of Famer
Lest you forget, Stern is an attorney, and is very good at parsing his words in a way, as to appear not taking sides.
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