News from the NBA BOG meeting - April 2012
- Thread starter Warhawk
- Start date
I was defending the 2% chance that this was a misunderstanding on the Maloofs part, but after reading KJ's letter they are no longer defendable. There was a concrete gentleman's deal in place, the only problem is that KJ, AEG, and the NBA thought they were negotiating with gentleman. KJ give it to them tomorrow.
We know the league can't make the Maloofs sell or take the deal.
The league can't make the city change their offer. From a pr standpoint, the league can't jerk the franchise out of Sacramento right after they put 270 million on the table.
Based upon some peaches comments and a Breton tweet, it appears the Maloofs have two options. Take the deal for a new arena or stay at Arco.
The first option is clear. The second will be both chicken and outright warfare between the city and the Maloofs.
If the Maloofs really believe that the parking won't pencil or stop or another version might win, they hunker down until the city can't perform or keep an offer on the table. At which point, the league would have to let them move. The unspoken but clear threat to the city is the Maloofs will exercise their legal right to dump the old arena onto the city on the way out, rocking the general fund in the process.
On the other side Kj just keeps nailing down every aspect of the parking deal and the political allies and moves to make this deal turnkey for the new owner Stern finds after Kj bleeds the Maloofs out.
Based upon what Peaches had said about just staying at Arco as opposed to taking a bad deal, this has been contemplated. It's so crazy that I don't think it happens, but it's on the table
The league can't make the city change their offer. From a pr standpoint, the league can't jerk the franchise out of Sacramento right after they put 270 million on the table.
Based upon some peaches comments and a Breton tweet, it appears the Maloofs have two options. Take the deal for a new arena or stay at Arco.
The first option is clear. The second will be both chicken and outright warfare between the city and the Maloofs.
If the Maloofs really believe that the parking won't pencil or stop or another version might win, they hunker down until the city can't perform or keep an offer on the table. At which point, the league would have to let them move. The unspoken but clear threat to the city is the Maloofs will exercise their legal right to dump the old arena onto the city on the way out, rocking the general fund in the process.
On the other side Kj just keeps nailing down every aspect of the parking deal and the political allies and moves to make this deal turnkey for the new owner Stern finds after Kj bleeds the Maloofs out.
Based upon what Peaches had said about just staying at Arco as opposed to taking a bad deal, this has been contemplated. It's so crazy that I don't think it happens, but it's on the table
You write a letter like that for two reasons. First, the league backed you, you have the leverage, and you let people know it. Second, you are tied to this project getting done. You know the league backed their own and you've got no wiggle room to move. You write a nasty letter for political reasons. When the Maloofs tell you in person that the league doesn't consider the term sheet binding and asks for a counter, you say no, walk out, and put everything on the table for the assembled national media.
90 or 0%
90 or 0%
It was the relocation committee that denied relocation last year, but set the one-year term to give the city one more chance. Since it was the conditions they set, I assume that it may actually be the relocation committee that heard the Maloofs today. Since the city met their deadline, I think the Maloofs wouldn't have had much of a leg to stand on today. The city (amazingly) did approve a plan by the deadline. It was not a binding agreement, so their can be no "breach of contract" by either side, but it set out the basic plan and who would pay for what.
I can't see how the committee could look favorably on owners who signed the basic term sheet and now want to re-negotiate major points. Especially when they have a city who has done everything the NBA asked of them. If this doesn't work, because the owners won't live up to their signed promises, it would be a public relations nightmare for the NBA.
This is still a top twenty media market, that wants the team and has come up with a plan that appears to work. That's almost a miracle in California. There are a lot of teams in smaller media markets than Sacramento, so why would the NBA want to turn their back on Sacramento? Personally, I don't think a viable owner shouldn't make such a big deal out of a 15/16 season opening. As long as it's under construction, it shouldn't be that big a deal. But they can't prove that deadline is impossible or even wildly over optimistic.
I am so sick of the Maloofs. Even if it's in private, I hope the other owners drag the Maloofs over hot coals, for putting the league through this crap, at this point.
I can't see how the committee could look favorably on owners who signed the basic term sheet and now want to re-negotiate major points. Especially when they have a city who has done everything the NBA asked of them. If this doesn't work, because the owners won't live up to their signed promises, it would be a public relations nightmare for the NBA.
This is still a top twenty media market, that wants the team and has come up with a plan that appears to work. That's almost a miracle in California. There are a lot of teams in smaller media markets than Sacramento, so why would the NBA want to turn their back on Sacramento? Personally, I don't think a viable owner shouldn't make such a big deal out of a 15/16 season opening. As long as it's under construction, it shouldn't be that big a deal. But they can't prove that deadline is impossible or even wildly over optimistic.
I am so sick of the Maloofs. Even if it's in private, I hope the other owners drag the Maloofs over hot coals, for putting the league through this crap, at this point.
If this thing ever gets done, this man needs to be thanked in a deserving manner. Forget the #6 statue in front of the Arena, we need one for this man. What he has achieved, in the last 12 months is unbelievable. He was a great leader on the court and he is a greater leader off it.
An absolute legend that will go down in history as a Sacramento great. All the great people of Sacramento should be proud of this man! He is a living legend!
An absolute legend that will go down in history as a Sacramento great. All the great people of Sacramento should be proud of this man! He is a living legend!
It's their legal right. It's literally cutting off your nose to spite your own face but they could do it. If the resulting blow up led to the council backing away or a tricky deal falling apart it could work. We're talking about desperate, erratic, and dumb guys that just got 90% kicked to the curb. Hey Sacramento, we hate you but we are staying is somehow on the table
Just read Kevin Johnson's letter to the Maloofs, way to go ! I'll cosign that 100 times ! Even if the NBA can't make the Maloofs sell the team, the Maloofs will eventually have to sell the team if the NBA don't allow them to move to Anaheim. Without a new stadium and the subsequent backlash from Sacramento, people aren't going to come out to the games and the Kings will lose money for sure. Maloofs cannot afford to lose money.
Tend to agree! Maloofs can pull that card which means they will continue to cost cut, the fans will boycott the team because of the owners and they will try to relocate again and the NBA will tell them to go forth and multiply.
I got no doubt now that the Maloofs will pull that card as their scare tactic but I am sure the NBA can advise them to pull their head in otherwise under no circumstances will they approve relocation request.
The more this drama goes on, the more I go back to Clay Bennett's comment going into the meeting to the reporters "stick around, you may see something interesting"....what exactly did he mean? Does he know something that general public does not?! Is there a way that NBA and other owners can box the Maloofs in where they either have a choice of selling or going more broke by staying in PBP because it is pretty obvious the Maloofs have no interest in keeping up their end of the deal?!
They are gamblers by nature and those guys are going great when they are on a roll but if they are on a losing streak, they tend to go a round or few too far! It will be interesting to see how this one unfolds but I am confident in saying that Maloofs have lost a lot of respect from other NBA owners over the stunts they tried to pull in the last 12 or so months. I don't see a quick resolution but I also don't see a good ending for their either.
I got no doubt now that the Maloofs will pull that card as their scare tactic but I am sure the NBA can advise them to pull their head in otherwise under no circumstances will they approve relocation request.
The more this drama goes on, the more I go back to Clay Bennett's comment going into the meeting to the reporters "stick around, you may see something interesting"....what exactly did he mean? Does he know something that general public does not?! Is there a way that NBA and other owners can box the Maloofs in where they either have a choice of selling or going more broke by staying in PBP because it is pretty obvious the Maloofs have no interest in keeping up their end of the deal?!
They are gamblers by nature and those guys are going great when they are on a roll but if they are on a losing streak, they tend to go a round or few too far! It will be interesting to see how this one unfolds but I am confident in saying that Maloofs have lost a lot of respect from other NBA owners over the stunts they tried to pull in the last 12 or so months. I don't see a quick resolution but I also don't see a good ending for their either.
Agreed. They gave a deadline and MSE had the NBA negotiating for them, at their request. They can't back out now and still expect to be able to move. They try that and NOBODY will show at the games, and how does that help?
I wonder if the NBA intentionally negotiated an agreement that the Maloofs couldn't live up to financially, knowing it might force them to sell because they can't leave and can't afford to stay? That would be.....interesting.
I wonder if the NBA intentionally negotiated an agreement that the Maloofs couldn't live up to financially, knowing it might force them to sell because they can't leave and can't afford to stay? That would be.....interesting.
I have to wonder if the NBA guaranteed the upfront money and "assured" the Maloofs that any request to move would include the NBA backed arena money what would happen. Especially since at some point, either the league or the City/County building inspectors "might" find it necessary to either "condemn" the building for safety reasons or keep NBA games from being played there (like the NCAA did) for inadequate facilities.
Very interesting speculation. Maybe the NBA thought it might be a win-win proposition. Either the Maloofs perform and build the arena - Win. Or, the Maloofs demonstrate their financial inability to perform and build the arena, resulting in them being forced out by the NBA - Win.
If you don't have the financial ability to sustain the franchise, regardless of the Grant comments yesterday, I think they'll have to go. I wish I could remember the exact phrase Grant used in yesterday's commentary, but there was some weasel language in it that led me to believe that it was not so clear cut as you may think.
If you don't have the financial ability to sustain the franchise, regardless of the Grant comments yesterday, I think they'll have to go. I wish I could remember the exact phrase Grant used in yesterday's commentary, but there was some weasel language in it that led me to believe that it was not so clear cut as you may think.
