So what, do you want the city to continue to deal with the Maloofs who may not be financially solvent, backpedal on their promises, and won't deal with you faithfully to show the NBA you are committed? In the meantime, the Maloofs continue to make outrageous demands and run to the BoG when they don't get what they want.
News from the NBA BOG meeting - April 2012
- Thread starter Warhawk
- Start date
Thats the thing.
The Maloofs don't seem to be lying here regarding their complaints about unresolved issues prior to the 3/6/12 vote.
The powerpoint presentation had some solid notes about the communication. I don't think there is a way that they would present fake evidence to the NBA about what the NBA did or did not do in front of Stern and the BoGs.
Also, George did say there was a lot to be ironed out since early on. Stern also stated on an interview with Napear that he knows there is still a lot to be worked out including predevelopment cost. I believe that was on 3/8/12.
So the Maloofs aren't really just making things up.
The Maloofs don't seem to be lying here regarding their complaints about unresolved issues prior to the 3/6/12 vote.
The powerpoint presentation had some solid notes about the communication. I don't think there is a way that they would present fake evidence to the NBA about what the NBA did or did not do in front of Stern and the BoGs.
Also, George did say there was a lot to be ironed out since early on. Stern also stated on an interview with Napear that he knows there is still a lot to be worked out including predevelopment cost. I believe that was on 3/8/12.
So the Maloofs aren't really just making things up.
you've got the economics right, but you're neglecting the politics. the nba does not want to further alienate their smaller market franchises by allowing ownership groups to continually force their way out of town to pursue bigger markets. its why david stern refused to sell the hornets to owners who would not commit to keeping the team in new orleans. there is exactly one way out for the maloofs: anaheim. that's it. they can temporarily function with their minimal profit margin in sacramento, but, one way or the other, the kings need a new arena to play in very soon, in either sacramento or in some other city. this fact hasn't changed. sac had an nba-approved arena deal on the table. the maloofs passed, after agreeing with a handshake, and after it was made clear that the nba was going to loan the maloofs every dollar of their share of the arena costs. that doesn't look good, no matter how impressive the maloofs powerpoint presentation may have been (eric musselman, anyone?)...
so, where else are the maloofs gonna go? i think the league would regrettably approve of a move to a place like kansas city, because its been an nba city, its got a nice new arena, and there's a viable market there. but its not gonna be enough to put the maloofs in the financial position they desire. it'd make more sense to sell now, otherwise they would have already attempted to get out to kansas city. the nba would probably also approve of a move to seattle, but its not like seattle has made even the tiniest fraction of progress on on a new arena, compared to what the city of sacramento accomplished in constructing its "handshake deal." so, where else is there? there's anaheim, but the relocation committee shot that down after kevin johnson secured $10 million dollars in local business sponsorship. that's it. $10 million, and solidarity in the form of billionaire ron burkle. now he's got an nba-approved deal that the maloofs have rejected on the table, and ron burkle is undoubtedly still #1 on kj's speed dial. who's got the leverage? its certainly not the maloofs, and how is a relocation committee going to approve of a move to anaheim now when they didn't do so before? the nba actually would force the maloofs out, a la george shinn, long before they approved of a move to anaheim...
giving up now is like folding with four-of-a-kind. you better believe the maloofs are holding a straight-flush if you do that, and we already know the maloofs ain't got ****...
so, where else are the maloofs gonna go? i think the league would regrettably approve of a move to a place like kansas city, because its been an nba city, its got a nice new arena, and there's a viable market there. but its not gonna be enough to put the maloofs in the financial position they desire. it'd make more sense to sell now, otherwise they would have already attempted to get out to kansas city. the nba would probably also approve of a move to seattle, but its not like seattle has made even the tiniest fraction of progress on on a new arena, compared to what the city of sacramento accomplished in constructing its "handshake deal." so, where else is there? there's anaheim, but the relocation committee shot that down after kevin johnson secured $10 million dollars in local business sponsorship. that's it. $10 million, and solidarity in the form of billionaire ron burkle. now he's got an nba-approved deal that the maloofs have rejected on the table, and ron burkle is undoubtedly still #1 on kj's speed dial. who's got the leverage? its certainly not the maloofs, and how is a relocation committee going to approve of a move to anaheim now when they didn't do so before? the nba actually would force the maloofs out, a la george shinn, long before they approved of a move to anaheim...
giving up now is like folding with four-of-a-kind. you better believe the maloofs are holding a straight-flush if you do that, and we already know the maloofs ain't got ****...
This is how I feel too.
The Magoofs most recent Magoofery reeks of desperation. Stern seemed pissed as **** during that press conference, KJ isnt going to fold. Its pretty obvious that the Magoofs are broke and unfit to be NBA owners.
We're probably in for another rough 6-12 months, but I think we come out of this with Burkle. Anahiem just isnt going to happen for those ****s.
The Magoofs most recent Magoofery reeks of desperation. Stern seemed pissed as **** during that press conference, KJ isnt going to fold. Its pretty obvious that the Magoofs are broke and unfit to be NBA owners.
We're probably in for another rough 6-12 months, but I think we come out of this with Burkle. Anahiem just isnt going to happen for those ****s.
What the maloofs did not answer at their press conference was why did they agree to the deal if they considered it to be so bad. The mayor said the maloofs "explicitly" agreed to the deal. This whole thing doesn't make any sense. Then you have George calling the mayor a liar and Stern saying the city did "everything they were asked to do". Channel 13 even said that in Orlando the comish went as far as to say that "this was a done deal."
the board of governors acknowledged the maloofs' right to back out of a handshake deal. that does not mean they were happy about it, nor does it mean they are on the maloofs side. sacramento still has all the leverage. my question is this: why would the board of governors approve a move to anaheim, which is the only financially viable option left for the maloofs? would the BoG do it just to shut everybody up and move on? i'm not sure that's the case. david stern is very concerned about his legacy as he winds down in his tenure as commissioner. after watching the sonics leave for oklahoma city, and fighting so hard for the hornets to remain in new orleans, he's just gonna let the kings up and leave for anaheim, a market in earshot of two other nba franchises? what's he gonna say? "well, one outta three ain't bad"? david stern may have acted like pontius pilate at the board of governor's meeting, but his tone struck me as seething below the surface at the maloofs' actions. as this continues to play out, i expect his involvement will increase, and if the maloofs cannot justify their actions beyond dire financial need, i expect stern will eventually exercise his muscle as commish rather than approve of a move that's neither good for the nba or the city of sacramento...
Boycott one game - opening night next year. Break a record for lowest attendance in an NBA game. Make the statement. Get the press. Then support the team as usual. That's the way to embarrass the Maloofs and make a statement to the NBA but not give the relocation committee reason to believe the region does not support the team
Anyone up for another press conference?
David Bienick @kcrabienick
News conference with city manager John Shirey begins at city hall. Council members Cohn, R. Fong also present.
Shirey: "We're profoundly disappointed" that the arena deal is not going forward.
Shirey: Says arena deal collapse will be a setback for downtown economic development.
Shirey: "We got the job, so what we delivered was a proposal that we thought was fair to all the parties."
Shirey says arena planning has come to a stop. #nbakings #herewestay
Shirey not sure where city goes from here.
Steve Cohn says work on intermodal and downtown railyards can proceed forward without delay.
Shirey says city only dealth with NBA, not Maloofs in talks. "We had addressed every issue."
Shirey says "somewhat encouraged" that Maloofs "are not calling for the moving vans."
Cohn calls renovating Power Balance Pavilion a "red herring."
Cohn and Shirey says city cannot call in the Maloofs' outstanding loan.
Cohn: "I find it a little ironic that the Maloofs', given their financial situation, are concerned about ours."
Cohn says he does not find the Maloofs' credible at this point.
Shirey says it's not the city's role to search for new owners, but Cohn says he would like to see new owners.
David Bienick @kcrabienick
News conference with city manager John Shirey begins at city hall. Council members Cohn, R. Fong also present.
Shirey: "We're profoundly disappointed" that the arena deal is not going forward.
Shirey: Says arena deal collapse will be a setback for downtown economic development.
Shirey: "We got the job, so what we delivered was a proposal that we thought was fair to all the parties."
Shirey says arena planning has come to a stop. #nbakings #herewestay
Shirey not sure where city goes from here.
Steve Cohn says work on intermodal and downtown railyards can proceed forward without delay.
Shirey says city only dealth with NBA, not Maloofs in talks. "We had addressed every issue."
Shirey says "somewhat encouraged" that Maloofs "are not calling for the moving vans."
Cohn calls renovating Power Balance Pavilion a "red herring."
Cohn and Shirey says city cannot call in the Maloofs' outstanding loan.
Cohn: "I find it a little ironic that the Maloofs', given their financial situation, are concerned about ours."
Cohn says he does not find the Maloofs' credible at this point.
Shirey says it's not the city's role to search for new owners, but Cohn says he would like to see new owners.
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I agree with Baja. We wait it out. We let the Maloofs twist in the wind. They have nowhere to go. The NBA isn't going to allow them to move. So, they continue being a weak injured animal until they finally expire and sell. In the meantime, however, we're going to have to live with the consequences - no spending on free agents and the trading of younger players so they don't have to give up the $ for the big contracts. We will continue to be the lowest payroll in the league. Until they finally do give up.
