WALTtheWIZ
G-League
I, like everyone else, have been repeatedly disappointed by ownership.
We know that the Maloofs have been on record as saying that revenue sharing helps keep small markets afloat, something David Stern took objection to. I think it is possible for the Maloofs to be banking on revenue sharing to build enough cash to put money into an arena agreement with the city. Why? We know they want a new arena, they say they dont want to sell, they say they dont want to just be a tenant, and they did just put some money into the a slight but long overdue modeling of the arena (however minimal that may be).
Maybe, they agreed to the principles of the deal, all the while thinking if they just had some more money to be an active partner, they would reap greater benefits. At that point, they tried the rope the city into giving them better benefits (which was unreasonable). That failed. Now a foreseeable next step may be to put some small upgrades into the arena, stick it out for a year or two and see how much revenue sharing they can achieve. At that point, they may be thinking they could come back to the table with moer to offer/ more to gain.
They did get a local company who was initially against sponsoring them due future uncertainties to buy the naming rights to the arena. I know there is this "opt-out" clause which ppl are pointing to as a Maloof loophole. But honestly, after what they went through with Power Balance, its not unreasonable for them to put in an opt out in case Sleep Train goes under or is publicly humiliated (like PB).
I do think the scenario is a likely possibility, though it is assuming the Maloofs to be well intentioned, which is a stretch, and they have yet to make any statement affirming their commitment.
Thoughts?
We know that the Maloofs have been on record as saying that revenue sharing helps keep small markets afloat, something David Stern took objection to. I think it is possible for the Maloofs to be banking on revenue sharing to build enough cash to put money into an arena agreement with the city. Why? We know they want a new arena, they say they dont want to sell, they say they dont want to just be a tenant, and they did just put some money into the a slight but long overdue modeling of the arena (however minimal that may be).
Maybe, they agreed to the principles of the deal, all the while thinking if they just had some more money to be an active partner, they would reap greater benefits. At that point, they tried the rope the city into giving them better benefits (which was unreasonable). That failed. Now a foreseeable next step may be to put some small upgrades into the arena, stick it out for a year or two and see how much revenue sharing they can achieve. At that point, they may be thinking they could come back to the table with moer to offer/ more to gain.
They did get a local company who was initially against sponsoring them due future uncertainties to buy the naming rights to the arena. I know there is this "opt-out" clause which ppl are pointing to as a Maloof loophole. But honestly, after what they went through with Power Balance, its not unreasonable for them to put in an opt out in case Sleep Train goes under or is publicly humiliated (like PB).
I do think the scenario is a likely possibility, though it is assuming the Maloofs to be well intentioned, which is a stretch, and they have yet to make any statement affirming their commitment.
Thoughts?