Section 101
All-Star
Wonder how Stern is going to view this request? We deal with PRA request's all the time. I don't think it includes a lot of what they are asking for as being required to turned over.
Records request another sign of strained Kings/city relationship
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Wonder how Stern is going to view this request? We deal with PRA request's all the time. I don't think it includes a lot of what they are asking for as being required to turned over.
The Hammer
All-Star
Lawsuit here we come.
Section 101
All-Star
Great idea. Could show the maloofs hand.
K
Kingsguy881
Guest
Wtf is going on here?
Section 101
All-Star
The Maloofs are trying to get a foot up on the negotiations by knowing what was said between parties whether it had anything to do with them or not. They are looking to see what the offers were available from all parties and who decided what.
Purple Reign
Starter
I know Napear says that this thing is going to get worked out, but this looks like the discovery portion of an Anti-Trust lawsuit. I am slowly being alienated. I am not putting another dime in the Maloofs pockets until this thing is settled. I love my team, but principle is principle. This family is making me very angry!!!
Glenn
Hall of Famer
Don't you have to have a law suit before you are entitled to discovery? Anyway, if the Maloofs can afford a lawsuit against the NBA, they can afford the pre-development fees. I think that a law suit against the entire NBA not only would be a bit pricey but would well establish them as outsiders. As I think a significant part of this family enjoys the limelight of ownership, they may now need to settle for watching games on TV as if they go forth with a law suit, I doubt many fans will welcome them like their victory lap of a few weeks ago.
I'm disgusted with them.
I'm disgusted with them.
Larry David
Starter
The logic you used was great.
Using your logic, you would have never sold a beer business to try to save a casino that was going down one way or the other.
These guys are not very bright or logical. They have very little common sense. We've seen many examples of this over the years - Jim Gray, Gold 6, Gold jersey, Jimmer will sell tickets, ect.
And it's much worse when they are pissed off. Now, they are pissed off and desperate.
Fear the Putin
Starter
Oh my...
I'm just waiting for the end to this saga, so I can make one final mega rage comic.
And when I say "end to this saga", I mean Maloofs not being listed as the owners of our beloved Sacramento Kings.
I'm just waiting for the end to this saga, so I can make one final mega rage comic.
And when I say "end to this saga", I mean Maloofs not being listed as the owners of our beloved Sacramento Kings.
RussoTuristo
G-League
Are we becoming the LA Dodgers of NBA?? It smells like it.
kingjatt
Starter
you elude to a great point, these guys didn't earn a single penny of the money they used to buy any of their businesses, they show very little savy. over the past decade what success have they had besides a couple of good years with the palms and i guess their little skateboard tourney? they inherited a ton of money, bought a team on the rise, and now are quickly loosing their money and are becoming desperate.
at this point i am certain they do not have the 73.25 mil or any type of asset to secure a loan for that amount. They know their run in Sacramento is coming to an end, hence all of this public crap that is a stain on our efforts to get a building built. It is no longer a matter of will they be leaving Sacramento but a matter of if they will be taking our team with them or not. It is all in the hands of the NBA now and to me with sterns latest comments and the Owners tendency to side with fellow owners our odds of keeping this team just fell from 90/10 last week to 50/50 this week. ALOT is riding on those BOG meetings.
Kingster
Hall of Famer
Public Records Request. Applies to governmental agencies, not the private sector. They are trying to use it to discover the behind the scenes negotiations strategies, tactics, etc. And it won't work. The only way they get that kind of info is from a suit and discovery (and even then most public employees are smart enough not to put that stuff in writing or emails). The only thing it does is alienate everybody. To me, this smacks of desperation. They obviously are not acting in good faith.
kupman
Starter
This is a great question. Many would like to think that we know, but I am unsure. It is just theory and speculation.
If the Maloofs have wanted out the whole time why did they agree to the term sheet in Orlando? It would have been easy to drag their feet on the term sheet at that point and everyone would have left the meeting saying that the best effort was given, but an agreement just could not be reached. Stern even left the door open for this outcome. Why agree to it and then raise a big fuss over 3.25 million a couple of weeks later if their motive has always been to get out?
I also do not agree that they are not very bright. Things have not been going their way of late, this is true, but 10 years ago nearly everything they touched was turning into gold. There was intelligence in what they created with the Palms and MSE.
What is happening now? I am open to any and all theories, but I don't think any of us really know for sure. It's puzzling.
Larry David
Starter
Grant is now saying the Maloofs are heading to NY to show the other 29 owners the deal and ask them "would you take this deal" and it doesn't make any sense to build an arena here and keep the team if the team will stink because there isn't enough money for the team.
So there you have it. The Maloofs made a deal in Orlando. They got home and crunched the numbers. In particular, how long it will take them to pay off their debt. And now they don't want the deal any more.
The Maloofs gave the NBA the power to make the deal. When the Maloofs didn't like the number, KJ and AEG closed the gap.
Now, the Maloofs go to NY to tell 29 owners they should be able to move because the NBA made a bad deal. So they've decided to make this Maloof v. Stern's people. As Chris Webber said, "Good luck with that."
So there you have it. The Maloofs made a deal in Orlando. They got home and crunched the numbers. In particular, how long it will take them to pay off their debt. And now they don't want the deal any more.
The Maloofs gave the NBA the power to make the deal. When the Maloofs didn't like the number, KJ and AEG closed the gap.
Now, the Maloofs go to NY to tell 29 owners they should be able to move because the NBA made a bad deal. So they've decided to make this Maloof v. Stern's people. As Chris Webber said, "Good luck with that."
Yes people forget that they turned a cheapo off strip casino into the place to be for several years. They were opening up new casinos every 3 or 4 months for a good stretch and the Palms weathered the storm better than many. Had they not expanded bigger than could handle (including a luxury condo offering that really killed them) they'd be fine. Most people who inherit great wealth like they do don't go and create like they tried to. Unfortunately they got greedy and missed a bubble that they should have seen coming and blown away when it popped.
That said, it's pretty clear at this point that some people in the family will shake your hand while they stab you in the back, and those people seem to be pulling the strings. They need to be gone. Yesterday.
That said, it's pretty clear at this point that some people in the family will shake your hand while they stab you in the back, and those people seem to be pulling the strings. They need to be gone. Yesterday.
K
Kingsguy881
Guest
This is basically elaborating on my question. I mean, I see the things that are happening no doubt. But I don't get what the underlying reason for it all is. What do these idiots really want out of all of this? Why are they doing this? They agree to the framework of a deal and when the first sign of getting started comes around they throw a monkey wrench in things. Orlando contributed money to the pre development costs of their new arena, they are in the same boat as the Kings as far as tenants. What makes the Maloofs think they are so special? At the meetings in Orl during AS weekend it was widely reported that George was the sand in the cogs during those meetings, and now he crops back up as the dividing factor in getting started.
THE COMMON DENOMINATOR IN ALL OF THE ISSUES WITH THIS PROCEEDING AS PLANNED IS GEORGE ****ING MALOOF!!!!!!!!!!!! What is his issue? Has he really been making under table deals with Anaheim? Why has Anaheim all of a sudden opened up more dates for events at their venue? I am and always will be very suspicious of coincidences and the leak to LA Times and Anaheim opening up more available dates for their venue and all of this crap that is going on is TOO BIG A COINCIDENCE to not draw lines between what is going on and what these buffoons have planned. I am thoroughly disgusted with our ownership group. I used to be a Maloof proponent. I have no beef with Gavin and Joe. But George.....he better hope I never see his ***** *** in public.
Fear the Putin
Starter
The real estate bubble didn't burst until 07-08. Then the Maloofs began to feel the pain and the domino effect began. They began to sell assets left and right, placed a spending restriction for Petrie, which led to a diminished product.
They put the spending restriction on before the casino imploded, basically right after Webber blew up his knee. Who knows how much of anything from that point forward was Petrie or the Maloofs meddling, its pretty clear they have fingerprints all over the Artest deal though. And you have to believe they made it clear to get rid of Webber at all costs and of course Adelman was all them.
The Hammer
All-Star
I don't get that at all, actually. You have to take into account the few influential owners (Buss, other major market teams like Knicks/Nets) that are TOTALLY against the Kings moving to LA. Buss, for very specific reasons, but the others, they don't want to set the precedent. Also, there is a relocation committee from the NBA that has been overseeing this whole process and in fact negotiating on behalf of the Kings. That's what's truly mind boggling. If the city had failed to put a deal together, that's one thing, but they got a smokin deal put together and brought in AEG. The relocation committee will ultimately decide if there is a viable deal in Sac for a team to stay and if there is the team isn't going anywhere. And, since they themselves are the ones who negotiated it and signed the term sheet... all indications are that they believe it is! It's insane when you add it all up!
Larry David
Starter
Right. The new plan is to get 15 owners to vote that the NBA office made a term sheet with the city of Sacramento that is unfair.
Stern is starting to back KJ, so they are trying to go over Stern's head. Wow.
Don't forget that Benett was in the Orlando talks.
kingjatt
Starter
you make some very valid points, and i agree this deal is relatively amazing for all parties involved. The only thing that's stalling this is the maloofs empty wallets. You say some big market owners dont want to see the kings move but the problem with that is at the end of the day their vote for relocation still only counts for 1. There are far more suffering small market owners who can somewhat relate to "one of their own" (even though the maloofs financial mess is one of if not the worst in the league) and in my opinion i have concern that that at the BOG meetings the Maloofs will bring up relocation again and they just might be able to secure the 15 or so votes they need from the other owners. remember that even though we may have stern in our corner he ultimately works for the owners. maybe my odds are a bit off and are more of a by product of my emotional attachment to this team but one thing is for sure, anything can happen as a result of these meetings so we cant be overly sure that things will go our way, hell just a week or so ago the maloofs were standing with KJ at center court and this week they are making records requests for what seems like a forthcoming anti-trust lawsuit. the writing is on the wall, they want to get outta sac and take our team with them.
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The Hammer
All-Star
I agree, no doubt they want to leave. And I see how you could be worried and see a situation leading to the Kings leaving... but as you said "the owners back their own"... well... they also back Jerry Buss, one of their own. Just on his power alone there's no way he lets this thing happen. Also, keep in mind that Stern put CLAY BENNETT, the King of pilfering franchises and ditching rabid fanbases, as the head of the relo committee... and he was in the talks, so... what are the Maloofs gonna do? Claim that Clay Bennett is in cahoots with Sacramento to negotiate a bad deal that burdens the Maloofs??? Those are some pretty heavy accusations, and it instantly puts you at odds with the League. It's an extremely risky political move to make that could backfire literally within minutes as the owners sit around the table and look at each other and realize what is being claimed. It was a very savvy move for Stern to put Bennett on the face of this thing (given that Stern wants it to work out in Sac), cause now all Clay has to do is make his "authorized recommendation" that it's a fair deal (he will because he himself negotiated it!), and presto... not one single owner has any real reason for allowing the move, even less so in a public.
Again, you can't just rip a team away from a city just cause you feel like it. It was a nightmare with the City of Seattle, that's really what drove that team out. And quite frankly any owner who would vote to let the Kings move out of a city that has done all this, has a former NBA all-star as Mayor, and has the most rabid (in the day) fanbase in the history of sports risks looking like a MAJOR tool in front of his colleagues. Also keep in mind how the Maloofs got themselves INTO the situation of not being ABLE to negotiate this deal on behalf of themselves. Remember the 10mil that KJ drummed up in new sponsorship in a week? Since it was clear back then they were sabotaging the market, they were essentially made powerless, because they weren't trusted to be negotiating in good faith anyway. I have a feeling Stern saw this day coming at least a year ago. The political will is non existent, any way you slice it, to support the Maloofs
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They just negotiated a new CBA to help small market teams like Sacramento, so I don't know how much sympathy small-market owners will have for the Maloofs. What leverage do small-market owners have with their cities if they side with the Maloofs? If you don't build an arena we'll leave, but if you commit to building an arena, we'll probably leave anyways. This would make a big-black eye for a league that has already been surpassed by the NFL and MLB.
At this point, I'm just counting the days until ownership changes hands because even if the Kings stay, Maloofs have practically revenue streams to field a competitive team. They will be the Oakland A's of baseball.
Bricklayer
Don't Make Me Use The Bat
Maloofs are compeltely tone deaf.
KevinSalvadori
Bench
Because he's a phony, apparently. Or out of touch with the finances of his family's finances..............run by Georgie.
fansinceday1
Starter
Does anyone know how much the maloofs have borrowed from the NBA?
IMO the maloofs want to move the Kings to Anaheim because they will be more valuable down there and will get them a larger sale price. However I just don't see how Stern can stomach having 3 teams in LA. It just seems so foolish.
IMO the maloofs want to move the Kings to Anaheim because they will be more valuable down there and will get them a larger sale price. However I just don't see how Stern can stomach having 3 teams in LA. It just seems so foolish.
