Term sheet to be announced and other news, rumors, etc.

[fansinceday1]

As a lifelong sac resident im tired, TIRED, of all the talk. I just want to see some action.
This city is notorious for talking a big game. From K st to the Rail yards, to the twin 53 story towers, Im jaded to the N'th degree. Our city is littered with projects that failed to make it off the drawing board. And when they did make it off the drawing board they failed in the 1st or 2nd phase (twin towers). I won't believe anything is getting done till I see a skeleton of an arena going up on the K st site. I just wish we had more of a "can do" attitude. It must be the "govt complex" this town has.

Forgive my negativity guys. It just feels like this thing isn't going to happen and im sick and tired of this crap always happening to my home town.

 

[VF21]

As a lifelong sac resident im tired, TIRED, of all the talk. I just want to see some action.
This city is notorious for talking a big game. From K st to the Rail yards, to the twin 53 story towers, Im jaded to the N'th degree. Our city is littered with projects that failed to make it off the drawing board. And when they did make it off the drawing board they failed in the 1st or 2nd phase (twin towers). I won't believe anything is getting done till I see a skeleton of an arena going up on the K st site. I just wish we had more of a "can do" attitude. It must be the "govt complex" this town has.
Forgive me guys. It just feels like this thing isn't going to happen and im sick and tired of this crap always happening to my home town.

Sorry, dude, but from my viewpoint you're the only one with a lack of a "can do" attitude. There's major stuff happening right now. If you don't want to hear about it, that's your choice. But you don't have to pee in everybody else's Wheaties.

 

[whozit]

As a lifelong sac resident im tired, TIRED, of all the talk. I just want to see some action.
This city is notorious for talking a big game. From K st to the Rail yards, to the twin 53 story towers, Im jaded to the N'th degree. Our city is littered with projects that failed to make it off the drawing board. And when they did make it off the drawing board they failed in the 1st or 2nd phase (twin towers). I won't believe anything is getting done till I see a skeleton of an arena going up on the K st site. I just wish we had more of a "can do" attitude. It must be the "govt complex" this town has.
Forgive me guys. It just feels like this thing isn't going to happen and im sick and tired of this crap always happening to my home town.

I'm sorry, but for someone wanting a "can do" attitude you spouted off a lot of "won't do" negativity.

 

[The Hammer]

As a lifelong sac resident im tired, TIRED, of all the talk. I just want to see some action.
This city is notorious for talking a big game. From K st to the Rail yards, to the twin 53 story towers, Im jaded to the N'th degree. Our city is littered with projects that failed to make it off the drawing board. And when they did make it off the drawing board they failed in the 1st or 2nd phase (twin towers). I won't believe anything is getting done till I see a skeleton of an arena going up on the K st site. I just wish we had more of a "can do" attitude. It must be the "govt complex" this town has.
Forgive me guys. It just feels like this thing isn't going to happen and im sick and tired of this crap always happening to my home town.

The irony is that this attitude is one of the major reasons for the city being the way you claim. It's exactly the opposite attitude of our mayor, and of Mike. Get out of your precious victim mentality and make something happen if you're so tired of talk. And no, I won't forgive you. I can't stand a hypocrite.

 

[VF21]

More tweets:

Marcos Breton ‏@MarcosBreton 6m

Fee on future #nbakings tickets would go to a capital fund for arena improvements. There would also be ticket fee to raise $ for arena cost

Jonathan Santiago ‏@itsjonsantiago 4m

Shirey says arena will cost more than pricetag of last year's arena deal at the rail yards. City's contribution, however, will remain same.

Tony Bizjak ‏@TonyBizjak 4m

Shirey: This arena will cost more than the $391m from last yr's deal. Private investors will make up difference. He doesn't give a cost tho.

Jonathan Santiago ‏@itsjonsantiago 3m

The Ranadivé/Mastrov/Burkle group will address the difference in cost for the project according to Shirey.

Marcos Breton ‏@MarcosBreton 3m

#Sacramento contributions to arena would be millions from parking assets & city land. #nbakings

 

[fansinceday1]

Sorry but like I said, Ive been here 40 years. Forgive me for being a tad negative. Ive seen it all and it tends to wear on a person. Sorry I don't have you guys's sunny disposition.

 

[The Hammer]

Sorry but like I said, Ive been here 40 years. Forgive me for being a tad negative. Ive seen it all and it tends to wear on a person. Sorry I don't have you guys's sunny disposition.

You're not at all forgiven.

I'm actually going to hold you accountable to what you just wrote.

Go ahead and list all the things that you personally have done towards your stated desired ends.

 

[VF21]

Lots of tweets about the public comments but not much new. Just a funny by John Shirey who replied to one of the naysayers with a "How do you know? Have you talked to Mr. Burkle?"

LOL!

 

[VF21]

Tweets continued:

Jonathan Santiago ‏@itsjonsantiago 1m

Shirey suggests that the the arena could be built on the east end of the Downtown Plaza. #SacKings

 

[fansinceday1]

You're not at all forgiven.

I'm actually going to hold you accountable to what you just wrote.

Go ahead and list all the things that you personally have done towards your stated desired ends.

Says the guy from friggin IDAHO.

How many sacramento developers have you talked to? How many businesses have you tried to open in this town? How many projects have you been involved in that have failed because of the miserable politics in this city?

 

[VF21]

Marcos Breton ‏@MarcosBreton 1m

City will own the arena, but private operator would run. & maintain it #nbakings

Ryan Lillis ‏@Ryan_Lillis 1m

Shirey: "The entire plaza will not be obliterated" to make way for #arena

Ryan Lillis ‏@Ryan_Lillis 1m

Shirey: Investors will be responsible for designing, constructing and operating #arena

 

[The Hammer]

Says the guy from friggin IDAHO.

You completely missed my point.

By trying to make it a pissing contest between how much you and I have done to save the Kings, you evade looking at yourself.

The reason you should produce a list is that you are complaining in that way. If you're not actively trying to change things, what right do you have to complain?

Your attitude is toxic.

p.s. I'm actually from Sacramento, I live in Idaho now.

 

[VF21]

Says the guy from friggin IDAHO.

How many sacramento developers have you talked to? How many businesses have you tried to open in this town? How many projects have you been involved in that have failed because of the miserable politics in this city?

Knock it off. This is not going to turn into a discussion of past failings of Sacramento. In case you forgot, SACRAMENTO GOT IT RIGHT LAST TIME! It's not their fault George Maloof backed out. If you want to attack The Hammer, take it to PMs.

 

[The Hammer]

Says the guy from friggin IDAHO.

How many sacramento developers have you talked to? How many businesses have you tried to open in this town? How many projects have you been involved in that have failed because of the miserable politics in this city?

Still completely missing the point.

I'm not the one complaining.

 

[VF21]

Okay, back to the topic at hand...

Jonathan Santiago ‏@itsjonsantiago 6m

Shirey says 800 jobs will be saved by keeping the Kings in Sacramento. #SacKings

City of Sacramento ‏@TheCityofSac 6m

City Manager assures the public that the arena will generate 6,000 construction jobs. #ESC #Sacramento

Crown Downtown ‏@CrownDowntown 3m

Love the public discussion. It's not just about the Kings. This is #BiggerThanBasketball

 

[VF21]

Jonathan Santiago ‏@itsjonsantiago 2m

This arena opponent believes that there will be a referendum to stop the project. #sackings pic.twitter.com/CmbeNzsMuq

Bob Moffitt ‏@BobMoffitt 2m

Audience member: any polling done to gauge support? Shirey: no. Member says there will be a referendum. I count 3 people who clapped

Scott Kaufman ‏@scottiek 3m

Someone asks about city polling to see if people want the arena. 4 people clap as loud as they can. @CrownDowntown

NOTE: There are considerably few nay-sayers than there were the last time around. Yet their tired refrain is the same. Cannot see it changing the mind of any councilmembers.

 

[VF21]

Marcos Breton ‏@MarcosBreton 1m

Majority of gathering at #Sacramento City Hall seem supportive of new arena but there are opponents in the house & unconvinced. #nbakings

 

[VF21]

Whoo!DMC looking good!

...

Ooops. Wrong thread.

 

[VF21]

Aaron Bruski ‏@aaronbruski 3m

MT @jonhumbert: Very interesting to see Sac vs Sea approach. Sac leaders open, transparent. Sea has hidden consultant contracts/closed doors

Bob Moffitt ‏@BobMoffitt 3m

City created similar non profit organization to the way the Sheraton grand was funded

 

[The Hammer]

Whoo!DMC looking good!

...

Ooops. Wrong thread.

Haha!!

 

[VF21]

It appears the most important information has been provided. Nice how we got some hints about what the term sheet will include. I've discovered I can't cook dinner, follow Twitter (on a computer because cell phones don't work up here) and watch the game at the same time.

I'll check Twitter in a bit and add any more relevant comments.

Meanwhile, GO KINGS!!!

 

[pshn80]

Sorry but like I said, Ive been here 40 years. Forgive me for being a tad negative. Ive seen it all and it tends to wear on a person. Sorry I don't have you guys's sunny disposition.

Try being here another 4o. They built thecSolons a new stadium after the old one horned down in '48. Just be patient. If it happens now it will truly be miracle and Iam expecting a Miracle. Changing successfully a majors city infrastructure in this short period of a time is a tough, tough job but i'm hopeful.

 

[VF21]

Crown Downtown ‏@CrownDowntown 13m

35 year lease with Kings would happen.

Jonathan Santiago ‏@itsjonsantiago 13m

An opponent thinks that the city's plan to build an arena at the Downtown Plaza is going to destroy the mall. #SacKings

Crown Downtown ‏@CrownDowntown 3m

Opposition asked if Kings go to Seattle, who owns arena. Answer is Seattle. Opposition thinks Seattle will run arena with events.

Crown Downtown ‏@CrownDowntown 3m

City manager answered that Seattle has no reason to invest in Sacramento by running arena with events.

Crown Downtown ‏@CrownDowntown 48s

Very proud of Crown Downtown members. We represented Sacramento to the fullest. #BestInTheWorld

NOTE: We're proud too, Mike, of you and all the other CrownDowntown members. You represent Sacramento AND all of us who live outside of Sacramento but still call it home. Way to go!!!

 

[Gary]

I finally broke my own rule and went there to see what they're saying. They honestly believe the announcement of Vivek as part of the deal is a smokescreen to cover the fact we missed a "major deadline" by not having the term sheet ready today. I guess the Nile isn't jut a river in Egypt. It apparently stretches all the way to Seattle.

It's crazy to see the other side of the coin isn't it? Their view on this whole thing seems like it's a done deal and they are waiting for Sacramento to concede. On the other hand they believe they will not get screwed out of a basketball team for a second time and quite a few of them are only basing opinions strictly on emotion rather than fact, or they are twisting the facts all together.

I know we are putting a lot of emotion in our posts here but they are based more in actual reality. You could tell them that the BOG wouldn't move a team with fan support/arena deal/and a matching offer but they won't listen to it and will instead say "who did the Maloofs sell the team to?", which has nothing to really do with anything anymore. If there were two exact offers and one was to move the team to a non-basketball city and the other was to keep a team in a city which has had them for 30 years and has supported the team the entire time (in which we have had Stern and other owners come out and say we are a model NBA city). It's a non issue really. The BOG will have had to be paid off big time if they decide to move a team for no reason.

 

[VF21]

What I think the Seattle people are conveniently forgetting is that the whole sale to Hansen was done in the dark of night, in backrooms filled with cigar (or something else) smoke by owners who were at the same time telling the people of Sacramento they weren't selling the team. If the Maloofs had been honest in the first place...pause here for laughter...none of this would have happened. If the Maloofs had made a public announcement that the Kings were for sale the whole scenario might have played out differently. But Seattle is defending an attempt at a hostile takeover, so to speak, that was made public before all the stock could be acquired. Bad luck for them but you reap what you sow.

 

[ParniValjak]

This is pretty big news. Another billionaire with international presence in the region where NBA is looking to strongly tap into going forward! Might explain why Stern all of a sudden visited the GSW a few weeks back. Imagine the marketing possibilities in India and Asia in general here. Not to mention that this new owner is a technology Wiz and the ideas he had for Warriors would be applied to the Kings if his bid is successful!

Playing the devil's advocate here (and I know it will not be popular), this whole process from Sacramento's side has been somewhat "labored"! It just seems to be there are too many moving pieces for this stage of the game. Firstly we announce that Mastrov is the lead then now its Vivek Ranadive! It just presents a picture of sloppiness with the process this late and that is something that we don't need. Public perception counts for a lot in these things. It comes off as Burkle and Mastrov not being able to compete with the Hansen bid so they needed someone else to pinch in.

The only saving grace in this whole thing is that Stern might have been in on this from the start and Vivek's pre-existing relationship with the NBA and Stern might be a MASSIVE swing in our favour here but the question remains, why did Mastrov step aside from being the lead so easily? Why couldn't/wouldn't Mastrov and Burkle match the Hansen offer?

But on a positive side, our potential ownership group consist of a part owner of the NBA franchise, a near owner of the same NBA franchise, and a part owner of NHL team that went from the verge of bankruptcy to winning the championship in a state of the art arena negotiated by the owner himself. That is an impressive looking ownership group which ever way you look at it and all 2 are self made rich man who know how to get it done.

 

[Tetsujin]

@MSteinmetzCSN: @Vivek most integral piece of Ws' owner Lacob's minority group & was catalyst in terms of finalizing deal for GSW

If true, this is big

 

[ParniValjak]

If true, this is big

No doubt about it!

Look reading about the man he is the sort of guy you cannot help but like! He is switched on, innovative, analytical and has a great feel for the business side of things. The fact that he already knows Stern and is part of the existing NBA ownership group (even if he was not a key) its a HUGE plus for Sacramento.

There has been a lot of debate of how Seattle is a better market but Vivek's announcement as a lead on this just blew that right out of the water. Kings are once again marketable overseas. Back when we were really good, Vlade, Peja and Hedo ensured that there is a great deal of following throughout the Europe. Speaking from experience as a Serbian, the Kings fever in Serbia was HUGE and even those that were never interested in the NBA would be following the Kings as die hard fans. The TVs would be on, the bars would be full etc... Now Serbia is a small country but imagine what impact the marketing of the Kings would have in India?!

Merchandise, TV rights, marketing and just general overall popularity of the game in India. That is a HUGE bonus for us here and just gets that "market" tick going into our favour. If we match the offer or better it, the big pluses for Sacramento are

* International exposure and gateway to the Asian market via India (a massive tick in Stern's books)
* Big public subsidy for the Arena
* WNBA
* An attractive ownership group of successful self made billionaires that are well known and respected both in business but just as importantly in the sporting circles. Burkle (NHL), Vivek (NBA) and Mastrov (almost NBA and a fitness nut) are all liked and respected by Stern and in NBA circles in general.

Some big pluses in the Sacramento column of the check list.

 

[TaxMan]

It's crazy to see the other side of the coin isn't it? Their view on this whole thing seems like it's a done deal and they are waiting for Sacramento to concede. On the other hand they believe they will not get screwed out of a basketball team for a second time and quite a few of them are only basing opinions strictly on emotion rather than fact, or they are twisting the facts all together.

I actually live up in Seattle now. I had to stop listening to sports talk radio on my commutes home. It was getting completely nauseating. At first they were conflicted over taking another city's team after it happened to them. Then it turned into the thought that sac didn't deserve the team anymore since the city couldn't apparently get its act together and fans weren't going to games. Finally the ridiculing started and they acted as if there was no way the sonics weren't coming back. That was about a month ago. I'd love to see local basketball here but not at the expense of the kings (I grew up in sac and can't image the city without them.) I'm hoping this all works out....go KINGS!!

 

[Schmoe]

I say when this is all said and done we just go ahead and take their desired NHL team too (just to rub salt in the wound).