The morning after and other news, rumors, etc.
- Thread starter kennadog
- Start date
They're trying to influence votes though by saying to rich teams that they don't have to pay them and to poor teams that they get a bigger share of the pot. I don't think you can write that off as just "this is like everything in business," this is different. This circumvents one of the main points of the CBA.
This just contributes to my larger concern concerning this bid and group... 525 is way too exorbitant a bid that was extorted out of this group concerning the circumstances, and I wonder how they are going to turn a profit on this long term investment. I feel as if this group are made up of a bunch of benevolent people who are helping us out out of pure charitable reasons, a bunch of californians stepping in to save one of their own.
While there may be a certain part that is helping CA, some (Mastrov) just wanting a team, the bigger picture are two things:
1.) The re-development of Sac downtown. This could net them 10X what the Kings do over the next few decades. Sacramento has always been a "what if" city. "What if" there was a viable downtown and things to do? Not only would this lure current residents, it would help people move here and attract tourism. Something that we basically have none of.
2.) Kings Fans. I think these owners see what a loyal fan base there is and how we can be a profit center if treated right and have a winning team.
Those are the two MAIN reasons they are over paying.
1.) The re-development of Sac downtown. This could net them 10X what the Kings do over the next few decades. Sacramento has always been a "what if" city. "What if" there was a viable downtown and things to do? Not only would this lure current residents, it would help people move here and attract tourism. Something that we basically have none of.
2.) Kings Fans. I think these owners see what a loyal fan base there is and how we can be a profit center if treated right and have a winning team.
Those are the two MAIN reasons they are over paying.
Not sure what you mean by "circumvent" in this instance ("taking the argument out of the equation" - I assume you mean this), but if the owners were planning to spend enough on players (and it sounds like they are), then this is a moot point. As others have mentioned, if this is the case they weren't going to receive the payments anyways. They are likely effectively giving up nothing but scoring "brownie points" for promising to do it.
Astute observation I'd say.
I've thought all along about this as much more of a gigantic real estate deal than just buying the Kings. The Kings will be a fun asset, and I'm sure they'll invest to make them winners, but the real money to be made is in the redevelopment of slash basically building of an urban downtown. We still don't know who owns what amongst the whales in this whole deal, but my gut tells me they all have a piece of the real estate pie. These guys are basically going to own a downtown in an up and coming California metropolis.
I've thought all along about this as much more of a gigantic real estate deal than just buying the Kings. The Kings will be a fun asset, and I'm sure they'll invest to make them winners, but the real money to be made is in the redevelopment of slash basically building of an urban downtown. We still don't know who owns what amongst the whales in this whole deal, but my gut tells me they all have a piece of the real estate pie. These guys are basically going to own a downtown in an up and coming California metropolis.
Precisely!
If the ownership group are planning to spent and put a winning product on the floor, then they will NOT be getting any income from revenue sharing anyway. If you have a team that is close to or actually paying luxury tax, you are not part of the revenue sharing.
I am not worried about this one bit. In fact it is a very smart move by the ownership group. Give up something that we likely would not have taken anyway in order to score some brownie points with those that thing revenue sharing is a big deal.
This whole transaction is MUCH MUCH bigger than the Kings. This is about the realestate money that will get generated here. The money that these guys will cash in from the redevelopment of the down town will more than make up for their buying price of the franchise. Remember, they are cashing out $341 million and not $525 million. They will get back 3 times that amount once its all said and done.
We will take reduced amount while we are still playing at STA but once the arena is built and the redevelopment around it starts kicking off, we wouldn't have received anything from the revenue sharing anyway.
If the ownership group are planning to spent and put a winning product on the floor, then they will NOT be getting any income from revenue sharing anyway. If you have a team that is close to or actually paying luxury tax, you are not part of the revenue sharing.
I am not worried about this one bit. In fact it is a very smart move by the ownership group. Give up something that we likely would not have taken anyway in order to score some brownie points with those that thing revenue sharing is a big deal.
This whole transaction is MUCH MUCH bigger than the Kings. This is about the realestate money that will get generated here. The money that these guys will cash in from the redevelopment of the down town will more than make up for their buying price of the franchise. Remember, they are cashing out $341 million and not $525 million. They will get back 3 times that amount once its all said and done.
We will take reduced amount while we are still playing at STA but once the arena is built and the redevelopment around it starts kicking off, we wouldn't have received anything from the revenue sharing anyway.
To piggyback on what everyone is pretty much saying, this is Ranadive's way of promising that he will do everything he can each year to field a winning team and not tank just and collect revenue sharing money. Basically, he's showing contrast between himself and the Maloofs. And quite possibly Hansen, if the reports are to be believed that they way Hansen is financing the arena, it will make that team a recipient of revenue sharing.