Voisin on David Stern and G1C

[Capt. Factorial]

Voisin has a good article up today about David Stern's role in keeping the Kings in Sacramento - probably a must read whether you like her or not.

http://www.sacbee.com/sports/spt-columns-blogs/ailene-voisin/article105076446.html

The most interesting thing in the article, at least to me, is a clarification of the revenue-sharing concessions that the Ranadive group made during the negotiations. It had previously been reported that the Kings would forgo all revenue sharing once the G1C opened. But here according to Voisin:

And would Ranadive agree to accept a reduced amount of revenue-sharing – a team’s percentage of the NBA’s overall earnings – until the doors on the new arena opened, a condition put forth by several owners?

The revenue-sharing issue proved to be a potential deal-killer, the last major hurdle to be overcome. Earlier this week, Ranadive revealed that he struggled with the notion of relinquishing three years worth of league-generated funding, which he estimated at approximately $30 million. Ballmer, by contrast, had agreed not to take any revenue-sharing.

...

Stern intervened and essentially saved the deal, suggesting the Kings accept about half of the anticipated revenue-sharing before the arena was completed...

So that means that contrary to some earlier reports, we are not losing our revenue sharing now - we're getting it all the way back.

 

[bajaden]

Voisin has a good article up today about David Stern's role in keeping the Kings in Sacramento - probably a must read whether you like her or not.

http://www.sacbee.com/sports/spt-columns-blogs/ailene-voisin/article105076446.html

The most interesting thing in the article, at least to me, is a clarification of the revenue-sharing concessions that the Ranadive group made during the negotiations. It had previously been reported that the Kings would forgo all revenue sharing once the G1C opened. But here according to Voisin:



So that means that contrary to some earlier reports, we are not losing our revenue sharing now - we're getting it all the way back.

Bottom liine is, whether you liked Stern or not, he was a large part of why the Kings are still in Sacramento. Interesting about the revenue sharing. 30 mil is nothing to sneeze at. At least we got enough to pay Rudy's salary for a year... I have to go figure out how many six packs that is.

 

[King Baller]

Bottom liine is, whether you liked Stern or not, he was a large part of why the Kings are still in Sacramento. Interesting about the revenue sharing. 30 mil is nothing to sneeze at. At least we got enough to pay Rudy's salary for a year... I have to go figure out how many six packs that is.

Depends on what brand you are drinking. Plus what ever tax they charge in Mexico

 

[Dime Dropper]

Voisin has a good article up today about David Stern's role in keeping the Kings in Sacramento - probably a must read whether you like her or not.

http://www.sacbee.com/sports/spt-columns-blogs/ailene-voisin/article105076446.html

The most interesting thing in the article, at least to me, is a clarification of the revenue-sharing concessions that the Ranadive group made during the negotiations. It had previously been reported that the Kings would forgo all revenue sharing once the G1C opened. But here according to Voisin:



So that means that contrary to some earlier reports, we are not losing our revenue sharing now - we're getting it all the way back.

There's a first for everything

 

[Section 101]

Voisin has a good article up today about David Stern's role in keeping the Kings in Sacramento - probably a must read whether you like her or not.

http://www.sacbee.com/sports/spt-columns-blogs/ailene-voisin/article105076446.html

The most interesting thing in the article, at least to me, is a clarification of the revenue-sharing concessions that the Ranadive group made during the negotiations. It had previously been reported that the Kings would forgo all revenue sharing once the G1C opened. But here according to Voisin:



So that means that contrary to some earlier reports, we are not losing our revenue sharing now - we're getting it all the way back.

ya it was the last 3 years they didn't get it. That's why they were cheap on a lot of things.

 

[Padrino]

"That first game here in 1985, the traffic (on I-5) was bumper to bumper as far as the eye could see," [Stern] said, looking down at the city. "You were in the car with me. Didn't we get pulled over? I remember telling the driver to pull into the emergency lane, and the next thing I know, there is a red light behind us. So I told the officer, 'I'm the NBA commissioner, and I'm going to Arco Arena, and I need to get there before tipoff. Can you help?' He said, 'follow me,' and escorted us to the building."

this is a wonderful little anecdote!

 

[KingsFanSince85]

The revenue sharing is great news. An additional 10M per season can make a huge difference.