Why I Hate the Maloofs

[Jer]

The profit brought in by an arena isn't all that much compared to the enormous investment and expense it costs to build and maintain it. The Maloofs don't want to pay the lion's share simply because it doesn't make business sense, and because the city has an equal or greater amount to gain from such a project materializing.

The ownership, I'm afraid, is the least of the Kings' concerns

 

[GreenKing]

And I would be fine with that...except that ticket prices are STILL rising. That is what is ridiculous. The ticket prices would be stomachable if the team was good. It is not, though, because they have cut the payroll. So now we are paying top dollar for a bottom 10 in the league product. That's just unfair. I still maintain that a sports team is not like another business. If you have the money for it, and are willing to lose some of that money for the pleasure of running a team, then go for it. If not, sell the team, move on.

Eventually even the "muggle" fans will be pissed off with the cost of going to see a kings game. It costs less to drive to Oakland, buy tickets, food, parking, and beer than it does to just go to a kings game and pay for parking. And hey the Warriors are fighting for first place. Where are the Kings? Oh yeah at the bottom of the cellar.

 

[Wuster]

Interesting to me... this bashing of the owners. Without launching into the details, I fundamentally disagree with it. These guys have done a marvelous job since they took over the franchise. Long term fans understand that. Of course, they're not perfect. And, oh ya, they ARE businessmen facing the myriad challenges.

 

[xelxock]

Mostly agree..

I don't hate the Maloofs, but recognize them for what they apparently are--successful businessmen for whom the bottom line is the dollar, not the team, loyalty to Sacramento or fans therein. I have long suspected their main objective is to take the Kings to Las Vegas where they can more-or-less consolidate their "kingdom" all within one municipality. I think Sacramento should concentrate on creating an arena for the purpose of, #1, providing a top-notch entertainment facility for its citizens and #2, perhaps attract another NBA team a bit further down the road, and maybe even lure a major league baseball team to the area. Why should mostly working-class, Kings ticketholders foot the bill for a facility the Maloofs could build with a year's profits from the Palms Hotel/Casino?

 

[Bricklayer]

I don't hate the Maloofs, but recognize them for what they apparently are--successful businessmen for whom the bottom line is the dollar, not the team, loyalty to Sacramento or fans therein. I have long suspected their main objective is to take the Kings to Las Vegas where they can more-or-less consolidate their "kingdom" all within one municipality. I think Sacramento should concentrate on creating an arena for the purpose of, #1, providing a top-notch entertainment facility for its citizens and #2, perhaps attract another NBA team a bit further down the road, and maybe even lure a major league baseball team to the area. Why should mostly working-class, Kings ticketholders foot the bill for a facility the Maloofs could build with a year's profits from the Palms Hotel/Casino?

People have such a warped view of the moeny the Maloofs earn vs. the cost of an arena.

The whole family together might be worth a billion. As in tied up in various businesses etc. Not a billion in a back account.

An arena could easily cost $300 mil if done right. That's 1/3 of the entire family's net worth, let alone its annual profits (which I am sure are in the many millions, but not even remotely $300mil).

 

[xelxock]

$$$

My reference to the Maloof's money was tongue-in-cheek but, the fact is, the citizens of Sacramento should not be asked to shell out for an entertaiment venue designed primarily for the NBA. The first consideration should be a facility that can provide space to entertain the majority of taxpayers. If it's built to be primarily an NBA facilty, and one that will continue the current trend of exhorbitant ticket prices, $10 parking, $9 beers and $7 french fries, a "team store" with not a sale rack in sight, then the Maloofs can and should pay for all or most of it.

 

[Bricklayer]

My reference to the Maloof's money was tongue-in-cheek but, the fact is, the citizens of Sacramento should not be asked to shell out for an entertaiment venue designed primarily for the NBA. The first consideration should be a facility that can provide space to entertain the majority of taxpayers. If it's built to be primarily an NBA facilty, and one that will continue the current trend of exhorbitant ticket prices, $10 parking, $9 beers and $7 french fries, a "team store" with not a sale rack in sight, then the Maloofs can and should pay for all or most of it.

I would obviosuly say that any new arena would not be "primarily" for the NBA, if total # of dates is any indication, anymore than Arco is currently. There are only 41 home games + 4? preseason + at an absolute max 16 playoffs (which would be very rare). That's a grand total of 60 dates -- maybe 45 in a year like this with no playoffs. And that's of course assuming you don't scehdule things earlier or later on any of those days.

Leaves about 300 days a year on the calendar that can be about things other than the NBA.

When the Maloofs offered to chip in 1/4 of the price of a new arena, that was actually not too far off of the number of nights they actually would be using it (even counting the considerably less profitable WNBA).

 

[Warhawk]

My reference to the Maloof's money was tongue-in-cheek but, the fact is, the citizens of Sacramento should not be asked to shell out for an entertaiment venue designed primarily for the NBA. The first consideration should be a facility that can provide space to entertain the majority of taxpayers. If it's built to be primarily an NBA facilty, and one that will continue the current trend of exhorbitant ticket prices, $10 parking, $9 beers and $7 french fries, a "team store" with not a sale rack in sight, then the Maloofs can and should pay for all or most of it.

If done correctly, the "citizens of Sacramento" won't need to shell out - it could be taken out of taxes levied on business areas supported by visitors to the area (hotels, etc) or financed by land sale proceeds.

Even if the Kings are the largest SINGLE user of the facility, it is still only for about 41 (this year) to maybe 55 maximum nights a year. That's about 15% of the available nights a year at the most. The rest of the nights are local events (school graduations, local championship games), concerts, Monster Trucks, the circus, ice skating, etc, etc. If we had a QUALITY arena, we could also attract high quality events like NBA All-Star events, etc. The existing ARCO is already limiting some events because it's age and condition and amenities do not allow for a rapid enough turn-around between events, etc.

And exactly why do you think the city will pull it's collective head out of it's rear to get an arena deal later when the Kings are gone and not now while we have a great NBA franchise/ownership here already?

 

[Warhawk]

Ooops - brick beat me to it.

 

[Diehard Jim]

Brick,Hawk
GREAT POINTS!

Besides the Kings the Arena is a City of Sacramento Tax bundle! There is Something Going on there almost every single day of the year like has been stated, and every $$$ that flows through there creates taxes!!

For anyone to expect the owners of the team to pay the full amount for an arena is garbage, generally these new arenas boost the areas they are in and bring life to excisting and future businesses. the tax income alone will pay for the arena in 5 years most likely.

Like I said before if it was your money you would think differently about the way it was spent!

 

[VF21]

The thing that is not being talked about is why have they had to jack ticket prices?

BECAUSE THEY HAVE AN OLD ARENA WHICH DOES NOT ALLOW THEM TO KEEP COMPETITIVE PRICES!

It sucks that ticket prices have escalated, but the maloofs have also turned arco into a better experience than just some cow town gym that was in the middle of nowhere when it was built!

The maloofs have dropped a lot of cash on big salaries, and where does this money come from? a major portion is supposed to come from arena money and without luxury skyboxes they have a major cash flow problem.

It is really easy to blame someone, but to be this angry at people who have actually taken this team from the scrapyard and put it into the limelight of the nba is a travisty. The maloofs are a class act and do more for the city of sacramento, than just own an nba team.

Bravo.

I was flabberghasted (and it's never good to have a ghasted flabber) when I read the first post in this thread...

The Maloofs aren't responsible for most of this stuff. And, even if they were, it's not like the Kings are the only team to come close to the prize and then plummet downward. Stuff happens. Look at the Lakers.

Is Dr. Buss submarining his team so he can move THEM to Vegas, which might be very interesting considering how enamored LA is of glitz and glitter anyway...

Anyone who doesn't think the Maloofs get excited about this team - or the Monarchs, for that matter - hasn't really been paying attention. Joe and Gavin love the game, they love the Kings. They have never been anything but kind and generous when asked to contribute to a myriad of charities in the area.

People who are insistent on lambasting them really need to reconsider what they're saying IMHO.

 

[Wuster]

Bravo.

I was flabberghasted (and it's never good to have a ghasted flabber) when I read the first post in this thread...

The Maloofs aren't responsible for most of this stuff. And, even if they were, it's not like the Kings are the only team to come close to the prize and then plummet downward. Stuff happens. Look at the Lakers.

Is Dr. Buss submarining his team so he can move THEM to Vegas, which might be very interesting considering how enamored LA is of glitz and glitter anyway...

Anyone who doesn't think the Maloofs get excited about this team - or the Monarchs, for that matter - hasn't really been paying attention. Joe and Gavin love the game, they love the Kings. They have never been anything but kind and generous when asked to contribute to a myriad of charities in the area.

People who are insistent on lambasting them really need to reconsider what they're saying IMHO.

Amen.

 

[RoyalDiva]

Ditto

 

[Gary]

I agree...

If they are going to have some of the highest ticket prices in the league than they better get the best damn team out there they can. Which is obviously something they are either working on now, or they majorly messed up.

 

[grandmastapoop]

I did not say to give the maloofs a free pass, but DAMN~ where was this when the kings were winning?
Your points are like water on a ducks back, they just keep rolling off and really do not mean much.
There are bigger issues than the maloofs.
The fact that the political figures in sacramento do not want to work on keeping the kings is a joke and not wanting to front a mojority of the bill when all this does is create more jobs, taxes and income for the city is crazy. I could see if the maloofs built the entire arena with there own money and did not have to pay the city taxes, but this will never happen.
The fact is you have to look at the maloofs in the big picture, they are losing money on this franchise no matter how you want to look at it.
most people on this board if they lost 10% of their income every year and had nothing to show for it would do things to change it, and that is what the maloofs have been doing! It is unfortunate that it has come at the expense of our beloved Kings but this is just the business of the nba.
Some people act as though the Kings franchise has an unlimited flow of money! Being in a small market combined with the best fnas in the world does not equate to money.
And to only look at the maloofs as owners of the Kings and to not also bring in all of the good things they have contributed to the people and fans is CRAZY!
You have to take the bad with the good, And I would rather have the franchise of the Kings in the state they are in now than the one before the maloofs!

Case in point: Driving home today listening to KHTK and they are ripping the Kings. And who do the blame and ask for calls to see who people blame?

1) The players
2) Adelman
3) Petrie

Why don't the Maloofs even get MENTIONED??? Why are they not partially to blame?

 

[BigWaxer]

Why don't the Maloofs even get MENTIONED??? Why are they not partially to blame?

I must of missed it. Joe, Gavin running the floor, making baskets... What game was that again? Give me a break are you kidding me.

You want them to spend more, pay a Lux Tax so you are happy in your world. You are all fine and dandy with them spending their money. This thread and topic is beyond words for me.

Its the players on the floor, The blame goes to them, Petrie and Adleman. I think the Maloofs have proven they want a team that competes. Put up some evidence or stop this IMO.

 

[kennadog]

I don't think the Maloofs get a free pass. They hire the people who run the team. They get the final say. They pay for everything. But they have hardly gotten a free pass. They have been majorly vilified here in Sacramento in everyway imaginable. Whoever their PR person is is the one who should really be fired, IMHO. So why do people talk about GP, RA or the players, when they talk about making changes? Because the owners can't be fired. They'll be the owners until they don't want to be the owners anymore (to paraphrase Petrie )

 

[kennadog]

I must of missed it. Joe, Gavin running the floor, making baskets... What game was that again? Give me a break are you kidding me.

You want them to spend more, pay a Lux Tax so you are happy in your world. You are all fine and dandy with them spending their money. This thread and topic is beyond words for me.

Its the players on the floor, The blame goes to them, Petrie and Adleman. I think the Maloofs have proven they want a team that competes. Put up some evidence or stop this IMO.

Amen

 

[Jerryaki]

if the maloofs aren't trying to get the team out of there, how do you explain the way they are really alienating their fans this year? gold uniforms anyone?!?!

just kidding. =)