Mark Mastrov

[pillwenney]

I'm not so sure how it is. The league can't make the Maloofs sell to Burkle, who we already know they don't want to sell to.

I mean, right?

[boogie-reke]

They can do whatever they want, in theory - iirc there's the "for the good of the league" thing that is basically a "do whatever we want" rule.

Question is will they want to do that.

[kevin44]

It's too late now. The deal is done & locals would be crazy to pay 525 million for 65% of this team. The whole team is only worth 300 million. We need to get local buyers together & start planning a new arena in hopes of getting the next expansion team.

[Inigo_Montoya]

The offer was 341 million for 65% of the team.

[OGSactownballer]

See, this is what I have been trying to point out over and over again.

The Maloofs are NOT getting 525 million for 65%.

They ARE getting more than hey should and this just goes to prove that they are underhanded gutless crooks. The difference to the full 525 million is the nearly two hundred million dollars owed to Sacramento and the NBA that is due upon sale. They have hooked the Ballmer group into ponying up that cash just to have a shot at a team, and essentially letting the Magoofs off Scott free.

Local ownership would be able to work a new deal for the money owed the city and also pay off the NBA loan at their regular rate so basically the only thing that needs to be met is an arena deal and beating the 341 price for their and Bob Whatshisnames shares.

[Inigo_Montoya]

Burkle + Mastrov bomb

http://blogs.sacbee.com/city-beat/2013/ ... chase.html

[ADoaN17]

Nice. Hopefully KJ can get 1 more big investor.

[kevin44]

If the Maloofs receive the 30 million deposit on Feb 1 as planned it's over. Stern knows he has to be careful because he doesn't want a lawsuit. If Stern can delay or stop the 30 million non refundable payment we have a chance still. Watching the news last night they talking about a chance the Maloofs will walk away from Arco & the 77 million they owe to the bond holders.

[jdbraver]

If the Maloofs receive the 30 million deposit on Feb 1 as planned it's over. Stern knows he has to be careful because he doesn't want a lawsuit. If Stern can delay or stop the 30 million non refundable payment we have a chance still. Watching the news last night they talking about a chance the Maloofs will walk away from Arco & the 77 million they owe to the bond holders.

Says who? You? And you are?

[Dustin5566]

If the Maloofs receive the 30 million deposit on Feb 1 as planned it's over. Stern knows he has to be careful because he doesn't want a lawsuit. If Stern can delay or stop the 30 million non refundable payment we have a chance still. Watching the news last night they talking about a chance the Maloofs will walk away from Arco & the 77 million they owe to the bond holders.

So wrong...

To simplify..Think about buying a house from the owner. Owners agree and sale you the house, however, it is up to the bank to approve the sale or not. If you give the owners $5,000 as a "down-payment" do you think the bank gives a s**t about your personal agreement? NOPE!

Same goes with the NBA, Hanson can give the Maloofs whatever they want in a contract, doesn't matter, that is his bad. He knows the rules. The sale is CONTINGENT UPON....NBA approval.

My guess is the 30 million was just to get the Maloofs to stop complaining and sign.

[VeeJay24]

It's too late now. The deal is done & locals would be crazy to pay 525 million for 65% of this team. The whole team is only worth 300 million. We need to get local buyers together & start planning a new arena in hopes of getting the next expansion team.

Hey kevin 44, I don't know who you are but you can't be a resident of Sacramento or a fan of the Kings! Please stop posting negativity and trying to get people to give up and think this is hopeless!!

Your negativity and doubt is an indicator that you are really on the other side of this and I personally think it does a disservice to the residents of Sacramento.

[SacTown Kings]

If the Maloofs receive the 30 million deposit on Feb 1 as planned it's over. Stern knows he has to be careful because he doesn't want a lawsuit. If Stern can delay or stop the 30 million non refundable payment we have a chance still. Watching the news last night they talking about a chance the Maloofs will walk away from Arco & the 77 million they owe to the bond holders.

Kevin Stern isn't concerned about a lawsuit.The Maloofs threaten a lawsuit last year and Stern politely replied that some of his best friends are anti trust lawyers. If there is any lawsuits it would be between the Maloofs and the Seattle group, if the Seattle wants to give the Maloofs 30 million dollars thats on them, not the nba. The BOG is not going to base their decision on whether the Seattle group pissed away $30 million.

[ICMTM]

It's painfully obvious the Sacramento Kings have been neglected by their current owners.

The thing about Basketball is that people tune in to watch good teams. Kevin Durant in Oklahoma City is popular. He has the 2nd highest selling jersey (small market). Jason Williams at one point was the best selling jersey in the league (small market). It's not like baseball where when the Rays and the Blue Jays are playing people check out. Basketball is marketed by star power. I think Tim Duncan (Spurs) is the exception to the rule, but generally speaking when star players or good teams are in town or on TV people watch.

With that being said your audience goes far beyond your city when your team is good, and therefore the size of your market can mean something, however the ability to have a city embrace your team is invaluable.

IF (and I think KJ is far ahead of the curve here) there is an ownership team in place to keep the Kings in Sacramento and get an arena deal done then the NBA will keep them here. While Seattle is a great market etc etc the only thing wrong with Sacramento is the Maloofs and Sleep Train Arena. Removing the Maloofs and getting a new facility is the only thing preventing this team from being viable. Moving them to another city causes more issues.

Please correct me if I am wrong but Seattle drew a line in the sand after both the Seahawks and Mariners got new facilities that they weren't interested in any kind of new building and that's when the Sonics left? We have several models of new building. The Maloofs have just blocked them all. ALL OF THEM.

Anyway thinking about this objectively it just seems like the NBA would be just as happy removing the Maloof brothers and also keeping the team put. Stern has said on numerous occasions moving is not good. If this were a done deal why even entertain talking to Burkle or KJ at this point?

[pillwenney]

Yeah, for those reasons, I really don't think it's over yet.

One thing though, Seattle does now have a plan for a new arena. It's happening because it's getting a ton of private funding.

[ICMTM]

Yeah, for those reasons, I really don't think it's over yet.

One thing though, Seattle does now have a plan for a new arena. It's happening because it's getting a ton of private funding.

From an article I read so do the Kings/Sacramento. It appears the railyard deal is still there. The Downtown plaza deal is new, and IMO it's THE place the arena should go. Making the railyards its own community is something that is not a good idea in its own right, but that is a different discussion.

The main thing is there is an arena proposal in place and AEG is still on board with it.
http://www.cowbellkingdom.com/2013/01/1 ... rena-deal/

So when I read between the lines the issue is how can the NBA get the Maloofs to sell to Sacramento. The simple answer is they cannot. They can only block a sale to Seattle. If the city can prove it has a team in place to run a good operation locally why would it move them? What city, when ownership is on the up and up, represents their team like we do? We rival maybe the Packers?