Seattle group gets Kings

[catch22]

Are you guys daft? They won't even talk to Sacramento buyers, and shut them down at the door.

How is that not getting through your heads? Is the fact that they went undercover while claiming team is "NOT FOR SALE" and negotiated with other cities not enough?

Is the fact that they closed the deal with Seattle in haste without even talking or giving Sacramento a chance to match or bid higher not enough?

You guys consistently continue to ignore facts.

If they were all about the money, why didn't they give Sacramento time to match or make a bid? why did they close the deal is such haste and force the Kings to make their bid in the BOG meeting? Answer that why don't you.

There's zero logical reason that if they had been offered $600M that they wouldn't have sold to a local ownership group. The Maloofs are terrible owners and might be pissed at Sacramento, but it's pretty obvious they only care about one thing and that''s themselves. Are you telling me they're so pissed at Sacramento they would screw themselves to hold onto a grudge? I don't buy that.

Why did they tell Sacramento potential buyers(and specifically Burkle) the team isn't for sale everywhere, despite negotiating with other cities like thieves in the night?

Why did they not allow or give Sacramento time to match or up the Seattle bid?

Answer me.

I can't answer that, nobody can besides the Maloofs. There's a report that they offered the same deal to Larry Ellison and he wasn't interested. So maybe they did see if somebody would match it and nobody did. Nobody knows for sure.

[boogie-reke]

And there's reports that they refuse to sell to Sacramento owners, from the respected David Aldridge.

Quite a cop out to go with the "nobody knows" - when you're trying to tell us to use logic, yet dismiss it when we counter it.

I didn't ask you what you know, I know you know nothing, and none of us do. I asked you what this looks like - that's what we're all discussing here, how things look.

This looks like this is NOTHING about the money, and this looks like the Maloofs do not wish to sell to Sacramento unless they are forced to by the NBA.

[ThEMvP]

Think about it from a business sense, you're totally thinking from the opposite here.

Whether you're buying a car from the dealership, a home, or in the general business world, a potential buyer can approach the owner, and go:
Buyer: I want to buy this asset, I'll pay X amount over market value, and pay you Y upfront, but you must accept the offer by Z date, and will not be allowed to shop our offer around.
Obviously for a car dealership you wouldn't pay over market value, but I think this example is very clear.

Then obviously, they aren't about the money, or they would have let a bidding war start. Just report how much was offered and see where it goes.

The thing is, all the signs point towards that it has everything to do with the money. Again, Seattle could very well approach the Maloofs, offer then $525mm with an incentive $30mm guaranteed by Feb, and that they'd have to accept the offer within a certain time frame. Remember how the story leaked about a week ago that the Kings were about to move? Then all of a sudden the offer, and more details surfaceyesterday? This could've very well been the conditions Hansen laid out on the Maloofs. $X valuation, $Y guaranteed, by Z date. Take it or leave it.

And if you're the Maloofs, why wouldn't you accept this? It's guaranteed $30 million. If the NBA approves it, they get $30 mil AND the subsequent portion of the $525mm valuation. If the NBA rejects it and goes with KJ's bid, they get another $30 mil for free.

[catch22]

And there's reports that they refuse to sell to Sacramento owners, from the respected David Aldridge.

Quite a cop out to go with the "nobody knows" - when you're trying to tell us to use logic, yet dismiss it when we counter it.

I didn't ask you what you know, I know you know nothing, and none of us do. I asked you what this looks like - that's what we're all discussing here, how things look.

This looks like this is NOTHING about the money, and this looks like the Maloofs do not wish to sell to Sacramento unless they are forced to by the NBA.

So why would they shop the deal to Ellison then?

[boogie-reke]

SACRAMENTO, Calif. -- As Sacramento officials continue to prepare a counter-offer to keep the Kings from being sold to the Seattle-based group led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, it appears they they have their money men.

According to a person with knowledge of the situation, 24-Hour Fitness Founder Mark Mastrov and billionaire Ron Burkle - who is part owner of the NHL's Pittsburgh Penguins - are in serious talks to collaborate on a bid to buy the Kings. The person spoke to USA TODAY Sports on condition of anonymity because of the private nature of the talks. The fact that the two men are willing to join forces is seen as significant by Sacramento supporters. There are five potential owners currently in play, but Mastrov and Burkle are seen as the heaviest hitters among that group.

Burkle is known to be focused on the arena plan that is unfolding at Sacramento's downtown plaza, where the property's new owners, JMA Ventures, have shown an interest in partnering with prospective owners of the Kings on the project. Mastrov made a serious bid to buy the Golden State Warriors before the team was purchased by the Joe Lacob/Peter Guber group in July 2010.

The Maloof family that has a 53 percent majority interest and minority owner Bob Hernreich have reached an agreement with the Hansen-Ballmer group that must be approved by the NBA's Board of Governor's, with the deal set to pay them approximately $341 million for 65 percent of the team (a $525 million valuation). But Sacramento mayor and former NBA point guard Kevin Johson has been told by commissioner David Stern that he still has a chance to save his team if he can provide the funds to compete with the Seattle offer as well as a viable arena plan and present both to the Board of Governors.

http://www.usatoday.com/story/sports/nb ... n/1856939/

[boogie-reke]

And there's reports that they refuse to sell to Sacramento owners, from the respected David Aldridge.

Quite a cop out to go with the "nobody knows" - when you're trying to tell us to use logic, yet dismiss it when we counter it.

I didn't ask you what you know, I know you know nothing, and none of us do. I asked you what this looks like - that's what we're all discussing here, how things look.

This looks like this is NOTHING about the money, and this looks like the Maloofs do not wish to sell to Sacramento unless they are forced to by the NBA.

So why would they shop the deal to Ellison then?

Why would they not shop to deal with Burkle? Why would they not shop to deal with Kevin Johnson and whoever he has contacts with?

[ThEMvP]

Are you freaking kidding me with that godawful exchange and logic?

Yea, Burkle, a man who's worth over 3 billion dollars, would just get shot down at the door and be told "Tell Ron Burkle to return to where ever he came from" on the press, cause they THINK that he might make a "low" bid (What indication do they have to think that? is it the over 3 billion dollar net worth?).

Just stop talking if you're not really understanding and living this situation to know what - and most importantly WHO - you're talking about.

Lol I don't know how to explain it any better. Have you purchased a car from a dealership? Have you purchased a home before? Have you been a part of a business acquisition before?

These are tactics that are commonly used, believe it or not.

Again, no one knows for sure what's going on with the Maloofs, it's all speculation, you know just as much as what I know, which is what's leaked out so far.

The Maloofs may very well hate Sacramento, or hate Burkle. Who knows?

Or Seattle may have just given them an offer that they can't refuse. $30mm guaranteed. $525mm valuation.

Again, everyone has a price.

Answer me this, if your home was worth $300k, and person A was interested and asked you to sell, but you refuse. Then person B walks up, offers you 75% over the market valuation and offered you $525k with $30k guaranteed...would you not think about it?

It's a win/win for the Maloofs. If the deal gets approved for Seattle, they win. If the NBA approves KJ's deal, they win also. How hard is that to understand?

[ThEMvP]

They could've just thought, "let's take the $30 mil, and let Seattle and Sacramento bid against themselves", which makes perfect sense.

[ComboGuardCity]

I guess Burkle's word is now gold. No way he offered the same amount of money. You guys are acting like the Maloofs hung up the phone when Burkle/anyone called. That's not how a proposal works. How the hell did Hansen get enough time to spit out a number then? Burkle's deal probably wasn't attractive enough.

[GREY 1769]

USAToday copy editors being arrested by grammar police as we speak:

"Board of Governor's" Really?!

They could've just thought, "let's take the $30 mil, and let Seattle and Sacramento bid against themselves", which makes perfect sense.

Yeah that's what I was thinking, too. Looks like Burkle's back in play.

Say for whatever reason the BOG rejects the Seattle offer and KJ presents Sac offer, Maloofs can still say no to that? I mean, can the league do anything about their simply not wanting to sell to a Sac group (if that's indeed an intention)?

[ThEMvP]

I guess Burkle's word is now gold. No way he offered the same amount of money. You guys are acting like the Maloofs hung up the phone when Burkle/anyone called. That's not how a proposal works. How the hell did Hansen get enough time to spit out a number then? Burkle's deal probably wasn't attractive enough.

Money talks. In the end, the Maloofs will sell it to the highest bidder, and they're the eventual winners of this deal (with already $30mm guaranteed).

[ThEMvP]

USAToday copy editors being arrested by grammar police as we speak:

"Board of Governor's" Really?!

They could've just thought, "let's take the $30 mil, and let Seattle and Sacramento bid against themselves", which makes perfect sense.

Yeah that's what I was thinking, too. Looks like Burkle's back in play.

Say for whatever reason the BOG rejects the Seattle offer and KJ presents Sac offer, Maloofs can still say no to that? I mean, can the league do anything about their simply not wanting to sell to a Sac group (if that's indeed an intention)?

Ultimately, the final decision is on the Maloofs. It's THEIR team, they can sell to whoever they want. Stern can try to pressure them, or steer them into a certain direction, but again it's their final decision.

[KF10]

I guess Burkle's word is now gold. No way he offered the same amount of money. You guys are acting like the Maloofs hung up the phone when Burkle/anyone called. That's not how a proposal works. How the hell did Hansen get enough time to spit out a number then? Burkle's deal probably wasn't attractive enough.

Watch this video and read the article.

http://www.news10.net/news/local/articl ... Kings-move

You will see who is right or not.

[ComboGuardCity]

I guess Burkle's word is now gold. No way he offered the same amount of money. You guys are acting like the Maloofs hung up the phone when Burkle/anyone called. That's not how a proposal works. How the hell did Hansen get enough time to spit out a number then? Burkle's deal probably wasn't attractive enough.

Watch this video and read the article.

http://www.news10.net/news/local/articl ... Kings-move

You will see who is right or not.

Yes because nobody changes their mind in 18 months.

[HotRocks34]

USAToday copy editors being arrested by grammar police as we speak:

"Board of Governor's" Really?!

They could've just thought, "let's take the $30 mil, and let Seattle and Sacramento bid against themselves", which makes perfect sense.

Yeah that's what I was thinking, too. Looks like Burkle's back in play.

Say for whatever reason the BOG rejects the Seattle offer and KJ presents Sac offer, Maloofs can still say no to that? I mean, can the league do anything about their simply not wanting to sell to a Sac group (if that's indeed an intention)?

Ultimately, the final decision is on the Maloofs. It's THEIR team, they can sell to whoever they want. Stern can try to pressure them, or steer them into a certain direction, but again it's their final decision.

This is my own thought -- how do you actually try to force the Maloofs to sell to a group or party you want them to sell to? I would have to think there could be some serious legal concern there.

The BOG approves or rejects sales and relocations, as far as I understand. But they don't initiate sales, at least not to my knowledge. And why would they? You think any owner on that Board wants to be told, in the future, who he or she is going to sell to as dictated by some outside force? Good luck trying to get owners in the future.

KJ can come and pitch the BOG on a Sacramento deal, but at the end of the day he doesn't own the team. The Maloofs do. The Kings aren't KJ's to sell, or buy.

I'm sure there will be plenty more twists and turns in this game before March (relocation deadline) and April (BOG meeting).