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Is there anything we want on the Kings?

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Is there anything we want on the Kings? 

Post#1 » by shrink » Tue Mar 2, 2010 7:34 am

I've been mentioning that the Kings are in deep financial trouble for some time, but I had no idea until I looked into it tonight. The Maloofs are acting desperate for cash. there's rumors that they were in bed with Bernie Madoff. they are selling their homes. Their fortune was centered around Las Vegas, but it was the epicenter of the economic decline. They invested $600 mil in the Palms to bring it to $900 mil, but stock losses may be as high as 87%, and they could have lost three-quarters of a billion dollars. Saturday they breached their loan covenants, and another company is buying up the Palms! They folded the Monarchs, can't make a profit without a new stadium in SAC, and can't afford one without public support .. which they aren't getting. Their franchise has been near the bottom of the league in attendance for two years, and the Kings have been the NBA's biggest loser in net worth.

Check out Slam Online

Slam Online wrote: What it says about the Maloofs and the Kings is pretty obvious: Sacramento can wave bye-bye to its only major league sports franchise come next summer.


http://www.slamonline.com/online/other- ... -monarchs/

Anyway, this team is either moving, being contracts, or selling off assets for cash. I know Tyreke Evans is beloved, and locked into a cheap deal, but do we have any interest in their pick or Spencer Hawes? I think if a team was willing to eat a Nocioni or Udrih, a lot could be on the table.

BTW - this is how HOU got such a good deal at the deadline. The y made deals with the teams that were the most desperate for financial savings. Well, MIN has it to deal. I think SAC deserves a long hard look.
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Re: Is there anything we want on the Kings? 

Post#2 » by shangrila » Tue Mar 2, 2010 9:19 am

Donte Greene has always interested me and with his success this season I could see him as a good scorer/energy guy off the bench. I'd even take Nocioni back if need be.
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Re: Is there anything we want on the Kings? 

Post#3 » by John Doe [MIN] » Tue Mar 2, 2010 10:34 am

Wow, that sucks for Sacramento. As much as I want Minnesota to have lots of opportunities to turn its cap space into something good, it feels dirty to be pilfering prospects from a team having a fire sale.

The only guy I really like (assuming Landry is also untouchable, given that he's the guy they got for Martin) is Omri Casspi, and I'm not sure he'd even be enough to justify taking on any Udrih, Nocioni, or Garcia, as all three contracts run through 2012 or further.

Are we really sure Sacramento would continue cutting salary? Granted, no team wants some of those bad contracts on their payroll, but Sacramento is only committed to ~$36 million next year. How much more would they realistically look to cut?
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Re: Is there anything we want on the Kings? 

Post#4 » by Esohny » Tue Mar 2, 2010 1:56 pm

The three pieces that interest me are Evans, their pick, and Casspi as a somewhat distant third.

As mentioned, I can't see them trading Evans, but I suppose the pick might be available if we took a bad contract off their hands. If we cut or traded Gomes, I guess we could take on Nocioni. Shrug.
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Re: Is there anything we want on the Kings? 

Post#5 » by shrink » Tue Mar 2, 2010 1:59 pm

You know, that's a good point. While its rarely discussed, there is an NBA minimum team payroll.

Larry Coon wrote: At the other end of the spectrum there is a minimum team salary, which is defined as 75% of the salary cap. Any team that doesn't spend at least that much is surcharged at the end of the season, and that money is given to the players. In practice, most teams' salaries will be higher than the salary cap amount


Slam thinks we'll see contraction

Slam wrote: they simply will not have the resources to make it the NBA. (The fact that the Kings are horrid, and will continue to be horrid for the near future, is another factor, but not nearly as important as the thousands of empty seats 41 times a year.)

In the past, the next step would have been pretty obvious. David Stern and the other owners sift through the list of big-money, big-ego types eager to get some NBA action, squeeze a new arena out of some politicians and developers, and move the Kings somewhere else. But right now, somewhere else looks a lot like nowhere, as there are no obvious candidates, either individual or civic, to take on the moribund franchise.

In short, what we may have is contraction. The Kings’ roster, such as it is, may simply be tossed into a dispersal draft (the WNBA knows just how to handle these, having administered many during its existence), and the ‘10-11 NBA may have one fewer team. The NHL has also been talking about contraction, for the same reasons, and there is a certain historical inevitability that the meteoric rise of professional sports in the United States must be followed by some kind of a fall.


Now a quick trade - most likely a deal with $3 mil in up front cash included, is something I don't consider "taking advantage" of the Maloofs. They need the money to meet their debts, and if their franchise is being contracted anyway, it would probably be greeted favorably (well, not by Kings fans). Imagine this as the "I'm going bankrupt tomorrow, so I'll sell what I can at 50% today."

As I've been saying all along, MIN needs to flex its financial muscle with teams that are hurting. At the trade deadline, HOU was wise to pick the two teams that both needed to move payroll, and we should follow that example.
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Re: Is there anything we want on the Kings? 

Post#6 » by Worm Guts » Tue Mar 2, 2010 2:18 pm

I think we're looking for a player with our cap space, some type of immediate help, as opposed to assets like draft picks. Otherwise I think we would have been more prominent at the deadline.
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Re: Is there anything we want on the Kings? 

Post#7 » by Foye » Tue Mar 2, 2010 2:52 pm

Now, that explains why they didn't want Jeffries contract even though they could have gotten picks and send him to Houston instead. :lol:

What do I want from the Kings?

Evans or their pick? That's about it.
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Re: Is there anything we want on the Kings? 

Post#8 » by shrink » Tue Mar 2, 2010 4:34 pm

Time for an over-the-top prediction

1. SAC and NOH limp through the 2010-11 season
2. NBA goes into a lock-out for 3 months, and the players relent to lower salaries, because they just don't have the deep pockets.
3. The Maloofs are financial history, and Stern can't find a buyer, and agrees for the NBA to absorb their debt and to contract the Kings.
4. George Shinn says, "Contraction? I want in!" and without other buyers, Stern agrees to contract the Hornets as well.
5. To dispel some of this debt, the NBA holds a dispersal draft of the Kings assets. 2011 picks for the teams are not awarded.
6. MIN is still a a lottery team in 2010-11, and is near the front of the line for the dispersal draft.
7. MIL gets shifted (shafted?) to the Western Conference, with three divisions of 5/5/4.
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Re: Is there anything we want on the Kings? 

Post#9 » by horaceworthy » Tue Mar 2, 2010 6:03 pm

Evans, Casspi, Greene and the pick all interest me. Greene seems like the most gettable of any of those, although I don't know that they'll be selling assets this summer.
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Re: Is there anything we want on the Kings? 

Post#10 » by dunkonu21 » Tue Mar 2, 2010 6:44 pm

I really want Millwaukee to be a western conf team so I can hate them.
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Re: Is there anything we want on the Kings? 

Post#11 » by the_bruce » Tue Mar 2, 2010 7:25 pm

shrink wrote:You know, that's a good point. While its rarely discussed, there is an NBA minimum team payroll.


My opinion of this stuff is:
The league minimum payroll should be removed.
The Roster limit should be increased.

Or..
Make contracts not be fully guaranteed

This would allow teams to build around a better risk v reward principle. A team could get lucky have 10 guys signed for ~500k/yr. One of them pans out. Boom team has a valuable asset. NBA teams can easily be profitable without the minimum cap in place. While it's there to make teams stay more competitive I think we have seen it does no such thing because of the guaranteed-ness of contracts and players becoming a huge burden financially when they go down hill.

I think a there would be a decent business market for smaller market teams to find the diamonds in the rough and flip those asstets to other teams and extract future value. Sure it would make them more like "farm" teams for bigger markets, but they could be profitable under such a model.
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Re: Is there anything we want on the Kings? 

Post#12 » by Worm Guts » Tue Mar 2, 2010 7:31 pm

The minimum salary cap is a demand of the players. They want teams to have to spend money on salary. If you take away the minimum cap, you're going to have to take away the maximum too.
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Re: Is there anything we want on the Kings? 

Post#13 » by Narf » Tue Mar 2, 2010 8:34 pm

Far more likely that they move to Seattle than contract imo. That's a pretty big market not to have an NBA team.
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Re: Is there anything we want on the Kings? 

Post#14 » by shrink » Tue Mar 2, 2010 9:05 pm

Narf wrote:Far more likely that they move to Seattle than contract imo. That's a pretty big market not to have an NBA team.


I agree that SEA is big, and Stern would lvoe a team in the market.

Unfortunately, nobody wanted to buy the Sonics, and they felt the city wasn't supporting them. The problem wouldn't be with the city, but with finding an owner.
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Re: Is there anything we want on the Kings? 

Post#15 » by Narf » Tue Mar 2, 2010 9:13 pm

shrink wrote:
Narf wrote:Far more likely that they move to Seattle than contract imo. That's a pretty big market not to have an NBA team.
I agree that SEA is big, and Stern would lvoe a team in the market.

Unfortunately, nobody wanted to buy the Sonics, and they felt the city wasn't supporting them. The problem wouldn't be with the city, but with finding an owner.
It's an investment. You end up putting the team there now with Evans the "budding superstar", Capri, cap space and a nice pick this year and sign a lease with Seattle for 30 years. I'd guess the Maloofs would do that rather than sell the asset at 1/5th it's worth in the worst recession since the great depression.
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Re: Is there anything we want on the Kings? 

Post#16 » by Pumaman » Tue Mar 2, 2010 9:38 pm

Doesn't Seattle also need a new arena before getting another team? That's another obstacle.
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Re: Is there anything we want on the Kings? 

Post#17 » by Winter Wonder » Tue Mar 2, 2010 9:42 pm

Think Evans would cost the most by far, if a deal could be worked out, great, but likely costly even in a fire sale. The pick would be the second most costly and not sure how I feel on that one. Casspi I think would be the easiest prize to aquire in said scenario and would be what I would want for the Wolves. Greene I have never been a huge fan of. Hawes and Thompson are bigs, but they wouldn't be as high on our list with Love, Jefferson (still), Hollins, Darko (possibly), Rights to Pekovic, draft picks (who knows if we grab another big). So though they would be assets, not something I would go after unless something too good to pass up came along for them and not the others.
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Re: Is there anything we want on the Kings? 

Post#18 » by prefuse73 » Fri Mar 5, 2010 12:26 am

I havent checked to see if it works, but what if we could do the infamous Big Al for Prince and 1st rounder deal and then move prince and the utah pick to sacramento for casspi (spelling) and garcia (or Nocioni).

Aldrich (det pick) - Hollins
Love - Sanders (char pick)
Casspi - Nocioni
Turner - Brewer - Ellington
Flynn - Sessions
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Re: Is there anything we want on the Kings? 

Post#19 » by shrink » Sun Mar 7, 2010 2:59 pm

The incredibly low buying price for the Bobcats ($175 mil .. just the franchise fee was $300 when Bob started the Bobs!) has got to have the Maloofs petrified.
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Re: Is there anything we want on the Kings? 

Post#20 » by revprodeji » Sun Mar 7, 2010 8:54 pm

Either Casspi or Greene would need to be considered. Interesting thing is if you look at advanced stats both Greene and Casspi have 70% of their shots as jumpers for Efg of .463 (They are exact on this)

Green carries a negative +/- at the 2 and 3, Casspi has a positive on both.

Greene would have some interest as a big guy who can shoot and the Flynn connection, he is clearly a project, not someone I am sure we would spend cap on to get. Casspi is someone we all know and like and would fit the euro-type feel the team is getting. Casspi hustles and would thrive here. I would consider taking a Noc contract for Casspi, but that is a tough contract to take.
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