tp49 Posted April 29, 2011 Share Posted April 29, 2011 From today's Bee the full article is here Anaheim has sweetened their deal with Samueli raising the amount of his personal loan to the Maloofs to $75 million and is now offering to buy a minority interest in the team with Honda Center officials agreeing to now spend $75 million in improvements to the building to make it NBA ready instead of the originally proposed $20 million.Guess we'll all find out what the Maloofs are going to do Monday. The Anaheim deal looks like a deal with the devil but the Maloofs really have two choices either outright sell (to Burkle or Samueli) or give up significant control. They are also going to have to make huge inroads PR wise should they decide to remain in Sacramento as they are damaged to the point of being beyond repair. Link to comment Share on other sites More sharing options...
McCall Posted April 29, 2011 Share Posted April 29, 2011 From today's Bee the full article is here Anaheim has sweetened their deal with Samueli raising the amount of his personal loan to the Maloofs to $75 million and is now offering to buy a minority interest in the team with Honda Center officials agreeing to now spend $75 million in improvements to the building to make it NBA ready instead of the originally proposed $20 million.Guess we'll all find out what the Maloofs are going to do Monday. The Anaheim deal looks like a deal with the devil but the Maloofs really have two choices either outright sell (to Burkle or Samueli) or give up significant control. They are also going to have to make huge inroads PR wise should they decide to remain in Sacramento as they are damaged to the point of being beyond repair.Thing about that is, it's the fans who want the Kings to stay. So if they do, what are the fans gonna do? Not show up to the games to stick it to them? That'll just show the league that they should've let them leave this year and will almost guarantee that next year would be their last. They'd also lose any sympathy from the rest of the country for getting a second chance and not showing support. Yeah, the Maloofs will be booed royally (pun intended), but that's about all the fans can afford to do. https://dribbble.com/MakaioCall Link to comment Share on other sites More sharing options...
bosrs1 Posted May 2, 2011 Share Posted May 2, 2011 It's official. The Kings are staying in Sacramento for at least one more season to see if they can work something out there. The Maloofs caved to the NBA pressure and they obviously don't have the scratch to go to court. http://www.ocregister.com/sports/anaheim-298715-arena-nba.html Link to comment Share on other sites More sharing options...
CubsFanBudMan Posted May 2, 2011 Share Posted May 2, 2011 From the AP story, it seems the Maloofs are putting it squarely on Kevin Johnson to get a new arena deal done within a year or else we'll do this all again next year. Doesn't seem like they will put much effort toward it. Link to comment Share on other sites More sharing options...
pmoehrin Posted May 2, 2011 Share Posted May 2, 2011 It's official. The Kings are staying in Sacramento for at least one more season to see if they can work something out there. The Maloofs caved to the NBA pressure and they obviously don't have the scratch to go to court. http://www.ocregister.com/sports/anaheim-298715-arena-nba.htmlThis story is changing from we're moving the team because we can't get an arena deal done to we're moving the team because we can't get an arena deal done, and we need money. Those two aren't the same thing. If your having cash flow issues, what should the league believe that you moving the team is going to solve those? Its not like Sacramento brings in zero revenue. This is not the poorest franchise by a long shot.On top of that your talking about moving to a market that already has two NBA teams.I gotta feeling the Maloofs are soon going to join the Wilpons and the McCourts for owners using their franchise as financial equity to keep their heads aflot because of outside dealings. If the Maloofs are heavily invested in real estate as I think they are, they had to take a pounding. I'm talking losing hundreds of millions of dollars. They went from being one of the poorest owners in the NBA to one of the richest almost overnight. Something tells me they went right back down the ladder again.The NBA may wind up telling them that if they have equity issues they should sell the team, because it is not the job of the league office to bail out owners because of personal investments and if that is a main driving force in this move, they aren't doing it. Link to comment Share on other sites More sharing options...
Jimmy! Posted May 2, 2011 Share Posted May 2, 2011 From the AP story, it seems the Maloofs are putting it squarely on Kevin Johnson to get a new arena deal done within a year or else we'll do this all again next year. Doesn't seem like they will put much effort toward it.If you're the Maloofs, and you're trying to get out of Sacto, it's not a bad move on their part. If they do end up moving, they can attempt the "Hey, we tried. Johnson just couldn't get it done for us." argument. "I secretly hope people like that hydroplane into a wall." - Dennis "Big Sexy" Ittner POTD - 7/3/14 Link to comment Share on other sites More sharing options...
omnivore Posted May 3, 2011 Share Posted May 3, 2011 Should be interesting to see how it all ends up. NCFA-FCS/CBB: Minnesota A&M | RANZBA (OOTP): Auckland Warriors | USA: Front Range United | IFA: Toverit Helsinki | FOBL: Kentucky Juggernaut Minnesota A&M 2012 National Champions 2013 National Finalist, 2014 National Semi-finals 2012, 2013, 2014 Big 4 Conference Champions Link to comment Share on other sites More sharing options...
dfwabel Posted June 1, 2011 Share Posted June 1, 2011 Well, here is Sacramento's Feasibility Study for a new facility.18,594 basketball capacity50 suites25 "mini-suites"4 party suitesSTART-UP EXPENSES $ 2,500,000SALES & MARKETING $ 850,000LAND ACQUISITION & SITE DEVELOPMENT $ 18,150,000DESIGN/PROFESSIONAL SERVICES $ 17,825,959LEGAL & GOVERNMENTAL SERVICES $ 1,100,000PROJECT ADMINISTRATION $ 14,094,973CONSTRUCTION $ 257,836,846SYSTEMS & EQUIPMENT $ 30,200,000PERMITS, TESTING,FEES, TAXES & SPECIAL ASSESSMENTS $ 16,135,980INSURANCE, FINANCING & TRANSACTION COSTS $ 9,500,000Owner Contingency (Recommend 5%) $ 18,409,688TOTAL $ 386,603,445TOTAL PROJECT BUDGET $ 386,603,445 Link to comment Share on other sites More sharing options...
IceCap Posted June 1, 2011 Share Posted June 1, 2011 Considering the state doen't have two pennies to rub together.... PotD 26/2/12 1/7/15 2020 BASS Spin the Wheel, Make the Deal Regular Season Champion 2021 BASS NFL Pick'em Regular Season Champion Link to comment Share on other sites More sharing options...
DarkJourney Posted June 2, 2011 Share Posted June 2, 2011 Considering the state doen't have two pennies to rub together....Much like the rest of America. Broke. Link to comment Share on other sites More sharing options...
Gothamite Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
IceCap Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.The solution is obvious: Move the Kings to Glendale! PotD 26/2/12 1/7/15 2020 BASS Spin the Wheel, Make the Deal Regular Season Champion 2021 BASS NFL Pick'em Regular Season Champion Link to comment Share on other sites More sharing options...
McCall Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.The solution is obvious: Move the Kings to Glendale!Before or after they blow up Jobing.com Arena? https://dribbble.com/MakaioCall Link to comment Share on other sites More sharing options...
Gary Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.The solution is obvious: Move the Kings to Glendale!Before or after they blow up Jobing.com Arena?You don't get it do you, blowing up Jobing.com Arena would be everything against God Link to comment Share on other sites More sharing options...
McCall Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.The solution is obvious: Move the Kings to Glendale!Before or after they blow up Jobing.com Arena?You don't get it do you, blowing up Jobing.com Arena would be everything against GodHeh, who's it really gonna hurt? https://dribbble.com/MakaioCall Link to comment Share on other sites More sharing options...
pmoehrin Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.Well its either pay $25 million or have a brand new arena turn into a white elephant.At least with paying the $25 million they're getting something for it. If they don't then they're essentially out a $180 million arena. Link to comment Share on other sites More sharing options...
McCall Posted June 2, 2011 Share Posted June 2, 2011 And yet Glendale, AZ can find another $25M/year to prop up their unwanted hockey team.Well its either pay $25 million or have a brand new arena turn into a white elephant.At least with paying the $25 million they're getting something for it. If they don't then they're essentially out a $180 million arena.Jobing.com is in a win-win situation. Building stays open, they got advertising through naming rights. Building's demolished, they got a wave of new customers. https://dribbble.com/MakaioCall Link to comment Share on other sites More sharing options...
The_Admiral Posted June 2, 2011 Share Posted June 2, 2011 You know, basketball is the one sport that Phoenix does support on a regular basis. Try putting a team in Glendale for people who can't get Suns tickets, don't feel like driving ALL THE WAY DOWNTOWN BECAUSE DRIVING IS SO HARD THERE, or aren't comfortable with Steve Nash supporting immigrants and gays. So crazy, it just might work. ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
UnclearInitial Posted June 2, 2011 Share Posted June 2, 2011 So crazy, it just might work.Can't be crazier than putting a hockey team in the desert, right? Link to comment Share on other sites More sharing options...
Gothamite Posted June 3, 2011 Share Posted June 3, 2011 So crazy, it just might work.Can't be crazier than putting a hockey team in the desert, right?Well, now you're just spouting nonsense. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
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