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Sacramento Kings rumor mill


panthers_2012

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Well that could still happen, they'll still rethinking it & McDonnell is from the HR area, so this could be his last hurrah before he leaves. I'd still say there's a 50-50 chance this gets done. They're still planning a meeting on the 18th. Let's see what happens.

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Bump:

The vote is tonight whether to go ahead or not.

http://hamptonroads.com/2012/12/keep-moving-beach-arena

The Virginia Beach City Council will be asked tonight to bless efforts to negotiate with Comcast-Spectacor to bring an arena and a major league sports team to the city.

There is no deal yet. But the structure outlined last week by city officials - and the potential to have major sports and entertainment events in Virginia Beach - is worth pursuing.

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Bump:

The vote is tonight whether to go ahead or not.

http://hamptonroads....ing-beach-arena

The Virginia Beach City Council will be asked tonight to bless efforts to negotiate with Comcast-Spectacor to bring an arena and a major league sports team to the city.

There is no deal yet. But the structure outlined last week by city officials - and the potential to have major sports and entertainment events in Virginia Beach - is worth pursuing.

But is the deal even doable without the state money?

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Bump:

The vote is tonight whether to go ahead or not.

http://hamptonroads....ing-beach-arena

The Virginia Beach City Council will be asked tonight to bless efforts to negotiate with Comcast-Spectacor to bring an arena and a major league sports team to the city.

There is no deal yet. But the structure outlined last week by city officials - and the potential to have major sports and entertainment events in Virginia Beach - is worth pursuing.

But is the deal even doable without the state money?

Just like most places, they'll find something. Even the governor said there's no room for the budget but that doesn't mean he said no.

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Breaking news...

http://hamptonroads.com/2012/12/va-beach-council-votes-keep-exploring-arena-deal

The City Council voted 9-2 on Tuesday night to keep exploring a deal to build an 18,500-seat arena near the Oceanfront that could be home to a professional basketball team, which sources have identified since August as the NBA’s Sacramento Kings.

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They can explore it all they want, but it's a bad deal and it shouldn't happen for any of the parties involved.

I agree. But being a bad deal hasn't stopped similar deals from going through in the past. And Virginia and BV don't have a history of being screwed by deals like this as most states and municipalities do.

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They can explore it all they want, but it's a bad deal and it shouldn't happen for any of the parties involved.

I agree. But being a bad deal hasn't stopped similar deals from going through in the past. And Virginia and BV don't have a history of being screwed by deals like this as most states and municipalities do.

You'd think, though, that someone in power there can Google the words "Sacramento" and "Maloofs". That should be more than enough to make any sane individual run from the whole deal screaming.

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They can explore it all they want, but it's a bad deal and it shouldn't happen for any of the parties involved.

I agree. But being a bad deal hasn't stopped similar deals from going through in the past. And Virginia and BV don't have a history of being screwed by deals like this as most states and municipalities do.

You'd think, though, that someone in power there can Google the words "Sacramento" and "Maloofs". That should be more than enough to make any sane individual run from the whole deal screaming.

You'd think, but when you have Comcast/Spectacor whispering in your ear that you can trust them I'm sure there's a quite a few politicians who would overlook the Maloof's history.

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  • 3 weeks later...

Some updates....

http://hamptonroads.com/2013/01/virginia-beach-hopes-nba-deal-tips-funding-quest

"If an agreement is reached, city officials can make the pitch to state lawmakers for $150 million to help build the 18,500-seat arena. If there's no deal, the project is dead. Mayor Will Sessoms said he hopes to hear this week from officials at Comcast-Spectacor, the company negotiating with the team, about which way it will go. "It's critical," he said of an agreement. "I can't go to Richmond and plead for money if we don't have a deal."

Sacramento thinks it's dead

http://www.sactownroyalty.com/2013/1/3/3831372/sacramento-kings-relocation-virginia-beach-maloofs-comcast

"Virginia Beach looks dead, and frankly, it probably is. But Virginia Beach does not believe itself to be dead, and so we must pay attention."

"Plus, word is the league believes this all to be a massive waste of time as the Board of Governors has no intention of leaving Sacramento and Seattle without teams while a town with no demand for or history with the NBA gets one."

Yeah, I don't like the chances of it getting done, sure it would be nice to have a team in the state but not with Seattle as a front runner.

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Bump....

It's dead for now, looking good Seattle

http://hamptonroads.com/2013/01/va-beach-mayor-says-arena-project-dead-now

The Oceanfront arena deal is dead for now, suspending once again the region’s long-held hope to land a professional sports team.

Mayor Will Sessoms said this morning: "The city doesn’t see a clear opportunity at this point and as such it's not something we're aggressively going after.”

He said the company that would have operated the 18,500-seat arena will continue to negotiate with the team targeted as the anchor tenant but that the city is done working on the project for now. Sources have said that team is the NBA's Sacramento Kings.

A spokesman for the family that owns the Kings, the Maloofs, said in a statement, “The announcement today from Virginia Beach does not change our long-held position that we will not comment on rumors or speculation about the franchise.”

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