rvrdgsfn Posted April 8, 2013 Share Posted April 8, 2013 Burkle is out of ownership & arena.... Looks like a "whale" got away....http://www.sacbee.com/2013/04/08/5325689/burkle-to-focus-on-building-arena.html Link to comment Share on other sites More sharing options...
bosrs1 Posted April 8, 2013 Share Posted April 8, 2013 Burkle is out of ownership & arena.... Looks like a "whale" got away....http://www.sacbee.co...ding-arena.htmlApparently it was for some strange "conflict of interest" issue which frankly seems odd considering AEG was in the same position last year and no one batted an eye. That said it's not good news for Sac, but it's not really bad news either. Burkle (whom the Maloofs reportedly hated) is out and has been replaced by the Jacobs family (founders and current CEO of Qualcomm). So they traded a big whale for a group of bigger whales. And Burkle will still be involved in the ancillary development around the arena so he's not a total loss either. Link to comment Share on other sites More sharing options...
Jimmy! Posted April 9, 2013 Share Posted April 9, 2013 But couldn't it be perceived as bad to swap partners after a bid has been submitted, after Johnson touted his greatness at the state of the city meeting, and days before a vote? The timing just seems odd. "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...
bosrs1 Posted April 9, 2013 Share Posted April 9, 2013 But couldn't it be perceived as bad to swap partners after a bid has been submitted, after Johnson touted his greatness at the state of the city meeting, and days before a vote? The timing just seems odd.From what KJ is saying the NBA was appraised of the new guy Friedman at the meeting on 4/3. So this wasn't a surprise to them apparently. Link to comment Share on other sites More sharing options...
rvrdgsfn Posted April 11, 2013 Share Posted April 11, 2013 Malloofed again....http://www.sacbee.com/2013/04/10/5332154/source-maloof-family-sets-deadline.html#storylinkThe Maloof family has given the Sacramento investors seeking to buy the Kings until 5 p.m. Friday to submit a written, binding "back-up" offer that matches the deal the family has in place to sell the franchise to a group in Seattle, a source close to the deal told The Bee today.The source told the Bee that if the Maloofs receive a matching offer by Friday, they will consider it as a serious back-up proposal should the NBA nullify their tentative deal with Seattle. If the offer doesn't arrive, or doesn't match the Seattle bid, the Maloofs have said any talks are off with the Sacramento group. Link to comment Share on other sites More sharing options...
bosrs1 Posted April 11, 2013 Share Posted April 11, 2013 Malloofed again....http://www.sacbee.co....html#storylinkThe Maloof family has given the Sacramento investors seeking to buy the Kings until 5 p.m. Friday to submit a written, binding "back-up" offer that matches the deal the family has in place to sell the franchise to a group in Seattle, a source close to the deal told The Bee today.The source told the Bee that if the Maloofs receive a matching offer by Friday, they will consider it as a serious back-up proposal should the NBA nullify their tentative deal with Seattle. If the offer doesn't arrive, or doesn't match the Seattle bid, the Maloofs have said any talks are off with the Sacramento group.Actually this is the first time the Maloofs have openly acknowledged there is even an offer from Sac. If Sac brings the goods the Maloofs have now pigeonholed themselves into a situation where the league can deny Seattle with no fear that the Maloofs would hang on to the team. Granted the onus is on Sac to match, which according to a few sources they may have in fact already done, but once they do the league has a much easier route to keeping the team in Sac. The Maloofs may have Maloofed themselves thinking they were being clever. Link to comment Share on other sites More sharing options...
bosrs1 Posted April 11, 2013 Share Posted April 11, 2013 Wow things have become even more whacky overnight. Last night Chris Daniels from Seattle reported that apparently there is a rift that has opened up in the NBA. Some of the owners are pushing for Seattle. Stern and presumably other owners are pushing for Sac (and Stern may have not only been hand holding Sacramento through their process but actually assisting in their efforts). Then this morning the league put in a request to the Sacramento group to "make Hansen whole" in the event that the league votes against Seattle (ie: Sacramento's new group pays Hansen back the $30 million non-refundable deposit that Hansen paid to the Maloofs). Presumably this would be done to forestall any anti-trust liability on the league's part for denying Hansen the Kings.All of which frankly looks very good for Sacramento if they comply and pay the $30 mil. It gives the league a very easy out in denying Hansen. And with Stern orchestrating it all behind the scenes (because in the end I can't imagine the owners going against the guy they always listen to and who has made them hundreds of millions over a 30 year career) it's starting to look very much like this is Sacramento's game to lose now, not Seattle's. Link to comment Share on other sites More sharing options...
TheOldRoman Posted April 11, 2013 Share Posted April 11, 2013 Excellent. Link to comment Share on other sites More sharing options...
Mac the Knife Posted April 11, 2013 Share Posted April 11, 2013 Wow things have become even more whacky overnight. Last night Chris Daniels from Seattle reported that apparently there is a rift that has opened up in the NBA. Some of the owners are pushing for Seattle. Stern and presumably other owners are pushing for Sac (and Stern may have not only been hand holding Sacramento through their process but actually assisting in their efforts). Then this morning the league put in a request to the Sacramento group to "make Hansen whole" in the event that the league votes against Seattle (ie: Sacramento's new group pays Hansen back the $30 million non-refundable deposit that Hansen paid to the Maloofs). Presumably this would be done to forestall any anti-trust liability on the league's part for denying Hansen the Kings.All of which frankly looks very good for Sacramento if they comply and pay the $30 mil. It gives the league a very easy out in denying Hansen. And with Stern orchestrating it all behind the scenes (because in the end I can't imagine the owners going against the guy they always listen to and who has made them hundreds of millions over a 30 year career) it's starting to look very much like this is Sacramento's game to lose now, not Seattle's.Well, all Sacramento needs is 8 owners in their corner, and for them to stay there, and Seattle doesn't get the Kings no matter what deal the Maloofs and the other parties agree to. Unlike the NFL, the NBA's relocation policies have never even been challenged, let alone defeated, in a court of law... and that won't happen here no matter the outcome. Link to comment Share on other sites More sharing options...
Lights Out Posted April 11, 2013 Share Posted April 11, 2013 Seems pretty clear that the Kings are staying, since the league is publicly spelling out contingency plans for the Sacramento group winning. I bet Seattle gets an expansion team too. POTD: 2/4/12 3/4/12 Link to comment Share on other sites More sharing options...
The_Admiral Posted April 11, 2013 Share Posted April 11, 2013 With all the money that's going into keeping the Kings in place, you have to think they're going to start being run to win. You can't drop half a billion on a small-market team and just keep plodding on the way they have been. ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
ninersdd Posted April 11, 2013 Share Posted April 11, 2013 With all the money that's going into keeping the Kings in place, you have to think they're going to start being run to win. You can't drop half a billion on a small-market team and just keep plodding on the way they have been.The Maloofs didn't really care about the team the last few years, and Petrie made several bad moves as well. I can't wait to see what will happen with the new owners, GM, and coaches. BEAR DOWN ARIZONA!2013/14 Tanks Picks Champion Link to comment Share on other sites More sharing options...
IceCap Posted April 11, 2013 Share Posted April 11, 2013 Seattle/Kansas City 2014 everybody! 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...
Mac the Knife Posted April 11, 2013 Share Posted April 11, 2013 Seattle/Kansas City 2014 everybody!No way. If they're going to add Seattle via expansion, it'll be 2017-18 at the earliest. That would give them time to line up a 32nd city, get the arena built, etc. Link to comment Share on other sites More sharing options...
CubsFanBudMan Posted April 12, 2013 Share Posted April 12, 2013 The NBA doesn't really need a 32nd city. As someone previously said, they've operated at odd numbers for long periods of time. In baseball, it prevents daily matchups, in the NFL it creates extra bye weeks. In the NBA, the only effect is "unfair" divisions. In a league in which something like seven franchises have won all but 2-3 titles since 1980, "competitive balance" is not in their dictionary. Link to comment Share on other sites More sharing options...
Lee. Posted April 12, 2013 Share Posted April 12, 2013 Yes but Quebec City has Welcome to DrunjFlix Link to comment Share on other sites More sharing options...
Lights Out Posted April 12, 2013 Share Posted April 12, 2013 Antonio Gonzalez @agonzalezAP 10hNBA deputy commissioner Adam Silver & prospective Kings owners Vivek Ranadive & Mark Mastrov were at Warriors-Thunder game tonight.Hmmm... POTD: 2/4/12 3/4/12 Link to comment Share on other sites More sharing options...
Lights Out Posted April 12, 2013 Share Posted April 12, 2013 Oh, and the Maloofs have apparently decided that, in spite of their bankruptcy and general incompetence, they want an MLB or NHL team. POTD: 2/4/12 3/4/12 Link to comment Share on other sites More sharing options...
Gothamite Posted April 12, 2013 Share Posted April 12, 2013 No way on earth would Selig let them in MLB. They'd fit right in with Bettman's cronies, though. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
ninersdd Posted April 12, 2013 Share Posted April 12, 2013 No way on earth would Selig let them in MLB. They'd fit right in with Bettman's cronies, though.Them and the Coyotes are a match made in heaven. BEAR DOWN ARIZONA!2013/14 Tanks Picks Champion Link to comment Share on other sites More sharing options...
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