Seattle rumors/comments - post them here!

[Kings Faithful]

1140 just reported a rumor from another tweet saying... Maloofs have rejected Seattle offer.....

[fansinceday1]

from KHTK
according to CBS 13's steve large, the maloofs have shot down the seattle groups offer.

[bajaden]

Yeah, I just got a tweet from Aaron Bruski that the Maloofs have rejected Seattles offer. And here's a excerpt fomr Amicks collumn.

A person with knowledge of the Kings situation told USA TODAY Sports that the minority owners of the team haven't been informed of the sale as of early Wednesday afternoon. The person spoke on condition of anonymity because of the sensitivity of the situation. The person said terms of the ownership agreement dictate minority owners must be told before a sale is complete.

What's more, according to two people who spoke on the condition of anonymity because of the sensitivity of the situation, the league issued a memo to owners on Wednesday warning them not to comment on the Sacramento situation. The memo did not include any detail about the state of the any negotiations.

Its never a dull moment with the Maloofs. Hey, maybe George tried to broker a deal with Seattle, and Gavin and Joe overuled him. I can hope can't I? Or, maybe Burkle called and offered the same amount, but gave the Maloofs a bigger percentage of the team. It could happen!

[swisshh]

Is Sacramento going to be saved by the Maloofs dumbassery?

[Jose]

from KHTK
according to CBS 13's steve large, the maloofs have shot down the seattle groups offer.

Maybe they want Hansen to give them all the revenue from the new arena?

[Hoovtrain]

These guys are grade A morons.

[HndsmCelt]

I think the NBA owners COULD help out here by not approving the move, but unless a close offer is made to KEEP the team in Sac I don't see that happening. Truth is the team is only worth 500 million in a larger market. I hope I am wrong.

[macadocious]

https://pbs.twimg.com/media/BAMpxyGCEAE55vM.jpg:large

lol

[bajaden]

Is it over? It's up to the NBA. Does the NBA rubber stamp the deal or does it give local ownership groups a chance to match? That's the only question. Up until now, I was under the impression that any sale of the Kings would be a bit more, shall we say, openly done than the underhanded **** the Mfaulcokoefrss have apparently pulled here, but I suppose that was a bit optimistic. Not even giving a local group the opportunity to buy is just the final knife in the back. But there is the question of whether the NBA will allow it.

That is the question. I think we were all under the impression that Stern would do everything possible to keep the Kings in sacramento. To not allow local buyers an opportunity to make a bid for the team would be a slap in the face to sacramento. As the article pointed out, a local buyer could actually offer less, and the Maloofs could walk away with more, depending on how much of the debt the Seattle group is willing to absorb along with the sale price. A local owner could also offer the Maloofs a bigger percentage of the Kings than Hanson is offering. My point is, a local Billionaire has more leverage on his side than a billionaire in Seattle. Of course first we have to have one said Billionaire step up to the plate.

[bajaden]

We all wanted the Maloofs to sell the team. Well, apparently they're open to doing that now. Did we think that would be an easy process? Did we forget that were dealing with the Maloofs, and that selling, is what they do for a living. If your going to get the highest price for something, you try and get more than one fraction into a bidding war. You don't just sell to the first bidder that comes down the pike. This is what I expected when and if the Maloofs decided to sell. They want to walk away with as much money as possible, and probably retain as big a percentage of the Kings as possible. I believe this could get very ugly before its over. Good entertainment for the media though.

[Elektrik]

Its a sad day but in my heart, I always knew it would come to this. Sure things can still happen but when you put things in perspective, this could be a perfect example of addition by subtraction. The magoofs are trapped between a rock and a hard place. They have to sell. If the Kings go to Seattle which it appears is likely then Sacramento gets its 77 million back in the loan to the Kings. This also frees up some of the potential liabilities that the city currently faces as far as building a new ESC because the magoofs are no longer owners and there is no longer an NBA team here. which was a sticking point to the city getting its loan back in full.. The dilapidated Sleep Train Arena is demolished, the new stadium is completed in downtown which creates a thriving urban mecca, jobs are created, and best of all, Stern sends us a new team (of which we will retain the rights of the name "Kings"). Not to mention we will start seeing first class acts come back to town in the beautiful new stadium, while the magoofs spend the rest of their pitiful lives trying to peddle their cheap *** vodka...Other alternative, magoofs sell to Burkle and the Kings stay. Its a win-win. Wow, if I can see the glass half full, of all people, then surely many of you can as well right? It aint over till mama maloof sings.....Stay strong Kingsfans, the best is yet to come.

[William Blake]

from Ric Bucher

What I know about the Kings-to-Seattle story at this point: sources say the Maloofs are getting back into the liquor business and the only way for them to do that is to sell the Kings, their last asset of any worth. The Maloofs, of course, had beverage distributorships in Colorado and New Mexico but sold them to try -- futilely -- to keep their Las Vegas hotel casino, The Palms, afloat. Separate sources say that putting a team back in Seattle is at the top of David Stern's bucket list as NBA commissioner and, as we know, David invariably gets what he wants. The Maloofs reversed field once before, on a deal that would've kept the team in Sacramento, but sources say the terms of that deal were negotiated by Stern and that the Maloofs backed out because the terms weren't the ones they specified they had to have.

[arwen undomiel]

Hey, maybe George tried to broker a deal with Seattle, and Gavin and Joe overuled him. I can hope can't I?

Wouldn't it be nice if Joe & Gavin grew a set and overruled George? I'm sure they can't be happy about the way George has mismanaged the family fortune, leading them to where they are now.

[Jose]

Its a sad day but in my heart, I always knew it would come to this. Sure things can still happen but when you put things in perspective, this could be a perfect example of addition by subtraction. The magoofs are trapped between a rock and a hard place. They have to sell. If the Kings go to Seattle which it appears is likely then Sacramento gets its 77 million back in the loan to the Kings. This also frees up some of the potential liabilities that the city currently faces as far as building a new ESC because the magoofs are no longer owners and there is no longer an NBA team here. which was a sticking point to the city getting its loan back in full.. The dilapidated Sleep Train Arena is demolished, the new stadium is completed in downtown which creates a thriving urban mecca, jobs are created, and best of all, Stern sends us a new team (of which we will retain the rights of the name "Kings"). Not to mention we will start seeing first class acts come back to town in the beautiful new stadium, while the magoofs spend the rest of their pitiful lives trying to peddle their cheap *** vodka...Other alternative, magoofs sell to Burkle and the Kings stay. Its a win-win. Wow, if I can see the glass half full, of all people, then surely many of you can as well right? It aint over till mama maloof sings.....Stay strong Kingsfans, the best is yet to come.

STA belongs to the Maloofs... so the city has no say in demolishing it. Most likely, they'll try to stick the city with STA as partial payment to the loan as they default on it. Hopefully Hansen and the NBA have a good moral compass and insist that the loan is paid off in full, in cash, as part of any deal being made.

[Peter_Gibbons]

That is the question. I think we were all under the impression that Stern would do everything possible to keep the Kings in sacramento. To not allow local buyers an opportunity to make a bid for the team would be a slap in the face to sacramento. As the article pointed out, a local buyer could actually offer less, and the Maloofs could walk away with more, depending on how much of the debt the Seattle group is willing to absorb along with the sale price. A local owner could also offer the Maloofs a bigger percentage of the Kings than Hanson is offering. My point is, a local Billionaire has more leverage on his side than a billionaire in Seattle. Of course first we have to have one said Billionaire step up to the plate.

I think most people saw through the nice guy David Stern from the start. He intervened with keeping the Kings in Sac because he chose Jerry Buss' side over the Maloofs. Its easy for him to come out and act like he did so because he cares about the city of Sac, but at the end of the day its just business, money, and doing things for the right people.

I'll say that I rather the Kings stay in Sac then move to Seattle, but I've never trusted Stern as he is just another sly business man. His true colors was what he did with the Seattle/OKC mess. The stuff later is just trying to clear his image. But at the end of the day, he did what he did in "helping" Sac in the Anaheim relocation only because he cares about making the Lakers/Clippers and its owners happy than the Maloofs.

[VF21]

First of all. I just want to say there is hope. Now you might not like what you are reading about a team going to Seattle but lets look at it.

What I have heard is this from sports people. Maloofs found out from the NBA that VB was going to be denied by BOG because the market was too small. Also they were being denied because Stern wanted them out of the league after what they did to the City of Sacramento. Once you make a deal with Stern, it is iron-clad. Maloofs showed the NBA up! Secondly, The maloofs didnt want to go back to Sacramento and work with KJ and the city council. The City Council was trying to move the Kings to an arena where they would lose profit where right now at arco they didnt have to share profit.

Here is your positives though:

Stern wants to make a wrong a right. Seattle didnt deserve to lose their team. We all know that! Just like Sacramento doesnt deserve to lose the Kings. However, I think this is the best thing to happen to Sacrmanto and I will tell you why in latter post. I know this stings but it is the truth. Seattle had Clay Bennett as an owner who kept telling Seattle he was going to keep the team there and then all along he wanted to move them. Once OKC left, it opened the doors for the Sonics to come back with Chris Hansen's group.

Now we hate to hear that but look at the positives. We are getting rid of a owner who says he wants to be an owner but lies to your face every minute that he can. He shows you by trying to move the team to anaheim and VB. Maloofs went up to Seattle to talk to Hansen in Spokane Washington last summer to see if they could work out a deal to move the team up there and that he can part of the ownership group there. So they do sneaky stuff behind the fans back anyways!

So is the deal of the Kings a bad thing? No not really. In the short term it is. Good fans in Sacramento who care about the team lose a team. But in the overall scheme of it isn't. So the Maloofs leaving town and out of the way, it opens up the door for a new owner to come in and purchase a team. What teams are available? Charlotte Bobcats, Atlanta Hawks.

The Bobcats are available. Sacramento is a bigger market than Charlotte. You wouldnt have Maloofs anymore getting in the way of the arena being built. Now what I heard is that the NBA does want to work with a new owner to build that new arena at the railyards. So now there will be no one stopping them from the arena being built. You have to figure out who the team owner will be. Is it Larry Ellison? Is it Ron Burkle? I know that Larry wants it in San Jose but the NBA won't allow it. But since Sacramento is closer, don't be surprised if Larry settles on Sacramento. Larry doesnt care about sponsorships because he has plenty of money rolling in. So he will take some hit each year but will gain it back.

There is plenty of hope here. After Silver takes over as commissioner, you can get a team or you can see if Silver wants expansion. Right now the only cities are Sacramento and Vancouver. Obviously Vancouver Canucks owner wants a team but it conflicts with his hockey team. So Sacramento is the obvious choice.


PS The only thing holding up the deal right now is what percentage the maloofs get to keep as owners. They still want to be owners but they just dont get any control





Remember FANS!!!!!!!! For a plant to grow, you have to get rid of the weeds!!!

Now is not the time for anyone who is NOT a Kings fan to put in their two cents. Seriously. Go away.

[KingsFanSince85]

Is it over? It's up to the NBA. Does the NBA rubber stamp the deal or does it give local ownership groups a chance to match? That's the only question. Up until now, I was under the impression that any sale of the Kings would be a bit more, shall we say, openly done than the underhanded **** the Mfaulcokoefrss have apparently pulled here, but I suppose that was a bit optimistic. Not even giving a local group the opportunity to buy is just the final knife in the back. But there is the question of whether the NBA will allow it.

See, to me, you just hit on the most important element to all of this and that is whether or not the NBA has had a Seattle agenda this entire time. What I mean is, when the Maloofs were stubbornly refusing to sell and trying to move to Anaheim, perhaps the only reason the NBA backed Sacramento was because, not wanting a 3rd team in SoCal, they secretly hoped to stall the Maloofs to a point where they had no choice but to sell. And when they did, the NBA would make certain that it was the Seattle group.

Am I way off base? Perhaps. But if the NBA green lights this sale without giving other potential buyers with interests in keeping the team in Sacramento a chance to meet or beat the reported offer ... how can anybody come to another conclusion?

Everyone is well aware that there are several groups interested in buying the team and keeping them in Sacramento. Ron Burkle, Manuel Pangilinan (and the Chris Webber group), etc. Knowing that and also considering how the NBA went out of their way to purchase and keep the New Orleans Hornets in New Orleans, if the league doesn't allow that to happen in this situation, their intentions all along will become completely transparent.

If the NBA was/is truly on board with keeping the team in Sacramento (and not just interested in ridding themselves of the Maloofs), then they will not allow the franchise to be purchased by an ownership group that they know will file for relocation over an ownership group that is committed to keeping the team where they currently reside.

Didn't they do just that with the sale of the Golden State Warriors? Larry Ellison had the highest bid, but it was known that his intention was to move the team to San Jose so the NBA and current ownership opted for the lower bid that kept the franchise where it is now.

So, as I said, if this proposed deal goes down as quickly and easily as it is being reported, then it is obvious the NBA never wanted to keep the Kings in Sacramento.

[Elektrik]

That is the question. I think we were all under the impression that Stern would do everything possible to keep the Kings in sacramento. To not allow local buyers an opportunity to make a bid for the team would be a slap in the face to sacramento. As the article pointed out, a local buyer could actually offer less, and the Maloofs could walk away with more, depending on how much of the debt the Seattle group is willing to absorb along with the sale price. A local owner could also offer the Maloofs a bigger percentage of the Kings than Hanson is offering. My point is, a local Billionaire has more leverage on his side than a billionaire in Seattle. Of course first we have to have one said Billionaire step up to the plate.

Do we have any local billionaires here in Sacramento?

[gunks]

Is Sacramento going to be saved by the Maloofs dumbassery?

The ultimate irony!

[Kingster]

So if they leave to Seattle the Maloofs have to pay an additional $125 million that would not be paid if they sold to a Sacto buyer, per the Bruski article. And, the NBA isn't going to allow them to go without hearing other offers. And there are purportedly other buyers that want to keep the team in Sacto. So if a Sacto buyer comes in with an offer of $400 mill then the Maloofs end up earning an extra $25 mill because of the $125 mill transfer cost. I don't think this Seattle thing is going anywhere. I'll wait for see Beacon's vans at Sleep Train Arena before I believe it.