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a shameful boehner posted:As bad as Donald Sterling and Clay Bennett are, the Maloofs have to be the most incompetent ownership group I've seen in the NBA.
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| # ? Jan 9, 2013 21:33 |
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| # ? May 23, 2013 07:17 |
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That would explain the Brandon Roy signing.
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| # ? Jan 9, 2013 21:36 |
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Siguy posted:When is the NBA going to call in all those loans they made to that Maloofs? I remember hearing that the Kings owe the NBA tens of millions of dollars. This seems like a good time to cash in that chip, Mr. Stern. They owe the NBA $100+ million and the city of Sacramento $70mil. Those debts go with the team. There are also 2 to 3 different ownership groups who want to buy and keep the team in town, and with the outstanding loan amounts and the relocation costs, a local buyer could potentially purchase the team for less than Chris Hansen. Also, the Maloofs are barely majority owners.
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| # ? Jan 9, 2013 21:37 |
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The NBA Kings moving to Seattle was something everyone sort of predicted when that arena deal was announced. It appears a matter of if not when they get a team (sucks for Sacramento fans). All the while, that Kings-to-Virginia-Beach thing popped up out of nowhere, even though the city of VA Beach had been working on an arena for like a year. What happened is that Comcast-Spectacor, the group who owns the Philadelphia Flyers came in with promises of support and finding a tenant. Fast forward to this weekend, and Virginia Beach Mayor Will Sessoms declared that they needed to be guaranteed a tenant by C-S by Monday. This was pushed back until Tuesday, so that they could make a release saying that a team would not be coming to the Beach. Presumably, this is because C-S had heard about the Kings-to-Seattle deal. All the while, Virginia Beach hasn't killed the idea, it's simply suspended in motion for a bit. I'm not sure how keen the NBA is on expansion. If so, I'd expect them to hit 32 with teams in KC and VB. Here's the story and press release from yesterday about the Virginia Beach arena: http://hamptonroads.com/2013/01/va-...roject-dead-now
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| # ? Jan 9, 2013 21:50 |
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The worst part about the Maloofs is that there are multiples of them, so you can't just wish one person dead. You'd have to wish multiple people dead, which just seems less likely even though you are technically "wishing" meaning that you are trying to make your thoughts physically manifest themselves in our world. Anyway, yeah, if one croaked there would be another one just as horrible.
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| # ? Jan 9, 2013 21:51 |
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The Maloofs are in a precarious position. They can go from really broke and owning an NBA team to just regular broke and not owning an NBA team.
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| # ? Jan 9, 2013 21:54 |
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I just don't understand why they'd refuse to sell for a record price an NBA franchise that they can't even afford to run
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| # ? Jan 9, 2013 21:55 |
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H-Tail posted:I just don't understand why they'd refuse to sell for a record price an NBA franchise that they can't even afford to run It's possible they're using the offer to leverage a better deal from another buyer.
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| # ? Jan 9, 2013 21:57 |
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Papercut posted:Geographically the easiest thing would be to move Seattle back into the NW, put San Antonio or Houston in the Pacific, and put OKC in the displaced Texas' team place. Man stop putting us in tough divisions. The Rockets need to be in the Southeast division. It makes perfect sense. Anyway I feel sorry for Sacramento fans but I will be glad when (assuming the deal goes through, this is only like the third in as many years set up to placate them) the Maloofs no longer own a team. edit: I also don't feel this is quite as bad as the Thunder because Hansen isn't swearing up and down he will try to keep the Kings in Sacramento and emailing back and forth with his ownership group about how soon they can skip town chunkles fucked around with this message at Jan 9, 2013 around 22:03 |
| # ? Jan 9, 2013 21:58 |
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Stern just released new divisions: Pacific Warriors Clippers Lakers Supersonics Trailblazers Mountain Suns Jazz Nuggets Spurs Thunder Midwestern Mavericks Rockets Timberwolves Grizzlies Hornets Mideastern Bucks Bulls Pacers Hawks Pistons LeBron Cavaliers Bobcats Raptors Magic Heat Atlantic 76ers Wizards Knicks Nets Celtics
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| # ? Jan 9, 2013 22:00 |
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The Hornets were sold for 338 million and that included a guaranteed lottery win. If the Maloofs aren't willing to take 500 Mil then they are not serious about selling at all.
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| # ? Jan 9, 2013 22:04 |
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The Grizzlies were sold for around 300 million, too and they had a really good team core.
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| # ? Jan 9, 2013 22:06 |
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Grizzles loving OWN compared to the Kings, how in the world are they getting 500 Million
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| # ? Jan 9, 2013 22:13 |
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hitze posted:Grizzles loving OWN compared to the Kings, how in the world are they getting 500 Million The Grizzlies owners wanted to sell to a group that would keep them in the city. They probably could have made a lot more selling to the Seattle group.
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| # ? Jan 9, 2013 22:15 |
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Grizz sold for $377 million from what I see. I don't think we know the breakdown of it either. Some of that money might be contingent on other factors in Seattle. Sacramento is an odd franchise since them and their owners owe so much money. Plus there is a relocation fee that has to be factored in somewhere.
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| # ? Jan 9, 2013 22:15 |
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hitze posted:Grizzles loving OWN compared to the Kings, how in the world are they getting 500 Million
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| # ? Jan 9, 2013 22:16 |
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At what point would the NBA be able to use the Kings' debts against them and force a sale of the team?
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| # ? Jan 9, 2013 22:21 |
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Niwrad posted:Grizz sold for $377 million from what I see. I don't think we know the breakdown of it either. Some of that money might be contingent on other factors in Seattle. Sacramento is an odd franchise since them and their owners owe so much money. Plus there is a relocation fee that has to be factored in somewhere. Yeah the Maloofs are on the hook for approximately $150 million from the league and the city of Sacramento and that debt has to either be paid off or goes with the team.
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| # ? Jan 9, 2013 22:22 |
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Meat Recital posted:At what point would the NBA be able to use the Kings' debts against them and force a sale of the team? Possible but other teams have taken league loans and I doubt other owners want to set a bad precedent quote:Also, the Maloofs are barely majority owners. I've read multiple places they only own something like 43% of the team but retain decision making responsibilities over a 9% minority share they sold off.
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| # ? Jan 9, 2013 22:25 |
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In a perfect world, if a team had to move to Seattle it would be the Clippers.
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| # ? Jan 9, 2013 22:27 |
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When people pitch expansion as a scenario, I think you have to really change something drastically to try to get more parity. Something like either lowering the salary cap or getting rid of max contracts. A team should be able to pay Lebron $40 million and then sign D-leaguers for $200k if they want. There aren't enough superstars for 30 teams as is and having guys try to group up as 3 to beat the Heat is only hurting things.
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| # ? Jan 9, 2013 22:28 |
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Ryan Lillis @Ryan_Lillis Talks related to #NBAKings sale have been 'conceptual,' source tells The Bee. Reports sale is done are premature. Still hope that Burkle or that billionaire from the Philippines comes in with a big offer. I doubt they will outbid the Seattle group, but that group has at least a $70 million handicap
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| # ? Jan 9, 2013 22:29 |
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Spacebump posted:In a perfect world, if a team had to move to Seattle it would be the Clippers. Even the thought gives me an erection.
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| # ? Jan 9, 2013 22:30 |
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Bruce Ivins posted:When people pitch expansion as a scenario, I think you have to really change something drastically to try to get more parity. Something like either lowering the salary cap or getting rid of max contracts. A team should be able to pay Lebron $40 million and then sign D-leaguers for $200k if they want. There aren't enough superstars for 30 teams as is and having guys try to group up as 3 to beat the Heat is only hurting things. I don't know what you're trying to strawman, but the Kings are bad because they made a lot of very bad decisions like trading for John Salmons and drafting Jimmer in one fell swoop.
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| # ? Jan 9, 2013 22:34 |
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WhyteRyce posted:I've read multiple places they only own something like 43% of the team but retain decision making responsibilities over a 9% minority share they sold off. That ~10% share is owned by a close family friend who does what they say, Lucille II style.
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| # ? Jan 9, 2013 22:34 |
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NBA is hosed up. I lived in Vancouver when they lost the Grizzlies to Memphis. Attendance wasn't bad, just the Canadian dollar and the team (.220 winning percentage!). Then I moved to Seattle and they lost the Sonics to OKC. Both instances had out of town owner who "would try" to make it work in the city and then pulled it out shortly after the regular season ended. the Hornets relocation from Charlotte to New Orleans also has dirty owner syndrome all over it. This case there is no point of really working it out as it's 100% up front to go to Seattle if the sale goes through. Sorry for Sacramento but oh well. As for divisional alignment, another thing that pissed me off about the Grizzlies in the NBA was that they were in the MidWest division. They were never in the same division as Seattle or Portland - you know the only two teams that fans somewhat could have cared about as a rival. Doing same with Portland and Seattle in opposite divisions would suck but it's hard to break apart the remaining 3 California teams and Phoenix.
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| # ? Jan 9, 2013 22:35 |
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spacejung posted:Stern just released new divisions: Is that real? Because holy balls the pacific and mountain divisions would tough as hell if so. Pacific less so if the Lakers continue to fall apart though.
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| # ? Jan 9, 2013 22:38 |
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Spite posted:Is that real? Because holy balls the pacific and mountain divisions would tough as hell if so. Pacific less so if the Lakers continue to fall apart though. No, did you not notice a LeBron division? (I would be bummed if all the Texas teams weren't in the same division)
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| # ? Jan 9, 2013 22:39 |
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I don't understand the $70 million handicap for the Seattle group? Wouldn't the debt transfer to any new ownership group?
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| # ? Jan 9, 2013 22:43 |
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DancingMachine posted:I don't understand the $70 million handicap for the Seattle group? Wouldn't the debt transfer to any new ownership group? $70 million dollars of Kings debt is owned by Sacramento. It'd have to be paid out to move the team but could possibly stay if a local ownership group buys the team.
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| # ? Jan 9, 2013 22:44 |
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I have to imagine the $500 million offer was including the money to pay off the debts, so $350 for the team and $150 for the debts. Because $500+ taking on the debt is just straight robbery.
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| # ? Jan 9, 2013 22:50 |
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OKC paid a $30 million relocation fee as well. So you have to figure Seattle would pay something similar to that.
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| # ? Jan 9, 2013 22:52 |
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Lockback posted:I have to imagine the $500 million offer was including the money to pay off the debts, so $350 for the team and $150 for the debts. Because $500+ taking on the debt is just straight robbery. [Dodgers_Org_Chart.jpg]
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| # ? Jan 9, 2013 22:52 |
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One reason they might overpay for the Kings is that they are also trying to lure an NHL team to the area and would likely form a cable TV network around them that makes a fortune. Everyone thought the Dodgers cost too much but the cable TV deal they worked out is insane.
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| # ? Jan 9, 2013 22:57 |
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Niwrad posted:OKC paid a $30 million relocation fee as well. So you have to figure Seattle would pay something similar to that. I wouldn't be surprised if the final deal came to something like: $375 million for team $70 million to Sacramento $100 million to NBA for debts and relocating. Hansen is already spending $250 mil out of pocket on his arena and has a couple billionaires ready to cough up for the team itself.
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| # ? Jan 9, 2013 22:57 |
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tallkidwithglasses posted:I wouldn't be surprised if the final deal came to something like: Steve Ballmer is worth $15.7 billion. I think he'll be the one coughing up the money for this.
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| # ? Jan 9, 2013 23:10 |
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Tae posted:I don't know what you're trying to strawman, but the Kings are bad because they made a lot of very bad decisions like trading for John Salmons and drafting Jimmer in one fell swoop. It's not just the Kings though. How many teams out of the 30 would you consider contenders this year? For reasons that have been gone over many times before (length of season, number of possessions, impact of a single player, etc), obviously the NBA is never going to match the NFL for parity. I just don't see how adding more teams is going to be a positive
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| # ? Jan 9, 2013 23:13 |
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How exactly are expansion teams initially uh... seeded with players?
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| # ? Jan 9, 2013 23:15 |
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Bruce Ivins posted:It's not just the Kings though. How many teams out of the 30 would you consider contenders this year? For reasons that have been gone over many times before (length of season, number of possessions, impact of a single player, etc), obviously the NBA is never going to match the NFL for parity. I just don't see how adding more teams is going to be a positive How many of those teams actually didn't gently caress up majorly repeatedly over the years that deserve a chance at winning? It's a pretty small list, NBA GMs are mostly a group of very dumb decision makers. Basketball (not just the NBA) is never going to match Football in parity just because of how the game is played. The worst team in the NFL can beat the best because of flukes all the time.
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| # ? Jan 9, 2013 23:18 |
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| # ? May 23, 2013 07:17 |
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hitze posted:How exactly are expansion teams initially uh... seeded with players? An expansion draft from existing rosters. Teams can only protect a certain number of players from being drafted.
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| # ? Jan 9, 2013 23:20 |
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