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Kings/Sonics Saga Update: Kings stay, Seattle shut out
Posted on 5/10/13 at 2:17 pm
Posted on 5/10/13 at 2:17 pm
I updated the last post in the thread. Press conference expected any minute. Streaming live at this link LINK
This post was edited on 5/15/13 at 5:25 pm
3
Posted on 5/10/13 at 2:29 pm to TDawg1313
I doubt it will do them much good.
The finance and relocation committees have already given a thumbs-down on this sale.
All this may do is give Ballmer a foot up on buying the Milwaukee Bucks from former Sen. Herb Kohl, as it is one of the only other teams on the market.
The finance and relocation committees have already given a thumbs-down on this sale.
All this may do is give Ballmer a foot up on buying the Milwaukee Bucks from former Sen. Herb Kohl, as it is one of the only other teams on the market.
Posted on 5/10/13 at 2:31 pm to teke184
Allowing the Bucks to move to Seattle would do wonders for Cole's legacy in Wisconsin.
Posted on 5/10/13 at 2:35 pm to teke184
quote:
I doubt it will do them much good.
The finance and relocation committees have already given a thumbs-down on this sale.
They voted down relocation, but not the sale. Can the NBA force the Maloofs to sell the team for $100 million less to the Sacramento people? They were already a little short on the previous bid.
Posted on 5/10/13 at 2:42 pm to TDawg1313
That's almost double what the Hornets went for like a year ago.
There's no way the BoG can turn that down if its a legit offer.
There's no way the BoG can turn that down if its a legit offer.
Posted on 5/10/13 at 2:44 pm to TDawg1313
quote:
Can the NBA force the Maloofs to sell the team for $100 million less to the Sacramento people? They were already a little short on the previous bid.
I'd normally say "No", but I think the amount of sympathy the other owners have for the Maloofs is pretty small.
They may force this if only because the Maloofs have the choice between taking the smaller deal from the Sacramento group or going insolvent thanks to the money woes from other investments, like casinos.
Posted on 5/10/13 at 2:46 pm to teke184
Let the bucks go to SEA into the western conf and let the Pels move into the eastern conf where they rightfully belong IMO
Posted on 5/10/13 at 2:49 pm to ShoeBang
quote:
Let the bucks go to SEA into the western conf and let the Pels move into the eastern conf where they rightfully belong IMO
If Milwaukee moves to Seattle, I'd say there is a 50-50 shot of that. The other possible team moving would be Memphis, which could fit into the Bucks' old spot against Chicago, Cleveland, Detroit, and Indiana.
Posted on 5/10/13 at 3:09 pm to teke184
Yeah it would either be Memphis or New Orleans.
This sale would single-handedly raise the value of all of their organizations. I'm shocked they are sticking with Sac.
If Sac moved to Seattle they wouldn't have to shift anyone.
If Milwaukee did there would have to be some serious shuffling.
This sale would single-handedly raise the value of all of their organizations. I'm shocked they are sticking with Sac.
If Sac moved to Seattle they wouldn't have to shift anyone.
If Milwaukee did there would have to be some serious shuffling.
Posted on 5/10/13 at 4:24 pm to Fun Bunch
No, it just further proves the point that franchises aren't bought to make money, they're bought as playtoys of super rich people. This isn't a "valuation." Having worked on actual valuations for franchises and seen numerous actual major pro sports franchises financials, I can matter of factly tell you that purchase prices are normalized for (what we at least dubbed them) "luxury premiums."
Posted on 5/11/13 at 7:42 pm to kfizzle85
This is really getting interesting-
1) The new deal includes a $115 million relocation fee ($4 million for each owner)
2) Maloofs announce if the deal doesn't go through they won't sell to the Sacramento group, instead they would sell 20% of the team to the Seattle group for $125 million & still run the team.
ESPN
1) The new deal includes a $115 million relocation fee ($4 million for each owner)
2) Maloofs announce if the deal doesn't go through they won't sell to the Sacramento group, instead they would sell 20% of the team to the Seattle group for $125 million & still run the team.
ESPN
Posted on 5/11/13 at 7:44 pm to TigerintheNO
quote:
2) Maloofs announce if the deal doesn't go through they won't sell to the Sacramento group, instead they would sell 20% of the team to the Seattle group for $125 million & still run the team.
So when does someone in Sacto just off them?
Posted on 5/11/13 at 7:46 pm to TigerintheNO
Stern & pals need to accept the fact that the Maloofs are going to be big winners in this either way and let them sell to any group they want.
Posted on 5/11/13 at 9:59 pm to TigerintheNO
You have a whole city in Sacramento that hates the owners. The Maloofs hate them back and don't want to deal with them at all. If the Maloofs will only sell to the Seattle group, how does the NBA stop that?
Also, there was an interesting article on ESPN a day or two ago that said Phil Jackson is waiting to see what happens with the Kings. Apparently he hit it off with Chris Hansen and wants to be a part of the Sonics if they come back. I'll link the article in a few minutes.
ETA: Here's the link LINK
Also, there was an interesting article on ESPN a day or two ago that said Phil Jackson is waiting to see what happens with the Kings. Apparently he hit it off with Chris Hansen and wants to be a part of the Sonics if they come back. I'll link the article in a few minutes.
ETA: Here's the link LINK
This post was edited on 5/11/13 at 10:10 pm
Posted on 5/11/13 at 10:01 pm to TDawg1313
I'm confused didn't they just vote on this a week or so ago?
Or do they have a vote every time an offer is made?
Or do they have a vote every time an offer is made?
Posted on 5/11/13 at 10:12 pm to castorinho
quote:
I'm confused didn't they just vote on this a week or so ago?
Or do they have a vote every time an offer is made?
They had a "recommendation" vote. Only 7 people voted and all 30 owners have to vote for it to be final, which will happen on Wednesday. They claimed the first vote was unanimous 12-0, but in reality only 7 people voted and it was a 4-3 vote. The 3 were asked to switch their votes to show unanimity.
The popular theory out there is that Stern wanted to make it seem like a done deal so the Seattle group would back out, but it only made them push further. He really does not want them to move to Seattle.
This post was edited on 5/11/13 at 10:14 pm
Posted on 5/12/13 at 12:06 am to TDawg1313
quote:
If the Maloofs will only sell to the Seattle group, how does the NBA stop that?
The NBA has to approve the sale- even for a minority share. I doubt Stern et al give a frick about what the Maloofs want at this point.
The Mickey Arison Twitter exchange is a good line on what the committe is thinking. Its not about Seattle. Its about Sacramento stepping up and doing everything the NBA asked for 2 years now
As for the 4-3 vote, that's not a fact at all. The guy who broke it is, big shocker here, a Seattle reporter. The NBA has already called it a "total fabrication."
Posted on 5/12/13 at 12:09 am to corndeaux
wouldn't moving Minnesota to the East make more sense?
Posted on 5/12/13 at 12:12 am to teke184
quote:
Yeah it would either be Memphis or New Orleans.
Tennessee is in the Southeastern Conference yet the West in the NBA. Makes no damn sense.
Posted on 5/12/13 at 2:41 am to JabarkusRussell
I'd love for Seattle to get a team, but Sacramento is a huge underdog.
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