OT Rumor that Seattle will land Kings.

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I think it would be very hard not to sell the team if they're in debt 200 million AND they're playing in a dump of an arena AND there's no real shot at getting a decent stadium there.
 
@BMayNews10: George Maloof tells News10 a deal to sell the Kings to Seattle group is not close.
 
Zybot said:
On my mobile so cant post link, but David Falks daughter tweeted that this was a done deal. She has since taken down the tweet. We could be playing against the Sonics next season.
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I thoroughly enjoyed our rivalry with Sonics during the Blazers Drexler/Porter and Sonics Payton/Kemp era. Bring the rivalry back!

Let the city of Sacramento keep the Kings intellectual property and history. Hopefully the Seattle team would be able to reclaim the Sonics intellectual property and history.
 
Fuck Seattle and their smug attitude about being the best fans in the NFL.

Hate the Mariners.

Hate the Sea Scrubs.

Hate the Sounders.

Hate whatever team they add in the coming years.

RCTID!
 
Before they bolted the Sonics were clearly behind the Seahawks and Mariners.

Will this change?
 
Hobbesarable said:
I thoroughly enjoyed our rivalry with Sonics during the Blazers Drexler/Porter and Sonics Payton/Kemp era. Bring the rivalry back!

Let the city of Sacramento keep the Kings intellectual property and history. Hopefully the Seattle team would be able to reclaim the Sonics intellectual property and history.
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I think that might be the first time I've read 'intellectual' and 'Sacramento' in the same sentence.
 
Jury duty, jury duty, jury duty, black mail, pink slip, chain letter, eviction notice, jury duty.

Natebishop3 said:
Fuck Seattle and their smug attitude about being the best fans in the NFL.

Hate the Mariners.

Hate the Sea Scrubs.

Hate the Sounders.

Hate whatever team they add in the coming years.

RCTID!
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What about this:

Northwest:
Portland
Seattle
Denver
Utah
Golden State

Southwest:
Los Angeles x2
Phoenix
San Antonio
Houston

Central:
Minnesota
OKC
Memphis
Dallas
New Orleans
 
Bay Area media are saying it's a "done deal" and the Maloofs will get $525m.

They also have to pay the city of Sacramento some sort of fees, right?

Factor in the arena cost, this whole process will cost this group a better part of a billion.

BILLION.
 
More tweets that the Maloof/Hansen deal is done. So can we just dump all news organizations and rely solely on twitter? It seems like the news organizations just regurgitate twitter feeds anyway.
 
Derek Belt @derekbelt 10 Jan
Isaiah Thomas told source the Kings were told after practice today the selling of the team was true. Thomas: "Deal is done." #Sonics
 
Fez Hammersticks said:
Bay Area media are saying it's a "done deal" and the Maloofs will get $525m.

They also have to pay the city of Sacramento some sort of fees, right?

Factor in the arena cost, this whole process will cost this group a better part of a billion.

BILLION.
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Yes part of the reason the number is so high is the 77M the Maloofs have to pay sactown.
 
It's a soap opera...now a local buyer has supposedly emerged and the team may stay in Sac. Glad I'm a Blazer fan just observing this because it's got to be ripping the hearts out of Seattle fans.
 
Seattle needs a team but the only way to get a team anymore is to steal one. There will be no expansion for many years (if anything there will be contraction). It sucks because the King's fans don't deserve this just like the Sonic's fans didn't at the time.
 
KeepOnRollin said:
Seattle needs a team but the only way to get a team anymore is to steal one. There will be no expansion for many years (if anything there will be contraction). It sucks because the King's fans don't deserve this just like the Sonic's fans didn't at the time.
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The difference the old case being corporate greed down the line and in this case it's just that the Maloofs aren't able to pay the bills. But you're right, either way it sucks for all the fans. Can blame that one on the NBA and how they've gigantified everything. Well, in that sense you could blame the system even, how large does the NBA really have to be? How much do these people need to be paid, isn't there a line from where the fan bases can support the overhead? I guess Sacramento is below that line.

Meh, economics...kind of a bummer it's such an integral part of sports.
 
http://www.katu.com/sports/Sacramento-mayor-to-present-counteroffer-for-Kings-186985131.html

SACRAMENTO, Calif. (AP) - Sacramento Mayor Kevin Johnson says he has received approval from NBA Commissioner David Stern to present a counteroffer to the league from investors who would keep the Kings in California's capital city.

Speaking at the annual State of Downtown Breakfast on Tuesday, Johnson says the city is in a "six-week sprint" to put together a proposal for the NBA's Board of Governors to consider. The league's deadline for teams to apply for relocation is March 1.

People with knowledge of the situation said last week that a group led by investor Chris Hansen, who wants to return the NBA to Seattle, has contacted the Maloof family about buying the Kings. They spoke on condition of anonymity to The Associated Press because no deal has been reached.

The Kings and the NBA have declined to comment.
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No way they can come up with $525 million!
 
HCP said:
No way they can come up with $525 million!
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Agreed; and it would be a sucker bet too. There's no way Sacto can right that ship while also spending so much on a team worth half its asking price.
 
What kind of deal can they do when the Kings are 200 million in the hole for this season?
Now theres local groups that can save the Maloof family? Sounds like they just came out of the wood work.
As Mayor Kevin Johnson noted Tuesday, amid reports about potential ownership groups and of AEG's renewed interest in any arena project, the Maloofs "can participate in some way." Or they can sell outright to local investors and cement the Kings' future in Sacramento, the city they once embraced and where they still own homes.
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Read more here: http://www.sacbee.com/2013/01/16/5117611/ailene-voisin-how-the-maloofs.html

Sounds like the town has more investors than I thought. This is like a soap opra !!!
 
Last edited:
SlyPokerDog said:
Marc Stein ‏@ESPNSteinLine Just going online now: Maloofs have struck deal to sell 65 percent of Kings to Chris Hansen group in Seattle for $525 million, sources say
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SlyPokerDog said:
Marc Stein ‏@ESPNSteinLine Kings deal to Seattle group still requires formal NBA ratification but Hansen group intends to file for relocation by March 1 if approved
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Marc Stein ‏@ESPNSteinLine ESPN sources say no agreement yet reached on remaining 35 percent of Kings shares, which are held by minority investors, NOT Maloofs
 
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