NBA returning to Seattle?

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Re: NBA returning to Seattle?
Wed May 01, 2013 8:31 pm
  • vedthree wrote:Would you rather have someone loan you $10, or would you rather have someone give you $5? That's the heart of the issue here, and the NBA has made it clear which they'd rather have. They know once they've tapped the public $$ vein, they can keep feeding as long as they want - and it's free $$$. And most importantly it shifts the liability for shortfalls on to the taxpayers, not the Owner or the League.

    All Stern's talk about "valuing the community" of Sacramento? It's a BS smokescreen. He gets to paint himself as a good guy to Sacto while he's robbing them blind. Same story in New Orleans - why did Stern fight so hard to keep the Hornets there? It's because both the City & State have a major stake in paying for & operating that arena. You can bet your ass that if neither one of those places were offering free public money, Stern would treat the situation exactly like he did here in Seattle and he would've fast-tracked the exit of both.

    Easiest way to understand it is to look back at the original Key Arena situation. The remodel was financed with bonds, backed by future revenues generated by the arena (mainly the sale of luxury suites). Every year the Sonics were responsible for making a payment, the $$$ for which came out of the team's operating budget. After the '98 Lockout, the business model changed and the Sonics struggled to meet the payments (or so says Schultz) The real issue was that the Sonics were in a situation where they had to pay back the bonds using the same revenue streams that also determined how much $$ they paid to the League under the existing revenue sharing plan - it meant less money that Seattle could contribute to the to the League's other owners. What Schultz/Stern wanted was access to additional revenue streams (Since Seattle Center is owned/operated by the City, the Sonics didn't have complete access to parking, all concessions, income from other events, stuff like that). They wanted to use that revenue (which was separate from income calculated in the revenue sharing plan) to cover the arena payments. In other words, use a free public subsidy so that the League could keep the max amount of team generated $$$ for themselves. We all know what happened - Seattle wouldn't play ball so Stern went on the warpath and made us an example for every other city - give us public funding, or suffer the wrath.

    Now with Hansen's new arena plan, the details are completely different (he owns the building, land, can lease to an NHL team and will have access to all types of revenue generating opportunities that Key Arena never provided) but the overall concept is still the same: the construction bonds are backed by arena generated revenue. Which means that if some disaster happens, Hansen possibly has to dip into the team operating budget (reducing the amount of $$$ that goes back to the NBA) to make his bond payments before he pays the owners.

    One thing with Stern & the Owners: they are never in danger of "losing" money, they're only faced with not being paid as much as they possibly could. So for them, the whole thing comes down to "which plan gives us access to the most money?"

    Now, here's the big advantage (for the NBA) with Sacramento's plan: The investors put up a set amount of money, $250M. After that, their liability is capped. Sacramento is responsible for coming up with the rest, through a variety of methods, but mostly through parking. So what happens when Sacto's plan doesn't raise the projected amount? Well, as far as the NBA's concerned - that's Sacramento's problem, not theirs. It's not coming out of the Kings' operating budget. So Sacramento will be running around trying to generate more money - raising the price of parking, passing additional taxes, dipping into the City's general fund. And while all this is going on, the League will still be able to extract the max amount in revenue sharing from the Kings. They'll be getting free money from the taxpayers of Sacto to cover the rest.

    Cut through all the politiking and PR bullshit and this is why all of Stern's actions make sense, and why Seattle gets screwed twice. Seattle is losing it's bid for the Kings for the exact same reason we lost the Sonics - we are not granting the NBA access to the public subsidy trough. This is why OKC, New Orleans and Sacramento are (and Milwaukee could be) better long term choices in their eyes - because those cities are willing to pony up.

    The fact that we're a "big market" matters, but not nearly as much as we like to think. When it comes to TV, the NBA cares more about its National TV deal, which is always driven by the powerhouse franchises (Lakers, Bulls, East Coast). And as the past couple of seasons have shown, if the small market teams are competitive and have some stars, they'll bring in decent National ratings as well.

    The additional revenue the Seattle market would draw or the cache of having Ballmer/Hansen as owners pales into comparison and affects their bottom line much less than the millions of free $$$ cities can/will give them in subsidy.


    So what you're saying is that our entire thread could be summed up with: :cussing: followed by :white_flag:
    Last edited by Laloosh on Wed May 01, 2013 8:44 pm, edited 1 time in total.
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Re: NBA returning to Seattle?
Wed May 01, 2013 8:32 pm
  • dontbelikethat wrote:Well why would they come now, when they could've came like 5 years ago? What has changed since then? I wasn't trying to refer back to like the 80's, but like what has changed in the past few years to make them come now instead of then.


    Huh? The NBA is exploding with foreign players right now, and the talent pool is constantly increasing. The biggest change recently has been the draft rules - now it's more common for teams to draft directly from the international ranks. In the 2011 Draft, 5 of the top 7 picks were foreign guys.

    Also got to keep in mind that a lot of players commonly thought of as "American" (guys like Luol Deng, Joakim Noah, Al Horford, etc..) are international - born and learned to play in foreign countries, came/were recruited to the US to attend Basketball power High Schools and/or played NCAA ball before entering the NBA Draft.

    On opening day of the 1991–92 season, NBA rosters included 23 international players from 18 countries. At the start of the 2012–13 season, there were 84 players from 37 countries and territories. The number of players on opening-night rosters tied an all-time league record first set in 2010–11, and the number of countries represented was one short of the record set in that same season. In addition, the San Antonio Spurs set an all-time record for international players on an opening-night squad, with eight.

    http://en.wikipedia.org/wiki/List_of_foreign_NBA_players
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Re: NBA returning to Seattle?
Wed May 01, 2013 10:14 pm
  • dunceface wrote:Ved, you have just reached hero status with Pinksheets. Thank you for clarifying this stuff for all of us...even if its not exactly what we want to hear right now
    IN HANSEN WE TRUST


    E.C. Laloosh wrote:So what you're saying is that our entire thread could be summed up with: :cussing: followed by :white_flag:


    Heh, sorry 'bout that - I get off on rants sometimes and get waaaay to wordy .... :lol:

    Actually, I don't think Hansen needs to surrender at all - in fact, I think the NBA fucked up, tipped their hand AND pissed off the wrong guys. I think Hansen still has major leverage here

    Stern gets away with his Machiavellian BS because other ownership groups are so desperate to join/stay in the club ... but Hansen/Ballmer are different. Ballmer doesn't need to join the NBA Boy's Club for validation - hell, for him it's slumming. As was said, he could buy & sell any of them with his pocket change. And for Hansen, this has always been personal. He wants to be the white knight. He wants the Sonics back. He's on a revenge mission. Combine Hansen's passion with Ballmer's temper and .... there will be blood.

    H/B know the situation here in Seattle - they know the political winds and that there's only a limited opportunity for this arena. They also know the fanbase won't survive getting jerked around by the NBA a 2nd or 3rd time. Now they know the NBA's game. That's where Stern showed too many cards. If a lot of National pundits can see this is nothing but a public subsidy grab by the NBA and about sending a message to their other struggling markets then you know damn well Hansen & Ballmer see it.

    IMO, there's a clear strategy to beat the NBA at their own game - do everything possible to enforce the sale agreement with the Maloofs. Argue it at the BoG, force the Finance Committee to either approve it or come up with some out-of-their-ass reason to reject it. If it is rejected, bankroll the Maloofs so they refuse to sell to Sacto. Bring in the lawyers and sue everything/everyone in sight. Threaten to drag things out as long as possible. If Hansen does any of that, the Sacto deal that the NBA cares so much about will collapse. Hansen only agrees to walk away from the Kings if the NBA grants an expansion team

    I'm convinced it will work - Hansen & Ballmer have the motivation, deep pockets, and phalanx of Lawyers to fight the bully at their own game and punch them in the mouth. The NBA has more to lose in the fight than we do.

    I'm going to love watching them do it.

    :th2thumbs: :snack:
    Last edited by vedthree on Wed May 01, 2013 10:44 pm, edited 1 time in total.
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Re: NBA returning to Seattle?
Wed May 01, 2013 10:15 pm
  • Unlike Sacramento, when our team was leaving, we didn't have a mayor who showed some balls.....to underage girls.
    Last edited by pinksheets on Wed May 01, 2013 10:18 pm, edited 1 time in total.
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Re: NBA returning to Seattle?
Wed May 01, 2013 10:18 pm
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Re: NBA returning to Seattle?
Wed May 01, 2013 11:38 pm
  • vedthree wrote:
    dunceface wrote:Ved, you have just reached hero status with Pinksheets. Thank you for clarifying this stuff for all of us...even if its not exactly what we want to hear right now
    IN HANSEN WE TRUST


    E.C. Laloosh wrote:So what you're saying is that our entire thread could be summed up with: :cussing: followed by :white_flag:


    Heh, sorry 'bout that - I get off on rants sometimes and get waaaay to wordy .... :lol:

    Actually, I don't think Hansen needs to surrender at all - in fact, I think the NBA fucked up, tipped their hand AND pissed off the wrong guys. I think Hansen still has major leverage here

    Stern gets away with his Machiavellian BS because other ownership groups are so desperate to join/stay in the club ... but Hansen/Ballmer are different. Ballmer doesn't need to join the NBA Boy's Club for validation - hell, for him it's slumming. As was said, he could buy & sell any of them with his pocket change. And for Hansen, this has always been personal. He wants to be the white knight. He wants the Sonics back. He's on a revenge mission. Combine Hansen's passion with Ballmer's temper and .... there will be blood.

    H/B know the situation here in Seattle - they know the political winds and that there's only a limited opportunity for this arena. They also know the fanbase won't survive getting jerked around by the NBA a 2nd or 3rd time. Now they know the NBA's game. That's where Stern showed too many cards. If a lot of National pundits can see this is nothing but a public subsidy grab by the NBA and about sending a message to their other struggling markets then you know damn well Hansen & Ballmer see it.

    IMO, there's a clear strategy to beat the NBA at their own game - do everything possible to enforce the sale agreement with the Maloofs. Argue it at the BoG, force the Finance Committee to either approve it or come up with some out-of-their-ass reason to reject it. If it is rejected, bankroll the Maloofs so they refuse to sell to Sacto. Bring in the lawyers and sue everything/everyone in sight. Threaten to drag things out as long as possible. If Hansen does any of that, the Sacto deal that the NBA cares so much about will collapse. Hansen only agrees to walk away from the Kings if the NBA grants an expansion team

    I'm convinced it will work - Hansen & Ballmer have the motivation, deep pockets, and phalanx of Lawyers to fight the bully at their own game and punch them in the mouth. The NBA has more to lose in the fight than we do.

    I'm going to love watching them do it.

    :th2thumbs: :snack:


    Annnnd you don't post more why? Lol
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Re: NBA returning to Seattle?
Thu May 02, 2013 12:16 am
  • vedthree wrote:
    E.C. Laloosh wrote:So what you're saying is that our entire thread could be summed up with: :cussing: followed by :white_flag:


    Heh, sorry 'bout that - I get off on rants sometimes and get waaaay to wordy .... :lol:

    :th2thumbs: :snack:


    Not at all. Great post.

    Maybe Blitzer will come in off of the ledge now.
    Marvin49 wrote:Ok. I have to admit. That's messed up.

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Re: NBA returning to Seattle?
Thu May 02, 2013 1:59 am
  • Doubt it, lol
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:12 am
  • E.C. Laloosh wrote:
    vedthree wrote:
    E.C. Laloosh wrote:So what you're saying is that our entire thread could be summed up with: :cussing: followed by :white_flag:


    Heh, sorry 'bout that - I get off on rants sometimes and get waaaay to wordy .... :lol:

    :th2thumbs: :snack:


    Not at all. Great post.

    Maybe Blitzer will come in off of the ledge now.


    I already tried but he told me he wasn't moving his sleeping bag off the ledge til its official :thsnooty:
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Re: NBA returning to Seattle?
Thu May 02, 2013 9:50 am
  • pinksheets wrote:There seems to be rumblings that Ballmer wants to throw more money down. Make the offer's vastly different and give the Maloofs all the incentive to stick it out, not to mention give them a cut and dry lawsuit.


    This makes sense, but Stern stated that he was not accepting higher bids and get into a bidding war. I don't know if Stern even has the authority to say bids are what they are and no others can be made, seems like a legal area that I know nothing about.
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Re: NBA returning to Seattle?
Thu May 02, 2013 10:05 am
  • rix98 wrote:
    pinksheets wrote:There seems to be rumblings that Ballmer wants to throw more money down. Make the offer's vastly different and give the Maloofs all the incentive to stick it out, not to mention give them a cut and dry lawsuit.


    This makes sense, but Stern stated that he was not accepting higher bids and get into a bidding war. I don't know if Stern even has the authority to say bids are what they are and no others can be made, seems like a legal area that I know nothing about.


    I agree, it doesn't seem like he'd have that authority.
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Re: NBA returning to Seattle?
Thu May 02, 2013 10:38 am
  • here's an article that outlines a some non-litigation options and details the existing case law that may help our side

    "What I will say is Hansen at least has a good argument, backed by case law, IF he is denied the purchase of the Kings."


    http://sportspressnw.com/2150714/2013/t ... re-welcome
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Re: NBA returning to Seattle?
Thu May 02, 2013 12:31 pm
  • One other major Ace up Hansen's sleeve that I haven't seen much talk about:

    The 7% of the Kings that he's already purchased through Bankruptcy Court. Obviously, it's just a minority share but still adds to his leverage. Look at the process - it means the NBA told the Federal Courts, "Hey, we've vetted this guy and approved him. We want to go through with this" and then Hansen was the only bidder. Despite loads of time, the Sacramento Group never made a bid for it. After Hansen bought it, Sacto had 15 days to match, and still couldn't come up with the $$$. If the BoG now tries to reject the sale of that 7%, they're going to look pretty stupid in front of a Federal Judge explaining why they did. Also, it's a major piece of evidence in Hansen's favor if he goes to Court to enforce sale of the remaining 65%.

    Also, we've never got a clear answer if that minority share also comes with a Right of First Refusal to any sale offer. Sacramento originally claimed that it did, but the argument went away after Hansen bought it and appeared to be irrelevant. But now? It it's huge. If the ROFO exists, Hansen now has it.

    1. Even if the BoG rejects the sale of the 65% from the Maloofs, they still have to separately reject the sale of the 7% from Bankruptcy (even harder to justify under their bylaws).
    2. If the 7% is rejected, Hansen can fight that in Bankruptcy Court (the NBA would be the road team, so to speak). Evidence in his favor is that he was pre-approved & vetted by the NBA, was the only bidder for the shares, and no one else was able to match his offer within the court-appointed 15 day window (despite the rest of the sale obviously being in contention).
    3. If Hansen maintains control of the 7% (IMO very likely) he now is a minority partner in the Kings and has ROFO to any sale of a controlling interest. That means that even if the NBA talks the Maloofs into accepting the Sacto offer, Hansen can exercise his ROFO to match the price and buy the controlling share for himself (this is how Jordan wound up with the Bobcats).

    ......

    Maybe blind hope & fandom is clouding my judgement, but I seriously don't see how the NBA gets away with this a 2nd time. We're getting a team - whether it's by using this leverage to extract expansion or if Hansen has to take 2-3 years to pry the Kings out of Sacto, one way or another it's happening.

    Stern's entire strategy seems based on little more than belief in his own power/influence and backdoor threats - "play along with our games or we'll never let you in the club." Fuck That. Stern is Lucy with the football and he thinks everyone else is Charlie Brown. Time for Seattle to kick Stern in the head, because I think Hansen has already legally out-manuvered him.

    So it will make Stern "angry"? La-ti-frickin-da. He's gone after this year anyways, and will probably be dead in 5. What's he gonna do? I say we shove him out the door with a little going away present, and he can spend his retirement reflecting on how he shouldn't have screwed us in the first place.

    You think Silver's going to carry on Stern's vendetta? Hell no. He'll be taking over an NBA where a franchise in Seattle is a reality, so he'll do his job and work with it.

    We're going to piss off the other owners? Oh no - I'm shaking. Half of them are old-guard and will be gone/dead in a few years as well. Think Bennett will have half the influence he currently has after his buddy Stern is gone and his bankrolling partner Aubrey McClendon is fully bankrupt or in jail? Hell no. Money talks, and the other owners will accept Hansen/Ballmer just fine - I mean, they've put up with jerk-offs like Sterling & the Maloofs before. Even if some hate us, so what? You think guys like Cuban & Allen are popular in the meetings? Doesn't stop them from getting things done.
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Re: NBA returning to Seattle?
Thu May 02, 2013 12:47 pm
  • vedthree wrote:One other major Ace up Hansen's sleeve that I haven't seen much talk about:

    The 7% of the Kings that he's already purchased through Bankruptcy Court. Obviously, it's just a minority share but still adds to his leverage. Look at the process - it means the NBA told the Federal Courts, "Hey, we've vetted this guy and approved him. We want to go through with this" and then Hansen was the only bidder. Despite loads of time, the Sacramento Group never made a bid for it. After Hansen bought it, Sacto had 15 days to match, and still couldn't come up with the $$$. If the BoG now tries to reject the sale of that 7%, they're going to look pretty stupid in front of a Federal Judge explaining why they did. Also, it's a major piece of evidence in Hansen's favor if he goes to Court to enforce sale of the remaining 65%.

    Also, we've never got a clear answer if that minority share also comes with a Right of First Refusal to any sale offer. Sacramento originally claimed that it did, but the argument went away after Hansen bought it and appeared to be irrelevant. But now? It it's huge. If the ROFO exists, Hansen now has it.

    1. Even if the BoG rejects the sale of the 65% from the Maloofs, they still have to separately reject the sale of the 7% from Bankruptcy (even harder to justify under their bylaws).
    2. If the 7% is rejected, Hansen can fight that in Bankruptcy Court (the NBA would be the road team, so to speak). Evidence in his favor is that he was pre-approved & vetted by the NBA, was the only bidder for the shares, and no one else was able to match his offer within the court-appointed 15 day window (despite the rest of the sale obviously being in contention).
    3. If Hansen maintains control of the 7% (IMO very likely) he now is a minority partner in the Kings and has ROFO to any sale of a controlling interest. That means that even if the NBA talks the Maloofs into accepting the Sacto offer, Hansen can exercise his ROFO to match the price and buy the controlling share for himself (this is how Jordan wound up with the Bobcats).

    ......

    Maybe blind hope & fandom is clouding my judgement, but I seriously don't see how the NBA gets away with this a 2nd time. We're getting a team - whether it's by using this leverage to extract expansion or if Hansen has to take 2-3 years to pry the Kings out of Sacto, one way or another it's happening.

    Stern's entire strategy seems based on little more than belief in his own power/influence and backdoor threats - "play along with our games or we'll never let you in the club." Fuck That. Stern is Lucy with the football and he thinks everyone else is Charlie Brown. Time for Seattle to kick Stern in the head, because I think Hansen has already legally out-manuvered him.

    So it will make Stern "angry"? La-ti-frickin-da. He's gone after this year anyways, and will probably be dead in 5. What's he gonna do? I say we shove him out the door with a little going away present, and he can spend his retirement reflecting on how he shouldn't have screwed us in the first place.

    You think Silver's going to carry on Stern's vendetta? Hell no. He'll be taking over an NBA where a franchise in Seattle is a reality, so he'll do his job and work with it.

    We're going to piss off the other owners? Oh no - I'm shaking. Half of them are old-guard and will be gone/dead in a few years as well. Think Bennett will have half the influence he currently has after his buddy Stern is gone and his bankrolling partner Aubrey McClendon is fully bankrupt or in jail? Hell no. Money talks, and the other owners will accept Hansen/Ballmer just fine - I mean, they've put up with jerk-offs like Sterling & the Maloofs before. Even if some hate us, so what? You think guys like Cuban & Allen are popular in the meetings? Doesn't stop them from getting things done.



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Re: NBA returning to Seattle?
Thu May 02, 2013 1:20 pm

Re: NBA returning to Seattle?
Thu May 02, 2013 1:24 pm
  • But they haven't? These boys are still scrounging up change to put up HALF in escrow, at what point is this 5000000000 man ownership group not viable?
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Re: NBA returning to Seattle?
Thu May 02, 2013 1:28 pm
  • I am not well versed in this entire story. The 7% and 65% slice is well known now, but who comprises of the other 28% and why wouldn't they have Right Of First Offer? Are these other minority owners just 1-6% ownership type slices? I am going to assume so, since it would make sense with the current reports I see from time to time about the deal. Must be like those 20+ Million dollar offers KJ rounded up.
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Re: NBA returning to Seattle?
Thu May 02, 2013 1:32 pm
  • vedthree wrote:One other major Ace up Hansen's sleeve that I haven't seen much talk about:

    The 7% of the Kings that he's already purchased through Bankruptcy Court. Obviously, it's just a minority share but still adds to his leverage. Look at the process - it means the NBA told the Federal Courts, "Hey, we've vetted this guy and approved him. We want to go through with this" and then Hansen was the only bidder. Despite loads of time, the Sacramento Group never made a bid for it. After Hansen bought it, Sacto had 15 days to match, and still couldn't come up with the $$$. If the BoG now tries to reject the sale of that 7%, they're going to look pretty stupid in front of a Federal Judge explaining why they did. Also, it's a major piece of evidence in Hansen's favor if he goes to Court to enforce sale of the remaining 65%.

    Also, we've never got a clear answer if that minority share also comes with a Right of First Refusal to any sale offer. Sacramento originally claimed that it did, but the argument went away after Hansen bought it and appeared to be irrelevant. But now? It it's huge. If the ROFO exists, Hansen now has it.

    1. Even if the BoG rejects the sale of the 65% from the Maloofs, they still have to separately reject the sale of the 7% from Bankruptcy (even harder to justify under their bylaws).
    2. If the 7% is rejected, Hansen can fight that in Bankruptcy Court (the NBA would be the road team, so to speak). Evidence in his favor is that he was pre-approved & vetted by the NBA, was the only bidder for the shares, and no one else was able to match his offer within the court-appointed 15 day window (despite the rest of the sale obviously being in contention).
    3. If Hansen maintains control of the 7% (IMO very likely) he now is a minority partner in the Kings and has ROFO to any sale of a controlling interest. That means that even if the NBA talks the Maloofs into accepting the Sacto offer, Hansen can exercise his ROFO to match the price and buy the controlling share for himself (this is how Jordan wound up with the Bobcats).

    ......

    Maybe blind hope & fandom is clouding my judgement, but I seriously don't see how the NBA gets away with this a 2nd time. We're getting a team - whether it's by using this leverage to extract expansion or if Hansen has to take 2-3 years to pry the Kings out of Sacto, one way or another it's happening.

    Stern's entire strategy seems based on little more than belief in his own power/influence and backdoor threats - "play along with our games or we'll never let you in the club." Fuck That. Stern is Lucy with the football and he thinks everyone else is Charlie Brown. Time for Seattle to kick Stern in the head, because I think Hansen has already legally out-manuvered him.

    So it will make Stern "angry"? La-ti-frickin-da. He's gone after this year anyways, and will probably be dead in 5. What's he gonna do? I say we shove him out the door with a little going away present, and he can spend his retirement reflecting on how he shouldn't have screwed us in the first place.

    You think Silver's going to carry on Stern's vendetta? Hell no. He'll be taking over an NBA where a franchise in Seattle is a reality, so he'll do his job and work with it.

    We're going to piss off the other owners? Oh no - I'm shaking. Half of them are old-guard and will be gone/dead in a few years as well. Think Bennett will have half the influence he currently has after his buddy Stern is gone and his bankrolling partner Aubrey McClendon is fully bankrupt or in jail? Hell no. Money talks, and the other owners will accept Hansen/Ballmer just fine - I mean, they've put up with jerk-offs like Sterling & the Maloofs before. Even if some hate us, so what? You think guys like Cuban & Allen are popular in the meetings? Doesn't stop them from getting things done.


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Re: NBA returning to Seattle?
Thu May 02, 2013 1:54 pm
  • I don't know how plugged in Brock Huard is but he's dropped a few tweets here.

    Brock Huard ‏@BrockESPN 2h
    Let me be unequivocally clear with #sonics : Work is going on behind the scenes in NYC as we tweet.


    Brock Huard ‏@BrockESPN 1h
    This is no gut feeling, or speculation. Work is ongoing in NYC. The billion dollar question is what does it mean and what is the remedy? TBD


    Whats the work? make an excuse to Seattle so we don't burn the bridge?
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Re: NBA returning to Seattle?
Thu May 02, 2013 1:59 pm
  • The Kings aren't coming. Just stop already. They did what they had to to retain the team. Its over.
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Re: NBA returning to Seattle?
Thu May 02, 2013 1:59 pm
  • I'm not sure whether to like or hate such minimal-information tweets -_-
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:01 pm
  • Throwdown wrote:I don't know how plugged in Brock Huard is but he's dropped a few tweets here.

    Brock Huard ‏@BrockESPN 2h
    Let me be unequivocally clear with #sonics : Work is going on behind the scenes in NYC as we tweet.


    Brock Huard ‏@BrockESPN 1h
    This is no gut feeling, or speculation. Work is ongoing in NYC. The billion dollar question is what does it mean and what is the remedy? TBD


    Whats the work? make an excuse to Seattle so we don't burn the bridge?


    Can we please have some actual info and not vague tweets! Come on Brock!
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:12 pm
  • Blitzer88 wrote:
    Throwdown wrote:I don't know how plugged in Brock Huard is but he's dropped a few tweets here.

    Brock Huard ‏@BrockESPN 2h
    Let me be unequivocally clear with #sonics : Work is going on behind the scenes in NYC as we tweet.


    Brock Huard ‏@BrockESPN 1h
    This is no gut feeling, or speculation. Work is ongoing in NYC. The billion dollar question is what does it mean and what is the remedy? TBD


    Whats the work? make an excuse to Seattle so we don't burn the bridge?


    Can we please have some actual info and not vague tweets! Come on Brock!



    There is no info.
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:19 pm
  • CALIHAWK1 wrote:The Kings aren't coming. Just stop already. They did what they had to to retain the team. Its over.


    Far from over. There's still the matter of the sale, which I can't see going against Hansen. Like many have said before, if the sale to Hansen gets rejected it opens grounds for a lawsuit which could threaten the entire league.

    And as far as the team actually moving, I'm not so sure the the League has legal grounds to stop the team from moving even if they voted against it. I know this was brought up before when Bennet was looking to move the Sonics to OKC.
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:21 pm
  • drdiags wrote:I am not well versed in this entire story. The 7% and 65% slice is well known now, but who comprises of the other 28% and why wouldn't they have Right Of First Offer? Are these other minority owners just 1-6% ownership type slices? I am going to assume so, since it would make sense with the current reports I see from time to time about the deal. Must be like those 20+ Million dollar offers KJ rounded up.


    I don't know for sure either, Dr. I've been trying to google what I can.

    The ROFO is in the Kings' main Franchise Agreement, basically says that whenever a controlling interest is sold any minority owner can use the ROFO to step in and match, and in the case of matching offers the minority owner wins.

    So I would assume that everyone involved with that remaining 28% each has their own ROFO. Which probably explains why Sacto wasn't completely motivated to grab the 7% in Bankruptcy (plus they simply couldn't front the cash at the time) - so figured they could still use a ROFO from that remaining 28% as their own, and figured the NBA's ability to reject Hansen's purchase of the 7% was all the protection they needed.

    But, IMO that was a big tactical error on their part. If Hansen can keep control of even just his minority share, he can counter any Sacto ROFO with his own and turn it into another bidding war that he's going to win.
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:27 pm
  • Blitzer88 wrote:
    Throwdown wrote:I don't know how plugged in Brock Huard is but he's dropped a few tweets here.

    Brock Huard ‏@BrockESPN 2h
    Let me be unequivocally clear with #sonics : Work is going on behind the scenes in NYC as we tweet.


    Brock Huard ‏@BrockESPN 1h
    This is no gut feeling, or speculation. Work is ongoing in NYC. The billion dollar question is what does it mean and what is the remedy? TBD


    Whats the work? make an excuse to Seattle so we don't burn the bridge?


    Can we please have some actual info and not vague tweets! Come on Brock!


    and Blitzer is now slowly crawling away from the cliff's edge :D
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:28 pm
  • Thank you for your continual injection of completely logic based hope this week Vedthree. I hope that things are as they appear, that Hansen is already two steps ahead of the NBA and Sacramento.
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Re: NBA returning to Seattle?
Thu May 02, 2013 2:42 pm
  • Throwdown wrote:I don't know how plugged in Brock Huard is but he's dropped a few tweets here.


    Kind of easy for me to dismiss Brock as a talking head, but IIRC he's been heavily involved with a lot of real estate development down in SoDo and probably has some legit connections to the Hansen group through that avenue.

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Re: NBA returning to Seattle?
Thu May 02, 2013 2:43 pm

Re: NBA returning to Seattle?
Thu May 02, 2013 3:20 pm
  • salamander wrote:This from Danny Oneil
    http://mynorthwest.com/422/2264433/King ... hould-stay

    Try to read it with an open mind.


    Even with an open mind this is some pussy ass shit right here.
    Not to mention its all based on whether the Sac group actually has the money or not so until they do I'm not sure why any Sonics fan would give up hope...FLAME ON!!!!!!!
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Re: NBA returning to Seattle?
Thu May 02, 2013 3:42 pm
  • Don't give up. The last thing the NBA wants to do is enter litigation. Every time it has come up in MLB,NFL or the NBA a compromise is worked out.
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Re: NBA returning to Seattle?
Thu May 02, 2013 4:06 pm
  • CALIHAWK1 wrote:
    Blitzer88 wrote:Brock Huard ‏@BrockESPN 2h
    Let me be unequivocally clear with #sonics : Work is going on behind the scenes in NYC as we tweet.


    Brock Huard ‏@BrockESPN 1h
    This is no gut feeling, or speculation. Work is ongoing in NYC. The billion dollar question is what does it mean and what is the remedy? TBD


    Whats the work? make an excuse to Seattle so we don't burn the bridge?


    Can we please have some actual info and not vague tweets! Come on Brock![/quote]


    There is no info.[/quote]

    I'm right there with you Cali, I don't know what possible options we have, but I don't think Brock would say this without having some knowledge of something.
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Re: NBA returning to Seattle?
Fri May 03, 2013 8:09 am
  • E.C. Laloosh wrote:
    And don't read this one unless you just want to be pissed off... (from 2008)
    http://www.nba.com/news/sternsonicsstatement_080702.html



    Under the circumstances outlined above, the NBA would be happy to return to the City of Seattle.”


    Bennett was lying 5 years ago, still lying. :roll:
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Re: NBA returning to Seattle?
Fri May 03, 2013 9:04 am
  • Someone on a Sacbee article was asking about the status of the escrow money that's due today. Someone responded with:

    Vivek put 340 million rupees into escrow, and is hoping that nobody notices that it's about 5.9 million in U.S. Dollars.


    :lol:
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Re: NBA returning to Seattle?
Fri May 03, 2013 9:17 am
  • Hahahaa
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Re: NBA returning to Seattle?
Fri May 03, 2013 9:44 am

Re: NBA returning to Seattle?
Fri May 03, 2013 12:11 pm
  • E.C. Laloosh wrote:Sacbee article on Sac groups arena plan:

    http://m.sacbee.com/sacramento/db_99761/contentdetail.htm?contentguid=snJ7ge39


    So the city says public money will fund 58% of the arena, critics say public money will fund 75%. So realistically its probably somewhere in the middle. 66.5%

    So 2/3 of the arena paid by Sac tax payers. It'll be interesting to see if they can push that through, good luck. Sounds like they have a battle ahead of them.

    Seattle arena plan? Already approved.

    http://www.slate.com/blogs/moneybox/201 ... idies.html

    Here's Why the NBA Is Forcing the Sacramento Kings' Owners to Accept a Low Bid

    At first glance this seems perverse.

    it seems to all go back to the arena. You see, in addition to offering $365 million for the team, the Seattle bidders were offering to build a brand new arena for the Kings. By contrast, the Sacramento bidders managed to persuade the city of Sacramento to build a brand new arena for the Kings. The Seattle bid, in other words, would have set a good precedent for the future of American public policy. And the owners didn't want that.
    So you think you can tell Heaven from Hell, blue skies from pain. Can you tell a green field from a cold steel rail? A smile from a veil?
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Re: NBA returning to Seattle?
Fri May 03, 2013 1:59 pm
  • Well well well!!! They finally put some money up!
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Re: NBA returning to Seattle?
Fri May 03, 2013 2:21 pm
  • Now I am drunk right now, but.

    Couldn't Hansen/Ballmer pay for PUSA, Sirmix Alot, Mackelmore and Kevin Calabro to put on an outdoor show in new york, pay for a ton of sonics fans to go out there and just throw a big "we have more culture, better fans, and more money," middle finger to the league?
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Re: NBA returning to Seattle?
Fri May 03, 2013 5:01 pm
  • I like the idea. However I paid 8 bucks to see Sir-mix-alot in downtown Seattle about 7 years ago and I would say he has lost his egde.
    He would not play "Big Butts"...I wanted my money back!

    Remember its not over till its over. Its just like a NFL free agent signing...out of no where a team pops in and takes the FA. Seattle is still in this!
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Re: NBA returning to Seattle?
Fri May 03, 2013 5:41 pm
  • twisted_steel2 wrote:
    E.C. Laloosh wrote:Sacbee article on Sac groups arena plan:

    http://m.sacbee.com/sacramento/db_99761/contentdetail.htm?contentguid=snJ7ge39


    So the city says public money will fund 58% of the arena, critics say public money will fund 75%. So realistically its probably somewhere in the middle. 66.5%

    So 2/3 of the arena paid by Sac tax payers. It'll be interesting to see if they can push that through, good luck. Sounds like they have a battle ahead of them.

    Seattle arena plan? Already approved.

    http://www.slate.com/blogs/moneybox/201 ... idies.html

    Here's Why the NBA Is Forcing the Sacramento Kings' Owners to Accept a Low Bid

    At first glance this seems perverse.

    it seems to all go back to the arena. You see, in addition to offering $365 million for the team, the Seattle bidders were offering to build a brand new arena for the Kings. By contrast, the Sacramento bidders managed to persuade the city of Sacramento to build a brand new arena for the Kings. The Seattle bid, in other words, would have set a good precedent for the future of American public policy. And the owners didn't want that.


    Here's the irony, the NBA may be screwing themselves in more ways then one if that is their attitude. Other cities are going to look at the cautionary tale of how the NBA screwed the capital of one of the biggest states in the union with their outlook on things. Other potential owners are going to see the "you can't sell who you want to, you can't take the team where you want to without our position, deal with," and say "screw that." Plus all the forthcoming lawsuits and antitrust cases. Even if we come away with nothing, I am completely fine burning the league at this point.
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Re: NBA returning to Seattle?
Sat May 04, 2013 8:19 am

Re: NBA returning to Seattle?
Sat May 04, 2013 3:00 pm
  • Spounge84 wrote:
    CALIHAWK1 wrote:The Kings aren't coming. Just stop already. They did what they had to to retain the team. Its over.


    Far from over. There's still the matter of the sale, which I can't see going against Hansen. Like many have said before, if the sale to Hansen gets rejected it opens grounds for a lawsuit which could threaten the entire league.

    And as far as the team actually moving, I'm not so sure the the League has legal grounds to stop the team from moving even if they voted against it. I know this was brought up before when Bennet was looking to move the Sonics to OKC.

    The Sacramento arena deal is also a debacle. There is a local lawsuit against the team. Stern has his head way WAY up his hug, soft, womanly ass. I have no idea why I said that.
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Re: NBA returning to Seattle?
Sat May 04, 2013 4:12 pm

Re: NBA returning to Seattle?
Sun May 05, 2013 12:36 pm
  • It's too quiet on this front! Hope H/B/N are crushing skulls behind closed doors!
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Re: NBA returning to Seattle?
Sun May 05, 2013 7:41 pm
  • Calm before the storm...
    Marvin49 wrote:Ok. I have to admit. That's messed up.

    You win.
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Re: NBA returning to Seattle?
Mon May 06, 2013 8:42 am
  • I don't like how quiet it's been
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Re: NBA returning to Seattle?
Mon May 06, 2013 9:28 am
  • I swear if u listen to brock and danny or anybody on espn this is over time for a funeral. you listen to kjr it seems like they are ready for a damn fight. I swear its the offseason and the mariners suck. Why espn is talking mariners on loop and the sonics as its an after thought is really pissing me off.
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Re: NBA returning to Seattle?
Mon May 06, 2013 9:35 am
  • They are being allowed to keep the team because of this...

    http://www.sacbee.com/2013/05/06/5398439/sacramento-kings-dallas-nba.html

    The investors trying to keep the Kings in Sacramento made key concessions to the NBA, including a promise to limit the amount of league revenue sharing they would accept, according to a published report.
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Re: NBA returning to Seattle?
Mon May 06, 2013 10:28 am
  • hawkcrazzed wrote:I swear if u listen to brock and danny or anybody on espn this is over time for a funeral. you listen to kjr it seems like they are ready for a damn fight. I swear its the offseason and the mariners suck. Why espn is talking mariners on loop and the sonics as its an after thought is really pissing me off.

    KIRO is the flagship station of the Mariners and carries their games, the M's don't want the Sonics or NHL, so you are not getting an unbiased source there.
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