NBA returning to Seattle?

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Re: NBA returning to Seattle?
Thu Apr 04, 2013 8:39 pm
  • pinksheets wrote:Blitzer, listen to this. DO IT NOW DO IT NOW DO IT NOW ILL FIND YOU

    pinksheets wrote:Dow Constantine kills it on Mitch:

    http://www.sportsradiokjr.com/player/?s ... d=23058822


    I already did when you first posted it.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 8:44 pm
  • How does that not make you feel confident?

    Don't just let the negative chit chat bring you down, when our government guys who have been working on this for a couple of years, who were in the room with the NBA BOG on the 3rd, who are the types who know about the process of putting together an arena plan and what state one really is in feel that confident and call the Sac plan "vapor"....feel good.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 10:22 pm
  • Is Blitzer an avid Aaron Bruski reader or something?
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 10:32 pm
  • Throwdown wrote:Is Blitzer an avid Aaron Bruski reader or something?


    I must be lol.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 10:36 pm
  • Blitzer88 wrote:
    Throwdown wrote:Is Blitzer an avid Aaron Bruski reader or something?


    I must be lol.


    Have to be! He's the only guy who said 2017 for Seattle, when in reality in November after things are signed and if Hansen gets the team, the building starts going up.
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Re: NBA returning to Seattle?
Fri Apr 05, 2013 7:40 am
  • From ESPN's article on the meeting

    http://espn.go.com/nba/story/_/id/9131247/groups-representing-sacramento-seattle-vie-nba-kings

    Last week, lawmakers in Sacramento passed a term sheet promising $258 million of a $448 million arena project set for downtown. They are hoping to get the building open by 2015, though all timelines are loose and adding to the complex nature of the decision


    They have an agreement with city and county officials to build a $490 million arena in downtown Seattle to be open in 2017. The team would play in KeyArena for the next two-plus seasons until the new building was done. The Hansen group is putting in $290 million of its own money, not including $50 million already spent to buy real estate near the Seattle Mariners' Safeco Field.


    The author Brian Windhorst may have lifted these dates from this Aaron Bruski fellow, not sure? So unless one is well versed on the subject as some are here, it isn't difficult to get lost in the propaganda. Makes for good drama but these guys are dragging their feet on this one.

    That 2017 date didn't jive with what I thought I originally heard with this. If the team is purchased, the commitment to build is activated and I thought the team would only play in Key Arena the next 2 seasons, which meant to me 2016 but maybe things have changed since the last time I paid attention?
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Re: NBA returning to Seattle?
Fri Apr 05, 2013 11:54 am
  • The Seattle target date is 2015-2016 with a possibility it could slip to the 2016-2017 season.

    Sacramento still hasn't:

    1. Approved a deal like ours with actual financing, etc. and that begins an environmental review
    2. Obviously, gone through environmental review and dealt with any lawsuits
    3. Even purchased all of the property needed

    Then there will be a ton of demolition required before they can even break ground. I think 2016-2017 (our late projection) is as early as Sacramento can get this done. That article is definitely parroting Bruski, and I think that's Bruski's intent: flood the conversation with talk of how quickly Sacramento's arena will go up with bs about how long it'll take Seattle.
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Re: NBA returning to Seattle?
Fri Apr 05, 2013 5:34 pm
  • Can't recall if this has been posted before, but I was just reading through it a bit more thoroughly so I thought I'd put it up:

    http://eyeonsacramento.com/2013/03/an-e ... -proposal/

    I don't know much about the group's leanings, perhaps they are diehard anti-arena, but just on its own merit, their report is intriguing. If you're interested, focus especially on sections VI and VII, in which the report takes apart and/or asks questions about the financing plan and the general fund backfill for Sacramento. The problem with the term sheet is it essentially has no details and is largely based off projections that aren't sourced or explained. Most of the money is just money shuffled around from other sources, not new revenue, and it all leads back to the city's general fund being on the hook in the event of a default. How likely is a default? Well even the Sacramento projections on the interest rates are relatively quite high, which is normally the case for high risk debt. I highly recommend reading the whole report, especially those two sections, if you're having doubts.

    Now the question is: how much is this the NBA's problem? Perhaps none at all. I doubt the NBA is greatly concerned with the long term health of the city of Sacramento, but on the other hand, they also might not want to have Sacramento's story end up a cautionary tale about entering into large public partnerships with the NBA, in the event of a default disaster. Then again, maybe the NBA doesn't care.

    The bigger side of things, to me, is how do you get this into the form of an actual piece of binding legislation? Will the Sacramento city council just roll with the current projections, or will more work need to be done? Keep in mind, this is not the equivalent of our MOU, where the financing has been worked out and agreed to, the Sacramento city council essentially just endorsed a non-binding letter of intent, stating that they like the terms and projections in this document and would likely move forward. I'm not sure if the council would push back, they seem to be more concerned with the political fallout of keeping the Kings than anything else, but an actual financing agreement is going to have to have a lot more detail and legitimate terms to move forward. The fact of the matter is, the vague responses that the general fund would likely be protected or that the city isn't really on the hook, ie all the BS, won't hold up nearly as well. The bonds won't be issued without guarantees, the people with the real money financing these bonds are going to want to see hard numbers, not rosy projections. There is so much left to be hashed out on Sacramento's side that their only hope is to commit to essentially not doing any due diligence and just taking the City Manager and investors' word for it.

    And why bother if the Seattle deal is nixed? What pressure is on the Sacramento city council to rush this thing through if the NBA removes the threat of an impending sale and move? It would be in the best service to their city, realizing that they were no longer under the gun, to make sure this deal really pencils out. The NBA will be deciding the fate of the Kings before their city council gets into the nitty gritty, so who is to say really how long the next leg of the race for them will take? They won't be under any more time constraints so more scrutiny is inevitable, even by a seemingly eager city council.

    I don't want to take the position of sports complexes being awful for an economy. I don't buy into that wholesale. They certainly spark development in their surrounding area, etc., whether or not that diverts from spending elsewhere, I'm not positive. The problem here is that Sacramento's proposal has a bizarrely complex Rube Goldberg financing machine that serves to obscure where the money is really coming from all in the name of supposedly revitalizing a downtrodden economy via a new sports building. Their central piece for economic development is a basketball arena with zero chance of even adding a secod professional team beyond the WNBA. It's not going to happen, which is why I always end up bringing the Simpsons "Monorail" episode. Tons of lofty promises that don't hold up to any kind of scrutiny being readily consumed by people desperate to get the wheels turning. I'm not going to tell Sacramento what's best for their city, because frankly, I don't give a damn, but all of these aspects are relevant, as they are the biggest impediments to a competing plan.
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Re: NBA returning to Seattle?
Sat Apr 06, 2013 1:58 am
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Re: NBA returning to Seattle?
Sun Apr 07, 2013 11:16 am
  • Warning for Blitzer, KJ's punk ass is having a press conference tomorrow, DON'T TRIP!
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Re: NBA returning to Seattle?
Sun Apr 07, 2013 11:51 am
  • This is turning into what KJ did as a player, whine, play on the edge of dirty at times and run his mouth at the drop of a hat blaming everything and everyone else but never taking reponsibility for his part in anything thats going on.
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Re: NBA returning to Seattle?
Sun Apr 07, 2013 1:37 pm

Re: NBA returning to Seattle?
Mon Apr 08, 2013 12:57 pm
  • Chris Daniels ‏@ChrisDaniels5 3m
    There have been whispers on this all day… RT @dakasler: We're told Burkle won't be part of #NBAKings ownership - focus instead on arena only

    Chris Daniels ‏@ChrisDaniels5 20m
    RT @dakasler: Updated: Burkle shift on #NBAKings eases concerns over conflict of interest http://sacb.ee/XowwLU
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:15 pm
  • So KJ is using this opportunity to sell FILA sneakers.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:18 pm
  • Soo what exactly is burkle in on then? Lol
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:20 pm
  • Nothing. He supposedly is going to be involved in investments in the areas around the arena, but he is now irrelevant to this deal. He cannot be involved on either side for Sacramento. That's a huge chunk of cash that just left the picture.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:25 pm
  • -gently puts champagne on the ice-

    Just getting ready.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:31 pm
  • When Sacramento fans play this off as no big deal, that Burkle is not that important....

    ask them or just yourself this...

    who is KJ on the phone with celebrating an agreement on the arena?

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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:40 pm
  • Chris Daniels ‏@ChrisDaniels5 7m
    KJ says Burkle can't be a part of equity on team OR arena. #NBAKings
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:46 pm
  • pinksheets wrote:When Sacramento fans play this off as no big deal, that Burkle is not that important....

    ask them or just yourself this...

    who is KJ on the phone with celebrating an agreement on the arena?

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    Totally misconstrued, he's excited for the pizza he just ordered.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:47 pm
  • I don't know the impact of this news, but anytime you lose a billionaire investor...that can NOT be a good thing.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:53 pm
  • -The Glove- wrote:I don't know the impact of this news, but anytime you lose a billionaire investor...that can NOT be a good thing.


    Well supposedly those on Sac-town radio/Sac-Town Royalty are playing it off as no big deal and actually good for the Sac group because now the Maloofs will be more willing to sell to KJ's group if the Seattle bid is denied.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 1:57 pm
  • Blitzer88 wrote:
    -The Glove- wrote:I don't know the impact of this news, but anytime you lose a billionaire investor...that can NOT be a good thing.


    Well supposedly those on Sac-town radio/Sac-Town Royalty are playing it off as no big deal and actually good for the Sac group because now the Maloofs will be more willing to sell to KJ's group if the Seattle bid is denied.

    Uh huh. I'm sure that aspect of it is worth more than the large sum of money Burkle was going to contribute that now needs to be made up by the lesser investors.

    Again, if he's so unimportant, why is KJ on the phone "closing the deal" with him in that pic? Whose people were on point negotiating the arena deal? Are Vivek and Mastrov fine with the same arena deal? The Sac side of things continues to look like the rushed, disorganized, ill-prepared mess it always has been.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 2:14 pm
  • Welp........

    Napier on now 1140
    “three sources tell me this is a GOOD thing”…“NBA orchestrating this”…“the NBA is 100% on board with what is going on in Sacramento.”
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 2:15 pm
  • Don't be a pussy.

    KJ has been using the Sacramento media as shills the whole time. Their sources have always appeared to be people close to KJ's circle. Their "leaks" are strategic PR moves, not legitimate news.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 3:34 pm
  • Big Chris from SonicsRising pretty much summed the day up perfectly:

    So glad that as a writer for Sonics Rising...
    I’m so glad my day today didn’t look like this:

    Brian: “We’re losing one of our key investors.”
    Me: “So how are they announcing this?”
    Brian: “The mayor will be making an announce of a new shoe just after word leaks to the press. We’re hoping that is enough of a distraction.”
    Me: Dumbfounded look. Brainlock. “Wha?!?”
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 4:21 pm

Re: NBA returning to Seattle?
Mon Apr 08, 2013 4:32 pm
  • My question is, if the team stays in Sacramento and the city continues to go under because they now are helping to fund a team that cant be supported by that city, how long until KJ gets kicked out of office? His job is to be the leader of the city, not to be a blind sports fan with no interest in the financial well-being of the city. :141847_bnono:
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 4:34 pm
  • Looks like April 18th/19th will be the big day for us or Sacramento.

    Chris Daniels ‏@ChrisDaniels5 20m
    On #NBAKings, one thing appears clearer: Sac Mayor Johnson, and sources close to Seattle deal both think vote is coming April 18/19.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:01 pm
  • Gahh, April 19th is approaching SOOOOOOOOOOOOO slowly.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:12 pm
  • Interesting note from the KJ press conference
    At least this bit:

    When a reporter asked KJ if the other investors were going to make up the difference, he did not say yes. He said the owners are committed and that they were aware this might be an issue, which implies that things will be fine, but he never comes out and states an unequivocal yes. Might mean nothing, might mean something when it comes from a politician whose job is to parse words.

    Maybe it’s not an issue, but I am skeptical that you can take out the biggest investor in the group and have people ready to pony up a huge amount of cash.

    So there was no confirmation that the Sac group would match, and the answer was just as political and dodgy about whether or not the amount Burkle was going to contribute is being completely replaced by the other investors.

    http://www.king5.com/news/Sacramentos-w ... 55251.html

    Also interesting
    “A high level NBA league source says Burkle “wasn’t all that fired up about this deal.”"

    Even more interesting?
    “NBA Commissioner David Stern said last week, when prompted about whether the Sacramento offer needed to be improved, “That’s not one of the issues we’re currently researching for the Owners.””

    Uh what? I kept seeing that quote as simply “That’s not one of the issues,” but that additional bit sure feels like it changes the connotation. Basically going from “it’s not an issue” to “it’s not an issue we are looking into any further”, which would fit the idea thrown out there that the Sac offer is in, it is what it is, and the NBA is moving on, not that the NBA is necessarily fine with the Sac offer or that the Sac group has matched give or take $30m.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:27 pm
  • Man, pinksheets, you should really have a Sonics blog. Good research and posts.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:31 pm
  • Haha, I actually copy and pasted posts I made on SonicsRising.

    If you aren't already, I highly recommending being a member and following that blog. News is posted there almost immediately by members and is immediately disseminated and discussed. Lots of smart people analyzing the situation, etc.
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:41 pm
  • pinksheets wrote:Haha, I actually copy and pasted posts I made on SonicsRising.

    If you aren't already, I highly recommending being a member and following that blog. News is posted there almost immediately by members and is immediately disseminated and discussed. Lots of smart people analyzing the situation, etc.


    I was reading through Brian McCann's twitter account and he had a conversation between himself and a Kings fan and the fan stated that they KJ/Mastrov/Renediv offer is/was rumored to be around 30 mil less than the Hasen/Ballmer/Nord offer. Do you have any info on that Pink?
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 9:45 pm
  • Blitzer88 wrote:
    pinksheets wrote:Haha, I actually copy and pasted posts I made on SonicsRising.

    If you aren't already, I highly recommending being a member and following that blog. News is posted there almost immediately by members and is immediately disseminated and discussed. Lots of smart people analyzing the situation, etc.


    I was reading through Brian McCann's twitter account and he had a conversation between himself and a Kings fan and the fan stated that they KJ/Mastrov/Renediv offer is/was rumored to be around 30 mil less than the Hasen/Ballmer/Nord offer. Do you have any info on that Pink?

    That's just speculation.

    I mean, I can't say for certain it isn't true, but from all I can tell that rumor sprung up in speculative conversation between Kings fans when talking about Stern's comments that the Sac offer was "not an issue" (which btw, if you look at the full quote from the Chris Daniels article, may not be a fair way to sum up waht he said). They assumed that it "not being an issue" meant they had either matched or had offered all but the $30m deposit basically saying Hansen had already paid it so the Maloofs had it no matter what (meaning they were basically counting Hansen's payment as part of their bid since it was non-refundable). I haven't seen that linked to any source, just talked about in back and forth convos. I don't believe it's true, and if it were, I think it'd be an awful play for them to make.

    And when you look at Stern's quote, again, you can take a lot from that. It's "not an issue" that they are "researching for owners". Meaning, I think the offer portion of it is simply final for Sac, they've made their pitch for what has been commonly referred to as a "backup offer".
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Re: NBA returning to Seattle?
Mon Apr 08, 2013 10:28 pm
  • Also funny to note that in KJ's press conference today, he probably said, at least four times, that Sacramento should be the "final resting place for the Sacramento Kings".

    I agree.

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Re: NBA returning to Seattle?
Mon Apr 08, 2013 11:17 pm
  • Lol you're one evil muhhh
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 12:15 am
  • Throwdown wrote:
    pinksheets wrote:When Sacramento fans play this off as no big deal, that Burkle is not that important....

    ask them or just yourself this...

    who is KJ on the phone with celebrating an agreement on the arena?

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    Totally misconstrued, he's excited for the pizza he just ordered.

    Can you blame the guy? Pizza is delicious!!!!
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 2:10 am
  • #herewebuy...dominoes
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 10:14 am
  • Anyone else on Sonicsrising?
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 10:27 am
  • Hawken-Dazs wrote:Anyone else on Sonicsrising?


    Just went over there for the first time, and I see this as the first thread... lol

    http://www.sonicsrising.com/2013/4/9/42 ... -classless
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 10:34 am

Re: NBA returning to Seattle?
Tue Apr 09, 2013 10:35 am

Re: NBA returning to Seattle?
Tue Apr 09, 2013 10:47 am
  • KJ long ago established himself as almost a flat-out liar - a total politician. Any celebrating he is doing or claims he is making are %90 BS. The Hanson group is the opposite - pragmatic, straightforward, phlegmatic with the press. It's real, real hard to translate anything KJ says into any kind of reality. He's the captain of the Titanic going down with the ship, grinning, nodding, giving the thumbs up: "We'll be just fine!"
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 11:22 am
  • When I look at this situation right now and try to pretend that I am neutral, I cannot see this going in Sacramento's favor. Seattle has a plan that is about as good as it gets while Sacramento is still trying to force pieces that don't quite fit. This is suppose to be a business decision after all...
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 11:36 am
  • TheLargentLine wrote:When I look at this situation right now and try to pretend that I am neutral, I cannot see this going in Sacramento's favor. Seattle has a plan that is about as good as it gets while Sacramento is still trying to force pieces that don't quite fit. This is suppose to be a business decision after all...


    Yep. Seattle's ownership, arena plan, and market just seem so strong and stable at this point. Then the ticket reservation thing recently was brilliant, well timed.
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 11:50 am
  • It's not like attendance to Sonics games before they left was lacking. In 06-07, the average attendance was approximately 95% of KeyArena's capacity. So there's really no basis for an argument that an NBA team did not and would not have enough support in Seattle.
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    The Outfield
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 12:49 pm
  • i just heard some zillionaire that was backing kings by the name of burkle just dropped off...things looking awful promising!!
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    jack_patera
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 1:54 pm
  • You can smell the desperation coming from Sacramento, and yes its combining with the cows and it smells like victory for Seattle.
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    Throwdown
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Re: NBA returning to Seattle?
Tue Apr 09, 2013 2:22 pm
  • Say what you want about KJ but at least he isn't just laying down like Greg Nickels did; I hate him almost as much as I do Clay Bennett.
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    Killa Kam
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