pinksheets, sorry, what is happening tomorrow that makes it a big day? So many dates, I'm losing track.
Edit: Oh never mind, tomorrow is the end of the time frame for minority owners to match the offer?
pinksheets wrote:And even if Chris's PSA with the Maloofs was voted down, he'd still likely be granted minority ownership, which comes with Right of First Opportunity, before a sale to the Sacramento group was submitted and finalized. Hansen would have minority owner rights to have first dibs on buying the team at that point. Let's see what goes down tomorrow.
Blitzer88 wrote:pinksheets wrote:And even if Chris's PSA with the Maloofs was voted down, he'd still likely be granted minority ownership, which comes with Right of First Opportunity, before a sale to the Sacramento group was submitted and finalized. Hansen would have minority owner rights to have first dibs on buying the team at that point. Let's see what goes down tomorrow.
Man I really hope thats the case, but I just have a gut feeling that Sac-Town is gonna manage to come in and get the 7% at the last minute.
Snohomie wrote:If KJ's takeaway from Seattle's fiasco was that the team left because of fan support, we're golden. I don't believe that is his takeaway at all, but if it were true it would mean he has no idea what is important to the NBA and that would sink his chances of keeping the Kings.
Johnson's campaign has been run mostly on an emotional level. It probably sounds good to the Sacramento fans he works for, but the NBA isn't going to make this ruling based on such niceties. Owners will vote for a combination of:
1.) Do I want to restrict my ability to sell to whatever solvent backer I choose?
2.) Which move will add more value to my team?
3.) Which owner do I like more? (probably only likely if prior relationship with the owner)
4.) Do I want to give Seattle the middle finger or take the bulls eye sign off my back? (Clay Bennett only, though if any other NBA owner has a relationship with Sacramento that reverse could be in play)
pinksheets wrote:And which team will bring in more money? Seattle, unquestionably. Sac might be the 20th tv market based on tv households, but it ranks lower when you factor in economics like retail spending per capita, median income, unemployment, etc. etc. Not to even Seattle is going to get a huge TV deal that Sac couldn't dream of. The owners have to vote against economic interests in favor of some idea of fairness or sentimentality. Maybe they do, but I just haven't seen anything to suggest that's the direction they'll take. Maybe Sacramento, with its new ownership, stops being a revenue sharing beneficiary, but it's not going to be the wealthy luxury tax paying team that Hansen and Ballmer will look to field in Seattle. The NBA would unquestionably be losing money, at least in terms of what it could make, if they decide to forgo Seattle to keep a team in a market like Sacramento. Yeah they've got good attendance history, but that's not where the real money is, not anymore.
strohmin wrote:I wish there was a way to show my appreciation to Chris Hansen for what he is doing for Seattle. Whatever happens, the guy is doing everything possible and making every right move he can to make this happen. The guy is my hero.
BillHawks wrote:Sacramento missed A deadline, but still have another two weeks to submit a bid for the 7%. If it comes in significantly higher (like $20 million cash) then Hansen will lose.
It's risky though because whoever buys it will just be praying the team stays or they're going to own an extra 7% of a team that's in Seattle. All in all it's not that significant other than publicity.
Blitzer88 wrote:I am now thoroughly confused by this whole 7% deal thing.......
The Outfield wrote:Blitzer88 wrote:I am now thoroughly confused by this whole 7% deal thing.......
The whole 2 more weeks to work it out thing has left me confused.
CurryStopstheRuns wrote:The Outfield wrote:Blitzer88 wrote:I am now thoroughly confused by this whole 7% deal thing.......
The whole 2 more weeks to work it out thing has left me confused.
From the linked article it mentioned that it is a three week process just to get approved by the NBA to purchase that seven percent.
pinksheets wrote:It's also worth noting that all of the talk of Sac's group's offer is that it will be strong, fair, competitive, etc., the same talk before we found out Mastrov sent the NBA $3.25 and some Outback Steakhouse gift certificates. I think it's unlikely the Sac group is planning on matching the Seattle offer dollar for dollar, instead counting on sentimentality and an obscene public subsidy to make up the difference. It won't and NBA owners will never tell the Maloofs they have to sell for less. The team is simply not worth as much in Sacramento and it just doesn't pencil out.
When Sacramento talks, Seattle spends. KJ slings mud, Hansen makes it rain. Chris has got this.
Throwdown wrote:I think we should all pull our money together and get Sac an authentic Sonics jersey for next season, we'll have to make it a hold over from the Kings though. I'm sure most those chumps are gonna be traded.
I really hope Cousins is one of 'em that's gone.
SacHawk2.0 wrote:You shut your dirty whore mouth
Lords of Scythia wrote:Pinksheets - Even if the minority and/or local investors can muster the action to match the offer, Hanson can INCREASE his offer. Dude's a fricken billionaire. The Maloofs are pissing their inheritence away. They ain't turning down millions of dollars. If this mess turns into a bidding war, our boy wins. But it hasn't even got that far.
RealDeal wrote:What some people don't understand is that Chris Hansen would not go out and try to buy 7% especially for as much money as he is if he wasn't confident the team would be coming here. (Hmmm lets see I think I am going to over pay for 7% of a team I dont think will move to seattle) yea dont think so.
Sac has missed dead lines and showed un consistency in there own time lines. This is a done deal all that is going on right now from punk ass KJ is a puppet show its all politics.
Got me some new sonics gear and ready.
pinksheets wrote:Make sure to have a Josh Portis avatar so I can recognize you.
Blitzer88 wrote:Man........I really hope we and them over there aren't counting their chickens too early. Still time for a lot to happen in this whole process.
Throwdown wrote:Blitzer88 wrote:Man........I really hope we and them over there aren't counting their chickens too early. Still time for a lot to happen in this whole process.
Now you're just attention whoring, no news came out today lol