NBA returning to Seattle?

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Re: NBA returning to Seattle?
Thu Apr 04, 2013 10:52 am
  • Something huge that I think is being overlooked is the Maloofs making a statement during the presentation that they wanted the NBA to approve the sale to Hanson. The BOG is the team owners. Are they going to set the precedent that the league can refuse the possible future sale of their own team? The Sac group is this hostile third party - basically a corporate pirate - trying to hijack a sale between two willing parties. The BOG are all wealthy businessmen. Are they seriously going to deny the sparkly clean Hanson and bring a corporate pirate into their ownership midst? I think this thing about the delay is just BS. It's just to appease the clamor in Sac. Stern screwed up the Sonics sale, he doesn't want another debacle like that. We're getting this team, people (knock wood).
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 11:17 am
  • Lords of Scythia wrote:Something huge that I think is being overlooked is the Maloofs making a statement during the presentation that they wanted the NBA to approve the sale to Hanson. The BOG is the team owners. Are they going to set the precedent that the league can refuse the possible future sale of their own team? The Sac group is this hostile third party - basically a corporate pirate - trying to hijack a sale between two willing parties. The BOG are all wealthy businessmen. Are they seriously going to deny the sparkly clean Hanson and bring a corporate pirate into their ownership midst? I think this thing about the delay is just BS. It's just to appease the clamor in Sac. Stern screwed up the Sonics sale, he doesn't want another debacle like that. We're getting this team, people (knock wood).


    Well one word that has consistently been thrown out during this entire process is "unprecedented." Stern said it yesterday, that this was an unprecedented event. And as have many others have said it would be unprecedented for them to deny this sale, but it could also become unprecedented in another way in that they, the BOG, deny our sale and have the Maloofs sell to the Sac group.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 11:44 am
  • The NBA cannot force the Maloofs to sell to anyone, period!
    42-13, 29-3, and 23-17 and a Lombardi trophy from THIS millennium.....deal with it niner trolls

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Re: NBA returning to Seattle?
Thu Apr 04, 2013 11:45 am

Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:01 pm
  • Sports Hernia wrote:The NBA cannot force the Maloofs to sell to anyone, period!


    Supposedly the NBA forced Shinn to sell.

    Blitzer88 wrote:Well one word that has consistently been thrown out during this entire process is "unprecedented." Stern said it yesterday, that this was an unprecedented event. And as have many others have said it would be unprecedented for them to deny this sale, but it could also become unprecedented in another way in that they, the BOG, deny our sale and have the Maloofs sell to the Sac group.


    I am not sure how to categorize the denial of the sell of the Timberwolves to the New Orleans group awhile back. I see our local media counts that as the BOG turning down the sale, so maybe denying this sale would not be considered "unprecedented". Fuzzy on the entire details of why that was turned down. Will have to go research it.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:06 pm
  • Shinn wasn't forced to sell. He was looking to sell as he was dealing with cancer treatment and his negotiations with a local ownership group fell apart. Shinn had proposed the NBA buy him out and the owners begrudgingly went alone. It was seen as more of a bail out of Shinn than an ouster. I think the more notable aspect of Shinn's story is him leaving Charlotte. He wanted out of that city, the city offered up a giant public subsidy for an arena so long as there was a new owner, the NBA felt uncomfortable with the city telling an owner he has to sell, allowed Shinn to relocate, and just promised Charlotte expansion. Sacramento isn't trying to force the Maloofs to sell, just trying to get the NBA to force them to sell to their ownership group. I think the past has shown the NBA supporting ownership's discretion even when it hurts relationships with cities.

    And the Timberwolves sales/relocation was denied because the financials were screwy. The ownership group had mystery investors and a ton of money being borrowed to buy the team that exceeded what the NBA was comfortable with.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:27 pm

Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:28 pm

Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:35 pm
  • Funny how 40% of Oklahoma thinks Seattle shouldnt get the kings. I guess getting a team from another city is wrong.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:42 pm
  • Pstark3 wrote:Funny how 40% of Oklahoma thinks Seattle shouldnt get the kings. I guess getting a team from another city is wrong.


    How dare you say such a foul word in this thread!
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:47 pm
  • I don't get why Oklahoma wouldn't want us to get a team, you know how hostile those rivalry games would be? OR WHEN THE TEAM ACTUALLY GOT GOOD BECAUSE THEY HAD AMAZING AND STABLE OWNERSHIP?

    Oh man those WCF's in 2018 would be amazing and i'll fly to OKC and give Peaches a choke hold, lovingly of course.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:49 pm
  • ...you want to erotically asphyxiate Peaches?
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:51 pm
  • SacHawk2.0 wrote:...you want to erotically asphyxiate Peaches?


    What Peaches and I do in our private time is between us!
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 12:58 pm
  • Throwdown wrote:
    SacHawk2.0 wrote:...you want to erotically asphyxiate Peaches?


    What Peaches and I do in our private time is between us!


    Not when you advertise it.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 1:02 pm
  • pinksheets wrote:Shinn wasn't forced to sell ...

    ... And the Timberwolves sales/relocation was denied because the financials were screwy. The ownership group had mystery investors and a ton of money being borrowed to buy the team that exceeded what the NBA was comfortable with.


    Thanks for the info 'sheets. Used to be plugged into all the major sports 20 yrs ago but interest has waned over the years. That is why I tend to weasel-word everything. That and working with anal S/W engineers, they can be brutal.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 1:02 pm
  • SacHawk2.0 wrote:
    Throwdown wrote:
    SacHawk2.0 wrote:...you want to erotically asphyxiate Peaches?


    What Peaches and I do in our private time is between us!


    Not when you advertise it.


    You need a hug, bro? lol
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 1:03 pm
  • Throwdown wrote:
    SacHawk2.0 wrote:
    Throwdown wrote:[quote="SacHawk2.0"]...you want to erotically asphyxiate Peaches?


    What Peaches and I do in our private time is between us!


    Not when you advertise it.


    You need a hug, bro? lol[/quote]

    ...yes...
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 7:40 pm
  • What I have been reading lately, I know......dangerous, is that this will ultimately will come down when the respective arenas will or can be built and most seem to believe that Sac's arena will be built quicker even after today's developments. What other respective challenges does our arena have to go through up here aside from the environmental impact study? And why do most feel that ours will be completed later if we have started sooner?
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 7:58 pm
  • Blitzer88 wrote:What I have been reading lately, I know......dangerous, is that this will ultimately will come down when the respective arenas will or can be built and most seem to believe that Sac's arena will be built quicker even after today's developments. What other respective challenges does our arena have to go through up here aside from the environmental impact study? And why do most feel that ours will be completed later if we have started sooner?

    Most don't.

    I have no idea where you're getting your take on things from unless you're just reading Aaron Bruski, who is a total shill that also claimed that the original Sacramento offer was very close (it was reportedly $125m short) to the Seattle PSA. If both plans stayed on track, Sacramento was looking at being a few months behind Seattle WITH their expedited process. Now that's off the table, and we're talking about projects both open to litigation, though the Seattle arena deal has already stomped one lawsuit and is an actually thought out, vetted deal at this point. Seattle's EIS is underway, the Sacramento arena plan isn't even particularly close to getting that started.

    Keep in mind that the Sac city council basically voted on a "term sheet" that's essentially some loose ideas about how things would be paid for with the thought that they needed to show support and the nitty gritty would be gotten to later. All of those negotiations Chris did with the City Council, all of that fine tuning? Sac hasn't even started to think about that. They haven't got real numbers, they haven't got a real proposed financing plan, and they haven't gone through any public debate or city council review or vote on anything thorough, detailed, and more importantly, official. So after that, they can start on environmental reviews, which are again, open to litigation.

    Our EIS will be done in November. From there it's dotting i's and crossing t's, filling out official paperwork, etc. in regards to the transaction, then if/when a team is acquired we can build the thing.
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Re: NBA returning to Seattle?
Thu Apr 04, 2013 8:02 pm

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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    pinksheets
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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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    pinksheets
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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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    therealjohncarlson
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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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    Blitzer88
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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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