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Report: NBA recommends Kings stay in Sacramento

Posted on: April 28, 2011 4:33 pm
Edited on: April 28, 2011 5:05 pm
 
NBA officials have reportedly recommended to the Maloof family that the Sacramento Kings should not relocate to Anaheim. Posted by Ben Golliver.

Earlier this week, we noted that Sacramento-area businesses met with Mayor Kevin Johnson and NBA officials to pledge millions of dollars to help keep the Kings in Northern California. The team's owners, the Maloofs, are considering relocating the team to Anaheim.

The Sacramento Bee reports on Thursday that NBA officials met with the Maloofs on Wednesday and recommended that the team remain in Sacramento.
The source said the Maloof family, which owns the team, held talks Wednesday with several top NBA officials, including members of the league's relocation committee. 
The Kings owners expressed appreciation for local businesses that have pledged $10 million in sponsorship support for next year, but also shared concerns about whether their finances can withstand several years of waiting for a new arena to be built, and whether Sacramento will be able to come up with an arena plan that is financially feasible, given past failures. NBA officials, in turn, told the Maloofs to stay in Sacramento.
The source said it appears unlikely at this point that team owners will come to a conclusion before Monday, the day set by NBA officials as the deadline for the team to request permission to relocate to Anaheim for next season.
The NBA league office is usually hands off when it comes the decisions of its individual franchises and this situation is extraordinary is multiple ways. The NBA has raised capital on behalf of its team without the team owners present. The NBA has established a strong relationship with a prominent local politician, a relationship that apparently doesn't exist between the owners and the politician. The NBA and that politician are now aligned against the owners' desire to relocate the franchise. SI.com also reports this week that the politician has met with a billionaire sports team owner who has interested in purchasing the Kings with no intention of relocating them.

In other words, the pressure in mounting rapidly on the Maloofs. If they decide to continue with their relocation effort, they'll now be doing so against the league's recommendation, a critical factor that will certainly be a matter of discussion when the NBA's relocation committee convenes to discuss the matter. Moving into a market with two other NBA teams was already a tricky proposition, but it made a certain amount of sense financially. It will be difficult for the Maloofs to argue their dollars-and-cents case if the NBA has stepped in and made significant capital-raising progress in such a short amount of time. 

The Maloofs now look like poor businessmen who didn't realize the opportunities available to them rather than solid businessmen who were stuck in a market that couldn't support an NBA team. The truth is probably somewhere in the middle but the clock is ticking and the Maloofs are losing leverage by the minute. 
Comments

Since: Jul 29, 2009
Posted on: April 29, 2011 11:35 pm
 

Report: NBA recommends Kings stay in Sacramento

Even the great Mo Green was aware his days were numbered in the city he built. It's time for the 2 stooges(Maloof bros) to sell the Kings to someone that actually cares about the good of the franchise. These clown brothers are more interested in Brittany,Lady GaGa, and assorted porn stars that inhabit the Palms grounds than some insignificant NBA team in the capital city of California. The myth is that the Maloof brothers are sharp dudes is just that;a myth.These 2 jokers couldn't find their way to a decent career if not for their pops, who by the way, was a great guy who made his fortune with hard work.



Since: Apr 15, 2008
Posted on: April 29, 2011 9:04 pm
 

Report: NBA recommends Kings stay in Sacramento

Sacramento ,  California - population is around 500,000.....12,000 people per game show up to support YOUR TEAM...your city doesn't deserve a pro sports franchise, go apply for a D League Franchise. I'm sure it's a great place, but people don't care about the NBA there......I'll use something Jay-Z said one time...

Men Lie, Women Lie...NUMBER's Don't.



Since: Oct 14, 2010
Posted on: April 29, 2011 1:29 pm
 

Report: NBA recommends Kings stay in Sacramento

Having owners who live in Las Vegas, want to be gambling czars, and be NBA king pins has run its course.  Time to have brighter and more stable owners.  Time to thank Joe and Gavin and the brothers for all they've done and let them move on.



Since: Mar 1, 2011
Posted on: April 29, 2011 10:01 am
 

Report: NBA recommends Kings stay in Sacramento

The people of Sacramento care! We are a one pro team city and the kings are OUR team.



Since: Apr 15, 2008
Posted on: April 29, 2011 12:38 am
 

Report: NBA recommends Kings stay in Sacramento

Getting sick & tired of hearing about this everyday, there staying, there not staying..blah blah, with all due respect to the city, the NBA..and the players, who really cares?



Since: Jul 29, 2009
Posted on: April 28, 2011 11:24 pm
 

Report: NBA recommends Kings stay in Sacramento

Mr. CaliCubsFan; you are dead on on your assessment of the Maloof brothers. These jokers were handed the keys to the kingdom when their father unfortunately passed away before his time. I know the family from elementary school and can tell you these clowns are intellectual buffoons and will always expect someone else to take a gamble on their grandiose plans. They wanted a Las Vegas NBA team and were embarrassed by the antics in Sin City when All-Star weekend was held there. Stern realized that and still harbors animosity for having his gala event turned into a gang war. Whether you like the dude or not: Mark Cuban is a brilliant individual and has some fresh thoughts. On the other hand, these 2 brothers had absolutely no hand in the family fortune and with their greedy ways, they're close to losing the Palms in Vegas. Good news though; their sister is one of the "Housewife's of Beverley Hills".



Since: Apr 7, 2008
Posted on: April 28, 2011 7:15 pm
 

Report: NBA recommends Kings stay in Sacramento

Correction: The City of Sacramento and its Mayor and Chamber of Commerce raised capital on behalf of its team, the NBA didn't have anything to do with Sacramento businesses pledging the 10 million in sponsorships, tickets, luxury suites, etc.

The Maloofs are a joke. They are HORRIBLE businessmen that got lucky with overseeing a great team in the early years of their ownership. The fact is they have done everything in their power to make a move possible: Stopped spending money on the team. Stopped investing in the community. They never showed up to Arco Arena after the team went south. Then when the City put a ballot measure for voters to build an Arena, the Maloofs sunk the idea because they wouldn't get 100% of parking revenue. F the Maloofs. Go back to New Mexico where your sorry excuse for business actually flies. They are losers and when they lose the precious Palms Casino to creditors they will have nothing but memories of when they bilked America into thinking they were something special.

Sacramento deserves better.



Since: Aug 4, 2008
Posted on: April 28, 2011 6:05 pm
 

Report: NBA recommends Kings stay in Sacramento

I agree that the team should remain in Sacramento. Southern California can not support another team. It is supporting one now very well with another getting by.

I think Sacramento is using this move to Anaheim to black mail Sacramento into building a new arena.

This move could be extremely expensive to the Sacramento owners as both the Lakers and Clippers would want fees from them for moving into their territory. As I understand this fee would not be cheap by any means.

The other possibility is they would like to move south of Sacramento to San Jose. There is apparently something in the current contract about not being able to move to San Jose from Sacrament.

A move to Anaheim would negate this portion of the contract.

“ONE MAN’S OPINION”



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