Tag:Joe Maloof
Posted on: January 11, 2011 12:16 am
 

Maloofs signal they're open to relocation

Kings owners announce they will pursue every option for long-term viability of the franchise, signaling end to pledge to keep team in Sacramento.
Posted by Matt Moore

It was inevitable that it would come to this. Eventually the owners of the Sacaramento Kings, Joe, and Gavin Maloof would have to be realistic about their situation in Sacramento with the Kings. Not only due to the long, drawn out failures by the city to finance a new arena, but of the economy wreaking havoc on everyone, making a financial liability like the Kings no longer an acceptable cost. First comes word from the Orange County Register that the Maloofs may be having financial difficulties with their Las Vegas investments, including an issue with a sizable loan. From the OC Register

The relocation rumors revved up again Friday when Bloomberg News Service reported that two private investment firms are negotiating to acquire a controlling interest in the Palms Casino Resort in Las Vegas, also owned by the Maloofs, after the family violated its loan covenants.

If the Maloofs are having significant financial problems — the Sacramento Bee reports that in 2009 the family sold its original beer distributorship in New Mexico for more than $100 million and that there also were staff layoffs in the Kings organization and at The Palms — then perhaps there is a greater sense of urgency to move the franchise to a market with better demographics, more potential corporate sponsors and an NBA-ready arena.
via Are NBA's Kings Anaheim-bound? | nba, kings, arena - Home - The Orange County Register.

On the heels of that came a release Monday from the Kings ownership group saying: "We are looking at all options to ensure the long-term viability of this franchise".

Ruh-roh. 

The Kings are 29th in the league in attendance, but have proven throughout the years that a winning team will get them in the building and loud. Unlike the Hornets, who struggle with attendance even when their team is in the midst of a playoff race, Sacramento has shown they can be profitable when the team isn't dreadful. However, the city has also voted down multiple measures to support a new arena, and in today's NBA, that can be a death sentence. 

With Las Vegas well within the eye of the current ownership group, and billionaires in both San Jose and Anaheim (including Larry Ellison who has been in pursuit of a team multiple times in the past three years), there are other options for the Maloofs. In this kind of climate, you have to consider the odds of the team staying in Sacramento to be aggressively slipping away. 
Posted on: December 24, 2010 4:17 pm
Edited on: December 24, 2010 5:08 pm
 

What went wrong with Westphal's Kings?

What's it going to take to move in another direction for the Kings?
Posted by Matt Moore

Ken Berger of CBSSports.com reports that both Geoff Petrie and Paul Wesphal are under significant fire in Sacramento, despite Joe Maloof denying the report, sticking by both his general manager and head coach for what he says is the remainder of the season.

The question is why wouldn't you ditch Westphal at this point?

It's not that the Kings have taken a step back, or failed to take a step forward. It's that they've plunged backwards so far they can't even see the dismal finish they suffered through last year. They've simply failed in every phrase of the game, and in addition they're having significant issues with personnel.

Tyreke Evans has regressed. Whether that's related to injury, personal issues, a move to shooting guard, or just a sophomore slump, it's significant and it's holding back the franchise. That the rest of the team seems to not trust or follow Evans is as much of a problem. But DeMarcus Cousins? That's a whole other matter.

Cousins has clashed with the coaching staff so often he's been fined for it. He's shopping for a suspension, and because of his attitude, there seems to be a general dissent regarding Cousins by the rest of the locker room. They find him obnoxious and far too immature. Which he is. But at some point, the coaching staff is going to have to reign him in and find a way to help him grow into a professional. That's part of their job. And as of now, Westphal and his staff have been nothing but Principal Skinners to Cousin's Bart Simpson. It's not working on any level.

So to recap, the team's not playing well. The rookie of the year has regressed significantly and the next great rookie is one stop short of spray-painting the locker room and toilet-papering Westphal's house. The question is not whether Westphal has failed. The question is what it's going to take to move in another direction for the Maloof's. Meanwhile, a bad situation gets worse.
 
 
 
 
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