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Comments (35)
Reports: Sacramento investors match Hansen's offer; Maloofs set deadline
The Maloofs in Sacramento have reportedly set a hard deadline for investors trying to keep the Kings in California. Reports also say the group does have an offer that matches Chris Hansen's offer.
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  • seaboyd wrote...
    What's the point?
    Hansen's group has a firm contract to buy from the Maloofs! ...along with a non refundable depoist. The amount of the purchase is irrelevant. The Maloofs cannot stop the music and say we want more money, just like Hansen can't back out without losing the deposit. So Sacremento can raise the offer to $1B but the Maloofs can't take it without cause. The key issue here is that Hansen has a firm offer and acceptance and Sacremento doesn't. Based on that fact, the NBA is meeting to approve that Hansen/Maloof offer and acceptance only! If denied, then depending on why, a whole new bidding can start. Sacremento is legally not even in this until the Hansen/Maloof sale is voted on. Precedent: owners rarely go against other owners desires. SO if Maloof holds to their guns for Hansen...pretty good chance the whole bunch or talk in Sacremento is MOOT!
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  • mrbjorke wrote...
    Sacramento is keeping their team
    The League will announce this and an NBA Expansion plan with Seattle/Hansen getting that group because the Owners make more $$ this way.
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  • superdonic wrote...
    And the point is....
    I am in agreement with you. Everyone seems to be forgetting and glossing over the fact that there is this binding agreement already inked and signed between Hansen and the Maloofs. Regardless of what Sacramento does, unless the NBA votes against a sale, which I seriously doubt they want to be blocked in the future of selling their teams to whomever they want to. The deal is done. End of story.
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  • Derrol_o wrote...
    The Maloofs had a pre-existing agreement with Sacramento
    that any group with the intent of keeping the team in Sacramento would have the right to match any offer from a group like Hansen's who intend to relocate. So if the Sacramento group's offer is deemed equal to Hansen's offer (and evidently it has) then that group would have priority.
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  • deadenddude wrote...
    Done deal, eh?
    Let this be a lesson. Never, NEVER underestimate Sacramento!
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  • bigbertha wrote...
    and
    doesnt chris hansen hold a small piece of ownership of the team as well. out side of this maloof deal? sacramento isnt going to pull it off anyway. to put together what the maloofs are asking for to even consider a sale to KJ. thats a pretty tight window. 2 days to throw together a multi million dollar binding back up offer. if they do make it. their work is going to be sloppy and all out of order. like a pile of papers waiting to be shredded.
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  • deadenddude wrote...
    You were saying?
    HAHAHA!
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  • po_guy wrote...
    I say
    leave the team in Ca...who needs an NBA in Seattle???
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  • sfk360 wrote...
    po_guy
    "Who needs a team in Seattle". I don't know...basketball fans maybe..?
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  • cw1997 wrote...
    So
    Why were seats for the last Sonic version going unfilled, good or bad it got sold for a reason. Funny the same team that could not draw much of a crowd went off to Oklahoma and schazamm.....! A winner and a packed house....what changed? They got out of "well we tried" Seattle and of course everyone gets a trophy for trying. DAH
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  • Richardb787 wrote...
    cw1997
    Oh please.... Don't comment when you don't know the history, makes you sound like an imbicile
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  • Teahawk wrote...
    Bag of Hammers...
    If you don't know what you're talking about, it's better to just stop typing. Anyone with half a brain knows that Bennett tanked on purpose to discourage attendance.
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  • Derrol_o wrote...
    cw
    Get your facts straight. The team wasn't moved because of empty seats. And the fact that the team is good now doesn't have anything to do with them moving. They would have been just as good had they stayed. The core of the current team was in place before they left and they had already stockpiled the high draft picks needed to ascend to the top. Many people who don't know anything about the game and how a rebuild works thinks the same way you do, that they are good now because they are no longer in Seattle. I knew before they left that they were gonna be a title contender a few years down the road and Durant would be one of the top, marquee players in the league.
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  • Newton wrote...
    Kevin Johnson Good Job. Sacramento.
    Make the Joker from Gothem City go Bust!.
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  • Hawkman wrote...
    not enough...
    no matter the effort, the financials just don't add up for Sacramento. They can want all they want but they will not be able to pay the bills when all is said and done. The board will see this and see the best choice for the NBA is in Seattle.
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  • Frogsplash wrote...
    Sacramento still has ..
    Zero land purchased. The land they are proposing has about 24 different ownership groups they will need to purchase from. The city itself did a economic study a few years back to identify potential spots for a new arena. The downtown plaza area they have chose, back then had an estimated cost of at least $130 million more than what they are now saying it will cost. They just lost the owner, who in Johnson's own was was going to lead the charge in getting the arena built. Sacramento is 2 billion in debt due to a water project and pensions.
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  • SeahawkInKorea wrote...
    It's funny...
    how seattle seems to forget that before the sonics left, they showed very little support for the team that was already there. Granted, seattle has great fans and the reason they quit supporting the team was because they were spoiled by winning seasons from the George Karl era and nobody likes a loser. But do they deserve another shot? It can be said that sacremento went thru many tuff seasons also with mediocre teams but small market and all, they continued to support their mediocre teams. I guess I'm kinda torn between supporting OKC (formerly seattle) and the Kings, if and when they come to seattle. Nevertheless, it's still funny listening to all these so called experts talk about the pending sale and no one talks about how seattle lost the team they had.
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  • Hakuzen wrote...
    SeahawkInKorea supporting OKC?
    You sir, are a traitor. Please fall on your sword.
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  • sfk360 wrote...
    SeahawkinKorea
    Wow is all that I can say to you.
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  • Richardb787 wrote...
    Seahawk
    We didn't loose the team, it was "taken" from us. Please know the facts. Once the team was sold to OKC investors they purposely set out to decimate the team and run into the ground to induce the lack of support. They then placed unreasonable demands on the city and state to foot 90% of the cost of a new arena, not a remodeled Key, and when we refused,, went crying to the NBA that we don't support the team. NBA (Stern) never ever gave the support he is giving to Sacramento, because he is in love with Clay Bennett, and moving the team was always what his intention from the day he bought the team. He just is a very good sleazy salesman, and we fell for his line that he wouldn't move the team.
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  • Derrol_o wrote...
    Supporting OKC is pretty lame
    and the move had little or nothing to do with fan attendance leading up to the move. As a matter of fact Bennett intentionally did what he could to scuttle fan interest as much as he could while the team was here under his ownership. And Sonic fans over the long haul were never "spoiled". There's been a lot of fan support through the lean times and throughout their 41 year history there were far more bad times than good but when a team is perceived as having incompetent management and an owner who isn't interested in winning, it's hard to fork over your hard earned money and support them anyway. Fan support waxes and wanes with every team throughout the league and not just in basketball but in baseball and football too. The only reason why it happens less in football is because there are only 8 home games a season rather than 41 and 81.
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  • Newton wrote...
    Seattle lost the team because.
    Somics were wanting all kinds of stuff from the tax payers. When key aren was fixed up after much whining from the sonics org to the tune of 300 million. They still wanted more and said if you don't give us what we want, we will sell the team. The whole thing was a joke a finacial joke by the NBA wanting to much from the Tax payers. When the NBA wants to suck the tax payers dry then good leave and don't come back Jerks.
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  • Frogsplash wrote...
    Newton
    The Key Arena remodel cost the city 74.5 million, not 300 million, the Sonics owners paid 21 million. You are hopeless.
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  • sfk360 wrote...
    Newton
    How about the Seahawks how the Seahawks would have moved if they didn't get a new stadium. Forget about that one bud?
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  • Richardb787 wrote...
    sfk360
    The City and State leaders went to Paul Allen hat in hand, begging him to "save the Seahawks fron Ken Bering. Getting a new outdoor stadium was part of the package. Was not the Seahawks Idea
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  • Richardb787 wrote...
    Sacramento
    The original statement from the senator has since been retracted, the offer from the local Sac group is still low. Hence the deadline.
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  • Scoutem wrote...
    No Sonic's Fans???
    You all are a F joke. Obviously you weren't around in the 90's. When you could barely get a ticket. Not to mention how long the team was here. If there were no fans it would have moved sooner. Difference is they were winning then as well with George Karl, Glove, Rain Man etc..The traded all the popular players and put a sub par team on the floor in hopes of making fans "check out" while they slipped away. And all you idiots that think the players should pay for the arena or we should build more parking lots instead of Safe Co field let it happen. The $$$ a pro team brings to a city is unmatched you can see this for your self by driving downtown by Key arena.
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  • Jules of Orcas wrote...
    Kings Move to Seattle
    Who cares?? I, for one, can't wait for this to be over!! The NBA is nothing but a bunch of billionaires paying millionaires to play a game I won't be able to afford tickets to go watch!!! David Stern and his cronies should be charged with extortion for what they do to municipalities in strong arming them out of billions of dollars for arenas that only the landed gentry can afford to go to. I will have the biggest party of my life on the day that the NBA chokes to death on its own greed and avarice. Good riddance!!
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  • dj forrest gump wrote...
    Too Little Too Late
    I still question a minority owner from Golden State wanting to purchase Sacramento. At the end of the day Not having a team in Sacramento means for die hard basketball fans they would have to drive 2 hrs to Oakland to watch golden State. Northern California has been looking at 2 teams that are a little more than 100 miles apart. just think if there was 1 team in the region potentially more revenue. Here in Seattle people drive from Yakima, Bellingham, Pt. Angeles, Yakima, ect.. to see games, due to this those franchises get full impact of the market. When you have 2 NBA franchises so close, aside from the NY & LA metro area of 25-30 Million people, the small market looses. In this case Sacramento whether you stay or not you still loose.
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