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View Full Version : Arena deal for Sacramento falls apart



Cal827
04-13-2012, 06:47 PM
NEW YORK -- The Kings' future in Sacramento is uncertain again.

A tentative deal for a new arena is falling apart, leaving open the possibility the team's owners could again try to move from California's capital.

The Maloof family has balked at terms of the deal that was reached last month, and though they say they want to remain in Sacramento, mayor Kevin Johnson isn't so sure after meeting with them Friday and hearing their list of concerns he said hadn't previously been disclosed.

"It just feels like they were coming up with reasons of why not to do the deal," Johnson said.

Commissioner David Stern stressed the deal was "always nonbinding," and he supported the Maloofs' decision to say they were no longer comfortable with its terms.

"I think it's fair for the Maloofs to say they don't want to do that," Stern said during a news conference after two days of owners meetings. "If they had done it simpler, earlier or more directly, it could have saved a lot of angst and trouble."

The Kings nearly moved to Anaheim after last season before agreeing to stay this season while the city tried to put together a plan to replace Power Balance Pavilion.

The two sides reached a tentative deal last month to fund the estimated $391 million arena that would open for the 2015-16 season in the downtown Sacramento rail yards. The Sacramento City Council already passed its end of the deal, brokered by the league and tentatively agreed to by the Kings.

Kings owners Joe, Gavin and George Maloof had since taken issue with some of the terms -- particularly environmental and pre-development costs. Under the agreement, the Kings and arena operator AEG each agreed to pay about $3.25 million in pre-development costs with the city paying the remaining $6.5 million.

The Maloofs made a presentation to owners Thursday, which they shared at a separate news conference Friday. They were meeting later in the day with Johnson, leaving Stern "hopeful about its outcome but not optimistic."

During their news conference, the Maloofs said they liked Sacramento but insisted the arena project was too expensive. George Maloof said they had given the city a list of their concerns that needed to be addressed before they could commit to such a major deal.

Maloof even floated the idea of renovating Power Balance Pavilion. Stern said he didn't know if that was possible, but Johnson said he wouldn't support the plan.

The Kings are scheduled to play at Power Balance Pavilion next season. Stern wouldn't speculate where they would play beyond that, and said if they sought to relocate, approval would be left to the relocation committee headed by Oklahoma City owner Clay Bennett.


via: http://espn.go.com/nba/story/_/id/7810708/deal-new-sacramento-kings-arena-falls-through

This is unfortunate :(

justinnum1
04-13-2012, 06:49 PM
maloofs are D bags

shep33
04-13-2012, 06:49 PM
Yeah, looks like they're moving on from Sacramento

iam brett favre
04-13-2012, 06:51 PM
I thought it said Arenas for like 5 minutes.

The Bradley
04-13-2012, 07:02 PM
The Maloofs are scumbags who went back on their word. They need to sell the Kings

Hulk6
04-13-2012, 07:03 PM
i hope they become the sonics again

The goods
04-13-2012, 07:07 PM
The maloofs never wanted to stay there in the first place they've been trying to move for the past 3 years and probably before that. Those fans are great back in the early 2000's it was a loud place to play,the kings need to get competitive again.

justinnum1
04-13-2012, 07:12 PM
**** the maloofs

Vincent33
04-13-2012, 07:14 PM
http://www.youtube.com/watch?v=1ytCEuuW2_A

Nabeshin
04-13-2012, 07:22 PM
Where would they go ? as I cannot see Seattle a good destination. As we all remember the Sonics franchise.

xk4
04-13-2012, 07:30 PM
http://www.dan-dare.org/Dan%20Sonic/SonicTailsPlaneAni.gif

shep33
04-13-2012, 07:32 PM
It's stupid because they'll probably move to Anaheim. Warriors likely to go to San Fran, I doubt they go to Seattle.

utl768
04-13-2012, 07:58 PM
go to seattle

no need to have 3 teams in southern california

**** anaheim

Lakers + Giants
04-13-2012, 08:02 PM
Bye Sacramento Hello Seattle! Hell Yea! :dance:

Lake_Show2416
04-13-2012, 08:12 PM
Maloof's r ***holes & a fan base has to suffer for this

FraziersKnicks
04-13-2012, 08:17 PM
Please go to Seattle, change the name to the Supersonics and go with the old green, yellow and white jerseys

MJ-BULLS
04-13-2012, 08:23 PM
those king owners are lames.

Teeboy1487
04-13-2012, 08:32 PM
http://www.youtube.com/watch?v=1ytCEuuW2_A

:laugh:

JLynn943
04-13-2012, 09:00 PM
I despise the Maloofs. If they aren't willing/able to spend money on this team, they need to be forced to sell.

Lakers + Giants
04-13-2012, 09:02 PM
Maloof's r ***holes & a fan base has to suffer for this

Exactly

tmacmamba
04-13-2012, 09:33 PM
If they have to leave sac-town then move them to Seattle, having three teams here in L.A. would not work.

cdnsportsfan
04-13-2012, 10:15 PM
San Jose or Anaheim, especially with all the talk recently. They should go to Seattle, or Kansas City even, but the team will stay in California. My guess is San Jose.

LA_Raiders
04-13-2012, 10:21 PM
I hope Fans dont show up to the arena anymore.... F Them...

SportsAndrew25
04-14-2012, 12:22 AM
This is just tragic. :(

TeamSeattle
04-14-2012, 12:47 AM
Please go to Seattle, change the name to the Supersonics and go with the old green, yellow and white jerseys

Being as Seattle is my hometown, it would be great if they moved here as we still have a top15 market for the nba. We already have people ready to build an arena if we can somehow get a hockey team to move as well. Get it done!

tmacsc2
04-14-2012, 12:58 AM
Where would they go ? as I cannot see Seattle a good destination. As we all remember the Sonics franchise.

what that they were wanna the greatest fan bases in the NBA?! :shrug:

Cal827
04-14-2012, 01:04 AM
Anyways... I feel bad for the hardcore fans of the team. It's unfortunate that their loyal fanbase is going through this crap cause of that d-bag Maloof... Hopefully, things do work out.

Jenceman
04-14-2012, 01:09 AM
Damn that's ********. I don't like the Kings since I'm a Laker fan but I would be pissed if that team left Sacramento. I want the Kings to become good and see some Cousins-Bynum battles in the playoffs!

**** the Maloofs.

THINKBLUE15
04-14-2012, 01:47 AM
Keep the Kings where they are
Move the Clippers to Anaheim
Move the Hornets to Seattle

YouCan'tBeatLA
04-14-2012, 02:41 AM
If any team should move, it should be the Clippers. 2 teams should not share the same venue, **** that.

IversonIsKrazy
04-14-2012, 02:47 AM
Please come to VanCity...

abe_froman
04-14-2012, 03:06 AM
i know they wont but the league should just take the team away from them

DerekRE_3
04-14-2012, 03:08 AM
i know they wont but the league should just take the team away from them

I'm all for the Kings getting contracted if the Maloofs don't sell them. It's a joke.

ccg34
04-14-2012, 08:12 AM
No need for contraction. Bring them to Seattle. As a die hard Sonics fan, it has been tough to watch the NBA without my team. It has been even harder to watch OKC have so much success. I miss the Supersonics.

I didn't have a favorite team again until this year. Ever since Linsanity took place the Knicks have been my team. My love for Knicks is nothing compared to my love for the Supersonics.

BKLYNpigeon
04-14-2012, 08:52 AM
The Kings are going to stay in California. unless the Maloofs sell the team. they are going to San Jose or Anaheim.

teams dont make money by selling tickets or jerseys anymore. They make a bulk of their money from TV rights. Anaheim/LA is a HUGE marke. The LA Lakers TV deal in Los Angeles pays them 10x more the what the Blazers get paid for in Portland.

IndyRealist
04-14-2012, 09:32 AM
Maloofs never wanted to stay in Sacramento. Mayor Kevin Johnson made it "little guy vs. the Big-Bad-Billionaires" in the media and they had to capitulate in order to be the good guys. What they're hoping is that now during the playoff run that fans and media will be too distracted to notice them skipping town.

IndyRealist
04-14-2012, 09:34 AM
i know they wont but the league should just take the team away from them

I think it takes a vote from all 28 other owners (I assume the Hornets would abstain).

BKLYNpigeon
04-14-2012, 09:44 AM
I think it takes a vote from all 28 other owners (I assume the Hornets would abstain).

not going to happen. The Kings are not a team that is losing money or a detriment to the league. its a business you should be allowed to do what it takes to make your business profitable. its sucks for Sacramento, but this is what happens.

The Hornets were in a completely different situation.

MrfadeawayJB
04-14-2012, 10:43 AM
Very sad but much kudos to Kevin Johnson for working his butt off. I think they may move to either vegas or as someone else stated Anaheim

xk4
04-14-2012, 08:11 PM
Las Vegas Kings has a certain ring to it

I'm on board

mgsports
04-15-2012, 06:16 PM
St. Louis or Tampa Bay Kings. San Fran doesn't a Arena in Place but San Diego does and no Pro Team using it.
Okay no WNBA/NHL/Arena Football Team can share Arena with an NBA team.

NoahH
04-15-2012, 08:40 PM
Heeeeellllloooo Seattle!

Cal827
04-15-2012, 09:45 PM
I forgot to add, this article was posted today:


Six weeks after the Sacramento Kings's owners and California's capital city reached a tentative financing plan for a new arena, city leaders and the Maloof family are publicly declaring their mistrust of each other, leaving the team's future in doubt.

The Maloof family is still insisting that it has no interest in leaving Sacramento, despite balking Friday at the terms of the funding framework. But they now say they no longer trust Sacramento Mayor Kevin Johnson and don't want to work with him.

"You can't do a deal with somebody you don't trust," George Maloof said Saturday, according to The Sacramento Bee. "I don't trust him."

Meanwhile, elected officials representing Sacramento have blasted the Maloofs, claiming they've turned their backs on the city late in the game. And the executive director of Think Big, the committee formed by Johnson to retain the Kings, compared dealing with the Maloofs to dealing with one of the world's most inscrutable and widely criticized governments.

"As their bizarre press conference (on Friday in New York) laid bare for all to see, dealing with the Maloofs is like dealing with the North Koreans -- except they are less competent," Chris Lehane said in a statement released to USA Today. "In Maloof-world, facts are fiction; truths are half-truths; and promises are broken promises. The City of Sacramento deserves better."

A year ago, on the brink of seeking permission to move to Anaheim, Calif., the Maloofs gave Sacramento one last shot at financing the new arena they have long maintained they need.

But the Maloofs are questioning whether the financing deal reached six weeks ago was ever binding, citing letters they sent the city and the NBA outlining their concerns about the details.

George Maloof told The Sacramento Bee that the team wanted to negotiate several aspects of the deal Friday at a meeting in New York, but Johnson "shut that off." He said Johnson had set the stage for the family to take the blame for the franchise walking away from Sacramento.

On Friday, Johnson, a former NBA star, declared the tentative deal for financing a new arena had fallen apart, leaving open the possibility the team's owners could again seek permission to move. He said the concerns raised by the team at Friday's meeting had not previously come up.

"It just feels like they were coming up with reasons of why not to do the deal," Johnson said.

But the Maloofs, according to letters obtained by USA Today, on three occasions wrote Sacramento officials, including city attorney Eileen M. Teichert and assistant city manager John Dangberg, to raise their concerns about unresolved issues in the financing plan.

George Maloof told USA Today that NBA commissioner David Stern's office also informed Johnson of those concerns. Stern, at a news conference on Friday, confirmed he had passed along those concerns to the city.

"We were working with the league. The league was working with the city throughout the whole year," Maloof said, according to USA Today. "It was our understanding that everything was getting to the city. ... That was told to us by the league."

But California state Assemblyman Roger Dickinson and state Senate President Pro Tem Darrell Steinberg, both Democrats representing Sacramento in the legislature, placed the blame on the Maloofs.

"Sacramento deserves partners who will live by their word," Steinberg said, according to The Sacramento Bee. "I hope the NBA and its owners do not allow this kind of bad behavior to occur without consequences."

"Once again, the Maloofs have turned their back on a deal and shown their contempt for Sacramento," Dickinson added, according to the report.

All this leaves the Kings' supporters, long esteemed among the most vocal and passionate fans in the NBA, in the same place they were a year ago: facing the possibility their team will be leaving soon.

Kings fan Jack Spiegelman told The Sacramento Bee he called the team on Friday to cancel his season tickets, but didn't get a call back. He's mulling over whether to carry through on his plans on Monday.

"I cannot trust George Maloof," Spiegelman said, according to the report, adding that the family should sell the team.

While the Kings are slated to play next season in Sacramento, officials in Anaheim, which attempted to lure the Kings to the city-owned Honda Center last year, have made it clear they're still interested.

Anaheim Ducks owner Henry Samueli recently embarked on a $20 million improvement project to add several amenities to the arena by early 2013, and last year agreed to loan the Maloofs $50 million for relocation expenses.

If the Kings attempt to move to Orange County, the Los Angeles Lakers and Los Angeles Clippers likely would voice objections to a third team invading their geographic territory, as the Honda Center is 35 miles from Staples Center.

But Anaheim mayor Tom Tait, who issued a statement late Friday confirming the city's interest, also said Orange County, with a population of 3 million, and the Inland Empire region are distinct from Los Angeles and have the fan base to support a team.

The financing agreement for a new arena in Sacramento, estimated at $391 million, was announced in February at the NBA's All-Star Weekend in Orlando. The Sacramento City Council approved its end of the deal, worth up to $255 million, in March.

Stern said Friday that the team's conditions in the deal included a $73 million contribution -- with nearly $67 million of that coming from the league, in the form of a loan -- and an agreement to serve as tenants, The Sacramento Bee reported. Stern also said the NBA would have contributed $7 million directly to the plan.

Johnson has said Sacramento would be interested in keeping the Kings under another owner, but the Maloofs have repeatedly said they aren't interested in selling, even as they have faced financial difficulties that left the family with only 2 percent of their ownership of the Palms Casino in Las Vegas.

Stern wouldn't speculate where the Kings would play beyond the 2012-13 season, and said if they sought to relocate, approval would be left to the relocation committee headed by Oklahoma City Thunder owner Clay Bennett.

The Kings date back to the NBA's early history and are one of the league's oldest and most-traveled franchises. As the Rochester (N.Y.) Royals, they won their only NBA title in 1951. They moved to Cincinnati in 1957 and to Kansas City and Omaha in 1972, becoming the Kings. They have played in Sacramento since 1985.

via http://espn.go.com/nba/story/_/id/7815712/as-deal-falls-apart-sacramento-kings-owners-elected-leaders-lose-trust

:pity:

BlahaTRUTH
04-15-2012, 11:20 PM
Good, move this team to Seattle.

tyfreaks brotha
04-16-2012, 02:51 AM
Anyways... I feel bad for the hardcore fans of the team. It's unfortunate that their loyal fanbase is going through this crap cause of that d-bag Maloof... Hopefully, things do work out. Thanks man. The maloofs are ****ing morons I can't wait to go to Kings/Lakers just so I can boo the **** outta the magoofs. I don't know if I'll follow Basketball any more after this season.

CoffeeJanitor
04-16-2012, 04:54 AM
Maloofs are some of the worst owners I've seen in sports. WTF is their deal?

NoahH
04-16-2012, 11:43 AM
Seattle Supersonics??? Yeahhh buddy!

Boozerguy47
04-16-2012, 02:36 PM
Sonics indeed. I'd be far more excited to get the Kings than Hornets.

Must be rough if you're a fan of the Kings though.