We Have Time: Maloofs Pledge to Not File for Relocation in March
There has been concern about a supposed timeline for arena progress. Last February, when the NBA's John Moag -- who represents the basketball interests in these proceedings -- unveiled the plan for Cal Expo, the Maloofs tossed out a quote that they needed to see real progress within a year. The one-year mark happened to line up with the NBA's deadline for 2010-11 relocation.
But Gavin Maloof told the Sacramento Bee Wednesday that the team will not file for relocation this spring, and will be in Sacramento for the 2010-11 season.
The specific quote Maloof gave is pretty heartening.
Responding to rising fears, team co-owner Gavin Maloof said the team won't file for relocation by the NBA's deadline of March 2010.
"No, no, no. There's no way," Maloof told The Bee Wednesday, waving his arms emphatically. "We love the market. We love our fans. This is the only place we want to be."
Having intently followed the Seattle disaster, in which Clay Bennett talked out of both sides of his mouth, I'll stay tuned. But it's great to see the Maloofs refusing to, at this point, hold the city hostage. Mayor Kevin Johnson is trying to make it seem like the team has one foot out the door, and Gavin's statement surely doesn't do KJ any favors. But it's great for us, the fans, to see that kind of patient dedication.
I encourage a full read of the Bee story. There's still going to be anxiety ahead, but Gavin sounds like a guy dedicated to Sacramento fully. I rarely get excited reading quotes made by a billionaire I barely know. (As opposed to the billionaires I know well.) But this'll do it.
(Between this and the "whew" result of Tyreke Evans's MRI, can I just say that things are coming up Milhouse Kings Fan?)
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Sweet!
Honestly it seems that maybe the figured out that its just not worth it to move. The economy sucks all over the country, including potential team destinations. But the Malooves know that if they put together a winner the fans will come and they’ll make their money and eventually get their arena
www.mancancook.net
by vfettke on Oct 1, 2009 6:57 AM PDT reply actions 0 recs
Yup.
The Kings moving to another city only really makes (any kind of) sense for the Maloofs if they wanted to sell the franchise. I don’t know why they couldn’ t make such unequivocal assurances earlier, but…whatever.
"El once, chico. Eleven."
by Juan Primo on Oct 1, 2009 8:02 AM PDT up reply actions 0 recs
Who Ya Gonna Believe?
Because that’s what it all boils down to.
I’m willing to take Gavin at his word – for now.
However, the plain fact of the matter is that there are newer, nicer, and available buildings in San Jose, in Anaheim, and (gulp) in Kansas City that would be more than happy to roll out the red carpet for Clan Maloof and their NBA franchise.
by SierraSpartan on Oct 1, 2009 8:20 AM PDT reply actions 0 recs
Re: San Jose and Anaheim
Would the market share fees that the KIngs would almost certainly have to pay to the Warriors or L*kers/Clippers make a move to those markets more diffiucult, if not impossible? I would imagine that they would have to pay the Dubs hundreds of millions, and you would double that down south. Additionally, are there really L*ker fans living in the Anaheim area that would switch their allegiance just because they now have a team that is 30 miles closer to them? Are there enough basketball fans in the San Jose area that would turn their backs on the Dubs?
SACTOWN ROYALTY - Try our thick creamy shakes!
by section214 on Oct 1, 2009 8:28 AM PDT up reply actions 0 recs
I think Warrior fans would gladly change teams
www.mancancook.net
by vfettke on Oct 1, 2009 9:15 AM PDT up reply actions 0 recs
There is the small issue of a relocation fee
I think the former Seattle team had to pay 50 million or so.
If they’re hurting bad enough to be flying Southwest, it might be tough for them to come up with the cash to move. And the 50 mil would likely only work for Kansas City.
The other locations would require additional fees to be paid to infringe upon existing team’s territories.
Pay 50 million to relocate to the city that couldn’t support the team before and allowed them to move to Sac? Seems rather foolish to me.
Ball movement ... is like jogging for most people: They do it occasionally, and it makes them happy. Then they go back to not doing it. - Henry Abbott
by Kfan in Korea on Oct 1, 2009 8:28 AM PDT up reply actions 0 recs
I doubt he's lying
There’s so many issues at stake. The Malooves are hurting cash-wise right now. Obviously, they’re not poor, but they need to save as much as possible. As mentioned by Section and KFan, they’d have to pay tons of money for both relocation and market share fees. Moving locations won’t net them much more money then staying in Sace. Certainly not enough to justify spending that kind of money to do the move. Like I said above, I think they are slowly starting to realize that if they let Petrie do his job and build a winner the fans will come. The economy sucks and people in Sac aren’t going to spend what little they have to see a crappy team. But if they start winning and becoming exciting again the fans will come back. And along with that will come more support for the arena. I think they are finally learning this.
www.mancancook.net
by vfettke on Oct 1, 2009 9:24 AM PDT up reply actions 0 recs
Not to mention paying SAC the $70 mil they owe
I think thats been intentional – something smart the City is holding over thier heads.
So imitate the action of the tiger!.
Lend the eye a terrible aspect
- and teach them how to war!
Henry V iii
by lietothegirls on Oct 1, 2009 12:11 PM PDT up reply actions 0 recs
Its encouraging
but as the Mayor says, we’d better get something going in the right direction soon.
So imitate the action of the tiger!.
Lend the eye a terrible aspect
- and teach them how to war!
Henry V iii
by lietothegirls on Oct 1, 2009 8:38 AM PDT reply actions 0 recs
Happy to hear it
I’ve been worried about this for five years. I’m glad to hear that they’re committed to at least one more year.
by Carl on Oct 1, 2009 8:48 AM PDT reply actions 0 recs
More time = more options
Good news. I’m going to believe Gavin at this point. I don’t think the family want to leave and if nothing else, after cranking up the marketing effort, cutting prices and everything else I think the brothers have learned that a crummy team isn’t going to fill arenas anywhere
"We are in the business of kicking butt and business is very, very good." - Charles Barkley
by Bluejohn on Oct 1, 2009 8:57 AM PDT reply actions 0 recs
You think this has anything to do with
the fact that they’ve only sold about 5,000 season tickets so far?
That’s a basketball arena 2/3 empty, my friends. Save the Arena, save the season.
If yr not happy with the results, lower yr expectations.
by tokyo on Oct 1, 2009 10:26 AM PDT reply actions 0 recs
Best news I've heard...
…since I heard they were moving to Sac!
by TheJust on Oct 1, 2009 12:04 PM PDT reply actions 0 recs
Regarding Seattle
When I was living up there, I went through watching a great sports city lose one its cherished franchises. This situation is completely different in that I do believe the Maloof’s are genuine when they say they don’t want to move. Clay Bennett was lying from the beginning, and it was obvious.
I heard Mr. Bennett on their local sports station and you could tell that he had no intention on keeping the team local once he bought it. The Maloofs don’t seem to be playing the same game. They are running a business and are trying to make a profit, but the last thing they need is the expense of moving their franchise. I’m not saying its impossible, but I do believe that when all is said and done, if they Kings move, it will be after the City and Maloof Sports & Entertainment have exhausted their options.
"I grok it!" Michael Valentine Smith
by SeattleRoyalty on Oct 1, 2009 2:35 PM PDT reply actions 0 recs
SR brings up a great point about Bennett. Even if you didn’t live in Seattle (like he did) when Bennett bought the team, you didn’t have to be living there to know he was insincere. I knew the moment that Schultz sold the Sonics to Bennett that unless a new arena was built under Bennett’s WISHES, the Sonics were gone. As SR knows, Bennett wanted to put the new arena in Renton which is in the SE part of King County. It would be a lot like deciding to put a new arena in Elk Grove for instance.
The only thing that could have saved the Sonics by that point was the Hornets moving to OKC full time. (Which they should have done, but I digress.)
There a lot of villians here. Frank Chopp, who is my state rep sadly, has repeatedly killed legislation, even in the aftermath with Clay Bennett’s money at stake, that would rebuild Key Arena or a new arena somewhere else.
Here’s the difference between the Maloof’s and Bennett. Bennett paid a premium price for the Sonics so he could move them to OKC. The Maloof’s didn’t pay an extreme price for the Kings even at that time. They took a lot of Jim Thomas’ debt (70 million loan) on, and a few other issue’s. It was almost interesting to see John Moag chafe in print given that he had set up the Maloof’s to walk away (in his mind) for more money somewhere else (in his mind).
As 214 has pointed out, and I don’t give a shit what other people think here to be honest, Anaheim and San Jose are very faulty idea’s. If you think the territorial rights for San Jose to the Warriors is going to be high, what do you think it will be to cut into both the Clippers AND Lakers rights? Do you think the Lakers wouldn’t charge AT LEAST a 100 million dollars to move there? Get real. You’re fooling yourself and you’re more full of shit than Governator if you believe as such.
Kansas City is a far different issue, as is Vegas. KC has the arena, but the predominant sports there are as follows: KU basketball, and Chiefs football are always tops in priority there. The Maloof’s know that. (They’re not stupid people. Business people yes, and wealthy yes, and while I do not feel sorry for them one bit on any score, I do believe that THEY HAVE LOOKED around.) They don’t want to be the 4th most important team behind a chronically awful Royals team, a team like Kansas U basketball that is perenially a national power (not to mention the comparisons all the time), and a Chiefs team that will cut directly into profits for at least the first 2 months of the season. Oh, and the playoffs are right in the beginning 3 months of baseball, too.
How is Kansas City more attractive than Sacramento?
Vegas is another issue, but it’s far more complex. Vegas doesn’t have an arena built (unlike KC), and while I think it’s attractive to the Maloof’s for a ton of reason’s, the reality is that in the current economic climate Vegas has been hit hard. The Maloof’s, after all, are keenly aware of this. I’m beginning to wonder if privately they recognize that Vegas was trendy for a decade but long term it’s not sustainable for a sports team to stay there. There are, for the locals, too many other things to do there already. It would be tough to sustain something of that nature long term.
I think the biggest threat, ironically, is Seattle. There’s a lot of money up here (including old WAMU money). There is wealthy people (and not just a Steve Ballmer) who might buy the team if the circumstances are right. The Maloof’s may sell if they believe that they can’t get a new arena despite not threatening to move the team. I don’t think this will happen in the next 2 years, but 3 years might do it. You can laugh about the idea of Seattle, but it would not be unreasonable to completely renovate Key Arena while the “New Sonics” would play somewhere else (probably a mixture of Tacoma Dome and Hec Edmundson—Where UW plays basketball—-would be my guess).
In short, I think the Maloof’s will sell the Kings and the new owners will move the Kings somewhere. And, with the Nets moving to Brooklyn (almost certainly now), the Hornets may or may not stay in New Orleans for a lot longer if George Shinn continues to be a knucklehead about things there, the Kings may be the most ripe target. I may remind that the Maloof’s own Arco, not the city. I also remind that the Maloof’s have a lot of debt on the team (whatever they took in actual losses last season—it can’t be that much—the 70 million dollar loan, plus any carry-over debt that may have come from the Lukenbill and/or Thomas era as well. This doesn’t even include the loan the Maloof’s took out last season before the cost cutting/cash saving moves took place.)
(Sorry for the broken promise TZ, 214 & G.)
No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....
by pookeyguru on Oct 1, 2009 4:00 PM PDT up reply actions 1 recs
It's alive!

IT – IS – ALIVE!!!
SACTOWN ROYALTY - Try our thick creamy shakes!
by section214 on Oct 1, 2009 4:05 PM PDT up reply actions 2 recs
Good to see you again!
Also, you have stated in quite a few more words what I was eluding to and I appreciate your thought and intelligent way of illuminating points that I just don’t have time (or the brains) to say myself.
I do worry about the losing my favorite team. But until I see something plausible or a new plan emerges, this just isn’t going to get done quickly. I think we’ll get to see our kids grow up.
"I grok it!" Michael Valentine Smith
by SeattleRoyalty on Oct 1, 2009 6:08 PM PDT up reply actions 0 recs
Hey!!!
Missed having you around, O Verbose One.
The draft lottery has reinforced my belief that there are not enough bad words in the English language.
by LeaguePassAddict on Oct 1, 2009 8:26 PM PDT up reply actions 0 recs
Louisville...
…is a bigger threat than KC IMO. They have a brand new arena being built ready for next season in dontown Louisville. It also is imperfect and has it’s flaws, but it’s a superior option to KC IMO, as Kentucky has ZERO pro teams.
I still think Sacto is a better option than even Louisville or Seattle.
by Smills91 on Oct 10, 2009 11:28 AM PDT up reply actions 0 recs
Louisville also has corporate support as well
I agree Louisville is a reasonable option in some context. I just don’t know that the Maloof’s would be willing to relocate the team themselves. I think the first and major point for them is to keep the team in Sacramento. If they can’t do that, and eventually they will give up, they will then sell the team to someone who wants to move.
No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....
by pookeyguru on Oct 10, 2009 11:30 AM PDT up reply actions 0 recs

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