Why is the Owners' Meeting Vote a Slam Dunk?
Maybe I'm delusional. Maybe I'm looking for anything, grasping at straws, but I don't know why everyone, local and national media alike, is simply assuming the vote on the move to Anaheim is a foregone conclusion.
I understand that in the past, these votes have been overwhelmingly approved by other owners, but that assumes this move is similar in nature to Vancover, Charlotte and Seattle. Guess what? It's not. So if the situation is different, why are we assuming the end result (the vote) will be the same?
I understand the owners, as a collective group, typically vote to "yes" to a move because they all paid a ton of money for their teams, and they feel as owners, they should be able to do what is best for their own bottom line without interference, and if moving to new market is what is best for their team's financial well being (even if it completely screws a loyal fanbase), so be it.
However, this case is vastly different because unlike Vancover, Charlotte and Seattle (where teams moved into unoccupied areas), the Maloofs are looking to move into a market that is already occupied, not by just one team, but two. Thus, this vote isn't simply a vote for laissez-faire economics, allowing a struggling franchise to seek out a better deal, this vote is a decision by the owners on whether a struggling franchises' needs eclipse that of other healthier teams.
There are other factors to consider:
First, the Maloofs "need" a better deal, but is this the result of Sacramento being a bad market or the result of their own precarious financial situation? While the arena situation is certainly not good, Sacramento, as a market, has supported the team pretty well through many losing seasons. The fact the Maloofs "need" more revenue may be a result of their own business failings, not the failings of their team's market. Do the owners really want to appove a move into another teams market, hurting the other team's bottom line, because the owners of the stuggling franchise are in over their heads financially. This begs the question: Should these guys really be owners?
Second, whether we like it or not, the Los Angeles Lakers are a cornerstone franchise of the league, and Dr. Buss is part of the old guard. He has a significant amount of sway in ownership conversation, and he reportedly hates the deal. He also reportedly stands to lose a significant amount of money from his Time Warner television contract if a third team moves into his market. This, to me, is the biggest thing in our favor. If Jerry Buss stands up and says, "Do you think it is fair that I should lose $500 million because these guys are struggling financially? Would you like that if you were in my shoes?" As an owner, I would have a difficult time voting for something that doesn't seem fair even if I were in a small market.
Lastly, this vote sets a legal precedent, and the owners have understand this. If they allow the Maloofs to move their struggling small market team into the LA market, they have opened up Pandora's box because other small market teams will follow. NY, Chicago, Boston and the Bay Area have to know their markets are next, and if they try to block the move, this vote will give the struggling small market teams a legal precendent to sue for the right to move.
All of which makes me wonder why this vote is considered a foregone conclusion.
(This is a FanPost from a member of the Sactown Royalty community. The views expressed come from the member, and not Sactown Royalty staff.)
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Dr. Buss is part of the old guard. He has a significant amount of sway in ownership conversation
Sorry but a lot of owners disagree with Buss on a lot of things and in fact don’t treat him like some benevolent father figure.
Lastly, this vote sets a legal precedent, and the owners have understand this. If they allow the Maloofs to move their struggling small market team into the LA market, they have opened up Pandora’s box because other small market teams will follow. NY, Chicago, Boston and the Bay Area have to know their markets are next, and if they try to block the move, this vote will give the struggling small market teams a legal precendent to sue for the right to move.
7<23
Live every week like it's Shark Week.
I agree with this.
The trick is to get those 5 owners, plus 9 more owners to agree with Buss & Sterling. Easier said than done.
EvilCowtownInc: Screwin Suckaz over since 1985...... On Twitter
No mistakes in the tango, Donna. 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.....
Yeah no kidding
Personally, I think either (a) everything has already been negotiated between all the interested parties and the rest as of right now is a formality or (b) nope things have not been finalized and we literally have absolutely no clue how it will all turn out in the end because, although we have an idea of what issues are important here, the whole process is so darn informal.
Live every week like it's Shark Week.
by wallywagon11 on Apr 11, 2011 10:22 AM PDT up reply actions
If it had all been negotiated
than I don’t believe Phil Jackson would be talking the way he is.
"But screw your courage to the sticking place - and we'll not fail"
Macbeth Act I, Sc VII
by lietothegirls on Apr 11, 2011 10:43 AM PDT up reply actions
we'll see
I’m personally inclined to believe there is no for sure deal in place yet (I’m sure people in Anaheim are fairly confident it’s done) but that’s just largely based on my own assumptions.
Live every week like it's Shark Week.
by wallywagon11 on Apr 11, 2011 11:03 AM PDT up reply actions
Could not agree more.
Everything having been negotiated in advance implies some degree of foresight and planning on behalf of the Maloofs. I have seen little to no historical evidence to support that approach. These guys seem to fly by the seat of their pants a whole helluvalot of the time.
It seems to me..
..it wasn’t the Maloof’s who delayed the vote, but the NBA themselves to give the Maloof’s more time to get what the NBA needed to approve the deal essentially.
EvilCowtownInc: Screwin Suckaz over since 1985...... On Twitter
No mistakes in the tango, Donna. 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.....
That's what it seems like to me as well
Must say…being at the game tonight definitely did feel like good bye. For me at least.
That’s what I hate, we won’t know FOR SURE, until its already too late. I
Yep
Tomorrow could be goodbye forever, or it could be goodbye til October. We just won’t know until sometime around the weekend.
I agree with much of this
but still think that a no vote is unlikely. Much more likely is a counter balancing BIG relocation fee.
"But screw your courage to the sticking place - and we'll not fail"
Macbeth Act I, Sc VII
That is the subtle way for them to say "No"
They are likely to force the Kings to pay off the other LA franchises to compensate for their losses. Also, I would expect them to require the Maloofs to pay off the $77 million to Sacramento.
There are easy ways for them to make sure the move isn’t feasible. And that is just as effective as voting No.
I didn't major in Common F-cking Sense, but ...
I think if you're a small-market franchise, the best way to approach this is with the olive branch extended to Buss and Sterling
Allow them, and the other 5 franchises know, that hey, we’ll gladly vote down this movement into your backyard, but in exchange, we need some form of revenue sharing across the board.
It’d set a better precedent for the NBA, and then the Buss’s, Dolans, Sterlings etc of the NBA can check out their bottom line and see, is it better long term for the health of my franchise to partake in RS with the other 29 teams, or is it better to allow 1, maybe more teams into my territory to usurp a portion of my fan base force me to revenue share with a saturated market.
I think I know the answer to this….but we’ll see what they ultimately decide to do.
This may be in the subtext
The Maloofs are probably going to use this angle to get more votes for their move. I would imagine they could easily get the small market teams to vote for them given that it will create more pressure for revenue sharing.
I didn't major in Common F-cking Sense, but ...
Actually I think at least some revenue sharing is a lock as part of the next deal
So Buss would be getting hit twice on this, once off his TV deal and than again in revenue sharing.
"But screw your courage to the sticking place - and we'll not fail"
Macbeth Act I, Sc VII
by lietothegirls on Apr 11, 2011 9:50 AM PDT up reply actions
id be shocked if the vote didn't pass
it’s the relocation fee that will make or break the deal.
if the reports of the lakers being out up to $500 milli because of a kings move to anaheim are true, and the relocation fee reflects such, the deal could no longer make sense (not that it does already IMO)
I think your last statement goes against the grain of your post.
Because most of the teams aren’t in major markets like LA, NY, Chicago, most of the owners aren’t going to vote down the move because some day they might want to do the same thing. And as to setting a legal precedent, I think forcing a financially strapped franchise to stay where they are instead of allowing them to move to a city where they can become a viable franchise again, has some legal issues also.
"If you don't have anything good to say, LIE" - Mom
The greatest impact player in NBA History - Tim Donaghy
And as to setting a legal precedent, I think forcing a financially strapped franchise to stay where they are instead of allowing them to move to a city where they can become a viable franchise again, has some legal issues also.
yeah no kidding
Live every week like it's Shark Week.
by wallywagon11 on Apr 11, 2011 11:02 AM PDT up reply actions
apparantly "yeah no kidding" is my new catchphrase
Live every week like it's Shark Week.
by wallywagon11 on Apr 11, 2011 11:11 AM PDT up reply actions
yeah no kidding
Dunking Dutchman - betting that Omri will have at least 12 games with 85% TS% this season.
by RikSmits on Apr 11, 2011 12:50 PM PDT up reply actions 3 recs
Need an arena plan too!
The owners will vote to allow the Kings to move, no question.
At this point, only three things may actually slow down or stop the Kings from moving:
1. Enormous relocation fees
2. Hold-up of Anaheim city bonds by signature drive
2. Lack of a viable arena plan by city of Sacramento
The first two are going to happen, which could only delay the move temporarily.
But if Taylor / ICON group can somehow put together a viable arena plan and get it in front of the BOG in time, that could really help Sac’s case.
I really dont think
the voters will turn them down. I think it’s a little political …. as in, if I vote Yes for the Maloofs … they’ll vote Yes for me later on down the road if I need something.
The only chance I think Sac has of keeping the team is if the relocation fees are too much to pay, or the Maloofs flat out aren’t comfortable with the Anaheim deal.
I would add legislation to the list of issues that slow down a move
If Steinberg gets a bill passed that require teams to pay their debts to a City in full before they sign a lease in another city that will be a more powerful force stopping the move then perhaps the other issues. The Maloofs are banking on passing their Power balance asset off to the city for perhaps 35 to 50 million. They can only afford losing $25 million in their interest in the Kings to the city (which then gets bought by Samueli. The Maloofs can not afford to give Samueli a $75 million stake in the team (in exchange for him paying off the loan to Sacramento) or they will lose their majority interest in the team. That loan the city gave the franchise in 1997 (love it or hate it) may be the only issue that keeps the team in town for another year.
by SacKingsfanforever on Apr 11, 2011 3:09 PM PDT reply actions

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