More Cowbell: Kings Selling Lots Of Tickets, Maloof To Meet With Mayor
by Tom Ziller on May 5, 2011 10:22 AM PDT
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PrintSac Bee: NBA starts image makeover for Sacramento Kings
Via a Juan Primo FanShot. A few great nuggets in Dale Kasler and Ryan Lillis' piece on the NBA team in town. Gavin Maloof is in town and will meet with Mayor Kevin Johnson and business leaders at a lunch today. Also, here's a line about ticket sales:
Season ticket renewals, which began late Monday, have "exceeded even our most hopeful expectations," Granger said. "It's impressive for any market."
Sac Bee: Chris Webber will play a role in arena fight
Lillis reports that Webber remains in contact with KJ going forward.
Sac Midtown: Railyard cleanup unlikely to be a hurdle
Word that cleanup at the railyards site -- the target for a new arena -- won't be an issue. Thanks to drew7 for the FanShot.
News10: Joe Maloof expresses gratitude to MS&E staff, fans
Nice piece by Sean Cunningham (print) and Ryan Yamamoto (video).
Jim Les to coach UC Davis men's team
A Kings' fan favorite will lead UC Davis to more losses against Sac State.
REMINDER: Here We Stayed Celebration -- Friday evening at Thunder Valley!
Did I miss anything? Drop it in the comments.
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Hmmm
Your arena situation sounds awfully familiar to our Vikings stadium situation.
Everyone wants it, no one wants to pay for it.
Hope both situations work out, the LA area doesn’t need anymore teams
Minnesota Wild 2011: Don't even bother, unless you like booing.
Keep the good news coming!!
I want a flurry of winning right now, while all the momentum is in our direction.
by HeuristicLineup on May 5, 2011 10:38 AM PDT reply actions
well get ready because there are about to be a few bumps in the road
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:02 AM PDT up reply actions
Nooooooooooooooooooooooooo bumps in the road suck!
unless you are sitting in the back of a school bus, bouncing up and down on the seats so you get air burn when you hit a speed bump. Then they are awesome
by HeuristicLineup on May 5, 2011 12:54 PM PDT up reply actions
Here is a rumor you all might be interested in
Circle May 9th on your calendar boys and gals.
(just a rumor though)
Live every week like it's Shark Week.
1. Sell Palms
2. Build arena
3. ????
4. PROFIT!!!
by HeuristicLineup on May 5, 2011 10:50 AM PDT up reply actions 1 recs
What's left?
It seems the Maloofs are betting everything on the King’s franchise. Slowly but surely their financial investments are dwindling and they don’t have much left to rely on. Their best bet? Build a winner, sell the team and retire to Maloofville.
I want to know why they sold that beer distributorship
because if it was really to prop up the Palms that looks to be a major major failure. Maybe they sold it for a huge massive number that they couldn’t say no to and are doing okay right now financially. One also has to remember that they do have quite a bit of family money.
That being said, sure doesn’t seem like they have anything bringing in a ton of money right now and sure seem to be worth a lot less then they were a few years ago.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:00 AM PDT up reply actions
Word is they have had liquidity issues
It is one thing to be rich and another to be rich with liquid assets. You can have a ton of money on paper, but none to spend. If you lose too much by pulling money out of something then you need to get loans on your assets. The issue is that most of their assets are already leveraged. Pretty sure that they could move the distributorship for good $$ and that probably kept them with cash on hand.
I didn't major in Common F-cking Sense, but ...
I know a few people that have beer distributorships
and they would sell their kids (maybe not) before departing with the wealth provided by beer. I can’t fathom trading their sure thing beer distributorship for a sinking ship, the Palms. I hope their family money is huge because the only way to make money in the NBA (a few teams excepted) is to have a team that appreciates with time and sell it. In the meantime you had better have deep pockets.
by Bill2 on May 5, 2011 11:13 AM PDT up reply actions 1 recs
it really baffles the mind
No clue why they would sell that thing unless they absolutely felt like they had to. Whether it was a huge carrot or stick no clue but darn would think it’d be a stick.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:18 AM PDT up reply actions
sell to burkle!
"And Solskjaer has won it!"
by 'tough as nails' spence on May 5, 2011 1:06 PM PDT up reply actions
The day you get yelled at for not getting Mom a Mother's day gift?
My C is fuked up. Please feel free to add a c wherever you deem appropriate. Thanks.
Totally repeating myself
but these are the types of rumors that make me really really really want to know what the heck George and Stern were talking about on the phone together and why on Earth George got into an arguement with Joe and Gavin afterwards. Maybe Youngman’s sources (would have to think most likely some of Samueli’s people in the room or less likely someone working for the city of Anaheim) got the story a bit mixed up but that just confuses the heck out of me.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 10:55 AM PDT up reply actions
Maloof dissension?
It doesn’t matter now but to satisfy my curiosity, I would like to know how the family vote was divided when debating to leave or stay in our fair city and to listen in on their family debate. I would bet the vote wasn’t unanimous.
Of course not
the flip side though is I would bet the people wanting to move to Anaheim the most are the same ones who would be more interested in selling.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:26 AM PDT up reply actions
so not really sure which Maloofs in this whole drama people would be rooting for here
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:27 AM PDT up reply actions
Crandell said that Joe
being the softest of the Maloofs argued to stay. He was the most sentimental.
My guess is that gavin agreed with whatever the last emotional plea was and flip flopped constantly. I’m betting George was the show me the money guy.
My C is fuked up. Please feel free to add a c wherever you deem appropriate. Thanks.
Joe is the elder, and his opinion matters
But it was Stern that made the call
"I think this can be a good line-up for us and we’ll see how it works." - PW on replacing Casspi and Beno with JT and Head in the starting lineup (Nov. 18, 2010 Sac Bee)
sorry
when I say of course not I meant of course it was not unanimous. In particular, see no reason why George would want the status quo with the Kings.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:29 AM PDT up reply actions
hmm...
And the better paying slots and video poker machines, compared to those at Caesars properties? Sorry, better play them now while you can.
All I can think is…
And the better opportunity to sell the team before the NBA steps in more than they already have? Sorry, better sell now while you can.
formerly known as iddu
by CapitanMericanu on May 5, 2011 11:24 AM PDT up reply actions
Result of no Anaheim money :D
sd377 wants to ban me for unleashing the Kaepernick Supernova Gamma Ray
go back and read Youngman's more recent piece about how George on Friday was adament about Anaheim and had the conversation with only Stern and then had an arguement with his brothers.
If this rumor turns up true on Monday, it’s only going to make me more curious and more curious about the dynamics in play.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 11:33 AM PDT up reply actions
I thought the loan money was going to be used to float the Palms a little while longer in hopes the Vegas tourist scene picks up. It didn’t make sense how the family was still favoring $30 million in additional loans from Anaheim over $10 million in free crash from Sacramento. Obviously George would be the most upset, the Palms was his creation, his business. Joe and Gavin dumped their portion of the money into the basketball team.
sd377 wants to ban me for unleashing the Kaepernick Supernova Gamma Ray
This is where Burkle should come in and offer the Maloofs a very similar deal
to what Samueli was offering, in exchange for a long Sacramento lease and a small piece of the team. Use this lease to help finance the new arena and if the Maloofs’ money troubles continue, Burkle buys them out.
by Kfan in Korea on May 5, 2011 2:16 PM PDT up reply actions
It's interesting
because in that Joe Maloof interview with CNBC, I thought I heard him say they restructured, or refinanced some existing debt.
Maybe this is what he was talking about.
I remember that
It looked like a still shot but he was actually running as fast as he could
My C is fuked up. Please feel free to add a c wherever you deem appropriate. Thanks.
Small update on Friday night's Here We Stayed event
Phil Serna and Councilman Rob Fong will be speaking at the event, and be sure to RSVP on Facebook (link above) if you are going.
It should be a fun week or two guys. Let’s celebrate a little before getting back to work.
Author of the Pick and Scroll and NBA Mashups. Follow me on Twitter here.
Very excited
to have a chance to hear Phil Serna and Rob Fong at the event.
No Facebook to RSVP but I will definitely be there with some buddies
formerly known as iddu
by CapitanMericanu on May 5, 2011 11:19 AM PDT up reply actions
This year is all that matters
UC Davis 61 Sacramento State 54
Suck it TZ.
by Mityt on May 5, 2011 11:23 AM PDT reply actions 7 recs
Nice.
Now we just need Ed, Hit4thecycle, Gunrock, and KFan’s sister to come along and make this green.
"He forced it to go in the net, and that's a good thing."
-Jerry Reynolds
"This year is all that matters"
We may be Sac State products, but we know history!
by Tom Ziller on May 5, 2011 12:06 PM PDT up reply actions 4 recs
Go Ags!
Definitely got to rec this!
Seriously, I think Les is a great “get” for UCD—this guy can really coach.
I may be a bit biased, as I spent some of my college years sporting a “Jim Les Fan Club” travel mug as well as an official signed Jim Les hat, but it’s more than just blind admiration…
I also spent 4 years out at Creighton, and have watched a lot of Missouri Valley basketball. Definitely an underrated conference, year after year. Les taking Bradley to the Sweet 16 was no fluke—quite frankly, I was a little suprised UCD was able to snag him, until I saw the piece about his son being on the team as well.
Already planning the Aggies first trip to the Big Dance! (well, the men anyway—women were there last year, and gave Stanford a pretty good game, too…!)
This is shaping up to be quite a week!
by Gunrock on May 5, 2011 12:25 PM PDT up reply actions 1 recs
the infamous source
i’ve been ‘tracking’ this for a few months now because i know somebody near the program that knew of all the candidates being interviewed etc. some surprising names that if people knew they’d think for sure that person would get chosen on name recognition alone. there was a philosophical difference between the AD & the Pres – one wanting and up & coming coach – the other wanted to make a splash with a big name.
it’s funny because when I see this pick I can’t tell who won that battle. Jim Les was definitely not the biggest name they had – sounds to me like he was the compromise – some name recognition but still a young guy that has had some success.
Flagged.
UCD Sucks.
"You take one step out that door and somebody’s gonna get fucked real bad" ... Elfboy
by SierraSpartan on May 5, 2011 12:43 PM PDT up reply actions 1 recs
Boy, that escalated quickly...
I mean, that really got out of hand fast.
SACTOWN ROYALTY - Try our thick creamy shakes!
by section214 on May 5, 2011 12:44 PM PDT up reply actions 2 recs
The local colleges
Now get back to making arrangements for getting from Germany to Arco
Can't wait for October
by KingsFanInPortland on May 5, 2011 5:31 PM PDT up reply actions
Welcome NBA to Sactown
Dear NBA,
We are glad you sent some folks our way. Because the boys forget how to bring in the hay. They treat their barn like a sock that needs to be darned, let it decay, and then tried to move to LA.
We fans adore this team. And try to ignore the boys who want to take them away. They slink back to town, nothing more than clowns who have been punked by the NBA. It seems that you have them on a leash, but please keep it tight because they’ve been known to bite.
We need your help with these clowns who love LA. Because here in Sac that’ll get our back up. We are glad to see you here and want you stay. But please god just send these doofuses away.
I didn't major in Common F-cking Sense, but ...
by MustangMBS on May 5, 2011 11:41 AM PDT reply actions 6 recs
reminded me of fizbo the clown
"And Solskjaer has won it!"
by 'tough as nails' spence on May 5, 2011 2:53 PM PDT up reply actions
A little song, a little dance...
…a bottle of Bordeaux down your pants.
"You take one step out that door and somebody’s gonna get fucked real bad" ... Elfboy
by SierraSpartan on May 6, 2011 10:12 AM PDT up reply actions 1 recs
Let's dress 'em up like peanuts
and see if we can get the elephants to shell them. Chuckles would have wanted it that way.
SACTOWN ROYALTY - Try our thick creamy shakes!
by section214 on May 6, 2011 11:13 AM PDT up reply actions 1 recs
Done...
I didn't major in Common F-cking Sense, but ...
by MustangMBS on May 6, 2011 12:21 PM PDT up reply actions 2 recs
I have questions and comments
The NBA staffers working in town to help with the selling of tickets, what exactly are they doing? Are they developing marketing plans or are they selling tickets as the previous sales staff quit was laid off as they thought the team was leaving?
I would suggest the owning a casino in Vegas is more interesting than owning a beer distributership in New Mexico, that and it has more upside money wise
Think the Palms may well do well when the economy turns, think the Palms fortunes will turn arond too
The VP for Marketing left to go to Microsoft, I think
Your point is pretty telling. To add on to that, I think it is all about risk.
The Maloofs are not risk averse. They invest a lot of money in risky business and don’t seem to hedge their bets. They are gambling. And like bad gamblers all to often do when they lose big, they are looking forward to the next big gamble to make their losses good.
Sure gambling can be exciting, but the odds are that no matter how good you are, sooner or later, you lose. So, the old adage should apply, don’t gamble more than you can afford to lose. The Maloofs definitely ignore that one…
I didn't major in Common F-cking Sense, but ...
Palms
Granted, casinos do well in an up economy. However, the Palms will probably not be under the ownership of the Maloofs when the economy decides to go up. Also, a beer distributorship is a cash cow regardless of the economy. Americans love beer even when they are broke. Gambling is another thing.
From what I read, the NBA staffers are aiding the Kings in every department. They are Mr. Sterns eyes………….
KJ on Charles promise to help kings stay in sac
“I can’t tell you how many checks I had to come behind for Charles in the years we played together – not to mention a few other things,” a smiling mayor said of his former teammate with the Phoenix Suns.
Is it just me, or was this a REALLY dirty statement?
They are close friends
given they played together for quite some time in both their primes and even in the finals.
Live every week like it's Shark Week.
by wallywagon11 on May 5, 2011 12:04 PM PDT up reply actions
Just friends ribbing friends.
"We're not talking about me and Darko in the same sentence." - Chris Webber vs KAHN!
by caseycheesecake on May 5, 2011 1:16 PM PDT up reply actions
In other (semi-related) news. Artest was suspended for one game.
I didn't major in Common F-cking Sense, but ...
What are the odds
Joey Crawford will be reffing game 3?
by Kfan in Korea on May 5, 2011 2:22 PM PDT up reply actions
I though the same thing earlier before reading your statement.
My guess….100%
"I think this can be a good line-up for us and we’ll see how it works." - PW on replacing Casspi and Beno with JT and Head in the starting lineup (Nov. 18, 2010 Sac Bee)
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