Earlier this week, I asked Frank in an email “if the relocation deadline is as flexible as it was last year, when two extensions were granted (by the NBA Board of Governors) or whether there has to be a financing plan announced by March 1, to the NBA’s satisfaction.”

This was Frank’s response: “The deadline has not been extended and remains March 1.”

Although really curious where he is getting this from.

Nine months later, the Maloofs are still waiting for details. They reportedly haven’t even been asked how much they’re willing to kick in as the anchor tenants. If they’re expected to contribute $80 million to $110 million, as the Sacramento Business Journal recently speculated, there won’t be a new arena. They don’t have it.

but why is this fanshot not in the fanshot section? Only noticed it because it was on the bar to the right of the page but didn’t see it in the fanshots or front page.

Earlier this week, I asked Frank in an email "if the relocation deadline is as flexible as it was last year, when two extensions were granted (by the NBA Board of Governors) or whether there has to be a financing plan announced by March 1, to the NBA’s satisfaction."

This was Frank’s response: "The deadline has not been extended and remains March 1.

To me, that means the deadline is firm and if the arena financing isn’t finalized in the next month, the Maloof family – which has owned a controlling interest in the Kings since 1999 – will have to file for relocation simply to protect its own interests in case the project falls through again this spring."

Well, to me this read like Frank didn’t answer your question and gave a “current status” and leaves it open to change.

But if the Maloofs contribution to the arena is through a 30 year lease than it would be like $2.7 mil a year to reach that $80 mil mark. I don’t think that’s a ridiculous amount per year to ask for. Than again I don’t know how much other owners pay in rent either.

Or is the $80 mil required up front, plus rent as well? I know I need to read the documents again but maybe one of you can clarify for me.

I haven’t heard anything about the Kings so I just assumed that everything was going fine in Sacramento. Is there any truth to Youngman’s article? Will there be another prolonged relocation fiasco? Hope everything works out on your end.

I find it amazing that a state with the GDP of California can’t figure out how to finance an arena for it’s capitol? Yet they can build one in Orange F’in county?
Interest rates are low, unemployment is high and the govt. needs to stimulate the economy. It’s the perfect storm of need and opportunity. What if these folks were in charge when we needed a highway system, an aqueduct, or a power grid?