FanPost

Why the Maloofs had to kill the arena

As I mull the whole thing over I keep coming back to one thing. The Maloofs killed the arena deal because they are planning to sell. I know they said they weren't going to sell but I think they have finally realized the ship is nearly sunk and they can either salvage what is left or die with the wreckage.

First, lets look at why the Maloofs would say they wouldn't sell. IMO its very clear, you don't sell an NBA team when there is another NBA team on the market, it gives potential buyers leverage against you. Well what do you know, there are no NBA teams for sale right now.

Second, they just watched an MLB team in their backyard sell for 2 to 2.5 times what its probably worth because half a dozen groups with very deep pockets got into a bidding war. Ok, but that was LA, not little Sacto, but what if you were in a situation where the team isn't grounded to a facility?

Here is the most important sales pitch. You can buy our team and move it anywhere you want. Does that increase the value? I would say so. Suddenly you have billionaires in a bidding war knowing if they can just get the team they can put it where they want. Is Burkle going to bid? Seems probable. Samueli? I would bet on it. Groups from Seattle, St. Louis and KC? Why not? And that doesn't include any local groups forming to buy it.

Put it all together and you have the perfect storm for the Maloofs to sell. Obviously you still have David Stern and company to deal with once you buy with the hopes of moving but at this point, I think Stern would be willing to sacrifice the city of Sacramento on the altar of failed NBA cities just to get the Maloofs out of his hair. Just my two cents.

(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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