Just how much do the Maloofs owe various parties?
One big question lurking behind all discussions of the Maloofs' reported sale of the Kings to the Seattle folks is the debt that the family carries on the team. There were a lot of numbers thrown about on Wednesday, but rest assured that the number is right around $200 million.
The Maloofs owe the city $77 million and owe the NBA's credit facility $125 million. The former stems from the loan that saved the Sacramento Kings the last time around. The latter is the maximum able to be borrowed under league rules. The Bee quietly reported the debt level at $205 million in Wednesday's story on Virginia Beach.
How much that all matters in the proceedings, should Sacramento get an opportunity to present a bidder, is unclear. But as has been noted ad nauseum: that city debt can be considered a helluva lot more liquid for a local buyer than a Seattle buyer.