Breaking down the Maloofs' debt

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.

***

SIGN THE HERE WE STAY PETITION TO KEEP THE KINGS IN SACRAMENTO AND GET SEATTLE AN EXPANSION TEAM

SB Nation Featured Video
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker