Found April 13, 2012 on
Watching the presser with David Stern told me one thing: He really does not like the way the Maloofs are handling themselves. At all. Their press conference was to convince an anti-trust jury (because that's where this is heading--I'll explain in a bit) that the NBA has in it for the Maloofs in Sacramento.
David Stern admitted several key facts that many people had been wondering.
Chief among those facts are that the NBA would loan 67 million, and give 7 extra million to cover the Maloofs full share of an arena. The Maloofs said no to this.
The NBA worked it's collective asses off with the city of Sacramento, Anschuntz Entertainment Group (they run Staples Center in LA among many venues, own the LA Kings hockey team and have a roughly 30% stake in the Lakers) actually would have contributed money to an arena.
The NBA has exhausted resources in trying to get a deal.
The City of Sacramento has exhausted resources to try and get a framework that would l...
BEST OF MAXIM
The Sacramento Kings arena deal is falling apart, and mayor Kevin Johnson is not happy about it. He called out the Maloofs for it.
It’s now up to David Stern to clean up the arena mess in Sacramento, a position the NBA commissioner finds himself in on Friday as he prepares to meet with Sacramento Mayor Kevin Johnson and Sacramento Kings ownership, the Maloofs.
If this Board of Governors’ meeting opens with a round of handshakes it might be the last time Mayor Johnson extends his hand to the Maloofs...
NBA Commissioner David Stern said Friday a new arena in Sacramento is "not going to happen," amid major concerns from the Sacramento Kings' owners about the financing and political obstacles confronting the project before their desire to have the facility open before the 2015 season.
A basketball official close to the situation but unauthorized to speak publicly said...
The Kings' future in Sacramento is uncertain again.
A tentative deal for a new arena has fallen through, leaving open the possibility the team's owners could again try to move from California's capital.
The Maloof family said Friday it wants to remain in Sacramento, and Commissioner David Stern says he believes them. But Stern also said it was the Maloofs' right...
The final official hurdle for the Nets' move to Brooklyn was cleared Friday, when the NBA's Board of Governors unanimously approved the team's relocation across the Hudson River to the Barclays Center, where the team will begin play this fall.
"We voted to formally approve the move, and the team name, which will be the Brooklyn Nets," NBA commissioner David...
A deal to build a new stadium to house the Sacramento Kings has fallen apart.
The team's owners, the Maloof family, backed out of plan to finance a $391 million arena, putting the future of the franchise in doubt.
Sacramento Mayor Kevin Johnson, a former NBA player, said the deal approved last month by the city council was dead.
"(The Maloofs) are now saying they don...
Sources say a group of 25 business leaders were expected to release a letter to David Stern calling for new ownership of the franchise.
David Stern can't be happy with Charles Barkley today. That's because the Inside the NBA star analyst appeared on ESPN 1000's Waddle & Silvy in Chicago and insinuated the fix may be in for the upcoming NBA Draft Lottery. The Charlotte Bobcats will have the most ping pong balls after one of the worst seasons in NBA history, and not even Michael Jordan would pass...
Friday was both a great day for the NBA and a sad one. First Commissioner David Stern announced that New Orleans Saints' owner Tom Benson had purchased the New Orleans Hornets. Then Stern announced that the Maloof Brothers had more or less taken a dump on the city of Sacramento, Mayor Kevin Johnson and most importantly thousands of loyal Kings fans by backing out of arena...
The ever-controversial Charles Barkley. Saying things that make NBA Commisioner, David Stern spit out his chicken noodle soup. Chuck was saying stuff again today. This time on ESPN 1000 in Chicago.
Speaking about the 2012 NBA Draft, Barkley said:
I’ve got to tell you something, I’m really concerned about the number one pick in the draft this year. Well, number one, I think Michael...
The title...yeah that's pretty much the short version.
The Maloofs don't want to be in Sacramento. They are backtracking away from a deal they said they were comfortable with. Now they are faced with the reality that the Kings will no longer be theirs. Except, the Family has refused to accept it and will fight to the bitter end.
What will this all mean? It will likely cost...