Mar 30, 2012, 10:53 AM EDT
As has followed the long-standing pattern with the Maloof family — or at least half of the Maloof family — when it comes time to talk money on a Sacramento Arena deal to keep the Kings in that city, the family wants to get and not give.
But this time it may not matter because it is the city and the league that will have the final say on the Maloof’s plan.
The latest flare up in the plans to build a new arena for the Kings in Sacramento came to light on Thursday when it was reported by the Los Angeles Times and Sacramento Bee that the Maloof family would not pay its share of the predevelopment costs that have come due.
David Stern and the league have had to step in and help a little, reports the Sacramento Bee.
The NBA today came to the rescue of Sacramento’s arena deal, agreeing to advance about $200,000 in pre-development costs after the Kings’ owners balked at paying the money….
NBA Commissioner David Stern, in a statement to The Bee, said those pre-development expenses must be paid quickly. “Those discussions have stalled, but I have advised Mayor Johnson that the NBA will advance pre-development expenses on behalf of the Kings pending our report to the NBA Board of Governors at its meeting on April 12-13.”
A Maloof family spokesman in Los Angeles told the Bee today the team does not feel that it should share in predevelopment costs because the team is only a tenant in the building, which would be owned by the city.
This from a family that is ultimately expected to kick in $73 million for the arena deal in the agreement that was celebrated just a few weeks back. The Maloofs have a new crisis PR person helping them out, which has to make Kings fans uneasy. The Los Angeles Times says this puts Anaheim back in play.
This is the Sacramento soap opera — or more accurately cheesy reality show — that has been the arena drama (in various forms) for a decade. It is a mistake to think of the Maloof family as a unified front — they have been internally divided on the Sacramento arena plans, a move to Anaheim and probably over whether Reese’s are chocolate with peanut butter or peanut butter with chocolate. Reportedly on one side are Joe and Gavin, on the other it is George Jr. and Adrienne. It was pro-move George who was doing the speaking Thursday.
But right now, the Maloofs do not have all the power. They are not in control.
The league pushed aside the Maloofs and negotiated directly with the city to get the arena agreement that was reached in place (the Maloofs were part of that discussion but not at the heart of it). The league then stepped in and basically fronted the predevelopment costs for the family.
This is all going to land in the laps of the NBA Board of Governors next month. That group made up of the other NBA owners, who voted last year to force the Maloofs to give Sacramento another year to come up with an arena plan. That group is going to hear from Sacramento Mayor Kevin Johnson, from the league and from the Maloofs. It is that same board that would have to approve moving the team.
If the league and the city can make the deal works for the other owners, it will get approved and move forward. As they were during negotiations, the Maloofs will not be the side with all the power.
So while the latest move by the Maloof family to save a few bucks and assert some control is a bump in the road, it does not kill the project. The Maloofs do not have that power anymore. If the league and city can make the deal that the other owners approve, the deal will get done.
Jul 3, 2015, 4:31 PM EDT
Key for the Wizards is this is a one-year deal, so they save their cap space for a Kevin Durant offer next summer.
Jul 3, 2015, 4:00 PM EDT
This is a huge blow to the Clippers roster.
Jul 3, 2015, 3:40 PM EDT
This was expected, now the Knicks move forward with Robin Lopez.
Jul 3, 2015, 2:52 PM EDT
Solid deal in a vacuum, but in Sacramento…
Report: Knicks to sign Robin Lopez to four-year, $54 million contract (unless DeAndre Jordan changes his mind)
Jul 3, 2015, 1:58 PM EDT
More evidence Jordan won’t pick Knicks
Jul 3, 2015, 1:35 PM EDT
Washington could land David West
Jul 3, 2015, 12:07 PM EDT
Third year is reportedly a team option
Jul 3, 2015, 11:08 AM EDT
I doubt Sacramento is celebrating quite yet
Jul 3, 2015, 10:31 AM EDT
Brooklyn making most of a self-inflicted bad situation
Jul 3, 2015, 9:50 AM EDT
If LaMarcus Aldridge signs elsewhere, San Antonio makes a lot of sense
Jul 3, 2015, 9:14 AM EDT
So Knicks are probably getting Robin Lopez
Jul 3, 2015, 8:30 AM EDT
In this market even if these deals are misses, they are correctable ones.
Jul 3, 2015, 8:00 AM EDT
I don’t think the Lakers are all that serious here.
Jul 3, 2015, 2:19 AM EDT
Sacramento had made a big push but again missed out on their target.
Jul 2, 2015, 11:31 PM EDT
Martin had hoped to return full-time last season, but the opportunity never materialized.
Jul 2, 2015, 10:34 PM EDT
Sacramento needs to overpay much more than that to lure free agents.
Jul 2, 2015, 9:22 PM EDT
Lopez is solid, and New York and L.A. need talent after striking out with the big names thus far.
Report: Damian Lillard planning L.A. visit to try to convince LaMarcus Aldridge to re-sign with Blazers
Jul 2, 2015, 8:21 PM EDT
Interesting wrinkle to the Aldridge free agency saga.
Jul 2, 2015, 7:07 PM EDT
The Wizards will only give up a future second-rounder.
Jul 2, 2015, 6:55 PM EDT
Butler just signed a five-year deal to stay in Chicago.
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- Report: Wes Matthews reaches agreement to join Dallas Mavericks 22
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- Dwyane Wade agrees to one-year, $20 million deal to stay with Heat 54
- PBT Podcast: Talking best signings of free agency so far 0