Agreement for new Seattle arena reached

[jWILL253]

Re: Agreement for new Seattle arena reached

A picture of where the vote went down in Dallas:

<s style="color: rgb(102, 181, 210); text-decoration: none;">#</s>NBAKings<s style="color: rgb(102, 181, 210); text-decoration: none;">#</s>NBASeattle http://t.co/B6gmuha8YO

That picture in the tweet looks very suspicious...

[Coug00]

Re: Agreement for new Seattle arena reached

That picture in the tweet looks very suspicious...

There were a few note pads left in the conference room. That may have just been one of the owners/governors taking notes of their own.

What I'm more suspicious is David Stern's claims of 100% of funds are in escrow and Sacramento has already contributed their amount to the NBA when they don't have a binding agreement or approval.

[MarvinOida]

There were a few note pads left in the conference room. That may have just been one of the owners/governors taking notes of their own.

What I'm more suspicious is David Stern's claims of 100% of funds are in escrow and Sacramento has already contributed their amount to the NBA when they don't have a binding agreement or approval.

Exactly. Also, in the pic wtf are those scribbles? Conspiracy! Jk, happy for Sactown but seriously this situation is just as crazy a Pixar sequel. SliverForSeattle.

[Coug00]

Re: Agreement for new Seattle arena reached

I'm springing for one of these shirts.

NSFW

Spoiler

[s.gamernut20]

Re: Agreement for new Seattle arena reached

I find Stern's assertions to be insulting.

History is important only when it supports him... 28 years in Sacramento is a joke. First the Sacramento team was stolen from KC to begin with and secondly a longer amount of history was ignored to get his friend a team in OKC.

If I were the Seattle group, I'd start on the anti-trust litigation and not stop it.

He never once mentioned our 41 original years in Seattle. Plus his little jab "This will be a short conference, I have a game to get to in Oklahoma City" was that necessary to say, knowing the topic involved Seattle?

That's a punk move. This guy screwed the northwest royally (Seattle & Vancouver). He can't wait to get to the "Screw the Northwest" playoff series.

Portland is lucky they have Paul Allen, I'm sure Stern would love to **** them over too if he could.

[Coug00]

Re: Agreement for new Seattle arena reached

There were a few note pads left in the conference room. That may have just been one of the owners/governors taking notes of their own.

What I'm more suspicious is David Stern's claims of 100% of funds are in escrow and Sacramento has already contributed their amount to the NBA when they don't have a binding agreement or approval.

Here's my answer on half of it.

Ryan Lillis @Ryan_Lillis 1h
$200m is based on 65 percent of $525m valuation. Ranadive would absorb NBA line of credit and Sleep Train loan, so take that $$ from $341m

The Maloofs really get screwed in this deal considering Hansen/Ballmer were going to assume they owed the $75M left on Sleep Train.

[greenegt]

Re: Agreement for new Seattle arena reached

Damn. What a jerk move by Stern. The Seattle offer was as solid as you could ask for. Unbelievable.

[23]

Re: Agreement for new Seattle arena reached

Stern still going on about a goal of returning a team to Seattle...

Then goes on about how small teams can succeed in the system if well managed by pointing out teams like indiana and san antonio in the playoffs...

[UWfan206]

Re: Agreement for new Seattle arena reached

David Stern set up meetings and introduced Hansen/Ballmer with the Maloofs, then used them to leverage Sacramento for money. He walked Kevin Johnson and Mark Mastrov through this entire process on how to beat the Seattle offer and got Ranadive involved in the group after Burkle backed out. All this after telling Ballmer if he backed away from saving the Sonics in '08, he'd get the first team available. That's why I blame him. He's a snake.

He really said that to Ballmer? What a snake.

[Coug00]

Re: Agreement for new Seattle arena reached

He really said that to Ballmer? What a snake.

Yep!

Stern still going on about a goal of returning a team to Seattle...

Then goes on about how small teams can succeed in the system if well managed by pointing out teams like indiana and san antonio in the playoffs...

Brock Huard is pretty locked into the Seattle group and says they're working with Silver for expansion in 3 years.

[UWfan206]

Re: Agreement for new Seattle arena reached

Yep!



Brock Huard is pretty locked into the Seattle group and says they're working with Silver for expansion in 3 years.

3 years is too long. By the time that Seattle team becomes good I'll be in my 40s.

[TracerBullet]

Re: Agreement for new Seattle arena reached

Stern still going on about a goal of returning a team to Seattle...

Then goes on about how small teams can succeed in the system if well managed by pointing out teams like indiana and san antonio in the playoffs...

I feel like they're a bad example. Yeah, their record is good, but their attendance this year was worse than the last year before we knew the Sonics were gone. And Seattle went 31-51 that year. Sacramento is better than them with a good team, but knocking them out of the revenue sharing in the league really won't help them any time soon.

[23]

I think he was just saying that because he's on national tv



Galaxy Note 2

[Coug00]

Re: Agreement for new Seattle arena reached

Seeing how the NBA is financing the purchase of the Kings and seeing the criteria in the picture below from the BOG meeting, Seattle never stood a chance. Pawns.

[ProfessaPackMan]

Re: Agreement for new Seattle arena reached

So who were the 8 owners that voted Yes or has that info not been released yet?