HoopsHype Gavin Maloof rumors

April 12, 2013 Updates

The group of ultra-wealthy investors seeking to buy the Sacramento Kings and keep the team here has notified the NBA that they will match the offer for the franchise made by rival investors from Seattle, a source close to the deal told The Bee. Earlier today, the proposed Sacramento ownership group grew by one when Chris Kelly, a former Facebook executive who ran for state attorney general in 2010, was unveiled as a new partner. A source said the group has been approached by multiple interested investors and is now turning them away. Sacramento Bee

On Thursday, sources close to the Maloofs said that if the Sacramento group submits a matching offer that satisfies the league's other owners, they will embrace an outcome that keeps the Kings in Sacramento. The league is expected to address the situation at the April 18-19 annual ownership meetings. Because of the complexity and unprecedented nature of the proceedings, however, with two legitimate groups bidding for one established team, league Commissioner David Stern has indicated the matter might not be resolved until later this month. Sacramento Bee

April 11, 2013 Updates

The great people of Sacramento have a lot to worry about, but this so-called Maloof deadline is not one of them: The Sacramento Bee reported this afternoon that the Kings owners have given the group from Sacramento trying to roadblock Seattle until Friday at 5 p.m. to submit a written backup offer to buy the team in the event the NBA turns down the Seattle bid. What the Bee does not report is what happens if mayor Kevin Johnson, Mark Mastrov, Vivek Ranadive et al miss the deadline. Nothing. It's great strategy by the Maloofs, presumably as a coordinated effort, or at the very least in consultation, with the Seattle group -- give Sacramento one more item it has to deal with while playing catch up, sometimes awkwardly, in the final days before a possible vote by the Board of Governors. And it's the latest very clear sign the Maloofs are digging in and willing to show their teeth. But there's no there there. Sulia

The deadline is a negotiating tactic. If it's missed, it will not signify a permanent end to negotiations. It might not even signify an end for the month if the governors turn down Seattle. (If Seattle is approved, of course, everything else become moot.) Sulia

April 2, 2013 Updates

The moment will be seared into the minds of long-suffering Sacramento Kings fans forever. Sacramento Mayor Kevin Johnson and Kings owners Joe and Gavin Maloof standing together at center court, holding hands and raising their arms in triumph after both sides agreed to an arena financing plan to keep the NBA team in town for at least another 30 years. "There's going to be a beacon of light shining bright in 2015 — a brand new arena," a teary eyed Gavin Maloof told a raucous crowd during a timeout in a win over the Utah Jazz on Feb. 28, 2012. "We still love you. We always loved you, and we always will love you." Oklahoman

March 31, 2013 Updates
March 27, 2013 Updates
March 18, 2013 Updates
March 5, 2013 Updates

Sources do not expect the Maloof family to push back on the league’s decision to back either Sacramento or Seattle, citing the prohibitive costs of an antitrust lawsuit, and the potential for the family to lose a chance to cash out in Sacramento or Seattle. The issue of market comparisons between Sacramento and Seattle is cloudy, but sources expect Sacramento to be competitive in that area because it has one major sports team in their No. 20 TV market, while Seattle could have six major sports teams in its No. 12 TV market. We will cover this in a bit more detail later in the next few weeks. NBCSports.com

February 21, 2013 Updates
January 22, 2013 Updates

When the city put forth major time and energy to broker last year’s arena deal, they negotiated its terms with the NBA, not the Maloofs. The Kings owners had seemingly turned over all bargaining responsibilities to the league. “Obviously, we’re leaving that up to the mayor and the city and the NBA,” Gavin Maloof said on Kings Media Day in 2011. ”But the NBA is keeping us apprised of what’s going on.” “I’ll be as clear as I can that we know that the NBA had the power and authority to represent them,” Johnson said after the deal fell apart at last spring’s board of governors meetings in New York. “As they had been doing for many, many months.” Stern and the league’s first-hand knowledge of what transpired last year may come into play during the decision-making process. Johnson could use that to his benefit when he pleads Sacramento’s case to the league’s 30 owners. Cowbell Kingdom

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