It Takes An Ass To Know An Ass And The NBA Is Literally Filled With Them … !
By tophatal ….. Friday, April 13, 2012 ,08:19:37 PM
I’m sorry but it never ceases to amaze as to the gullibility of civic and city politicians and none more so than Sacramento city Mayor Kevin Johnson and his stance that the Sacramento Kings would willingly remain within the city . It would appear that the suspicions long-held by not only the Kings’ fans but the public in general is that the ownership group led by Joe and Gavin Maloof have not negotiated in good faith with the city of Sacramento . Much of this has been closely monitored by NBA commissioner David Stern , who all along has stated that he would do his utmost to monitor the situation as it unfolds . If anyone recollects , Stern was steadfast in supporting Clay Bennett and his consortium when the Seattle Supersonics were bought and then relocated to Oklahoma City to be renamed the Oklahoma City Thunder . Bennett and his partners were less than forthcoming in their deliberations with the city of Seattle . Short of a multi-million dollar lawsuit being filed against the NBA hierarchy by the city at the time , Clay Bennett saw fit to settle with Seattle , to the tune of $25 million and leaving the city with a “white elephant” , and formerly the home of the Supersonics .
Slide show for your perusal .
Come full circle , and Kevin Johnson is now being on the verge of being left with egg on his face , having suggested that the city and private businesses within were prepared to finance the building of a new venue to house the Sacramento Kings . The Sacramento mayor stated that the building of $400 million state of the art venue along with residential homes and commercial properties that allegedly would be of benefit to the infrastructure and raise the profile of state capital . To my mind , Johnson has been naive` from the very start , as he has seen fit to believe that the Maloof’s and the NBA hierarchy would be willing to a negotiate honestly with his city council members . It has been this sort of naivete` that we have seen repeatedly enacted not only by the NBA but also by the NFL , NHL and MLB , as they have sought to brow-beat the municipalities in which they operate . Taxpayers’ monies being repeatedly used to facilitate the building of venues for multi-millionaire and billionaire owners , never-mind the fact that tax incentives are also used as an inducement to lure a sports’ franchise either to remain or relocate from a municipality . But yet there are idiotic fans who speak of these issues as if they have insight as to how a professional sports franchise is ran , when in reality they have about as much insight on the issue as Paris Hilton would be able to name the capital city of Nepal . And as we know , Hilton was never that bright to begin with !
The calls are now being raised for Joe and Gavin Maloof to sell the NBA franchise rather than continue to foil the ongoing negotiations. Neither Maloof , has been prepared to make a public statement themselves or through a representative of the Sacramento Kings . David Stern has remained reticent in issuing a public statement concerning why the negotiations are now at a breaking point , with the possibility this now all falling through . With the NBA hierarchy still pursuing a purchaser of another beleaguered NBA franchise , the league owned New Orleans Hornets . It now begs the question what is that Stern is seeking to achieve ? A little more than three months ago the commissioner stated that the NBA was close to finding a buyer for the Hornets . Fast forward , and there’s no sign of a buyer in sight and the franchise remains in a considerable mess , with a team that shows about as much commitment to their craft as a group of obese individuals would be if they were asked to start on a diet , having been placed in a room filled with Cordon-Bleu` cuisine . Not exactly a recipe for great success and that is now clearly the case within the New Orleans Hornets . Record-wise the Hornets and Charlotte Bobcats remain the two worst performing teams within the NBA , and over the course of this both have sunk to new depths of mediocrity within the league .
Courtesy of USA Today
By Michael J . Falgoust , USA Today
The deal between Sacramento and the Maloof brothers for a $391 million entertainment complex for their NBA Kings is off , and the 2012-13 season could be the franchise’s last in the city before relocation.
“Is the deal dead as we know it? Absolutely,” said Sacramento Mayor Kevin Johnson, who broke off talks with the Kings’ owners, the Maloof brothers, after two hours in New York during the NBA’s Board of Governors meeting Friday.
“It just feels like they were coming up with reasons why not to do the deal.”
NBA Commissioner David Stern on Friday praised the efforts of Johnson but blamed most of this setback on an economist, hired earlier this week by the Maloofs, who concluded it wasn’t a financially sound deal.
Stern said he is “hopeful but not optimistic” that a deal could be revived after co-owner George Maloof held a news conference during the NBA’s Board of Governors meeting.
“I know we’re scheduling them into Power Balance Pavilion for next year,” Stern said of the Kings’ home since 1985.
The proposed city-owned complex would be funded mostly by issuing a parking lease to a private vendor. Anschutz Entertainment Group would have been the operator.
Maloof shot back at business leaders in Sacramento who have called for the NBA to force him and his brothers, Gavin and Joe, to sell the team, and Johnson, whom Maloof has accused of being evasive and duplicitous.
At issue is the non-binding term sheet both sides agreed to Feb. 27 in Orlando, the day after the All-Star Game.
Click on link to read this article in its entirety .
The Sacramento Kings are the guests of the Oklahoma City Thunder in a highly anticipated game that could very see Scott Brooks’ ….. team increase their lead within the Western Conference over the San Antonio Spurs . DeMarcus Cousins , the Kings’ best player has been something of a revelation this season but that certainly wasn’t the case earlier this year as Cousins struggled with his game an nd showing very little sign that he had matured as a player.
As this whole episode unfolds I am not so sure that this will all end in the way envisaged by David Stern the Kings’ ownership group. It could very well be that the commissioner will seek to have the Maloofs either sell the franchise or as I believe simply relocate the franchise . Stern has never proven to be a person who can be trusted to tell the truth as he sees it . Instead it has been a web of deception and lies all engineered to create and environment of well-being within the NBA . In all honesty , the league is still in a moribund financial state of affairs . Having lost in excess of $450 million for the financial year the losses this season could very well exceed a half-billion dollars ($500 million [$500,000,000]) . And for all of the apparent goodwill sought between the league hierarchy , team owners and the NBPA (union) , very little was truly achieved in terms of the new collective bargaining agreement. And that is in spite of claims to the contrary by Deputy Commissioner Adam Silver and the commissioner , himself . It is becoming increasingly clear that the league hierarchy would like create stability within the league when there clearly is none to be had . .
A dour economy or not the NBA’s $4.5 billion a year industry has hit some rough waters and much of that has been due to financial mismanagement by a number of the league’s franchises and the lack oversight from the NBA hierarchy , itself. The general managers around the NBA seem at a loss to explain their dire situation and to listen to Geoff Petrie explain the reasons why the Sacramento Kings are in a such a mess , is to listen to a child explain why it is that they were caught with their hands in the cookie jar , thinking that there would forever be a bounty to be had . Petrie and his fellow general managers happen to be no better than the ” asinine owners “ and franchises that they are said to represent ! Seeing the NBA and its continued failings from a business standpoint is akin to watching the archaic business template used by the financial and automotive sectors of the economy that had been well on the way to financial uncertainty. Nonetheless, the financial and automotive sectors of the economy are by no means out of the woods as of yet. The US taxpayer is still owed in excess of $ 450 billion ($450,000,000,000) , with this sum having emanated from the TARP initiative formulated by Hank Paulson and then further increased by his successor at the Treasury Department , Tim Geithner . And with their being little oversight shown by the governmental agency that Geithner presides over as the banks resume their egregious practices , and with that scenario now engulfing this sector of the economy it is simply no different from the mess that David Stern now presides over . And less we forget , Stern has initiated the league’s own form a bailout that has 22 franchises having been in receipt of $ 650 million over the last two years . But consider this also , the NBA franchises over the last decade has sought financing in excess of $1.655 billion , much of it to said to be put to the use for the benefit of those franchises . And we wonder why there is no clear-cut leadership being shown from within the league hierarchy , much less any accountability coming from anyone with authority within NBA ? So much has been made of the fact that revenues have increased exponentially under the two decade tenure of David Stern , but in reality what has the game now got to show for itself by way of anything tangible ? There are a number teams within the NBA that not as solvent as many might well believe them to , and with the teams’ financials not being opened for public scrutiny we may never know the depth of the crisis many of these teams actually face .
Consider this , in the four years before the Miami Heat acquired LeBron James and Chris Bosh as free agents prior to the 2009-10 season the franchise had accumulated losses in excess of $125 million over that period . It is the losses of that magnitude that set the chain of events into motion that saw Pat Riley orchestrate the moves that lured the two NBA All Stars to South Beach . And though the Heat would suffer the indignity of being soundly defeated in the NBA Finals of last season . The dividends reaped by the organization has led it now being the one of the “biggest draws” in the NBA over the last two seasons (2011 , 2010 ). Instead of hemorrhaging red ink in abundance the franchise is now back on a profitable financial footing. That claim cannot be made for the vast majority of the NBA’s 30 teams and that is something that David Stern would clearly like to remain under wraps . Like I said , the NBA commissioner is disingenuous and cannot be trusted to tell the truth as he would simply to create that environment of stability within what he views as his own personal fiefdom . Blinded by indifference and a gargantuan ego the NBA commissioner has become the biggest ass on the sporting landscape , only currently surpassed by idiotic antics of Miami Marlins’ manager Ozzie Guillen . Another bumbling ass wipe , who along with the ” idiotic ” … front office of that organization now has a major …. PR nightmare on its hands . If Guilllen’s already outlandish pattern of behavior wasn’t enough of an indication as to what the Marlins were getting themselves into . Then how is it that they couldn’t see this grand mea-culpa by Ozzie Guillen coming down the pipeline ? Ask yourself that ? Rather than simply acting surprised by his latest asinine statement . It is not as if you hadn’t heard Guillen not make a complete ass of himself repeatedly over the course of his managerial career !
Picture gallery for your perusal .
In light of the points raised within this piece do you believe that the Maloofs have acted in good faith throughout this whole process with the city of Sacramento ? And do you now feel that it is time for David Stern to step down from his position as the NBA commissioner ? By all means do leave a comment as you see fit concerning the subject matter and anything else that you believe to be of relevance .
Picture and slide show details below .
(1) Sacramento Kings’ owner George Maloof ,left , with brothers and fellow owners Gavin Maloof , center , and Joe Maloof , right , said that the city of Sacramento hasn’t responded to his 14 questions and objections after he went through the initial terms’ sheet for a proposed new arena . US Presswire / Kevin Terada ………
(2) City of Sacramento Mayor Kevin Johnson , himself, a former successful NBA player and now the city’s chief executive contends that the Maloofs have not acted in good faith concerning a deal to raise financing for a proposed new arena for the Sacramento Kings NBA franchise . It would appear that the team’s ownership has reneged on several proposals made by the city concerning the proposed development . The Maloofs have countered that Kevin Johnson has been duplicitous and less than forthright with regard to the original proposals which would grant the franchise lucrative tax exemptions and amenities that would lessened their tax burden as a commercial enterprise within the municipality . AP Photo / Chris Wright ….
(3) David Stern ,left is seen here with Sacramento City Mayor Kevin Johnson and Joe Maloof , a part owner of the Sacramento Kings . The three at the time met in Johnson’s office to discuss the proposed new $391 new venue for the NBA franchise . AFP/ Keith Matthews …
(4) (4) Sacramento Kings head coach Keith Smart gestures to his team in the fourth quarter of an NBA basketball game against the Oklahoma City Thunder in Oklahoma City, Friday, April 13, 2012. Oklahoma City won 115-89 . AP Photo/Sue Ogrocki …
(5) Oklahoma City Thunder forward Kevin Durant , center, is fouled by Sacramento Kings center DeMarcus Cousins , rear, as center Chuck Hayes , right, reaches in for the ball in the third quarter of an NBA basketball game in Oklahoma City, Friday, April 13, 2012. Oklahoma City won 115-89. AP Photo/Sue Ogrocki …..
(6) Sacramento Kings center DeMarcus Cousins (5) shoots as Oklahoma City Thunder forward Serge Ibaka , right, defends in the first quarter of an NBA basketball game in Oklahoma City, Friday, April 13, 2012. AP Photo/Sue Ogrocki … ….