New owners, false deadlines, more money for the purchase and more money for SoDo land. Your guide to the mayhem.
Another day of moving parts, people and deadlines, almost all reported by unidentified sources in the unprecedented story of of the tug-of-war for the NBA Kings. Here is a condensed version of Friday’s condensation that is obscuring any view of a conclusion to this sordid saga between Seattle and Sacramento:
*NBA.com’s David Aldridge reported that the Maloofs apparently were not serious with the 5 p.m. Friday deadline for the Sactown bidders to deliver a clear, written proposal that matched the offer from Seattle investor Chris Hansen. The Maloofs are willing to wait through the weekend to be delivered a backup offer, should NBA owners vote against the Hansen pitch to relocate the Kings to Seattle.
By Monday, the Maloofs will really, really mean it. Unless Tuesday would be better.
*Only this week did the Maloofs agree to entertain a Sacramento backup offer, and apparently only because Beverly Hills billionaire Ron Burkle, whom the Maloofs don’t like, was forced from the ownership group because of a conflict of interest.
For months, Burkle apparently was oblivious to the fact he couldn’t be a team owner as well as an athlete-management agency owner, a fact that every North Korean school child learns in Imperialism 101 class.
It was not known whether the Maloofs approve of the latest investor recruited to the Sacramento bid group Friday, former Facebook executive Chris Kelly. At least, they have not hit his like button as of Friday night, nor are they helping him with his Farmville project.
*Early Friday evening, the Sacramento Bee, citing an unnamed source, reported that Hansen is “thinking of” adding $25 million to his already unprecedented bid of $341 million for 65 percent of the Kings, a distressed property that he valued at $525 million in January.
By late Friday night on his sonicsarena.com website, Hansen confirmed that he has indeed increased his offer by $25 million, “as a sign of our commitment to bring basketball back to our City and our high degree of confidence in our arena plan, our financing plan, the economic strength of the Seattle market, individual and corporate support for the team and, most importantly, the future of the NBA.”
Told of the possible increase, NBA owners replied, “He what? For that crapcan franchise? Bwahahahaha! Whoooooeeeee!”
*On Thursday it was reported that if Hansen’s bid is rejected, the NBA is expecting the Maloof family to refund to Hansen the $30 million “nonrefundable” deposit he paid the Maloofs. To which the Maloofs responded, “Good luck with that! We put it all on red at the casino, it came up black, and it’s all gone! How do you think we got into this mess in the first place? Ha-ha!”
*Chris Daniels of KING5 reported not only that Hansen likely going to file for a master-use permit with the city as soon as Monday, a first step in pre-development for the arena, he has an option to buy a final parcel of land for the project for . . . $80 MILLION! The six acres he has already purchased were said to have cost him about $60 million.
Has to be the strip club on First Avenue South. The man is making it rain like no storm in Western Washington weather history.
That is all the absurdity for this evening.