I had no idea the Sacramento Kings cleaned up this well. A report by FOX40’s Jim “Scoopmeister” Crandell indicates that there is now a third group interested in the Kings and a second arena deal in the works.
The third group, which is publicly anonymous for now but known to the Maloofs and NBA brass, is headed by a Nevada businessman. Their intent is to build an arena in Sacramento. They claim they will match any offer by Henry Samueli. Their arena plans involve a 25,000-seat, “community funded, community owned” arena. That’s right, 25,000 seats. The facility would include a 5,000-seat amphitheater and an indoor aquatic center. Obviously there are enough holes to drive a fleet of trucks through at this point, so I’m more than a little skeptical. Regardless, the offer has been submitted so it must have passed some basic scrutiny.
This comes at the same time Samueli and Anaheim have bumped up their offer to the Maloof brothers. The offer now stands as follows:
- $70 million upgrades
- 6-year TV deal, at least $24 million per year on multiple networks
- $75 million loan
The loan and TV parts are the major changes. Is that enough?
Not to be forgotten, Ron Burkle remains in the picture and the ICON group has its arena plans (not related to the aforementioned plan) coming later next month.
The Maloofs are on the fence. They’ll have a tense weekend to make their decision, unless David Stern gives them yet another extension past the Monday deadline. Wouldn’t it be something if, years later, we found out that this was all a ruse to get a new arena in Sacramento for the Kings?