We expect the Sacramento Kings arena news to pick up now that we’re about three months away from the March 1 deadline for the city to have funding in place. That deadline has put Kevin Johnson and his Think Big Sacramento effort on a tight, tight schedule, but so far they appear to be on track.
Johnson may have gotten a small amount of breathing room on Thursday, however, when Joe and Gavin Maloof said that there may be some flexibility with their March 1 deadline (courtesy of Cowbell Kingdom):
“I’m sure we’ll always have flexibility,” said the oldest of the Maloof siblings. “The league has always been flexible … so I don’t know about that (a firm deadline.). There are a lot of people working in a positive vein this time, where before, there was a lot of negativity. But everybody is on board. So we’re optimistic guys. We want to get it done here in Sacramento.”
Added Gavin Maloof:
“We’re very happy to be here. Obviously the city and the fans have meant a lot to us over the last 12-13 years of our ownership.”
This doesn’t mean that the Maloofs are going soft here, but it does mean that if there is genuine progress that some leeway will be given. That occurs when there is trust, and Johnson has brought a new level of credibility to the table for a city that hasn’t cared about retaining an NBA team. And let’s be honest, trust also comes when one brings together a who’s who list of heavy hitters that can get an arena built.
Of course, trust can also be built when one man twirls another man in front of thousands.
Johnson and AEG president Tim Lewieke will meet with NBA commissioner David Stern on Friday, who is handling the negotiations for the Maloofs. After the lockout and Chris Paul fiascos, Stern finally has some time on his hands and chances are we’ll have a good idea of where each side stands shortly.
The NBA, the Maloofs, and AEG are all expected to pitch in for the $406 million price tag, but the question is how much. The Sac City Council voted 7-2 on Tuesday to formally secure proposals from parking lot operators that could free up $200 million or more toward the effort. Some or all of this will be combined with the sale of city land, user fees, and other creative funding sources. Rob McAllister and Jonathan Santiago out of Sacramento also reported Thursday that more funding sources are popping up, which is what happens when inertia moves toward critical mass.
Pretty soon each side will have to lay their cards on the table, and if it doesn’t happen in full on Friday night it will be soon thereafter.
Thursday the Maloofs appeared to be cautiously optimistic that Johnson will deliver the goods. Heck, they appeared downright jovial, and why wouldn’t they be? Fan interest in Sacramento is at a recent high-water mark, and they’ve had the second-highest group sales in the league.
But more importantly, they’re about to get a bunch of money from large market owners. When asked if they were happy with revenue sharing they could barely contain their relief:
“Yes, yes … very, very happy,” said Gavin. “It’s increased probably four or five times from what it was. It enables small market teams to compete with large market teams, and I think it’s closing that gap.”
So what once looked like a full court shot attempt has slowly gotten closer. After months of wrangling, many have said that getting the deal done is now a 3-point shot. After Friday’s meeting, perhaps it will be a free throw. Whatever the case may be, these are not the same brothers that stormed angrily out of the New York Board of Governors meeting in May. They’re happy, loose, and it appears like they truly want to stay in Sacramento. If you’re a Kings fan reading tea leaves, the events of the past week have all been good signs.
We’ll see if everybody is still happy after Friday.