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kangsfan

  • joined Apr 19, 2008
  • last login Jul 23, 2014
  • posts 26
  • comments 3318

A Fan Of...

  • MLB San Francisco Giants
  • NBA Sacramento Kings
  • NFL San Francisco 49ers
User Blog

The financial term sheet for a new $391 million sports arena in the downtown railyard was released...

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The financial term sheet for a new $391 million sports arena in the downtown railyard was released today. Among the new details released were plans for a privately-financed $25 million premium parking facility next to the arena; a $1 fee on every arena ticket that will be set aside for facility maintenance and operations; and terms of a 50-50 split on naming rights and luxury suite revenue between arena operator AEG and the Sacramento Kings. Kings co-owner George Maloof said there are "some things we still have to negotiate" on the deal, but that he is confident it will get done. "Term sheets are not final deals, but there's enough in there that there's a roadmap to getting it done and that's our intention," Maloof told me. "It is our intention to get this done and stay in Sacramento." Maloof would not say which parts of the term sheet still need negotiating. "There are things we need to figure out, which is typical of a term sheet," he said. "There will be things we have to figure out, but I'm sure we'll get it done." However, Maloof did say his family will continue talking to AEG. Under the term sheet, the Kings and AEG would split 50-50 the naming rights deal and luxury suite revenue from the arena. "We're going to sit with AEG and go through some things with them," he said. "There are things that are fair and other things we have to look at." Maloof said the premium parking plan - which calls for arena developer David Taylor to build a 1,000-space facility close to the arena - "was a big deal, we need that." "We're pretty satisfied (with that part of the term sheet)," he said. Maloof said his family is also "pretty comfortable" with both a $1 ticket surcharge to pay for arena maintenance and a 5 percent ticket surcharge to be collected by the city. As reported on Wednesday, the city is being counted on to provide $255.53 million toward the city-owned project, most of it from either privatizing downtown parking or borrowing against future parking revenue. The Kings are being asked to provide $73.25 million toward the project upfront. The franchise will chip another $70 million over the next 30 years by allowing the city to collect that surcharge on Kings game tickets. AEG will contribute $58.75 million to the deal in exchange for keeping much of the revenue from operating the arena. AEG will share part of its profits with the city.

Term Sheet Unveiled

Things I wouldn't wish on my worst enemy

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Thoughts and prayers go out to Robert and his family

But this much can be said with certainty about the involvement of the Burkle Group: NBA...

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But this much can be said with certainty about the involvement of the Burkle Group: NBA Commissioner David Stern is doing backflips back in his Manhattan office. He needed this. He wanted this. He has been waiting years, decades even, for someone with the financial capital of a Ron Burkle to make an appearance in Sacramento.

Ailene Voisin: Bunkle gives Sacramento hope

The replacements for the Olympic pioneers consisted of Mitch Richmond, an expert and versatile...

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The replacements for the Olympic pioneers consisted of Mitch Richmond, an expert and versatile point-maker who didn’t play much defense;

I couldn't help but post this. Hey Charley why don't you ask MJ if The Rock played any D.

I am more than willing to say the Kings are about 25 games away from being on the level in terms of...

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I am more than willing to say the Kings are about 25 games away from being on the level in terms of overall talent in comparison to the Thunder or Blazers, except they are the antichrist version.

Real GM's Chris Reina hands out his draft grades with an amusing take on our squad.

NBA does its best to deny Reke ROY

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Player A: 19.8 Points, 4.3 Rebounds, 7.3 Assists And 1.79 Steals In 14 Games Player B: 19.4 Points, 6.9 Rebounds, 7.5 Assists And 1.6 Steals in 12 Games Seems like an easy decision but what do I know. Reke's a chucker!

EJ out in already in Philly?

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Eddie does his best E-Muss impression

FanPost
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Why I Almost Crashed My Car Today

  I hate to say it but it happened.  As I was driving home from school today, Peaches mentioned something I actually think is a good idea.  This is a rare occurrence as his pure douche baggery...

FanPost
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The View from Section Jew14 (3rd rate kangsfan edition)

  The wife and I attended our third game of the year and hoped for a third victory.  Sadly it wasn't so.  Here's the recap:

FoxSports: KMart is 9th best 2 guard in the league

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I'd place him around 6th or 7th but it's nice to see Kev get the respect he deserves.

Kings Make Right Choice In Evans

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Nothing really shocking here, but pretty much sums up exactly how I feel about the Evans selection. Enjoy...

S&T for David Lee?

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What do you guys think of #4 and K9 for Lee? Not sure we would want to part with both bargaining chips like that but it is worth a discussion.

Kings Make Another Minor Deal to Cut Costs

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Bobby Brown and Shelden Williams for Calvin Booth and Rashad McCants.

Amare won't go just anywhere

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This most likely mean us Ladies and Gents.

1st half Pacific division Report Card

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Jason Williams thinks the Kings are poised to have a better second half. No not that Jason Williams.

Our favorite future All Star gets snubbed again

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Most of these national writers are douche bags but I'm always amazed at how Kmart continually flys under the radar and gets left off lists like these. Oh and sorry if this list has been mentioned on STR before, all these national writers blend into one for me.

A preview of next season by RealGM

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The preview seems to actually understand the mindset of what we all have been discussing about Petrie's plans for the future and gives him the respect he deserves. It may be a little generous even, depending on you optimism. My favorite quoteis from the power forward breakdown: "The good thing for Kings fans is none of these guys will be with the club in two years, and unless Williams’ fiancé rubs some talent off on him, he will be gone too."

Miller Suspended

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Miller has been suspended for violating the leagues anti drug policy.

FanPost
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Ron Ron's Defense

Last night Ron was on the Carmichael Dave show.  Ron neither confirms nor denies the meeting between him, his agent, and GP.  He does however,discuss how he thinks he is in the same class as Kobe...

FanPost
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Fixing Officiating

My Dad and I have discussed this for a while and neither of us can understand a logical reason (other than the cost) for adding a fourth official to every game.  While this may dilute the talent of...

FanPost
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Donaghy says players fixed games

I dive into dangerous territory when I ask (supposing Donaghy is telling the truth)  could the kings themselves have taken part in fixing western conference finals against the Lakers a few years...

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