Bid too low and other latest news, rumors, etc.
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The Kings play their last game on the 17 and the Board of Governors meets on the 18 and the 19. How long it will take for the league to approve the sale to Mastrov is any interesting question. We just have to take it one step at a time right now. And there shouldn't be too many personal changes until the years over now considering we past the trade dealine and we're about a month away from the year being over.
Nothing positive about anything Stern said. KJ promised a "competitive offer" but Stern said it is not even close to what they want.
I am thinking it is in the $350 million range which is how much he was reported to have a month or two ago. They probably want around $425 million. These are my assumptions.
I am thinking it is in the $350 million range which is how much he was reported to have a month or two ago. They probably want around $425 million. These are my assumptions.
Truth be told I'm mildly surprised at this development.
Perhaps part of the strategy. Make it look like you've made an effort to come up from your initial offering.
Still, this is no indication that M/B aren't absolutely serious. Hansen still can't ever counter.
Maybe this is part of the plan to make it look like Stern wasn't guiding the Mastrov missile from the beginning. Now that I think about it, it would have looked suspicious if M/B had come in right at like 1 mil over the Hansen bid.
There may be a non-disclosure stipulation in the Hansen bid that prevents Stern from saying "hey, just come in at 'wink-wink' around this price."
Bottom line, this little presser tells me the ****ers are gaming each other to the max!
EDIT: Ok, now re-thinking... still confused actually... can't think of why they wouldn't just come right in with a bid that would get it done? Brick... say something smart here.
Perhaps part of the strategy. Make it look like you've made an effort to come up from your initial offering.
Still, this is no indication that M/B aren't absolutely serious. Hansen still can't ever counter.
Maybe this is part of the plan to make it look like Stern wasn't guiding the Mastrov missile from the beginning. Now that I think about it, it would have looked suspicious if M/B had come in right at like 1 mil over the Hansen bid.
There may be a non-disclosure stipulation in the Hansen bid that prevents Stern from saying "hey, just come in at 'wink-wink' around this price."
Bottom line, this little presser tells me the ****ers are gaming each other to the max!
EDIT: Ok, now re-thinking... still confused actually... can't think of why they wouldn't just come right in with a bid that would get it done? Brick... say something smart here.
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I'm alarmed. After all this faith I had that they wouldn't screw up the bid, they screw up the bid. Yes, Stern is looking out for us but what if there is no more money? Either Burkle needs to come up with something unless there is a conflict of interest or they better get on the phone and call the Philippines.
I see nothing clever about this and I don't have a clue why bidding $1 mil over H/B would look suspicious. If you know the amount you have to beat, beat it! After all this work, this is a screw up.
I see nothing clever about this and I don't have a clue why bidding $1 mil over H/B would look suspicious. If you know the amount you have to beat, beat it! After all this work, this is a screw up.
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Really frustrated by this. This was a concern from the start and with all the "kj and the whales know what to offer a wont screw this up" discussion, I've always been concerned that Mastrov and burkle wouldn't be willing to overpay too much for a team in sac. I know we are going to try and spin this as some secret stern plot but this is a very bad development.
Very disappointing. Only encouraging thing about this is that Stern appears to want us to make a comparable bid. But then again, we kind of knew that. Disappointing that the offer isn't a legitimate one. Let's hope they get their act together and make a serious offer. It would suck to lose the team over a "few" million dollars.
I'd rather have Stern say that Sac "preliminary bid" falls short of Seattle bid NOW and not have final bid get rejected flat at BoG meeting. This still gives Sacramento shot to up their bid so they have what it takes to win in the end. Still, this development can't be see as anything but disappointing as Mastrov plus Mayor KJ had Seattle bid in hand and you'd think would have crossed every T and dotted every I - well in advance.
Highly disagree. If Seattles bid is exorbitant and not market value, our whales shouldn't be forced to match or beat it to keep this team, nor should there be a precedent of cities losing their teams because wealthy outsiders overbid for the teams and move them.
With that being said it is disturbing that the offer isn't even competitive, because other owners certainly won't void this Seattle bid if the offer isn't even in the ballpark
Just guessing here but I suspect the Mastov offer was based on market value in Sac with the idea that the BOG may simply disregard the numbers when considering the move. Stern has now made it clear the two issues are inextricably linked. The good news is that he has also made it clear what the local guys need to do to keep the team. The man has left KJ and company a treasure map now they just need to follow it.
really bad news, i think stern may be trying to turn kjs PR the other way.why else would say in a press conference that the sacramento bid was not competitive. he could have said that behind closed doors, i dunno i pray im wrong and mastrov comes back stronger but i dunno anymore, after being so confident.
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