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Posts Tagged ‘NBA’
Tags: Baseball, basketball, football, hockey, MLB, Money, NBA, NFL, NHL, Team Valuations
Tags: Anaheim, Anaheim Royals, basketball, Kings, NBA, relocation, Royals, Sacramento, Sacramento Kings
I’m unfortunately still without a computer, so I can’t really go into too much depth on this. However, as it involves the Sacramento Kings, I figured that I should include mention of it here.
The Maloof family, owners of the Kings, have filed for several trademarks in the event of relocation to Anaheim. As expected, if they moved to Southern California, the Kings seem intent on changing the name of the franchise so as to not run into potential difficulties with the NHL’s Los Angeles Kings. As per a report by ESPN, the Maloofs are looking into their pre-Kansas City past to return to their original name, the Royals.
More information on this development can be found here: http://es.pn/hhsp5q
Hopefully I’ll be able to go into a greater level of detail in the near future.
Tags: Anaheim, Kings, NBA, relocation, Sacramento, Sacramento Kings
Earlier in the week, I wrote an article about the rumors swirling around the Sacramento Kings and the Atlanta Thrashers over the possibility of the teams relocating. Today, the rumors around the Sacramento Kings grew significantly more serious. NBA officials have confirmed that the Kings have requested an extension to the rapidly approaching March 1st filing deadline to give notice of their intention to relocate for the next season. NBA officials have not yet confirmed if they will grant this extension, purportedly requested to give the franchise more time to consider their options, but this development is clearly the strongest indicator that we’ve seen so far regarding the intentions of the Kings. This is no longer a rumor. The Kings clearly want out of Sacramento. This is no mere bargaining ploy.
The way the news got out seems to highlight the fissure that has grown between the Maloof family, the current owners of the Kings, and the Sacramento municipal government. Sacramento mayor Kevin Johnson, himself a 12-year veteran of the NBA, reportedly claimed that he heard about the Kings request from the media, and not from the team ownership. Johnson was quick to express his dismay at the situation, as well as his determination to fight any relocation by the Kings. Sacramento area residents have already been fighting the potential move, organizing a $150,000 campaign to raise awareness of the downsides of a Kings move, including putting up billboards against the proposal.
If the NBA agrees to extend the notice deadline for the Kings, they will have until the April 14-15 meeting of the league’s Board of Governors in New York City to weigh their options. If they do decide to move to Anaheim, where they would play in the Honda Center (already the home of the NHL’s Anaheim Kings), they would still need to receive the approval of the Board of Governors before they can officially move. This could very well be an uphill battle for the Kings, as the Lakers have already expressed their opposition to a third NBA team being added to the Los Angeles metropolitan area. Additionally, the Board of Governors has the right to attach a relocation fee if they so desire, meaning that they could easily make any potential move to Anaheim cost-prohibitive for the Kings.
All of this gives clear reason why the Kings would want an extension to the March 1st deadline… they want more time to drum up support among the rest of the NBA before they proceed. The Kings organization is undoubtedly calling other NBA teams around the clock trying to gain support for the move (and likely opposition to a prohibitive relocation fee) while the NBA is considering the extension request. If the Kings find significant opposition to a potential move to Anaheim however, that doesn’t necessarily mean that the Kings would be content to stay in Sacramento. Other cities have been identified in the media as having been in communication with the Kings, including Las Vegas, San Jose, and Louisville, Kentucky. Of these, Las Vegas would seem to be the least likely potential home for the Kings, despite the Maloof family having interests in the city, as they don’t have an NBA-caliber arena. The other two cities, on the other hand, have facilities readily available for an NBA team. In San Jose, the Kings could share the HP Pavilion with the NHL’s San Jose Sharks. In Louisville, the Kings would have two options; sharing the massive, state-of-the art KFC Yum! Center (potentially a contender with the Jobing.com Arena in Glendale as the worst named sports facility in North America) with the University of Louisville’s basketball teams or playing in the older, but completely open, Freedom Hall.
Regardless, expect this story to change very, very quickly. March 1st is just around the corner, so will have to hear about the decision on whether or not to grant an extension in the next couple of days. Sadly for Sacramento basketball fans, all of this should seemingly indicate that the odds are against the Kings staying in the California state capital for much longer. It seems very unlikely that the team would be so willing to obviously antagonize their home city if there was any doubt in their mind that they could stay put.
Tags: Anaheim, Atlanta, Atlanta Thrashers, basketball, Canada, hockey, Kings, NBA, NHL, relocation, rumors, Sacramento, Sacramento Kings, Thrashers
STORY UPDATE – The situation regarding the Sacramento Kings has since changed. For more information on the Sacramento Kings request for a deadline extension, please go HERE.
I was expecting to just sit back, relax, and enjoy a nice, long day of watching hockey today, but pretty much as soon as I woke up I noticed not one, but two relocation rumors circulating the web. When it comes to any sports relocation rumors, you need to obviously take them with a grain of salt. However, these are surrounding two teams that are oft-discussed as potential relocation candidates and the stories have been picked up by various major media outlets, including the New York Times, USA Today, and ESPN, so I think that the discussion of both teams is obviously worthwhile here on SportVotes.
The first rumor is surrounding the Sacramento Kings of the National Basketball Association. According to ESPN reporter Marc Stein, and seemingly confirmed by NBA commissioner David Stern, the Kings are in close negotiations with the city of Anaheim over the possibility of moving from the state capital to the Orange County for next season. Any such relocation proposal would need to be submitted to the NBA by March 1st, so the Kings are really on the clock if they are actually considering this move.
For those that don’t know, the Kings are a team that have already relocated three times over the course of their long history, having existed previously as the Rochester Royals (1945–57), Cincinnati Royals (1957–72), and the Kansas City/Omaha Kings (1972–85) prior to finally moving to Sacramento. No matter where they go however, the franchise just never seems to be able to find sustainable success and are currently experiencing what will soon become a six-decade championship drought. In the quarter century they’ve spent in their current home, the Kings have appeared in the playoffs ten times (including an impressive eight-year streak from 1999-2006), but have only won their division twice. They’ve been stuck out of the playoffs for the past four seasons and have been suffering from declining attendance during that time. Couple that drop in attendance with the team’s belief that they play in an outdated facility, the ARCO Arena (set to be renamed to the Power Balance Pavillion on March 1st, oddly enough the exact same day as the already mentioned deadline to give notice to the NBA for a possible relocation for next season), and you have a classic recipe for relocation.
The Kings have been pushing for years for the construction of a new, state-of-the-art arena in downtown Sacramento. They had planned on eliciting partial public support for the proposed-$600 million arena, but in 2006 voters overwhelmingly rejected a pair of ballot measures which would have created a 15-year quarter cent sales tax increase for the funding of the new arena. With this avenue for revenue blocked, the Kings and the NBA approached the California state fairgrounds with a plan that would include a potential landswap and various other measures to allow for a new facility to be built on their grounds. In 2010 though, this too was shot down, leaving the Kings with the firm belief that they had to consider the possibility of relocation. Ever since then, the Kings have been in highly publicized and speculative meetings with various municipalities, including Las Vegas, San Jose, and Louisville, Kentucky on the possibility of moving the team.
On February 19th however, during the All-Star Game festivities in Los Angeles, the relocation discussions appeared to have gone from speculative to probable, as NBA commissioner David Stern admitted that the Kings were currently in discussion with the city of Anaheim and that the team had inquired the NBA about the potential to relocate. While the threat of moving a franchise has long been used as leverage to successfully gain public funding for new arena construction projects, these appear to be actual serious discussions. Couple that with the short timetable between when the discussions became publicized with the notice deadline for any potential relocation, which stands at just a little over a week from now, and from all perspectives this appears to be a serious threat over a mere bargaining ploy.
If the discussions actually move to fruition, the Kings would likely play in the Honda Arena, home of the NHL’s Anaheim Ducks. An interesting name discussion might also arise if the relocation goes through, as the Los Angeles metropolitan area already has another franchised named the Kings, the Los Angeles-based NHL team, which plays a mere 30 miles to the northwest of their prospective home in Anaheim. While there have been past examples of teams in the same area having the same name (such as the former examples of the St. Louis football and baseball Cardinals and the New York football and baseball Giants), it would be a unique rarity in sports today. In fact, the Sacramento Kings also have a history of changing their name in acquiescence of another team, as the franchise became the Kings so as to not have the same name as the Kansas City Royals of the MLB when they relocated, despite the fact that the basketball team had existed in other cities long before baseball team had even been founded.
But, that would be a discussion for another day.
The next team that has been rumored recently is the long-troubled Atlanta Thrashers of the NHL. While the rumors circulating around the Kings appear to be at least relatively substantive, the rumors about the Thrashers are much more speculative, albeit still significant. The Thrashers have existed in Georgia since they were founded as an expansion franchise in 1999. Since their foundation though, the Thrashers have been a troubled franchise, having only made it into the playoffs once in their time in the league. Combined with attendance figures that have been near the bottom of the league for years with their very low franchise value, which has been ranked 121st out of 122 major professional sports teams in North American in both 2009 and 2010, and you can see why the Thrashers have long been rumored on the league’s chopping block for potential relocation.
Despite recent high profile moves by the team in adding to their roster to try to make it to the postseason this year, including signing assistant captain Dustin Byfuglien to a five-year, $26 million contract, recent news has also spread the flames of rumors surrounding the potential for relocation. Court documents released in January have shown that the current ownership group has been hunting for potential investors and part-owners unsuccessfully for the past six years. And, as recently reported on the NHL Network, the league is apparently getting involved in actively trying to get a new majority owner to buy the team in the next 6-8 weeks, indicating that, if a new ownership group is not found in that time frame, they might be willing to open the door for relocation talks to other cities.
While the NHL obviously does not want to give up on the ninth largest market in the United States, they also appear to not want to repeat the mistakes they’ve made (and are currently making) in Phoenix with the Coyotes. The Thrashers are already hemorrhaging money and facing a distinct disinterest from local sports fans, almost a mirror image of what has already been happening in Arizona, and the league apparently does not want to be stuck holding the tab for yet another southern white elephant.
This, of course, has fed the flames of one of Canada’s favorite pastimes over the past decade, speculating over potentially adding another team up north. Centered mostly around Winnipeg and Quebec City, both of which lost NHL franchises in the 1990’s, hopes for new Canadian teams have been fiercely stoked over the past couple years. Most recently, hundreds of Quebec City residents traveled south to Long Island to attend a game between two of the most oft-discussed relocation candidates, the New York Islanders and the Thrashers. Former-Nordiques fans rallied throughout the game to get their support for relocation heard by both teams, much to the resentment of Islanders fans in the arena. Additionally, a primary reason for both Winnipeg and Quebec City losing their franchises in the first place, not having available up-to-date arenas, has mostly been solved in both municipalities, as Winnipeg already has the ultra-modern, though smallish, MTS Centre, and Quebec City recently approved partial municipal funding for an NHL-caliber arena, which is currently in the process of being designed.
Given the very short time table for both teams, we can definitely expect to hear much more on this in the coming days and weeks. If you asked me to rank which one was more likely, I would have to go and say that the Kings relocating is definitely the more probable option, given the NBA’s already shown willingness to allow teams to relocate over stadium issues versus the NHL’s fierce defense of unprofitable teams. However, if the rumors about the NHL not wanting to face another Phoenix situation are true, then the impetus to search for an ownership group to move the team elsewhere could very have have legs of its own as well.