1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

Are the Hornets Going to Stay in New Orleans and the Kings in Sacramento?

Discussion in 'Sports and News' started by LanceyHoward, Jan 26, 2012.

  1. LanceyHoward

    LanceyHoward Well-Known Member

    The NBA paid 308M for the Hornets, which I don't think was a liquidation level price.

    I listened to a Bill Simmons podcast where Stern said there were owners in the league that wanted to contract. By contracting the owners would have to share the large, and expected to grow even bigger, broadcasting revenues into fewer pieces.

    If it was in the financial best interest of the NBA to put another team into a small market like Kansas City I think the league would have already given them an expansion franchise. So why would the financial interest of the league be different in moving the Hornets to KC or wherever?
     
  2. LanceyHoward

    LanceyHoward Well-Known Member

    And I just read that the City of Sacramento plans to sell the municipal parking lots to pay for the new arena and hence subsidize the Maloof's. I can think of no greater incentive to start using mass transportation in Sacramento.
     
  3. Mizzougrad96

    Mizzougrad96 Active Member

    I hope the Kings stay in Sac.

    I think the Hornets will eventually move.
     
  4. Stitch

    Stitch Active Member

    Glendale has a nice arena waiting for an anchor tenant.
     
  5. TigerVols

    TigerVols Well-Known Member

    FWIW, I hear from a high-placed source in Vegas that the Maloofs are getting shellacked on The Palms...their biggest problem? They don't have overseas resorts like Wynn, Shel Adelson and MGM do.
     
  6. Mizzougrad96

    Mizzougrad96 Active Member

    Considering the amount of money the Lakers stand to lose if the Kings move to Orange County, I would think the league will do everything in its power to prevent that move from happening.

    A third team in So Cal makes no sense...
     
  7. Jake_Taylor

    Jake_Taylor Well-Known Member

    What about a third team in NY/NJ? I honestly have no idea if it would work, but I remember reading in one of the financial magazines a while back that the market was actually the most ripe for adding pro teams. I'm guessing the Knicks and Nets wouldn't allow it, but the nice, new arena in Newark is going to be without an NBA team soon.

    The problem with moving the Hornets or Kings there is it would have to be a winner to get any interest in New Jersey.
     
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    The Nets were never that huge in Jersey even when they were winning in the Jason Kidd era.

    They were 26th out of 29 in '01-02 and 23rd out of 29 in 02-03 when they made it to the finals:

    http://espn.go.com/nba/attendance/_/year/2002

    http://espn.go.com/nba/attendance/_/year/2003

    They made it up to 19th in '05-06 and '06-07, which was their peak:

    http://espn.go.com/nba/attendance/_/year/2006

    http://espn.go.com/nba/attendance/_/year/2007

    So even when they were winning, they weren't drawing that great. I'd imagine it'd be even harder for a new team to compete against both the Knicks and the Nets (in their own new arena), even if New Jersey Kings/New Jersey Hornets are in a building that's several years old now.
     
  9. Stitch

    Stitch Active Member

    Just checked for Nets tickets on StubHub. Tickets going for a penny with instant download to several games. I might have to go to a game.
     
  10. Baron Scicluna

    Baron Scicluna Well-Known Member

    Yeah, even with the $5 StubHub fees, and the $4.95 print-off fees, you can get three nosebleed tickets for $9.98.

    Cheaper than going to the movies.
     
  11. LanceyHoward

    LanceyHoward Well-Known Member

    The Maloofs have had to give up all but a minimal interest in their casino to debtors. They are kept around as figureheads.
     
  12. SoCalDude

    SoCalDude Active Member

    There's another high-rise going up next to the Palms. Anybody know if that is part of the Palms or something else.
     
Draft saved Draft deleted

Share This Page