Saturday , Mar , 26 , 2011 Hoopsvibe

Anaheim dangling $75 million in front of Kings

Anaheim officials would issue $75 million in bonds to lure the Kings from Sacramento, according to city documents released today.

Link

HoopsVibe’s Very Quick Call: Sacramento Kings fans better enjoy NBA basketball while they can.

Word is the city of Anaheim will give the Maloofs, who own the Kings, $75 million to leave Sacramento and relocate to Disneyland. The money would go to stadium upgrades and moving or ‘transition’ costs.

The money would also ease the cost of any relocation fee to be paid to the two Los Angeles teams, the Lakers and Clippers.

Sadly, the Kings look to be done with Sacramento. A decade ago, Vlade D, C-Webb, White Chocolate, and J-Will were the toast of the NBA.

However, the NBA is now for the filthy, filthy rich. Very rich owners like the Maloofs can no longer compete unless they have modern stadiums to generate sufficient revenue.

Apparently, Sacramento and Arco Arena won’t do. Or, perhaps they just won’t spend taxpayer money on stadiums for basketball.    

–Oly Sandor.

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