August 23, 2004
Maloof! Maloof is on fire!
A month after storming out of a city council hearing that was discussing using public funds to pay for half of a new basketball arena, Sacramento Kings co-owner Joe Maloof issues a new counteroffer: the Kings would pay 20 percent, take it or leave it. Maloof then levied an odd threat, saying that the 16-year-old Arco Arena "still serves a purpose, but in five years there will be no way it will be NBA-approved." I've never heard of any required NBA seal of arena approval, but I guess it'd be one way for team owners to pass the blame buck: Hey, it's not us threatening to take your team away, it's that bad man David Stern! Give us $280 million and we'll send him to the cornfield!
Posted by Neil deMause
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