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Marcos Breton: Maloofs couldn't afford Sacramento arena deal

6

The Maloofs would have had to take a $67 million loan from the NBA to make a Sacramento arena deal happen – money NBA Commissioner David Stern was ready to pay. The Kings already owe the city about that much and the franchise also is said to owe the NBA anywhere from $75 million to $100 million or more. Adding $67 million in Stern charity would have pushed the Kings debt to around $200 million. The Maloofs own only a bit more than 50 percent of the Kings. Forbes magazine values the team at around $300 million. You do the math: The Maloofs' share of the Kings is worth roughly $150 million and they would have had to take on $200 million to play ball with Sacramento. That's called being underwater, folks.

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