Hard to know where this is going - if anywhere - but a Sacramento radio station reported that Ducks owner Henry Samueli met recently with the Maloof brothers about relocating the NBA Kings to Anaheim. The report has Samueli offering a $100 million loan to help cover the cost of relocation - as well as assist the Kings owners in managing their debt. No comment from Samueli. From the Register:
In Samueli's proposal or offer sheet, the radio report said the Maloofs would maintain ownership of the Kings, but if they defaulted on the $100 million loan, Samueli would assume a percentage of Kings ownership. The Maloofs have been openly listening to relocation proposals - San Jose, Seattle, Kansas City and Las Vegas also have expressed interest - because the owners have been unable to secure a new arena in Sacramento to replace the antiquated Arco Arena, renamed the Power Balance Pavilion earlier this week.
If the Kings decided to move to Anaheim, the team would have to pay a $30 million relocation fee to the NBA, as well as territorial rights fees to the Lakers and Clippers (estimated to be between $30 million and $50 million to each team). The Maloofs also have a reported $68 million loan with the city of Sacamento that would cede partial ownership to the city if the loan went into default. A majority of NBA's owners also would have to approve a relocation, not a slam dunk considering there are already two NBA teams in the Southern California market.