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Before the 1998 season, the Sacramento Kings were the laughing stock of the NBA. When the Maloofs purchased the majority stake of the team, the Kings instantly became exciting and winners.
Fast-forward 13 years later with some bad contracts, some injuries and the bad economy, and the Sacramento Kings almost became the Anaheim Royals.
The Maloofs demanded a new arena or they would move the team elsewhere, and on top of that, they wanted the city to pay for it. The Maloofs also stated that they were one of the teams losing a lot of money, and that they were not willing to sign any players.
I know these brothers are some smart guys, but you have to spend some money in this league to be competitive and make money.
There are a few factors as to why the Maloofs have turned their backs on the city of Sacramento. For one, the Palms has been losing money for years and the financial hardship of the casino has probably put the family in a panic. The Maloofs also have been frustrated with the past few losing seasons after entering the league with so many wins. The lack of fans in the seats and the arena being outdated have put a bad taste in their mouths.
This family has not been willing to spend any money for the past few years and it is evident that it wants out.
The city of Sacramento is willing to build new arena, but need the help of the Maloofs to pay for it. The Maloofs should realize that if they spend some of their money over the next few years on the arena and the team, then they would actually reap the benefits once again.
I appreciate everything the Maloofs have done for us over the years, but these past few years have been brutal. This team is in need of new owners who have the passion to uplift a small-market team just as the Maloofs once did.
The Sacramento Kings have some solid young pieces for the future, but with a little bit of subtracting and adding throughout the organization, this team can be back in the playoffs real soon.