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Maloofs Remain Committed To NBA Kings Despite Mounting Losses
Published February 12, 2009
|Maloof Refused To Cite A Figure, But Sources
Indicate Kings Could Lose $25M This Season
WATCHING COSTS: In Sacramento, Sam Amick reported Kings employees are not "allowed to work overtime anymore. No OT at all will be approved." The Kings TV crew "has been cut in half," and the Kings' media relations department "now travels one representative instead of the previous two." Also potential trades "can not add to payroll. Period." Amick: "There's so much more to come it's not even funny" (SACBEE.com, 2/11). SLAM magazine's Marcel Mutoni wrote under the header, "Money Trouble Could Spell The End Of Sacramento's Kings" (SLAMONLINE.com, 2/10).
OWNING UP: The SACRAMENTO BEE's Voisin wrote Kings co-Owners Joe and Gavin Maloof "can end the angst simply by standing and shouting, by slamming the door, by reassuring a community that has hugged its professional franchise for the better part of three decades." The Kings "belong to Sacramento." Voisin: "Say it out loud, again and again. The best owners in professional sports don't savor the good times and then split when the team hits its downward cycle and the economy slumps." The Maloofs are "suffering, but they have enjoyed a pretty sweet ride" since acquiring the team in '99. Voisin: "Quality owners and civic leaders don't cut and run during the tough times, which is why I believe the Maloofs will bite their nails, swallow their losses and jump back into the new arena tussle" (SACRAMENTO BEE, 2/11).