Source: Raiders Stadium Will Cost $200M Less Golden Knights' Practice Facility To Be Top-Flight St. Louis MLS Investors Hopeful Funding Vote Passes Georgia State Updates Turner Field Construction Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions
SBD/September 25, 2013/Facilities
NBA Kings Unveil "Indoor-Outdoor" Concept For New Downtown Arena
Published September 25, 2013
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DIESEL FUEL: In Sacramento, Marcos Breton writes O'Neal's arrival "typified the unrelenting momentum behind the new Kings ownership to remake a franchise almost killed by its previous owners." Breton: "Just consider how all the Kings horses and all the Kings men (and women) are now on the same team as Shaq." Business, labor, and politicos from "both sides of the aisle are united." The California Legislature "couldn’t get a big overhaul of California environmental laws passed, but the regulations were tweaked to prevent pesky lawsuits from derailing the Sacramento arena that Shaq now wants." Senate President Pro Tem Darrell Steinberg "pulled the strings like a master on that one." Breton: "Think the governor won’t sign on?" (SACRAMENTO BEE, 9/25). ESPN L.A.'s J.A. Adande wrote, "Shaq gets it. He always did get it, at least when it came to business." He understood that a "career in sneakers, even a lucrative, Hall of Fame-worthy career, wasn't enough." He always "pursued outside interests, sought to broaden his profile and expand his business portfolio." Buying into an NBA franchise is "both a financial and symbolic victory." Teams might have "outrageous labor costs and lose money on an annual basis, but the long-term payoffs are outstanding" (ESPNLA.com, 9/24).
DOUBLE DUTY: In N.Y., Richard Sandomir notes O'Neal "will continue to work" as an analyst on TNT's "Inside The NBA" studio show. O'Neal said that he had the "time for both jobs and saw no potential conflicts of interest." But a studio analyst who "owns a small part of a team raises the appearance of conflicts if, for example, he does not divulge what he knows about a player because he is an insider." O'Neal: “I’m not going to hold nothing back because I’m a part owner." TNT has "permitted such arrangements before." Magic Johnson as a part owner of the Lakers "was a studio analyst for TNT before he moved to ESPN, where he plays a similar role." Steve Kerr also "stayed a TNT game analyst when he became a part owner" of the Suns (N.Y. TIMES, 9/25).