Sunday, May 1st, 2011 at 8:00 am  |  2 responses

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Kings Relocation: The Cost of Freedom

Is the grass really greener for Joe and Gavin in Anaheim?

by Jonathan Santiago / @itsJONsantiago

How much money really do the Maloofs stand to gain by moving to Anaheim?

With a little math using the known-financial data available to us from various sources, we can come up with a rough estimate.

The Spoils of Anaheim

Not included is the $70 million in upgrades to the Honda Center covered by its chief operator, Henry Samueli.  That financial figure, reported by the OC Register, doesn’t go to the Maloofs.  Rather it goes in the pockets of construction companies who will improve the arena’s existing infrastructure with a new practice facility and NBA-ready locker rooms.

What Exists in Sacramento

This list does not include the estimated profits generated by Power Balance Pavilion’s premium sales (courtside seats, luxury suites and balcony boxes).  SLAM was unable to attain that information.

It’s important to note that the $10 million in corporate commitments secured by KJ would be added on top of the existing $20 million in corporate partnerships.  The sum of those parts paints an overall picture of the Kings’ business base in Sacramento.

The Costs of a Move

The grand total of these three debts combined?

A whopping $302 million.

To keep things in perspective, the Kings are currently valued at $300 million according to a recent estimate by Forbes.