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03-25-2013, 09:54 AM
  #589
superdeluxe
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Field of Schemes breaks down the term sheet:

http://www.fieldofschemes.com/2013/0...venue-machine/

Quote:
What is potentially a snag here: What the Sacramento city council will be voting on, as soon as this Tuesday, isnít actually this financing plan. Rather, itís just a nonbinding term sheet for a financing plan, which means there will be need to be another council vote down the road to actually approve the money. And while a positive council vote this week would certainly be a good sign for the NBA, the league is going to have to be at least mildly concerned that if it rejects the Kingsí move to Seattle in April, this Rube Goldberg scheme of a finance plan could be discovered to be unworkable before it came to an official vote, and then everyone would be back where they started.

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