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Maloof Cup's big payouts lure skaters
USA TODAY, May, 2008 by Sal Ruibal and Beau Dure
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The Maloof family is famous for owning the NBA's Sacramento Kings and the ultra-hip Palms Casino Resort in Las Vegas. Now Joe and Gavin Maloof are challenging ESPN's XGames franchise with the world's richest skateboarding-only event.
Two years in the planning, the three-day, six-event Maloof Money Cup is scheduled for July11-13 in Orange County, Calif., perhaps the hottest hotbed of skating in the nation.
The Money Cup is aptly named: the Maloofs are offering $450,000 in prize money.
The event has been recognized as the national championship by World Cup Skateboarding.
"We're stoked to see that kind of money coming into skateboarding," World Cup President Don Bostick told TransWorld Skateboarding magazine. "We were a little leery at first, but as our discussions progressed we saw it as an opportunity for skateboarders to really have a chance to go big."
The ...
