It's fancy digs for the front office and a luxury hang-out for the players.
By fancy, do you mean real wood furniture, phones, plasma tv's and playstations? These might be fancy or lavish for you, but this is what I have in my home. Would it make you feel better if they had sauder furniture, an Atari 2600, and a Curtis Mathis console TV (vintage 1979). Last I checked, if you buy a new TV above 27 inches it has to be some kind of plasma/DLP/LCD. Even the hottubs and sauna rooms are available to most homeowners at a reasonable cost if they have the space. Unlike the Kings, office space for the NBA team will be inside the new Ford Center so we won't have to pay for a phone in each office at the practice facility. In fact, maybe they could just put in a pay phone.