The Seattle Kings? Microsoft’s Ballmer’s move highlights Sacramento’s paranoia

Leave a comment

In the end, this story is really more about the state of mind in Sacramento than it is about reality in Seattle.

Recently, Steve Ballmer — one of the guys in on the ground floor of Microsoft, the man who was the company’s spokesman for many years — sold off some of his shares of Microsoft stock and put a lot of cash in his pocket. And by a lot of cash, we mean a billion dollars. Yes, with a “B.”

Ballmer is a big basketball fan, he was one of the guys trying to get Key Arena renovated in a way that would have kept the Sonics in Seattle.

Meanwhile the Kings can’t get a new arena is Sacramento built. Ergo… this report from NCWN:

Ballmer has never been shy about his love for professional basketball, and led an effort to renovate Key Arena before the Sonics left for Oklahoma City.  
 
Is he now interested in the Sacramento Kings?
 


”I don’t put much stock in it,” said Bob Graswich, a spokesperson for the Sacramento Mayor’s Office. “We know there are guys out there like Mr. Ballmer. We know those guys can write a check, but will they?”

Not that Ballmer couldn’t, but there really is nothing here to base this on other than the paranoia that is running through Sacramento now that plans for a new arena fell through. It didn’t help that David Stern said the NBA league office was washing its hands of the Sacramento arena situation.

But on the ground in Sacramento, there is worry. They took the Kings out of Kansas City in 1985, and now there is a beautiful new NBA ready building in KC. There is talk of building a new arena in Las Vegas (although that faces monumental hurdles). There is Seattle and… look, a lot of places would like an NBA team.

The article drips with that concern — Sacramento has one big pro sports team and they feel like they could lose it. Rightfully, because they could lose it.

But not to Ballmer in Seattle. Probably.

Ex-financial adviser gets 4 years in federal prison for defrauding Tim Duncan

J Pat Carter/Getty Images
Leave a comment

SAN ANTONIO (AP) An ex-financial adviser to retired San Antonio Spurs player Tim Duncan has been sentenced to four years in federal prison for defrauding the former NBA star of millions of dollars.

Federal prosecutors say 49-year-old Charles Banks of Atlanta was sentenced during a court hearing Wednesday in San Antonio.

A judge also ordered Banks to pay $7.5 million in restitution.

Banks had pleaded guilty in April to one count of wire fraud.

Investigators say Banks manipulated Duncan -who retired last year after five NBA championships with the Spurs – into guaranteeing payment of a $6 million debt related to a merchandising business.

Prosecutors say Banks failed to disclose commissions and loans he received in the deal.

Banks is set to report to federal prison as early as Aug. 28.

Lakers exercise David Nwaba’s $1.3 million contract option

AP Photo/Mark J. Terrill
2 Comments

EL SEGUNDO, Calif. (AP) — The Los Angeles Lakers have exercised their $1.3 million contract option on guard David Nwaba for the upcoming season.

The Lakers announced the move Wednesday.

Nwaba earned a job with the Lakers after they called him up from their D-League affiliate on Feb. 28. The rookie averaged 6.0 points and 3.2 rebounds per game while impressing Luke Walton’s coaching staff with his hustle and defensive play.

The Lakers signed him to a new contract with a multi-year component just three weeks after his NBA debut.

Nwaba is a local product, attending University High School in West Los Angeles and Santa Monica College before finishing his college career at Cal Poly.

Stephen Curry to play Web.com Tour’s Ellie Mae Classic

AP Photo/Eric Risberg
5 Comments

HAYWARD, Calif. (AP) — Two-time NBA MVP Stephen Curry is set to test his golf game against the pros.

The Web.com Tour said Wednesday that Curry, coming off his second NBA championship with the Golden State Warriors, will play in the Ellie Mae Classic at TPC Stonebrae on Aug. 3-6.

It’ll be the first PGA Tour-sanctioned event for Curry, who has competed in various celebrity events and pro-ams. The top 25 on Web.com Tour’s regular-season money list will earn PGA Tour cards.

Curry will maintain his amateur status, competing on an unrestricted sponsor exemption in the event that benefits the Warriors Community Foundation.

Hall of Fame receiver Jerry Rice played in the event in 2011 and 2012. He missed the cut in 2011 with rounds of 83 and 76 and withdrew in 2012 after playing 27 holes in 23 over.

Also Wednesday, Nissan’s upscale Infiniti brand announced that Curry would be its new global brand ambassador. The point guard will be featured in ads for the Q50 sports sedan beginning this summer.

Report: Clippers never committed to offer Chris Paul five-year max contract

12 Comments

The Clippers projected to be able to offer Chris Paul a five-year, $201 million contract that would have culminated with a $46 million salary in his final season.

Did they offer that much before sending him to the Rockets?

Just as one side is trying to pin all the Clippers’ problems on Doc Rivers and Austin Rivers, the Clippers surely want to spin Paul’s exit to another way – that they shrewdly chose when to part ways rather than that they lost the best player in franchise history due to nepotism.

David Aldridge of NBA.com:

Ramona Shelburne of ESPN:

If Paul really wanted that five-year max, he could have pushed harder for it by bringing counter offers to the Clippers in July rather than engineering his way to Houston before free agency even began.

Would the Clippers have eventually relented and offered the five-year max? We can never know for certain.

But it’s pretty clear why the Clippers would want this version out there. Accurate or not, it makes them seem far more on top of things and is less likely to taint them with free agents they covet in 2018.