Anaheim mayor says city excited, “closer” to landing Kings

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As expected, the Anaheim City Council postponed action Tuesday night on a plan to float bonds that would make upgrades to the Honda Center — redoing the locker rooms and building a practice facility among other things — to lure the Sacramento Kings to town.

But for the first time an Anaheim city official spoke publically about the effort — Mayor Tom Talt addressed the issue at the council meeting, reports the Orange County Register.

“The good news is that we are continuing to move closer to bringing a professional basketball team to Anaheim,” Tait said. “Because there are ongoing discussions and negotiations, I have just a few details to share tonight. More information will be forthcoming in the next week or so.”

Meanwhile, up in Sacramento, that city’s mayor — former NBA player Kevin Johnson — called the process a “slow death” and said this “will likely be the Kings’ final weeks in Sacramento after 26 years” in a personal blog post.

Talt did talk about one detail, confirming that the plan was to keep public money out of the deal.

“First, I can tell you that a financing structure is being proposed that would allow for private investment to fund improvements at Honda Center,” Tait said.

“We have all seen the speculation in the media, but I want to assure everyone that should a deal go forward, the city taxpayers and the city’s general fund will not be put at risk in any way,” he added. “All of my colleagues on the City Council and city staff share my concern that the taxpayers cannot be exposed to any risk with this potential new deal.”

What this likely means is revenue bonds — where private investors purchase the bonds and are paid back, with interest, on money generated from the building. In this case, the extra money generated when the Kings — likely to change their name to the Royals — move into the Honda Center.

Because the city of Anaheim ultimately owns the Honda Center, it will likely have to guarantee the loans in some fashion — investors are big on guarantees, they want their money back — but that can be set up in a way that there are multiple layers of sources of funds in between the revenue falling short and the city having to pay.

The revenue may not fall short of paying off the bonds. However, selling a notoriously fickle market (the NHL’s Ducks are in the bottom 10 in the league in attendance and percentage of building filled) after a protracted and ugly NBA lockout this summer may end up being more of a challenge than the Kings owners and the city expect.

Report: Heat not rushing to waive Chris Bosh to keep open trade possibilities

AP Photo/LM Otero
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The Heat were always going to waive Chris Bosh after March 1, assuming a doctor jointly selected by the league and union rules his blood clots are “of such severity that continuing to play professional basketball at an NBA level would subject the player to medically unacceptable risk of suffering a life-threatening or permanently disabling injury or illness.” And Miami, for good reason, seems pretty confident the doctor would make that determination.

Waiting until after March 1 ensured Bosh isn’t eligible for the 2016 playoffs, meaning his salary would be excluded from the Heat’s cap this summer. It would return to Miami’s cap if he plays 25 games (regular season plus postseason) elsewhere, so this guaranteed he wouldn’t have enough time this season.

But we’re well into March, and Bosh hasn’t been waived yet.

What gives?

Barry Jackson of the Miami Herald:

Chris Bosh was scheduled to speak with a high-ranking Heat official this week, as the sides try to move past the rancor created by the Heat’s justified unwillingness to allow him to play after a third blood clotting episode and failed physical last September.

The Heat has no intention of using him in a game but has delayed his inevitable release and removing him from its salary cap (a process that was allowed to begin Feb. 9) for two reasons, according to multiple sources:

• Miami doesn’t need the roster spot just yet, and none of the recent available free agents held great appeal to the Heat.

• More importantly, Miami want to keep alive the not-very-likely possibility of being able to trade Bosh (after the season) to a team that might want to trade something Miami wants or a team that believes he could play or (as was the case before last month’s trade deadline) a team that needed to get to the cap floor. There were preliminary trade inquiries earlier this season.

A team that trades for Bosh couldn’t exclude his salary from its cap, because Bosh’s illness was first known while he played for Miami. He has three years and $75,868,170 remaining on his contract. It’s nearly impossible to see any team dealing for him.

A better guess at the delay: The Heat are exploring using the panels created by the next Collective Bargaining Agreement to handle issues like these. It’s unclear whether he’d be eligible for one, considering he signed and had his medical issue discovered under the current CBA, but the panel could remove his salary from Miami’s cap forever — even if Bosh defies the diagnosis and plays 25 games in a future season.

There are numerous hurdles to going that route, starting with the Heat not being able to begin that process until the next CBA takes effect July 1. That’s also the day free agency begins, so Miami probably doesn’t want have Bosh still occupying cap space as free agents agree to terms.

But the Heat have already come this far with him on the books. It’s worth examining why they’re waiting, and nobody has done that better than Albert Nahmad of Heat Hoops. If you want to learn more, I highly recommend his article on the topic.

Jae Crowder calls out Devin Booker’s teammates for celebrating his 70 points after Suns loss

AP Photo/Stephan Savoia
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Suns guard Devin Booker scored 70 points in a game — both a historic achievement and an inflated accomplishment by a player on a bad team in a loss.

Plenty of NBA players celebrated the former.

Jae Crowder, whose Celtics beat Phoenix in Booker’s 70-point game Friday, emphasized the latter in the comment section of the NBA’s Instagram. And Booker shot back.

Via CSN New England:

The Suns have given up on winning this season. Let them enjoy this fun moment.

It fascinates me how Crowder can be so tough on the court and so sensitive on social media.

Buddy Hield goes 3, steal, 3 in Kings’ incredible comeback against Clippers (video)

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When they were down 18 in the final five minutes against the Clippers yesterday, the Kings faced, by one measure, 10,000-1 odds:

How did Sacramento overcome such daunting odds? Willie Cauley-Stein hit the game-winning putback, but no sequence was bigger than Buddy Hield making a 3-pointer, stealing the inbound pass then immediately making another 3-pointer.

Anthony Davis rattles rim with dunk on Juan Hernangomez (video)

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A sweet-shooting stretch four, Juan Hernangomez has a bright future in the NBA.

It’s not because of his rim protection.