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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.

Hawks get another playoff shot at King James and Cavaliers

at Philips Arena on April 1, 2016 in Atlanta, Georgia.  NOTE TO USER User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.
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ATLANTA (AP) A year ago, Atlanta’s magical season ended with a resounding sweep by Cleveland in the Eastern Conference final.

Now, the Hawks have another shot at LeBron James and the Cavaliers.

Feeling confident after an opening-round victory over Boston, the Hawks returned to practice Saturday to begin preparations for the best-of-seven series.

Game 1 is Monday night in Cleveland.

The Hawks were the top-seeded team in the East last season after a record 60-win campaign. It didn’t do them much good against the Cavaliers, who steamrolled Atlanta in four straight games.

Even though they slipped to 48 wins and fourth in the conference, the Hawks actually sound a bit more confident heading into this matchup, largely because of their improved defense and rebounding.

Report: Warriors to replace Luke Walton from outside the organization

MILWAUKEE, WI - DECEMBER 12: Interim Coach Luke Walton of the Golden State Warriors talks on the sideline during the second quarter against the Milwaukee Bucks at BMO Harris Bradley Center on December 12, 2015 in Milwaukee, Wisconsin. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mike McGinnis/Getty Images)
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For the second consecutive year, the Warriors have lost their lead assistant to another team. When the Pelicans hired Alvin Gentry during last year’s playoffs, Steve Kerr promoted Luke Walton to associate head coach and added former journeyman big man Jarron Collins to the bench. Now that Walton is headed to the Lakers as their next head coach, the Warriors will go outside the organization to find a replacement, according to ESPN.com’s Marc Stein. And one name that will likely not be in the mix is David Blatt, who very nearly became an assistant under Kerr in 2014 before being offered the Cavaliers’ head job.

Given Walton’s success this season as interim head coach while Kerr recovered from back surgery, this will undoubtedly be the most attractive assistant job in the league.

Report: Luke Walton’s Lakers contract is for 5 years, $25 million

DENVER, CO - JANUARY 13:  Interim head coach Luke Walton of the Golden State Warriors leads the team against the Denver Nuggets at Pepsi Center on January 13, 2016 in Denver, Colorado. The Nuggets defeated the Warriors 112-110. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Doug Pensinger/Getty Images)
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In the last few years, NBA head coaching salaries have skyrocketed, and new Lakers coach Luke Walton is no exception. According to the Los Angeles Times‘ Mike Bresnahan, Walton is getting $25 million over five years, which is the same as Steve Kerr’s deal with the Warriors, now-former Knicks coach Derek Fisher’s deal in New York, and Fred Hoiberg’s deal with the Bulls.

This kind of money has become standard for head coaches who don’t also have front-office power. Tom Thibodeau and Stan Van Gundy both get between $7 and $8 million annually to do both jobs. Given how good Walton’s current situation with the Warriors is, the Lakers probably had to be on the high end of the coaching spectrum to get him to leave.

Luke Walton says he won’t run the triangle as Lakers coach

at American Airlines Center on December 30, 2015 in Dallas, Texas.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)
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On Friday night, the Lakers announced that they’re hiring Luke Walton as their next head coach, effective as soon as the Warriors’ playoff run is over. It’s a good hire, but it’s especially interesting given Walton’s close relationship with Phil Jackson and the rumors that never seem to go away, that Jackson might be set up to return to the Lakers to run the team alongside fiancée Jeanie Buss after next season, when he has an opt-out in his contract with the Knicks.

But that doesn’t mean Walton will be running the triangle, as he said in his first comments to reporters since the news broke.

Via the Orange County Register‘s Bill Oram:

Regardless of whether Jackson eventually gets back in the picture in Los Angeles, Walton has been a successful assistant in Golden State and has the right temperament to lead the Lakers into the post-Kobe era.