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

5 Comments

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.

Rockets’ Clint Capela on Warriors: ‘I expect to beat them’

Getty Images
Leave a comment

During the 2014-15 season, Rockets star James Harden said the Warriors “ain’t even that good.”

Golden State went on to reach the last three NBA Finals, twice beating Houston in the playoffs, and win two championships.

The Rockets have since re-tooled around Harden, Chris Paul and several quality role players and are in first place. Houston looks like the biggest threat to the Warriors in the Western Conference.

Rockets center Clint Capela on the Warriors, via Dave Schilling of Bleacher Report:

“I expect to beat them,” Capela says.

That’s a fine sentiment. Saying it publicly is another matter. Not even Harden did that a couple years ago. He was recorded during a pregame team huddle.

There’s a fine line between self-fulfilling confidence and providing bulletin-board material to the opponent. There’s already some animosity between the teams stemming from the Stephen Curry-Harden MVP race in 2015, and it has bubbled since. No matter how harmless Capela’s remark might have been intended to be, it’ll be met contentiously in the Bay Area.

PBT Extra Player of the Week: Victor Oladipo

Leave a comment

Oklahoma City traded for Victor Oladipo out of Orlando to be their third scorer, behind Kevin Durant and Russell Westbrook. It didn’t exactly work out that way, Durant bolted town and when Westbrook went off Oladipo was looking for a place to fit in.

That place turned out to be the Pacers.

Oladipo has been playing like an All-Star this season with Indiana, and last week he was key in snapping Cleveland’s 13 game win streak, then turned around and dropped 47 points on Denver. For the week he averaged 35.7 points a game, shot 45.7 percent from three, plus grabbed 7.7 rebounds per game.

That will get you named the PBT Extra Player of the Week.

Watch Pacers fan boo Paul George during introductions (video)

1 Comment

Paul George – who told the Pacers he’d leave in free agency, prompting them to trade him to the Thunder – expected boos in his return to Indiana.

Pacers fans delivered.

They’ve also booed him every time he has touched the ball, which will certainly persist.

John Wall returns for Wizards-Grizzlies

AP Photo/Nick Wass
Leave a comment

WASHINGTON (AP) — Point guard John Wall was in the Washington Wizards’ lineup Wednesday night against the Memphis Grizzlies after missing nine games with a sore left knee.

Coach Scott Brooks said Wall would play in the mid-20-minute range, perhaps a bit more.

The Wizards (14-13), currently in first place in the Southeast Division, went 4-5 in Wall’s absence.

“He such a force offensively,” Brooks said of Wall. “He’s a two-way player and he’s one of the few guys in the league that can find open 3-point shooters going 100 miles an hour in transition.”

Wall, 27, is averaging 20.3 points and 9.2 assists per game.