There’s a deal on the table to kill professional basketball in Sacramento.
Anaheim city officials Friday released an unsigned lease proposal between the city and the Sacramento Kings involving owners the Maloof brothers, and Honda Center operator Henry Samueli. From SBNation.com:
The centerpiece of the agreement is an upfront $50 million loan to the Maloofs, who own the Kings franchise. The loan would actually be made by Samueli, but paid for immediately by bonds issued by the city of Anaheim. Samueli would be on the hook to repay bondholders, and the lease agreement includes a process for the Maloofs to pay Samueli back. A city staff report recommending approval of the bond issuance says that taxpayers would not be put at risk.
The bond issuance also includes $25 million for Honda Center renovations, including a practice facility and locker rooms. The Maloofs are expected to face hefty relocation fees due to encroachment on the Lakers’ and Clippers’ Los Angeles market. The Maloofs also have an outstanding $70 million loan from the city of Sacramento to pay immediately upon relocation.
via Potential Anaheim Lease For Sacramento Kings Released; Centerpiece Is $50 Million Loan – SBNation.com.
The details of this arrangement make it clear that the Maloofs aren’t negotiating from a place of strength. They’re taking on further loans, not getting substantial stakes in concessions, parking, etc. and are surrendering leverage to Samueli. Which would make you wonder why this deal is so important for them until you realize how bad things must be in Sacramento financially in order to push the owners into considering this unsigned deal.
Another pivotal part of this agreement is that there’s no risk to Anaheim tax payers. The issuance of bonds to cover the expenses for renovation of the arena means that the city can more easily pass the agreement through the city council who won’t be on the hook for a tax increase. Granted, there will still be concerns from citizens considering the dire circumstances of the city’s finances, but when has that ever stopped a government body from doing something impulsive?
Jose Calderon has won three Olympic medals – silver in 2008 and 2012 and bronze this year.
Just three men’s basketball players have won more:
- Carmelo Anthony (three golds and a bronze for Team USA)
- Gennady Volnov (a gold,* two silvers and a bronze for the Soviet Union)
- Sergey Belov (a gold* and three bronzes for the Soviet Union)
Calderon, who turns 35 next month, won’t catch them.
O. Cauchi of Sportando:
Veteran point guard Jose Calderon has officially announced his retirement from Spanish NT.
Calderon barely played in Rio. Spain is stacked at point guard with Sergio Rodriguez, Ricky Rubio and Sergio Llull.
The Lakers aren’t as deep at the position with D'Angelo Russell and Marcelo Huertas. Calderon might have a bigger impact in Los Angeles – especially if he’s not saving himself for Eurobasket 2017.
Craig Sager skipped the Rio Olympics to prepare for a bone-marrow transplant.
As he awaits that procedure, the famed sideline reporter provided an update on his outlook.
Sager, via I.J. Rosenberg at AJC.com:
“I have met life’s challenges by climbing the Great Wall of China, riding with the bulls in Pamplona, sailing the Pacific Ocean with Ted Turner, jumping out of airplanes over Kansas, hang gliding off the cliffs of Mexico, bungee jumping atop a tower in San Antonio, and swimming with the sharks in the Caribbean.
“I have run the bases with Hank Aaron after No. 715, thrown out the first pitch at Wrigley Field, graced the cover of ‘Sports Illustrated’, and received the Jimmy V perseverance Award at the ESPY’s. I have covered eight Olympiads, dozens of Super Bowls, 24 Masters, and NBA games too numerous to count.
“I continue to live life full of love and full of fun the only way I know how.”
Fight on, Craig.
The Pistons will start Reggie Jackson at point guard, and they signed Ish Smith to provide better backup at the position.
The competition for the third point guard spot is heating up.
With Lorenzo Brown and Ray McCallum already signed to unguaranteed deals, Detroit is adding undrafted Old Dominion guard Trey Freeman.
Michael Scotto of Sheridan Hoops:
The Pistons have just 14 players – one shy of the regular-season roster limit – with guaranteed salaries. The final spot will very likely go to a point guard.
Brown and McCallum should be favored in the competition, because they’re more NBA-ready. A president/coach, Stan Van Gundy is more prone to covet the player who can step in immediately.
Freeman’s partial guarantee is likely designed to entice him to play in the D-League for a low base salary. The Pistons can waive him in the preseason and then assign his D-League rights to their affiliate, though he’d become an NBA free agent.
Freeman is working to become a better distributor after playing as a go-to scorer in college. A solid mid-range shooter, he must extend his range beyond the arc. It’d also help if he got to the rim more, and it seems he has the bounce to do that.
For an undrafted player, he has nice tools. They’ll probably just need to be refined in the D-League.
But even if that’s the intention, Freeman at least gives himself a chance first of upsetting Brown and McCallum in the race for third point guard.
With 32 wins and missing the playoffs, last season wasn’t exactly what the Knicks hoped for. However, last season also came with hope in the form of Kristaps Porzingis.
And there were highlights. Check out the team’s Top 10 plays, courtesy NBA.com.
It starts with some Derrick Williams moments, and ends with a Jose Calderon game winner, but there are moments from players the fans actually like in between.