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?
Just another magical day in the Valley of the Sun, where clearly Jeff Hornacek was the problem….
During an early timeout in the Suns’ game at Golden State, Markieff Morris tried to explain something to Archie Goodwin, who is seated. This conversation gets heated quickly, and teammates eventually have to step in and separate the two teammates.
The Suns have shopped Morris around as the trade deadline approaches, this isn’t going to help his value.
We should find out more about what happened after the game ends, although I’m sure both sides will play it down as “nothing.”
This is how much Gregg Popovich trusts Kawhi Leonard on offense now: Tie game with 13.3 seconds remaining, and the play design is a 1-4 flat isolation for Leonard. It’s the kind of play teams will call for LeBron James or Kevin Durant. Popovich just called it for Leonard.
And he was rewarded with a game-winning bucket.
Leonard finished with 29 points, LaMarcus Aldridge had 21, and the Spurs head into the All-Star break with a 45-8 record, on pace to win 70 games this season. And that still would only get them a two seed.
Michael Kidd-Gilchrist had been back just six games after suffering a torn labrum in the preseason that required surgery. The Hornets had won four of those six, were playing improved defense, and looked like a potential playoff team in the East.
He went straight to the locker room and did not return to the game (the Pacers got the win).
You can see the injury above. In a scramble for a loose ball, the Pacers’ Ian Mahinmi falls on MKG’s arm, dislocating his shoulder.
We don’t know the severity of all this and if MKG is going to miss time beyond this game. But it isn’t good.
There are no words to describe how sad this is.
Ingrid Williams, the wife of Oklahoma City Thunder assistant coach and former New Orleans Pelicans head coach, Monty Williams, died Wednesday at the age of 44 from injuries suffered in a car accident the day before.
Williams’ car was hit head-on by another vehicle that had crossed over the center divider, according to the Oklahoman.
The Monty and Ingrid had been married more than 20 years and have five children, ranging in age from 17 to 5. Williams is one of the better respected and personally liked coaches around the league, and the tributes have just started to pour in.
Our thoughts are with Williams and his family.