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?
Gregg Popovich seems like a nice, considerate dude with a good head on his shoulders. The San Antonio Spurs coach made headlines this season as a leading advocate against many of the political changes occurring since the election of Donald Trump. He’s a thoughtful guy.
Popovich is also apparently a big tipper. A photo recently surfaced via Reddit and MySA.com that showed Popovich’s signature on a bill that had a $5,000 tip on it.
Nope, not a typo. $5,000.
If you’re ever waiting on Pop, be sure to come back to refill his water as much as you can. It looks like it might be worth it for you.
So you’re saying there’s a chance….
The Bulls have been lost at the once since Rajon Rondo went out with a fractured thumb — Jerian Grant and Michael Carter-Williams have been abject disasters to the point Isaiah Canaan was brought out of mothballs (and played fairly well in Game 4). The smart play would be a no point guard lineup with Dwyane Wade and Jimmy Butler as the ball handlers, but that will wear those guys down and will only work for stretches.
What the Bulls need is Rondo back. And that could happen for Game 5 Wednesday, if not maybe for Game 6, reports Shams Charania of The Vertical on Yahoo Sports, and Marc Stein of ESPN.
Rondo is tough, he might be able to play through this, although it likely would limit his effectiveness, particularly when he has the ball.
The Bulls will take whatever he can give. The Celtics woke up the last two games, and it’s going to be difficult to turn the tide without better play at the point.
The Houston Rockets are in control of their series against the Oklahoma City Thunder, and were up 3-1 heading into Tuesday night’s Game 5 in Texas.
That did not stop what appeared to be Rockets owner Leslie Alexander from complaining to NBA referees. During gameplay. While standing directly next to an official, some 20 feet from his courtside seat.
Congratulations are in order to Bill Kennedy, the official in question, for keeping his cool. Or perhaps he just was so surprised by some dude yelling in his ear from right next to him he didn’t know how to react.
Come June 26, Drake will be on stage in New York City, handing out the NBA’s awards — Most Valuable Player, Defensive Player of the Year, Coach of the Year, and so on. (We need to set an under/over on the number of players Drake hugs that night.)
The NFL does it. The NHL does it. And the NBA has decided to follow suit with a broadcast awards ceremony where everything — except the All-NBA Team — will be announced that night. It’s happening because the broadcast partners want it.
Brandon Jennings is not a fan. Here is what the Wizards’ point guard Tweeted:
Jennings took down a Tweet that said if he had won the award he would have wanted to get it with the organization and his teammates around him. (And no, he knows he’s not winning the award. If you were going to put that in the comments be more creative.)
There’s something to what Jennings is saying. The NBA award roll out was awkward at times in previous years, but it gave the fans a chance to celebrate the awards with their favorite player. Now, everyone will watch it unfold on television from a ballroom in NYC. That feels a little colder. Also, we will get to see the reaction of those who don’t win (particularly this season, where several players can make a strong case for MVP).
It will be interesting to see how this first year goes, and how the league tweaks it going forward. The more than two month gap between the end of the regular season and the awards could feel a bit awkward. But we’re not going to knock the idea until we’ve seen it in action.