maloofs-kings

Maloofs give up part of casino to erase debt, is that good for Sacramento?

1 Comment

The conventional wisdom has been that part of the reason the Maloof brothers worked so hard to move their Sacramento Kings to Anaheim was to deal with debt problems — they were so overrun with debt in other areas of their lives they needed to moved the Kings to a higher-revenue place.

That may not have been true — there were signs to the contrary — but it is all moot now. The Maloofs have wiped out their debt problems at the Palms in a deal with creditors, according to the Sacramento Bee.

The owners of the Sacramento Kings have surrendered controlling interest in their Las Vegas casino, in a deal that they say improves their finances considerably.

After months of negotiations, the Maloof family announced Tuesday that it has reached a “recapitalization” agreement with the Palms Casino’s main creditors, investment firms TPG Capital and Leonard Green & Partners.

Co-owner George Maloof said the deal erases the Palms’ debt but leaves the family, which built the trendy casino a decade ago, with less than 50 percent of the equity. That gives controlling interest to TPG and Green.

The Maloofs still have a share of and will operate the trendy casino.

What does that mean for the chances of the Kings staying in Sacramento? Hard to say, but if you believe that the Maloofs debt was the pressure forcing the move to Anaheim, then that pressure has been relieved. Which should give Sacramento a better chance. George Maloof told the Bee that the family is in a much better financial place now with this deal.

But it really all comes down to the plans and financing for a new arena. If that can get approved, in whatever form, the Kings will stay. If not, we’re all going to Disneyland.

Isaiah Thomas nutmegs Knicks center Marshall Plumlee (video)

1 Comment

Isaiah Thomas usually saves his best play for the fourth quarter, but the Celtics guard showed out early with this pass between Marshall Plumlee‘s legs to get Kelly Olynyk a layup.

Thomas uncharacteristically just didn’t have enough late. Though he scored 39 points, he shot just 2-for-9 in the final period, as the Knicks pulled away for a 117-106 win.

Kevin Durant misses dunk so hard, ball flies past halfcourt (video)

1 Comment

Kevin Durant played great in the Warriors’ win over the Thunder last night, but – perhaps fueled by excess emotion – he missed this incredibly emphatic dunk attempt.

Later, Russell Westbrook showed his former teammate how to do it (sparking their apparent conversation):

James Harden outduels Giannis Antetokounmpo as they produce fantastic highlight video

Leave a comment

James Harden and Giannis Antetokounmpo met in a battle of two of the NBA’s best point guards. (Still weird to say.) The final lines:

  • Harden: 38 points, 6 rebounds, 8 assists, 2 blocks
  • Antetokounmpo: 32 points, 11 rebounds, 6 assists, 3 blocks

The winner? Harden and the Rockets, who topped the Bucks, 111-92.

But the real winner? Anyone who gets to watch this highlight video. It just gets better as it goes.

PBT Extra: Who do you want to see most in first All-Star Game?

1 Comment

Tonight the NBA All-Star Game starters will be announced. Then the coaches have a week to vote and the rest of the roster will be put together by them.

This year should see a few first-time All-Stars, guys bursting on the scene and grabbing fans attention — so we asked people on Twitter who they most wanted to see in his first All-Star Game and I break it down in this PBT Extra.

The winner? Giannis Antetokounmpo with 45 percent of the vote. Which shouldn’t be a surprise, he’s second in the fan voting for the frontcourt in the East (behind only LeBron James). Good news for those fans, the Greek Freak is almost guaranteed to be a starter, he’s getting plenty of media votes and likely a lot from the players as well.

Second place in the poll? Joel Embiid of the Sixers. I’d love to see him, but will players and media members vote in a guy on a minutes restriction? Will the coaches pick him for that same reason? He is on the bubble.