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

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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.

Dwight Howard played through torn MCL and meniscus in playoffs

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Dwight Howard hasn’t exactly been healthy in recent years. He missed half of last season with various injuries, including a two-month stretch from January to March after undergoing a knee procedure. On Thursday, he told a Houston radio station that the knee problems continued after that, and he had torn ligaments and cartilage during the Rockets’ Western Conference Finals series against the Warriors:

It’s a little alarming that we didn’t hear about this until now. Sometimes these injuries can heal without surgery, but Howard can become a free agent next summer, so you would think he would want to get any lingering issues addressed ahead of time. Considering his age (he’ll be 30 in December) and his injury history, this isn’t a great sign. A healthy Howard is the difference between the Rockets being a legitimate title contender and an als0-ran, so hopefully these problems are behind him and he can stay healthy this season.

Report: Trevor Booker suspended one game for Hibbert altercation

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On Tuesday night, Jazz big man Trevor Booker was ejected from a preseason game against the Lakers for taking a swing at Roy Hibbert during a scrap.

Now, Yahoo’s Adrian Wojnarowski reports that Booker will be suspended one game for the hit, meaning he’ll miss the Jazz’ October 28 season opener against the Pistons:

Considering he was already ejected, a one-game suspension seems about right.