Sacramento Kings arena funding plan to be released Sept. 8

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We don’t know the specifics of how the city of Sacramento plans to pay for the proposed $387 million Entertainment and Sports Complex (ESC), but we do know when they plan to announce those plans.

According to Ryan Lillis of the Sacramento Bee, a menu of funding options will be presented to the public on September 8, with a more detailed report being released on September 13 to both the public and City Council.

According to Lillis:

While precise details of the financing plan are still unknown, Chris Lehane, the chair of the task force, said in a new release this morning that it will include “contributions from both the public and private sectors, including the Kings ownership group, arena developers and operators.”

He also added:

It’s also expected that an arena operator – a company such as AEG – will be approached to help with the construction costs.

While the city of Sacramento’s efforts to keep the Kings have appeared at times to be as desperate as a 55-foot game-winner, the framework for the proposed funding options has been a relative constant, and has always been envisioned to be a mix of private and public funds.

Hotel and airport taxes have been discussed, but more recently the pencil has been sharpened to include user fees such as ticket surcharges and parking fees, in addition to the sale of city-owned properties, corporate sponsorships, and revenues originating from cell phone towers and electronic billboards placed on the ESC.

In short, every dollar will count as they tally up the funds, and the inclusion of a company like AEG to both fund the project and operate the arena sounds like a must at this point. That their name continues to come up in on-the-record and off-the-record discussion is a great sign for Kings fans.

And as we posted in June, the Maloofs liquidated most of their interest in the Palms to enhance their financial flexibility. While they could have done that simply to free up money for their continued involvement in the Palms, as George Maloof said was the case at the time, it stands to reason that being relieved on a $400 million note will help them be able to pitch in.

So where does the rubber meet the road here?

First, the Think Big Sacramento coalition, which includes 70-some odd politicians, businesses, community leaders, and the original grassroots leaders such as Carmichael Dave and Here We Stay — they will need to procure support within the Sacramento City Council, and then also have enough public support to marginalize attacks from any opposition groups. Attacks could come in the form of lawsuits seeking injunctive relief, most likely on the grounds that the use of public funds will require a public vote. The Kings arena effort would likely come up short if a vote is needed, so avoiding such a challenge will depend on the exact nature of the public funds being used and the appetite for opposition groups to go through a costly legal and political fight.

A lot of that appetite will be derived from what the folks in the Sacramento region actually think about this public subsidy. Losing the Kings will necessarily be a blow to the area, and most believe they will not be able to get an NBA team back should they lose this one. In the battle to attract businesses and the new-age worker that values a city’s identity, this could be a defining moment for the entire region.

And that is where the battle for public opinion is taking place. The Think Big Sacramento group is doing a commendable public relations job, with interactive campaigns targeting not just Kings fans, but folks that may be more inclined to see Disney on Ice than five shooting guards and one basketball. Between the town hall meetings, the dominant social media work they’re doing, and local events featuring non-basketball types such as world-renowned artist David Garibaldi (seriously, check out his work) – it’s safe to say that they’re not making the mistakes of the ill-fated arena tax campaign from 2006 that was easily rejected by the voters.

But as with anything else, you have to follow the money, as public funds come with questions about tax allocations, economics, and the like. Today, I spoke with leading sports economist Brad Humphreys (and expert witness in the Sonics vs. Seattle case no less), who has been outspoken about the problems with sports stadium subsidies (as are most of his colleagues), and the takeaway is that this isn’t just a Sacramento issue – it’s a United States issue.

Due to the artificial lack of supply (teams) in the major sports leagues, a De facto monopoly, teams have the leverage to demand public subsidies. If the city of Sacramento wants to belabor the point, the Kings will have a new address in Orange County – and that scenario has played itself out a number of times.

I’ll be scratching together another post about my conversation with this economist, which covered everything from sports subsidies to the Kings to the lockout. Interestingly, he said he wasn’t against the Kings’ arena subsidy, and in one (not yet peer-reviewed) white paper he wrote,

A new state of the art facility integrated in a comprehensive urban redevelopment program and located in the heart of a large city might be expected to generate increases in residential property values in the vicinity of hundreds of millions of dollars within a mile of the facility, if the location, planning, construction, and development are carried out carefully.

While most economists are mostly aligned in saying that no empirical evidence has been found to show that the presence of sports teams and so-called big sporting events (i.e. the Super Bowl) actually bring in additional tax revenue, let alone to cover the cost of the subsidy — it doesn’t mean that the proof doesn’t exist.

Sacramento County had a $40 million reduction in budgetary revenue this year due to the drop in property values in the area, which is money that they’re not getting back. That loss of revenue comes from the fact that people aren’t willing to pay as much to live in the Sacramento region.

So assuming, annually, the county gets the 1% property tax revenue on a theoretical ‘hundreds of millions of dollars (of increased property value) within a mile of the facility,’ this unexplored area of sports economics could answer the question as to why cities continue to ignore economists’ clamoring. While people may spend their entertainment dollars elsewhere (the substitution effect) if the Kings are not in town, they won’t necessarily pay as much to live there. The intangible benefits of living by your favorite sports team or having the option to go to an A-list show – those benefits may be being capitalized in ways economists have yet to find (or in this case, may be on the precipice of finding).

Humphreys took great care to point out that the case of Sacramento is unique, and that cities with downtown revitalization projects have had both success and failure. But in the world of data that economists live by, one thing is clear – they’re simply not ready to buy the economic impact reports that teams are selling, but they’re also not ready to rule out that the sports subsidy could be a good thing.

After all, everybody is doing it.

We meet again: Cavaliers, Raptors back together in postseason

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CLEVELAND (AP) We The North vs. We Are The Champions.

One round earlier than a year ago, Toronto and Cleveland are meeting again in the NBA playoffs.

On the way to winning their first title last season, LeBron James and the Cavs took care of the Raptors in the Eastern Conference finals, a series that was tied 2-2 before Cleveland won the final two games. The teams finished this season with identical 51-31 records and their history makes for an intriguing May matchup.

“They know us,” James said, “and we know them.”

After sweeping Indiana in the opening round, the Cavs will have waited a full week before Monday’s Game 1 tips off at Quicken Loans Arena, where Cleveland is 15-1 against conference opponents over the past three postseasons.

The down time gave James and his teammates a chance to recharge, heal some nagging bumps and bruises and prepare for a Toronto team that not only added Serge Ibaka (acquired from Orlando in February) and P.J. Tucker (acquired from Phoenix at the trade deadline) this season, but is looking for revenge after having its season ended by Cleveland in 2016.

These Raptors don’t want that to happen again.

“We’ve got some fighters and scrappers,” coach Dwane Casey said after Toronto eliminated Milwaukee in six games. “The guys are going to compete. We make it hard on ourselves sometime, but at the end of the day we’re going to go down swinging.”

They submitted last year in Game 6 at home, when James scored 33 points with 11 rebounds, six assists and three blocks in Cleveland’s 113-87 win.

“He canceled Christmas,” Casey said earlier this season. “One of these days … one of these days.”

For the Raptors to knock off the Cavs, whose shaky defense still showed some significant holes against the Pacers, Toronto stars DeMar DeRozan and Kyle Lowry will have to be at their best.

“The two-headed monster,” Cleveland coach Tyronn Lue said.

DeRozan averaged 23.5 points per game in the opening round against the Bucks, and may need to bump that into the 30s for the Raptors to have a chance.

Toronto lost three of four against Cleveland this season with the only win coming in the season finale, when Lue rested James, Kyrie Irving and Kevin Love.

Here are some other things to keep in mind as James takes another step toward a possible seventh straight trip to the Finals:

ROAD WARRIOR: James loves the road, where he has won at least one game in a record 27 consecutive playoff series.

The three-time champion revels in the discomfort of being booed and hated.

“Home cooking is great; love the home fans for 14 years,” he said. “But I love playing out on the road more than I love playing at home. It’s just a weird thing. I love the adversity. … It’s the bunker mentality of knowing it’s 15 guys plus the coaching staff and whoever there that’s traveled with us against the whole state and the whole city.”

Or in this case, all of Canada.

KYLE IS KEY: Lowry is back to full speed after missing 21 games following surgery on his right wrist. He averaged 14.3 points and 5.2 rebounds against the Bucks, but the Raptors will need more from him to dethrone the Cavs.

Lowry might be able to exploit Cleveland’s suspect perimeter defense and lack of a true rim protector by driving to the basket.

FREE-THROW WOES: After making a career-low 67 percent of his free throws in the regular season, James went only 22 of 38 (58 percent) from the line in the opening round.

None of his misses was too costly, but the pressure only intensifies from here with every make and every miss meaning more.

DEMAR THE STAR: DeRozan can get his shot off any place, any time. Like they did with Paul George in the first round, the Cavs are expected to focus their attention Toronto’s best player, harassing him with double teams to make him give up the ball.

“He’s one of the best one-on-one players in our league right now, and he does a good job of getting to the free-throw line,” Lue said. “His mid-range jumper is automatic and he can also get to the basket where he’s very athletic. He’s a tough cover and we just want to make him make field goals and not free throws and make it hard on him.”

ON THE MOVE: James has been climbing various lists all season and he’s still rising. He enters the series 60 points behind Kareem Abdul-Jabbar (5.682) for the second place on the career postseason scoring list. Once he passes Mr. Sky Hook, next on the list is His Airness, Michael Jordan (5,987).

More AP NBA: apnews.com/tag/NBAbasketball

Wizards’ Markieff Morris rolled his ankle so hard he “thought it was broke” (VIDEO)

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The Washington Wizards dropped Game 1 of their semi final round against the Boston Celtics on Sunday. A big part of that loss was the absence of Markieff Morris, who turned his ankle with just a few minutes to go in the first quarter.

Morris was shooting a jumper from the left elbow extended with Boston’s Al Horford contesting. Horford didn’t give Morris enough of a chance to land, and a foul was called.

The video of Morris’ ankle turning is pretty gross, especially if you’re a basketball player, so just be forewarned.

Via Twitter:

After the game Wizards coach Scott Brooks said he did not have an update on Morris’ status but that they would see how he was feeling on Monday.

Morris, meanwhile, said he initially thought he had broken his ankle.

Speaking to MassLive.com, Morris said as much:

“This was my worst one,” Morris said. “I kind of twist my ankles like this, that’s my injury, an ankle twist. But this was by far the worst one. I honestly thought it was broke. They got the swelling to go down a whole lot, but it almost was like the size of a softball.”

Game 2 of the series is in Boston on Tuesday.

Utah’s depth, 26 from Gordon Hayward lift Jazz to Game 7 win 104-91, eliminates Clippers

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This ended up being a series — and a Game 7 — about depth.

Without Blake Griffin, the Clippers depth was tested and faltered, particularly on the offensive end. The Clippers scored just 15 points in the third quarter of Game 7 as the Jazz took a comfortable lead. Los Angeles shot 6-of-25 (24 percent) from three in Game 7. J.J. Redick was a non-factor. A Los Angeles offense that averaged 110.3 points per 100 possessions during the season was at 94.7 in Game 7 and 107.7 for the entire postseason

Utah, on the other hand, had their star center Rudy Gobert in foul trouble all game — he played 5 minutes in the first half, 13:26 for the game, and finished with just one point. Gordon Hayward, Utah’s leading scorer on the season, started the game 4-of-14 through three quarters (but played a strong fourth and finished with 26 points).

The difference was Utah got a huge Game 7 from Derrick Favors, who had 17 points and 11 rebounds, that made up for what the Jazz lost with Gobert. George Hill added 17 points at the point for Utah, which had seven players in double figures. They found ways to get offense from sources other than their brightest stars.

Combine that depth with the fantastic defense the Jazz played all season and the result was an impressive 104-91 win in Game 7 on the road. Utah beat the Clippers three out of four games in Staples Center this series (and Los Angeles picked up one in Utah).

The win advances the Jazz to take on the Warriors starting Tuesday night in Oakland.

The game was also the final one in an amazing 19-year career for Paul Pierce. The Clipper forward said he would retire at the end of the season, and he is bound for the Hall of Fame.

However, this series was more about depth and how the teams handled adversity due to it.

Utah struggled with injuries all season — their preferred starting five played in just 13 games together in the regular season due to injuries. That led to guys learning new roles, learning how to adapt, and play in different combinations — all things that mattered against the Clippers and in Game 7.

“It was a battle, the whole series was a battle,” Gordon Hayward said after Game 7. “Tonight was no different. It was fun out there, though. Especially competing with my teammates, with what we’ve been through this year with injuries and everything, it’s just a great win for us.”

The Clippers lost one of their big three when Blake Griffin went down with a foot injury that required surgery. Los Angeles has a top-heavy (and expensive) roster that lacked the depth to make up for it or adjust to Griffin being out.

“Not having Blake is a major wound. Obviously, you take your best scorer, your second best rebounder, your second best passer off a team,” Clippers coach Doc Rivers said postgame. “But give Utah credit, they won this series.”

For the Clippers, the entire series became about Chris Paul needing to do everything — and he almost did. The Jazz were aggressive defensively trying to take the ball out of CP3’s hands Sunday, and he still had 13 points and 9 assists in Game 7, he pushed his team as far as he could, but he was 1-of-7 from three and the other Clippers shooters did not step up.

“They trapped him a lot, the same thing they did last game, to be honest,” Rivers said. “We just didn’t move the ball great as a whole group. I thought CP was great overall, he got a little tired, I thought a couple guys did… we just had such a short rotation it was very difficult. But I thought they did a great job trapping and I didn’t think we did a very good job of, after CP got rid of the ball, attacking back. I thought we lost our trust a little bit, we’d catch it and throw it back to CP instead of attacking.”

Paul was blunter in his assessment of himself.

“I’ve got to be better, especially in a Game 7 like this,” Paul said.

To be fair, Paul tweaked his ankle in the third quarter, and while he played through it he was never quite the same after.

This loss leads to an interesting offseason for the Clippers where Griffin and Paul are expected to opt out of their contracts and become free agents, joining J.J. Redick, Marreese Speights, and Luc Mbah a Moute. The Clippers are expected to bring back Paul on a five-year max contract, but this loss could be the one that has management thinking it’s time for something new — does Clipper owner Steve Ballmer want to foot the luxury tax bill that would come with one of the highest payrolls in the league to run this back?

“We’ve been reading our obituary for three months,” Rivers said.

For the Jazz, it’s just another step up the ladder for an improving young team. Now they get to test themselves against the best in the league, starting Tuesday night at Oracle.

Move over Charles Barkley: Giannis Antetokounmpo has the worst NBA golf swing (VIDEO)

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Look, nobody is expecting an NBA player of Giannis Antetokounmpo‘s length to have a pretty golf swing. He’s the kind of tall that I wonder if golf science is even able to make clubs long enough for him that are still mechanically sound.

But that didn’t stop the Milwaukee Bucks star from hitting the driving range recently, and boy is his swing bad. Like, Charles Barkley bad.

Watch at your own risk, it is not pretty.

Via Instagram:

Giannis Antetokounmpo, aka the Greek Freak, knows he should stick to basketball. 😂😬(via Snapchat/g_ante34)

A post shared by Golf Digest (@golfdigest) on

That’s cool, at least Antetokounmpo knows the deal.

That’s the thing about golf anyway. It’s not about how good you are, it’s about realizing at what level you suck at it.