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Mayor Kevin Johnson releases arena funding report, will the Maloofs and NBA bite?

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The plight of Kings fans, who came within an inch of losing their only major professional sports team, may be coming to a crossroads today, when the Think Big Sacramento coalition led by mayor Kevin Johnson releases their arena funding proposal to the public. All they have to do is come up with a plan to raise $387 million that keeps everyone happy. No biggie.

Sacramento Bee columnist Marcos Breton got the scoop on it, and released his report in the early morning hours on Thursday:

What is the guiding principle of Sacramento’s new plan?

That’s right: A virtual split – this time in thirds – among the private interests of an arena, the public and the arena’s patrons….

What you will see in today’s arena presentation are plans for three different funding pots to generate the $387 million or more needed to get an arena built. According to people familiar with the document, the Kings, the NBA and a private developer would contribute $91 million to $156 million in lease payments, upfront money, land and other revenue to pay for an arena.

The city of Sacramento would contribute the sale of public land, a tax on hotels and taxis, and money from items such as digital advertising and parking valued at $94 million to $123 million.

And, while residents in the six-county Sacramento region will not be asked to raise their taxes to subsidize a new arena, patrons of the venue will help pay for it. The third pot of money will be fueled by ticket surcharges, naming rights and other revenue sources that could generate $90 million to $121 million.

Kings fans and those tracking how and why the NBA operates the way it does will want to watch how the parties react to this report. Much of the Think Big Sacramento campaign has been orchestrated to a presidential degree, leaving no doubt to the positions of the heavy hitters involved – including companies such as AEG, the ICON-David Taylor group, and of course, the NBA and the Maloofs.

The Maloofs appear to be impotent in this discussion, as some league insiders have openly acknowledged that their future in the NBA will be determined by their ability to get an arena deal done.

The bottom line with this report is that the Kings and the NBA have been asked to foot a third of the cost. Whether that amount will be amicable to them given the whirlwind of interests controlling the matter is entirely debatable. On one hand, NBA owners do not want to see the league telling them what to do, and on the other hand, the Lakers, Knicks, and Bulls of the league don’t want to hear that (allegedly) broke owners can move into their backyard.

And, separately, while arena subsidy opponents scream blood murder, the reality is that top-flight cities have no leverage. They can clamor for leagues and owners to pay their own bills, but the folks in Sacramento would have to do that with an Anaheim Royals press release wiping their tears.

As for the Maloofs being able to contribute rental payments and/or in general, they recently liquidated their majority interest in the Palms Casino down to 2 percent with the option to buy back another 18 percent, in a financial transaction that could easily pave the way for another (Ron Burkle) speculator to come in and take over their team if they get elbowed out. They continue to assert their leverage, albeit with more discretion than they have used in the past, but in reality, David Stern knows where the bodies are buried. And as SB Nation’s Tom Ziller points out, the NBA has been working diligently to get an arena deal done – so they’re not going to stand for grandstanding when diplomacy is needed.

My take – we’re looking at a firm but fair offer from the City of Sacramento. They’re strapped just like most American cities, and this is their first offer. If this dance plays out like every other negotiation we’ve been witness to in our lives, expect the Maloofs and/or the NBA to say that the city’s request is ‘over the top,’ and they’ll waltz to equilibrium.

Giannis Antetokounmpo sprints from behind to reject John Wall dunk (video)

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There’s a lot to like about Giannis Antetokounmpo.

Maybe his most impressive ability? How quickly he covers ground.

Report: Brooklyn Nets GM search down to finalists

NEW YORK, NY - NOVEMBER 25:  The Brooklyn Nets logo adorns center court prior to the game against the Portland Trail Blazers at the Barclays Center on November 25, 2012 in the Brooklyn borough of New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Bruce Bennett/Getty Images)
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The Brooklyn Nets remain without a general manager. With the trade deadline less than a week away. Meaning simply, when you hear rumors the next week of a blockbuster Nets trade dismiss them, they aren’t going to be doing that because they don’t have anyone in the big chair to make that call.

Someone may be in the big chair before the deadline, however. (Not soon enough to make a significant deadline deal, however.) The Nets are down to a few finalists for the job, reports Chris Broussard at ESPN.

The frontrunners are believed to be two-time executive of the year Bryan Colangelo, Denver Nuggets assistant GM Arturas Karnisovas and San Antonio Spurs assistant GM Sean Marks….

Nets owner Mikhail Prokhorov told ESPN.com on Wednesday that his search committee’s first round of interviews is over, and they were in the process of compiling a short list of candidates.

Any of those men can do a good job — if they are given the space by Prokhorov and his people to make moves and rebuild the organization without meddling or pressure to do things quickly. Prokhorov says he wants a quick turnaround for his 14-40 team, but it was his pressure on former GM Billy King to put together an immediate title contender with no regard for the long term that put the Nets in the hole they are in now.

Let’s hope he and his people have learned their lessons and they let the basketball people make the basketball decisions.

Worst dunks in All-Star Dunk Contest history? We got that video.

at Verizon Center on February 5, 2016 in Washington, DC. USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.
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The All-Star Saturday Dunk Contest has brought some memorable moments — Dr. J and Michael Jordan gliding through the air, Dwight Howard in a Superman cape, Nate Robinson showing off serious hops, through last season and Zach LaVine re-energizing the event with his athletic throw downs.

But there have been some duds, too — and from some elite dunkers. Here is a highlight mix of the worst, which is almost as much fun as the best. Enjoy, then tune in for hopefully more good than bad from Toronto Saturday night on TNT when LaVine and the dunk contest return.

Reports: Cavaliers look to trade for shooters such as Ben McLemore, Kyle Korver

NEW ORLEANS, LA - JANUARY 28:  Ben McLemore #23 of the Sacramento Kings shoots a free throw during a game against the New Orleans Pelicans at the Smoothie King Center on January 28, 2016 in New Orleans, Louisiana. The Pelicans defeated the Kings 114-105. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Stacy Revere/Getty Images)
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The Cleveland Cavaliers have looked at their roster, have seen the Golden State Warriors up close, and are thinking they would like to add a shooter on the wing at the trade deadline.

Multiple reports have the Cavaliers actively looking around on the trade market, although whether they can get anything done before the Feb. 18 deadline remains to be seen. At the top of the list is Sacramento’s Ben McLemore, reports Chris Haynes of the Cleveland Plain Dealer.

The Cavaliers, among with a handful of other Eastern Conference teams, have strong interest in trading for Sacramento Kings guard Ben McLemore, league sources told cleveland.com…

The Kings have declined overtures for their young 3-point marksman. But with the direction and state of the organization, external pressure could come into play when it comes to potentially moving talent. It’s widely known within league circles that agents have been pushing to get their clients out of Sacramento with the franchise embroiled in dysfunction and turmoil.

This sounds like a leak from an agent more than something the Kings are open to. McLemore swings between showing promise and being disappointing nightly. He’s athletic, he can defend well, he’s shooting 37.2 percent from three this season, but he also takes mental vacations during games (especially on defense), and he can be a turnover machine. The Cavaliers feel if they can get him in their system they can provide a better environment for development than Sacramento.

There are other options, but they may be just as unlikely.

Houston’s Trevor Ariza, Atlanta’s Kyle Korver and Washington’s Jared Dudley are all on the Cavaliers’ radar, but landing one of those three is highly unlikely.

If Joe Johnson secures a buyout in Brooklyn, league sources are adamant Cleveland would “snatch him up” for the veteran minimum.

The first three would be good fits, but the price for them will be higher than the Cavs want to pay. The Johnson buyout is a possibility (no way they will move that salary at the deadline), but the buyout is not a sure thing — will Johnson leave money on the table just to get out of Brooklyn?

ESPN’s Brian Windhorst threw out interesting names recently.

Tyreke Evans made some sense until his recent injury ended his season and that idea. Omer Asik makes zero sense. He’s a slower, less athletic, far more expensive version of Timofey Mozgov — why would the Cavaliers want him?