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

Leave a comment

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.

Michael Beasley: “I’m literally just Carmelo on the left side of the floor”

Getty
2 Comments

Michael Beasley recently signed a one-year contract with the New York Knicks for the veteran minimum. Hopefully, this is just the start of an interesting year with the Knicks. I think you know what I mean.

Speaking to reporters this week, Beasley had lots to say about his potential new role with New York, his interplay with Carmelo Anthony, and his new weight loss.

Specifically, Beasley spoke of how long he had known Anthony and how much he had mimicked his game off of the star on the left side of the floor, saying, “If you watch my game, really watch my game, my jab series, all that, I’m literally just Carmelo on the left side of the floor.”

Since Kevin Durant has apparently set the offseason tone for athletes being frank with reporters, Beasley did say that he was not as great on help side defense as he could’ve been in recent years. However, he said that he wasn’t as bad as people made about to be, and it appears he is going to try to make that something to focus on this season.

Beasley has also lost about 20 pounds — it appears he has cut out sugar and red meats — but the most interesting thing he said to ESPN’s Ian Begley was about his offensive production.

Via ESPN:

“I’ve came in and out of this league. Every year my per-36 [minute average] has been top of the league. And still everybody looks at me as a bust. I just want an opportunity to play more than 15 minutes. And you know if I play more than 15 minutes I’m going to score more than 15 points. And if I can do that for 82 games, that’s an All-Star level. I don’t know. I’m just talking. I just want an opportunity to play basketball. I just want the respect I deserve. Not for what I can do in the future but what I’ve done in the past. And I just want a fair opportunity, a fair chance, a fair shot to play basketball.”

It’s not immediately clear what kind of fair shake Beasley wants here. True, he played less than 30 games in two of his last three seasons in the NBA. However, that was preceded by six seasons of at least 47 games a year. We do know who he is at this point in time, and there is a large swath of game tape and statistics that can be analyzed to prove it.

It is also interesting that Beasley brought up his per-36 numbers. It’s true that Beasley has been an okay scorer when looking at those numbers out of context. But per-36 numbers are not a direct correlary to how effective a player is on the floor. Indeed, even when he was playing starter-level minutes, Beasley’s best numerical seasons are spread all over the place when you take a look at his per-36 production.

Meanwhile, Beasley has had only one season out of nine where he had a positive value over a replacement player. That was his sophmore season with the Miami Heat at 0.2. Five of those seasons he’s taken a larger percentage of his shots from 16 feet to just inside the 3-point line than he has from 0-3 feet. He’s a career 39% shooter on those long jumpers, and 63.5% from that close-in range.

Would it be great if Michael Beasley somehow turned into a strong driving, hard rebounding, diving and passing pick and roll man? Yes. That is exactly what this Knicks team — and any team, frankly — could use.

For now, it appears it’s more likely we end up with the Beasley who says he is a carbon copy of Carmelo — long 2s and all.

Goran Dragic holds back tears after Drazen Petrovic’s mother gives Slovenian star his jersey

1 Comment

It’s been a big week for Slovenian star Goran Dragic.

First, he led the Slovenian national team to the 2017 Eurobasket championship over Serbia, winning the gold medal.

Then, the Miami Heat point guard announced that he would be retiring from the Slovenian national team. Shortly thereafter, we learned that something special had taken place between Dragic and the mother of former NBA player Drazen Petrović.

Specifically, Biserka Petrović sent over her son’s New Jersey Nets kit as a gift for Dragic.

Via Sportando and SiolNET:

“It is one of the most beautiful gifts I’ve ever received in my life” Dragic told Siol. “He was my idol. We all know what he did for Yugoslavia and the basketball world. It was a great honor for me to wear the jersey no.3” Dragic added.

Petrović, who played for the Nets and the Portland Trail Blazers in the NBA, died in a car accident in Germany in June of 1993. He is considered a sports hero in the successor states that make up the former Yugoslavia, including Slovenia.

You can watch Dragic receiving the jersey and his reaction in the video above. The video does not have English subtitles, but you can clearly see the emotion in his eyes and it’s pretty powerful.

Kevin Durant admits after decision to leave OKC he felt “f—— up”

4 Comments

Anyone who has made a major, life-changing decision has been there — you make the call, take the steps, commit yourself to the new plan, and then start to wonder “what did I just do?”

Hopefully, usually, the decision works out. It did for Kevin Durant when he chose to leave Oklahoma City for Golden State. However, not only did he have the normal doubts the rest of us had, he had a nation on basketball Twitter ridiculously slamming him for “taking the easy way” to a title.

Durant talked about it in a feature in San Francisco Magazine, along with his agent Rich Kleiman (a story mostly dedicated to KD’s tech investments, which in and of itself is interesting).

(Durant) and Kleiman were in China for a weeklong tour of the country sponsored by Nike Basketball, and the flak he was taking from people in Oklahoma City who had once professed deep affection for him was overwhelming. “To have so many people just say, ‘F— you,’ that really does it to you,” Durant tells me, still clearly anguished. “Because I truly had invested everything I had into the people I played for…. And for those people that I know and love and trust to turn their back on me after I was fully invested in them, it was just…more than I could take. I was upset….

“That was before I met anybody from the Warriors and dove into the culture. I was basically on my own,” Durant says. “It was like you were in between two teams.”….

“We were all messed up on jet lag,” Kleiman says, turning to me, “and I was up at 6 a.m. and he calls me and says, ‘Yo, are you up?’ And I’m like, ‘Yeah, what’s up?’ And he’s like [yelling], ‘Why the f— did you let me do this to my life?’ And I’m like, ‘Ohh s—, I’m coming over to your room.’”

“That hotel was rock bottom,” says Durant.

Durant’s haters will read into this whatever they want, and the world should look at them and shrug (unfortunately, Durant does not).

I’m impressed that he opened up about this. To me, this makes him more human and relatable because we’ve all had doubts after making a life-changing decision. You know LeBron James has, but he’s not going to let that show. Durant allowed himself to be vulnerable, to show this was not an easy decision for him. It was emotional.

Granted, it’s easier to do that when in a few weeks Durant will put on a championship ring. His decision worked out. Still, good on him for talking about it.

Tyronn Lue says Cavs will stick with LeBron, Love, Tristan Thompson as starters

Getty Images
Leave a comment

With the acquisition of Jae Crowder, a theory started to pop up among Cavaliers observers: Could they go small?

The idea is to start Kevin Love at center, LeBron James at the four, and Crowder at the three — that’s a mobile front line with a couple good defenders and the ability to switch a lot. It provides more options on offense and spaces the floor. Then the Cavs could bring Tristan Thompson off the bench.

That’s not going to happen, at least to start the season, according to Cleveland coach Tyronn Lue, speaking to Joe Varden of the Cleveland Plain Dealer.

“Right now we’re just trying to get all of our pieces together and right now Tristan’s our starter,” Lue told cleveland.com. “I’m just thinking we’re going to run a lot more stuff through Kevin, more at the elbows, like we’ve done the last year and a half. Just trying to figure out with our new pieces and our new players and just see what works best for us.”

Thompson brings value and defense to the starting lineup, Cleveland needs that.

I could see a lineup of Isaiah Thomas (once healthy), J.R. Smith or Kyle Korver at the two, Crowder, LeBron, and Love working in sort of the way Steve Kerr uses his “death lineup” — just put it on the court for 10-15 minutes a night as a change of pace teams can’t adapt to. Use it in key moments to pull away, and in crunch time as needed. Golden State starts Zaza Pachulia, and Thompson is certainly the better of those bigs.

Lue has a lot of rotation decisions to make this season, both before Thomas gets back on the court and after. How to work the trio of Jeff Green, Crowder, and Kover off the bench is just one of them. With Irving gone a lot of options become available, and that should mean a lot of experimentation the first part of the season. Lue is and should be willing to sacrifice some wins now to see what works down the line, because for the Cavaliers the season doesn’t really start until mid-April.