AEG acknowledges interest in Sacramento Entertainment and Sports Complex

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It wasn’t a matter of if, it was when.

Anschutz Entertainment Group, known better as the stadium and arena operations giant AEG, acknowledged for the first time Friday that they might provide “assistance” to Sacramento mayor Kevin Johnson and the Think Big Sacramento coalition in their quest for an arena, according to the Sac Bee.

AEG’s involvement with the arena initiative was about as secret as LeBron’s hairline, but without the illusion of a headband to try and hide it.

According to sources, that ‘assistance’ should come in the form of tens of millions of dollars of up-front money, assuming of course that AEG can come to terms with the City of Sacramento, the Kings, and the NBA.

In return they would get profits from operating the arena, and using the Six Degrees of Kevin Bacon they could also see benefits from the fact that their partially-owned subsidiary, the ICON-David Taylor Group, is providing the logistical backbone for Think Big Sacramento and its proposals. Taylor, whose development company David Taylor Interests would like to build the arena, has also expressed interest in buying up properties located near the arena. And with AEG, Taylor, Darius Anderson, and many other committee members also having business interests near the arena, a mini-L.A. Live type project with the Kings as the epicenter is where the smart money is heading.

This public statement from AEG is just one of many baby steps the Think Big Sacramento coalition will take, as it otherwise sprints to cultivate a $387 million Entertainment and Sports Complex (ESC) that will keep its anchor tenant from leaving for Anaheim. KJ’s coalition has a self-imposed, though painfully realistic deadline of December 30th to get a funding plan approved so the city can meet the NBA’s deadline of March 1, 2012 to have funding in place.

The next test for the Think Big coalition will come today when the Sacramento City Council will either approve, table, or reject a $550,000 request for lawyers and consultants to be used to officially vet the project and negotiate with third parties such as the NBA and the Maloofs. The city council will also be asked to vote whether to give the ICON-David Taylor Group the authority to start negotiating on behalf of the city with operators.

Here’s betting that the operator is AEG.

As for Kings fans’ chances of keeping their team, Tuesday’s vote will be the first time the city council, who will ultimately decide the project’s fate, will be asked to part with cold, hard cash. If any of them are opposed to it, saying so before the city spends a half-million dollars would make some sense. With no real public opposition being shown by the council so far it is likely that they will approve the request, and see what numbers come through the pipeline and how the public reacts to them.

If the request is approved, negotiations will commence with the aforementioned parties to determine what level of private funding can be secured, and in turn what level of public funding will be needed. Sources from Think Big Sacramento are in agreement that a public vote to generate funds for an ESC would be an abject failure, so they don’t plan on using public funds that would trigger a public vote.

Because of this limitation they’ve taken a kitchen sink approach where everything from hotel fees, ticket surcharges, cell phone towers on the arena, and the sale of city lands have all come into play. Local kids have taken to selling lemonade to raise funds, and Think Big may just need it. But finding enough money to hit the magic number isn’t their only challenge. Making sure that the city council is comfortable voting ‘yes’ for a controversial measure is job No. 1.

So far, the Think Big coalition campaign has been run to a presidential degree, with traveling town hall meetings around the region and a media awareness campaign not seen before in arena politics. While there will always be skeptics and opponents of such a measure, you wouldn’t have known it by the last city council meeting where every public commenter was in support of an arena and no dissident voices could be found.

Today we’ll see if the first one shows up.

Dwyane Wade fined $25,000 for throat slash gesture after dagger vs. Celtics

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All anyone would talk about is how the Bulls could not hit the three.

Then, with the game in the balance, the ball rolled out to Dwyane Wade standing at the three-point line and he sank the dagger three — Chicago beat Boston on Thursday night.

Watch the video above, after Wade hits the game-sealing three, he makes a throat-slashing gesture.

That will cost Wade $25,000. The league announced the fine Friday.

Wade cares about this as much as he cares when the Osmonds are playing in Branson. He can afford this.


Report: Cavaliers not “actively” shopping Iman Shumpert. Just listening.

CLEVELAND, OH - OCTOBER 25: Iman Shumpert #4 of the Cleveland Cavaliers shows his championship ring before the game against the New York Knicks at Quicken Loans Arena on October 25, 2016 in Cleveland, Ohio.  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 Ezra Shaw/Getty Images)
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Three days into the NBA season seems early to be discussing the semantics of NBA trade talk, but here we are.

There have been rumors that the Minnesota Timberwolves called the Cleveland Cavaliers, interested in talking Iman Shumpert trades, possibly involving Ricky Rubio (who at some point will lose his starting job to rookie Kris Dunn). And that the Cavaliers were at least open to the idea. But nothing came of it.

How serious is Cleveland on the Shumpert front? Joe Varden of the Cleveland Plain Dealer addressed that in a Q&A with fans.

A few teams such as the Minnesota Timberwolves have inquired about Iman Shumpert, who has three years and $30 million left on his contract at age 26. The Cavs are answering the phone… But they are not actively looking to deal him, a team source told….

Keep in mind, Cleveland also has a trade exception worth about $11 million, the expiring contract of Mo Williams ($2.2 million) and Jordan McRae to deal. So if it is Rubio they want, they don’t have to trade Shumpert to get him.

What Varden is saying is Cavaliers GM David Griffin is not picking up the phone and seeing what he can get for Shumpert. But if teams call him…

Right now, the Cavaliers will need to be blown away to make a deal. Shumpert is backing up J.R. Smith and got more than 22 minutes of court time in the opener — he has a role on this team. Plus Shumpert is on an affordable contract. The Cavs are only going to make a move they believe makes them better right now — they want another ring. Maybe that offer comes, but the Cavs can be patient, and they have options.

Barack Obama picks Warriors to win title. Like everyone else.

Barack Obama

The Baller and Chief is on his way out the door.

Barack Obama has been by far the biggest hoops fan to inhabit the White House (with John Quincy Adams a very distant second). He’s put up a basketball court at the White House, filled out NCAA Tournament brackets, jokingly applied for the Wizards’ coaching job, thought about becoming an owner, gone to NBA games, and just been a fan like the rest of us.

And he’s picking the Warriors to win it all. Like everyone else.

In what was primarily a “get out the vote” effort, President Obama called in to ‘Sway in the Morning’ hosted by Sway Calloway on Eminem’s SiriusXM channel Shade 45. Asked to pick the next NBA champ, the Bulls fan went exactly where everyone else did — Golden State.

“I’m going to go with the Warriors just because of [Kevin] Durant, that addition. I think they just have too much firepower,” Obama said. “Although they just got spanked in their first game, so it will take a while to figure things out.”

Obama also picked the Patriots to win the NFL title. He’s such a frontrunner.

Report: NBA owners rejecting expansion ‘at every turn’

Seattle SuperSonics v Denver Nuggets
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With rumors of NBA expansion swirling, it’s time to look at more concrete evidence.

NBA commissioner Adam Silver has repeatedly shot down expansion talk, and that’s not him going rogue. His bosses have apparently taken a firm stance.

Steve Kyler of Basketball Insiders:

Basketball Insiders reached out to an NBA owner and a voting member of the Board of Governors and was told flatly that any talk of expansion has been shot down at every turn inside the Board of Governors meetings. It’s been a non-starter.

There is a theoretical one-time expansion fee so high where the current 30 owners would divide their shares of revenue further. But the NBA takes in so much annually, it’s hard to imagine a new ownership group could and would front enough money.

Sorry, Seattle (and Louisville and Las Vegas and…). The evidence is overwhelmingly on the side of the league staying at 30 teams. You’ll probably just have to poach a team from another city.