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.

Rick Pitino predicts NBA draft will accept high schoolers within two years

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Once an advocate of increasing the age minimum and a willing accepter of one-and-done, NBA commissioner Adam Silver sounded more open about allowing high school players to declare for the NBA draft.

The new Collective Bargaining Agreement left the issue open, but Louisville coach Rick Pitino predicts change is coming – relatively soon.

Pitino, via ESPN:

When I was at Kentucky, I had seven high school basketball players, told me they were coming, and instead, they went to the pros out of high school. And by the way, I think that rule is going to change back to that. I think high school players are going to be able to go pro again.

I think the commissioner is probably going to do it within two years.

Does Pitino know something? With decades of experience in the NBA and college, he could have many contacts with inside information. It’s certainly imperative for devising a recruiting strategy to know how this rule will change.

It’s also possible Pitino saw Silver’s comments, like any outsider could have, and is making a relatively blind guess.

But the possibility of inside information makes his comments more intriguing.

Warriors executive: Golden State rejected richer jersey-ad offers

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The Warriors are charging $60 million over three years for their jersey ads – about double what any other NBA team is getting.

Golden State chief marketing officer Chip Bowers, via Darren Rovell of ESPN:

“We actually had multiple finalists,” Warriors chief marketing officer Chip Bowers said. “This was not the biggest deal that we were offered.”

Bowers said the team felt it was important for the deal to be with a worldwide brand.

Light years ahead.

New Bulls advisor Doug Collins: ‘I am woke’

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The Bulls hired Doug Collins as an advisor.

Is Collins, who has coached only one winning season in the last 20 years and often sounds analytically disinclined, too behind the times?

Collins:

I’m old. Let me finish. But I’m not old school. I’ve got a young brain. And I think you get pigeonholed: That guy is old school because he’s old. Now, if being on time and working hard and doing all those things are old school, then yes, I’m old school. But I will match my wits with anybody in terms of young people, in terms of what’s going on now and what’s happening. So, I am woke.

Suddenly, Kyrie Irving‘s statement on ESPN – “Oh, if you’re very much woke, there’s no such thing as distractions” – has a challenger for the most awkward use of “woke” by NBA personnel this week.

Report: Andre Iguodala nearly left Warriors for Rockets

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Remember those mid-June rumors about Andre Iguodala already agreeing on a salary to re-sign with the Warriors?

The tide sure changed in a hurry.

Iguodala put out word that he was open to leaving, pressuring tax-conscious Golden State. He met with the Lakers, Spurs, Kings and Rockets.

Houston particularly intrigued him despite reportedly offering just four years, $32 million. The Rockets could have offered $37,658,880 with the mid-level exception, though they wanted to save a sliver to give Zhou Qi a four-year deal – and that still would’ve fallen short of other offers. They also discussed signing-and-trading for Iguodala, but they pitched him on a defensive unit that included him, Chris Paul, Eric Gordon and Trevor Ariza. What else would Houston have intrigued the Warriors with?

And would Iguodala really have left Golden State, an all-time great team that positioned him to win 2015 NBA Finals MVP and a team that played near Silicon Valley?

Chris Haynes of ESPN:

The Warriors had been in the dark for a day and a half and contacted representatives of free-agent small forwards Rudy Gay and Gerald Henderson as a contingency plan. But Myers immediately hopped on a plane from the Bay Area and Kerr was already in Los Angeles, having recently visited with free agent Nick Young. They didn’t know it, but Iguodala’s objective in sitting down with them was to personally say goodbye, sources with knowledge of the situation told ESPN.

Myers and Kerr came prepared to offer him a fully guaranteed, three-year deal worth $45 million and reiterated that their latest offer still wasn’t indicative of what they believed to be his true worth. Their hands were just tied.

There was little hope for a resolution at this point. Iguodala wasn’t budging from his request to make at least $16 million per year. If the Warriors didn’t improve their offer, he was signing with the Rockets, sources said.

After an hour, both sides departed and a breakup appeared likely. Iguodala’s camp proceeded to discuss their options. The Warriors’ top reserve was inching closer to becoming a top reserve for the Rockets. But before Rosenthal was to call Los Angeles, Sacramento, San Antonio and Golden State to notify them of his client’s decision, sources said Iguodala elected to make his final, most defining move yet: calling Golden State one more time.

That of course ended with the Warriors stepping up with a three-year, fully guaranteed $48 million contract, which Iguodala signed.

I recommend reading Haynes’ captivating look into Iguodala’s free agency in full. But keep this in mind: Iguodala won his negotiation with Golden State, and it’s in his best interest to continue a harmonious relationship with the organization. That means, if he were bluffing about leaving in order to secure a bigger offer from the Warriors, he’s incentivized not to show his cards now. He’s better off keeping up the story, making the Warriors believe they didn’t pay more than necessary to keep him.