Sacramento City Council has votes for arena if reachable criteria is met

6 Comments

The Sacramento Kings and their fans will hold their breath on Tuesday night, as the Sacramento City Council holds the first of at least two critical votes that will determine whether or not the team leaves town.

Let me be the first to tell you that tonight’s vote will pass.  Sources close to the situation report that the council is all but certain to have the votes necessary to move the process forward.

Specifically, the vote will allow the council to finalize proposals with ten competing private parking operators that will provide upwards of $200 million toward the cost of the estimated $387 million Entertainment and Sports Complex.

This will setup a vote on February 28 that will decide the Kings’ future.  It is at this time that the council, in cooperation with mayor Kevin Johnson’s Think Big Sacramento coalition, will vote to approve a term sheet that will signal to the NBA that Sacramento can indeed fund an arena.

I’m also told by sources with knowledge of the situation that as long as a laundry list of criteria is met, the council will have at least the four votes necessary (not counting Johnson’s tie-breaking vote) to approve the term sheet.

This laundry list includes guarantees that the city’s general fund will be replenished by the approximate $9 million annual revenue stream currently provided by city-owned parking operations, a plan for some or all of the city’s employees to be transferred into the new parking company’s operation, a mechanism to cap rate hikes for parking in the future, an option for an agreement shorter than 50 years, and a mechanism to provide kickbacks to the city if parking revenues exceed certain benchmarks.

It is believed that within that framework, the city can meet or exceed their $200 million target.

The last major item on the laundry list is who will be responsible for cost overruns if the $387 million project goes over its budget.  I’m told the city will approach the developer, David Taylor, to potentially provide that guarantee.  While it is unclear whether or not Taylor would shoulder such responsibility, he will likely be given incentive to do so by an offer of development rights near the arena.

Taylor has been working on the arena deal for years and has evaluated the project for Sacramento at a significant cost to himself, and it would be surprising if he told the council that he would not be responsible for cost overruns on a project he evaluated and promoted – particularly if there is further incentive in the form of development rights.

Adding the estimated $200 million or more from parking, an estimated $30 million from local hotels, an estimated $50 million from an arena operator (AEG), and an estimated $80 million from the NBA and the Maloofs — sources tell me that the city is well in the ballpark of securing the financing necessary for the arena.

In other words, the city of Sacramento has both the will and the way to secure a ‘yes’ vote for an arena.

As far as the timing goes, while February 28 is potentially the date for a deciding vote, it is likely that the NBA will allow for an extension on the March 1 deadline so they can properly evaluate Sacramento’s findings.  That announcement could come during All Star weekend.  The NBA and the Maloofs could theoretically act on the city’s proposal quickly and provide their terms in time for a February 28 vote, but sources stress the important part is that the city will have communicated that it is ready to vote on a deal.

From there it is on David Stern and the Maloofs to pull the trigger on the estimated $80 million price tag, which amounts to about $3 million per year in rental payments for 30 years, all paid up front.

As for any talk of selling the team, The Maloofs have been consistent with their message that it’s not an option, and their sale of the Palms can be seen as either a sign that the ship is sinking or a sign that they were moving money for the purposes of an arena.  In the unlikely event they do want to sell, Think Big Sacramento executive director Jeremiah Johnson told Seattle’s King 5 News that the city has “a number of ownership groups willing to keep the Kings in Sacramento.”

It’s not going to come to that.

The Maloofs and/or the NBA could try leverage the city of Anaheim against Sacramento, who recently made improvements on their NBA-ready facility, but after Jerry Buss and Donald Sterling just agreed to revenue sharing with small market clubs it’s less likely that the NBA will place another team in their backyard.

As for Seattle, despite their clear efforts to bring an NBA team back home, they are well behind Sacramento in their pursuit of an arena.  They too would have to approve public funds for a new building, and Stern and the Maloofs will have to weigh the $80 million cost of a sure thing given a ‘yes’ vote, and a nebulous offering in Seattle that is 1-2 years away while Key Arena is a stop-gap solution at best.

With all of the support David Stern and the NBA has given Sacramento in its fight to keep the Kings – from manpower in the front office to people on the ground helping make the arena deal a reality – it just doesn’t make sense for them to pass up a viable option for two that have problems.

This is a complex situation and it is not a done deal, but the once half-court shot turned 3-pointer doesn’t even seem like a free throw at this point – it seems like a layup.  The Party of Five that voted down a public vote that would have sent the Kings packing are interested in a deal that addresses the aforementioned criteria.  That criteria reportedly can be met and still provide the project with the money that it needs to be green-lighted, assuming the private parties each put in amounts that seem reasonable, achievable, and already written in pencil.

Kings fans will probably wait until the shovels hit the dirt before they celebrate.  Let this prediction be the first bottle of Dom Perignon.

The Kings aren’t going anywhere.

DeMarcus Cousins ejected after elbowing Russell Westbrook in head

Leave a comment

DeMarcus Cousins‘ history of flagrant fouls certainly didn’t help him here, but if anyone elbows a guy in the head, he’s going to get tossed.

And that’s what Cousins did here.

Midway through the third quarter in New Orleans, Cousins blocked a putback attempt by Russell Westbrook, then grabbed the rebound. Westbrook tried to reach in across Cousins’ body for the steal, and Cousins cleared out space with his elbow — right to Westbrook’s head. Cousins walked around saying “no, no, no” afterward, and he likely thinks the officials had it out for him here because he was just getting a guy off him, but we go back to the original point — elbow a guy in the head, get tossed. The league is cracking down on blows above the neck. Westbrook did not leave the game.

The Pelicans went on to come from 19 down to win the game 114-107, behind 36 points and 15 boards from Anthony Davis.

Damn, Paul George with the in-game bounce pass alley-oop to Jerami Grant

Getty Images
Leave a comment

The game has been close (as of midway through the third quarter), but that didn’t stop Oklahoma City from putting on a show in New Orleans.

Paul George had the ball on a 2-on-0 fast break and decided to throw the playground bounce-pass alley-oop, which Jerami Grant got up and finished with authority. This could be one of the dunks of the year.

We’re going to see that highlight for a while.

Jusuf Nurkic’s agent says big man wants to stay in Portland this summer

Associated Press
1 Comment

Last season, after his trade from frustrated backup big in Denver to new starter in Portland, there was a honeymoon — the Blazers went 14-6, their defense was better, and Nurkic was a big man setting big picks for quick guards in Damian Lillard and C.J. McCollum.

This season the honeymoon is over, things have been up and down, but far from time to say the marriage should end, as he is a free agent next summer. Nurkic is the only real starting center on the roster (even if coach Terry Stotts left him on the bench in the fourth quarter in favor of Ed Davis a few games back). Nurkic is averaging 14.6 points and 7.2 rebounds a game, and the Blazers’ defense is 1.5 points per 100 possessions better when he is on the court. However, his effort level has been up and down, and his shot is off, with a true shooting percentage of just 49.4, and he is shooting just 56.6 percent in the restricted area.

Nurkic wants to stay in Portland, his agent told Ben Golliver in a story at Sports Illustrated (that story is worth the read for the Nurkic origin story, which is amazing).

“I feel like the Blazers are very happy with Jusuf and Jusuf is very happy there,” Tesch, the agent, told The Crossover by telephone this week. “We had some [extension] talks but we decided to play it out this year and engage in talks again in July. He has already proven that he can help the team. There is a fit for Jusuf in Portland and he’s looking to stay there long-term.”

The two sides talked extension before the season, but Portland understandably wanted to make sure there was more to this relationship than just a honeymoon. It gave Nurkic a chance to drive up his asking price.

Portland and Nurkic likely will find a long-term deal next summer because it just makes sense for both sides. There are not a lot of teams with max free agent money next summer (4-6, I was told by an insider), or a lot of money to spend in general, and both DeAndre Jordan and DeMarcus would be centers on the market who rank ahead of Nurkic. Portland will offer more than other free agent destinations, if not as much as Nurkic dreamed of, and they will find common ground.

But there is a lot of season to play out before then. The Blazers feel like a team that should be better than its record so far, and Nurkic is part of that untapped potential. If things change, that’s good for Nurkic — and the Blazers.

Celtics look to push win streak to 16 vs. Mavs

Getty Images
Leave a comment

DALLAS (AP) — The Boston Celtics aren’t yet halfway to the NBA record for consecutive victories, a mark the 1971-72 Los Angeles Lakers still hold, but at 15 in a row, they are in rare territory.

Since 1946-47, there have only been 35 instances of a 15-game win streak or longer. And of all the legendary Celtics teams, this squad already holds the franchise’s fifth-longest win streak. A victory Monday night against the Dallas Mavericks, who are an NBA-worst 3-14 overall and 2-8 at American Airlines Center, would tie the 1964-65 Boston team’s 16-game win streak.

If the Celtics (15-2) get the win, they would climb closer to the 1959-60 team’s 18-game win streak, and then comes the club mark of 19 in a row accomplished by the 2008-09 team.

This version of the Celtics has to be considered the most unexpected to string together so many wins. The team has a slew of new players, starting with guard Kyrie Irving, and Boston lost another prized newcomer, forward Gordon Hayward, in the season opener.

After starting 0-2, Boston hasn’t lost. Yet, it’s not exactly as if the Celtics are steamrolling the league. For the Mavericks, who are coming off snapping the Milwaukee Bucks’ four-game win streak Saturday, the fact that Boston has actually had to rally to get a handful of its wins must be seen as an opportunity to steal a decision.

In fact, four of the Celtics’ victories during the streak have come after Boston trailed by 16 points, including a 110-109 win against the Atlanta Hawks on Saturday.

“Most of us have never been on a winning streak like this,” Irving said following the win over Atlanta. “I don’t know if we even know how to pay attention to all the hoopla that goes on in terms of the excitement of it. I just think that every single game we take it as a challenge.”

Irving has been accepting that challenge with tremendous success after asking to be traded away from Cleveland, where he won one title with LeBron James and lost twice in the NBA Finals to the Golden State Warriors.

He closed out those same Warriors last week, scoring 11 of the last 15 points in the final 4:21. The clutch play has Irving already being talked about as an MVP candidate.

“He’s so good in those moments that you want to give him the appropriate amount of room,” Celtics coach Brad Stevens told the Boston Globe about Irving. “Maybe it’s finding a matchup. Maybe it’s creating a two-man game with Al (Horford).”

Irving will be a major test for Mavs rookie point guard Dennis Smith Jr., who has displayed some tremendous flashes while also showing he is a green 19-year-old with one season of college ball under his belt.

Dallas, one of the league’s lowest-scoring offensive teams, is relying heavily on Smith and Harrison Barnes to carry the load. Dirk Nowitzki, 39, has dropped off significantly, averaging just 10.3 points a game, his lowest output since his rookie season in 1998-99.

Unlike the Celtics, Dallas has lost its share of games by being unable to close out games late. On Saturday, the Mavericks won a rare game going away, blitzing the Bucks with a franchise-tying 19 3-pointers. Guard Wesley Matthews said he thinks all the hard work is starting to pay off.

The history-chasing Celtics will put that claim to test.

“We can actually see everything that we’ve been trying to do come together, and hopefully that just carries the momentum into the off day where everybody’s feeling good,” Matthews said after Dallas’ victory. “We’ve got another tough battle Monday against Boston, who is the hottest team in the league right now, but it’s another opportunity for us.”