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

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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.

Here’s LeBron James trying on Lonzo Ball’s weirdo jump shooting form (VIDEO)

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Cleveland Cavaliers star LeBron James is shooting 37.3 percent from 3-point range this season. That’s up a little more than six percent from last season, and three percent better than his career average. He doesn’t need much help there this season, but you know that LeBron is always looking for ways to improve.

Including, apparently, trying on UCLA star Lonzo Ball’s shooting form.

During warmups on Thursday before the Cavaliers took on the Chicago Bulls, LeBron messed around with Ball’s awkward shooting form. If you haven’t seen it, it’s an odd draw from right-to-left, with the right-handed Ball almost shooting from the left side of this face.

Ball was a 41.3 percent shooter from deep during his one season at UCLA and will be a top pick in the 2017 NBA Draft, perhaps much to the chagrin of whichever team has to deal with his dad, LaVar.

Scottie Pippen throws blame for Knicks woes at feet of his former coach Phil Jackson

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Apparently, it’s not “be kind to your former boss month.”

Bulls legend and Hall of Famer Scottie Pippen was on ESPN’s “The Jump” — the Rachel Nichols hosted NBA show on each afternoon — and the topic turned to how much the Knicks stink. And why. Of course, there’s plenty of blame to go around for just about everyone on that front, but Pippen threw his former coach under the bus (transcription via the New York Daily News).

“To be honest with you, I’m going to have to go at my old coach Phil Jackson,” Pippen said on ESPN’s “The Jump.” “I think he just hasn’t put the right pieces on the floor. I give a lot of credit to Carmelo who is being very professional in getting through these 82 game season. And now he’s being benched to some degree, they’re taking a lot of his minutes away. But this team just hasn’t had it. They haven’t had it since Phil Jackson landed there. There hasn’t been any upside.”

After saying “fans would love to see Carmelo in New York and Phil out,” Pippen was asked by host Rachel Nichols if he believes Jackson “should be out.”

“Yes,” Pippen replied emphatically.

Most of Jackson’s former players have his back, most recently Shaquille O’Neal who laid blame at the feet of the Knicks’ players. The ones that Jackson assembled into a mismatched team.

Phil Jackson’s record may be 77-162 since taking over the Knicks, but reports are he isn’t going anywhere. While owner James Dolan can flip like a pancake on a griddle, the sense is that Jackson will keep collecting his $12 million annual salary and will keep trying to build a triangle-offense team. That means Carmelo Anthony likely gets moved this summer.

Jackson has seemingly fallen into the trap the Knicks have been unable to climb out of for years — since James Dolan took over as owner seemingly — of not just picking a system, sticking to it, being patient and avoiding quick fixes. Triangle, Rhombus, pick-and-roll heavy, whatever offense the Knicks use should be built around getting Kristaps Porzingis touches and playing to his strengths. Get younger players who fit that system to go around him and let it grow together. Be patient. Instead, it’s Derrick Rose and Joakim Noah.

Jackson deserves blame. A significant amount. So do the players. So does Jeff Hornacek as coach. But make sure Dolan gets a big slice too, this team has struggled since he was given control, and he is the one constant.

Frustrated Kyrie Irving on another ring: “And I want more. I’m going to go take it.”

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Since the All-Star break, the Cleveland Cavaliers have not looked like a championship team. They have been in a malaise going 8-10 with the second-worst defense in the NBA during that stretch. The Cavs like a team that is just waiting for the games to have meaning again in the playoffs. It makes one tempted to say this will come back to bite them in the postseason, but which team in the East is going to beat them?

The Cavaliers players are frustrated with their play of late, too.  Kyrie Irving vented about it after practice, as reported by Joe Varden of the Cleveland Plain Dealer.

“Obviously it was just a frustrating game and there have been a few frustrating games for all of us,” Irving said. “Just getting back to what we do, having fun with one another and being truthful with one another — we’ll be good…

And then Irving said: “You can’t rely on just thinking that one championship is enough. It’s natural for human beings to just get comfortable. To rely on just having won a championship. But if you a (competitor) you want two, you want three, you want four. And if you dedicate yourself more like you say you do, then you want more. And I want more. I’m going to go take it.”

Injuries have had key players, most recently Kevin Love and J.R. Smith out of the rotation of late, and working them back in has not gone smoothly. Still, this is the same core from the team that won the title last season, it shouldn’t be that difficult to get back into a groove.

Cleveland is acting like a team that thinks it can flip the switch.

Maybe they can, but there are some powerful teams out West who seemed to have flipped theirs long ago.

 

Rumor: Bulls ready to move on from Jimmy Butler this summer

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Predicting what the Chicago Bulls front office will do this summer is a game of roulette — the ball can land anywhere and it wouldn’t be a surprise. Is Dwyane Wade coming back? Is Nikola Mirotic part of the future? Fred Hoiberg? What kind of team are the Bulls trying to build, anyway?

Then there is the biggest one: Is Jimmy Butler still part of the long-term plan? Or is he going to be moved to facilitate a rebuilding process?

Last summer when the Bulls had the chance to trade him, they kept Butler to build around him… then made some interesting choices in trying to do that. They didn’t get enough shooting, players didn’t fit well, and others didn’t develop, and the Bulls are struggling to even make the postseason.

So what do the Bulls do this summer? One exec told Kevin O’Connor of The Ringer that the Bulls were going to move Butler.

Paul George and Jimmy Butler were involved in trade rumors at the deadline, and all indications are that those conversations will resume this offseason. One front-office source told me recently that Butler is “as good as gone,” while George sounds like a player who wants out.”

Paul George wanting to contend (or if not, be in Los Angeles) is not news, but whether the Pacers decide to be serious about trading him this summer depends on a number of factors that we’re not going to get into here. This article is about Butler.

Do the Bulls want to trade Butler? Some in the front office do, some don’t. There were reports the Bulls wanted an All-Star level player for him so the team did not take a step back, but nobody was giving that up. Everyone in Chicago from ownership through management is not on the same page, which helps explain some of the stop-gap team building moves by the team. Chicago needs to decide if it wants to go for the full rebuild, which is what happens if they trade Butler. The playoffs are out of the questions for a few years if they do, but that’s not a bad thing if they draft well and commit to the plan. However, there is a sense that ownership thinks “this is Chicago, we don’t rebuild.”

All of which is to say, if the Bulls trade Butler it’s not a huge surprise. If they keep him, it’s not a huge surprise. But other teams — hello Boston — may be prepping for him to come back on the trade market around the draft.