Inside Kings Arena

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


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.

Nick Young wears Gilbert Arenas’ old shoes during game (PHOTO)

Nick Young, Devin Harris
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In a disastrous Lakers season, one thing can be counted on (besides Byron Scott saying absurd things about Kobe Bryant): Nick Young will always be able to lighten the mood. He brought some levity to the Lakers’ blowout loss to the Warriors on Tuesday night with a blast from the past: a pair of gold shoes formerly worn by his ex-Wizards teammate Gilbert Arenas.

These shoes, like Swaggy, and like Gilbert before the injuries and the guns, are awesome and should be celebrated.

Blake Griffin hits acrobatic three-pointer to beat the shot clock (VIDEO)

Blake Griffin
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During the third quarter of the Clippers’ Tuesday night win over the Nuggets, Blake Griffin had some SportsCenter-worthy acrobatics that had nothing to do with dunking. He caught a ball in the air behind the three-point line as the shot clock expired and sank this buzzer-beater:

It was just his third made three of the season.

Report: Hornets sign head coach Steve Clifford to three-year extension

Steve Clifford
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With the Hornets fighting for one of the last playoff spots in the Eastern Conference, head coach Steve Clifford’s future with the team has been a mystery hanging over their heads. Clifford, in his third year with the team, was set to become a free agent after this season. Not anymore. Rick Bonnell of the Charlotte Observer reports that the Hornets have signed Clifford to a contract extension that will keep him in town through the 2018-19 season:

The Charlotte Hornets and coach Steve Clifford have come to an agreement on a multi-year extension, the Observer has learned.

The deal includes a three-year guarantee that would keep Clifford in his current role through the 2018-19 season.

In Clifford’s first year with the Hornets (then the Bobcats) in 2013-14, they made the playoffs for just the second time in franchise history. This season, they’re off to an 8-6 start despite losing Michael Kidd-Gilchrist to a season-ending shoulder injury during the preseason.
With several teams potentially having openings this summer, it was smart of the Hornets to keep Clifford off the market.

Griffin, Jordan each score 18, Clippers beat Nuggets 111-94

Blake Griffin
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DENVER (AP) Blake Griffin and DeAndre Jordan each scored 18 points and the Los Angeles Clippers beat the Denver Nuggets 111-94 on Tuesday night to snap a three-game losing streak.

Jordan finished with 11 rebounds and four blocks, while Griffin had 10 rebounds. Chris Paul had 15 points and 10 assists to give the Clippers (7-7) three players with double-doubles.

The Clippers, who hadn’t been under .500 this far into a season under Doc Rivers, made eight 3-pointers after coming into the game at 31.3 percent.

The Clippers hit their first four shots from deep, missed their next seven but found the stroke again when Jamal Crawford hit a halfcourt shot to give them an 83-72 lead at the end of the third.

Danilo Gallinari led Denver with 20 points and had a career-high 18 rebounds.

Crawford scored the Clippers’ first seven points of the fourth quarter to push the lead to 90-76. He finished with 15 points.

Denver started fouling Jordan, and the center was just 7 of 16 from the line in the fourth, but Denver couldn’t hit enough shots to close the gap.

His dunk on a lob from Paul gave the Clippers a 110-93 lead.

Griffin was struggling from the field until he hit a 3-pointer to beat the shot clock midway through the third. He hit two more shots and fed Jordan for a dunk to give the Clippers a 73-62 lead.

Rookie Nikola Jokic had 16 points and Gary Harris scored 14 for the Nuggets, who have lost four straight and fell to 3-5 at home.


Clippers: J.J. Redick had 16 points. … Griffin reached double digits in rebounds for the first time in seven games. He averaged 6.5 boards in his previous six games. … The Clippers were outrebounded for the 12th time in 14 games. They are 5-7 when that happens.

Nuggets: All of Gallinari’s rebounds came on the defensive end. … F Kenneth Faried missed his second straight game with a sprained left ankle. With C Joffrey Lauvergne (low back strain) also out, the Nuggets were down to 11 players. … Mike Miller made a rare first-half appearance and gave the Nuggets a jolt with two 3-pointers in seven minutes off the bench. He finished with nine points.


Clippers: Host Utah on Wednesday night.

Nuggets: Host San Antonio on Friday night.