Inside Kings Arena

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.

Rumor: Greg Monroe would like to be traded to New Orleans

Milwaukee Bucks center Greg Monroe, center, drives to the basket against New Orleans Pelicans center Alexis Ajinca, left, and guard Tyreke Evans, right, during the first half of an NBA basketball game Saturday, Jan. 23, 2016, in New Orleans. (AP Photo/Jonathan Bachman)
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If you’re going to bet on an NBA player likely to be moved before the start of the NBA season — or at least by the deadline — Bucks’ big man Greg Monroe would be a good choice. It’s no secret he is on the trade block, the Bucks just aren’t finding a team making an offering to their liking.

What would Monroe like?

He probably wants to end up in New Orleans, ESPN’s Marc Stein said on the Lowe Post podcast.

Which makes a ton of sense — he was born in New Orleans, he wants to go home. The two sides have talked about a deal multiple times in the past, but nothing got done.

The problem is the Bucks are only getting rock-bottom offers for Monroe. On the upside, he’s an efficient offensive NBA big who got the Bucks 15.3 points and 8.8 rebounds a game last season. However, he’s a defensive liability who does not protect the rim, plus he’s a $17 million rental next season (he can and likely will opt out in the summer of 2017). Even teams that could use a scoring big are not going to give up much quality in a trade for a rental like Monroe.

The Pelicans already have Omer Asik and Alexis Ajinca as traditional fives, and they should play Anthony Davis there more anyway. Roster wise, the Pelicans would need to make some other moves for this deal to make sense.

But eventually, the Bucks will find an offer they are willing to take.

Nets’ Greivis Vasquez pulls out of Olympics for Venezuela

DENVER, CO - NOVEMBER 11:  Greivis Vasquez #21 of the Milwaukee Bucks takes the court against the Denver Nuggets at Pepsi Center on November 11, 2015 in Denver, Colorado. The Nuggets defeated the Bucks 103-102. 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 Doug Pensinger/Getty Images)
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Venezuela is in its first Olympic basketball tournament in more than 20 years — they upset Canada and Argentina to win the FIBA Americas tournament last summer and earned the right to go to Rio.

But they are going to have to play there without the one NBA player on their roster. Greivis Vasquez, who had ankle surgery last December, announced he had to pull out, via the Nets.

If you want to know what this means for the Venezuelan team heading into Rio, well, they shot just 23.9 percent in an 80-45 loss to Team USA Friday night in Chicago — and that was by far the USA’s worst performance in the exhibition run-up to the Rio Games.

Vasquez should be getting decent minutes off the bench behind Jeremy Lin in Brooklyn this season. They need him healthy as the team tries to move from “god awful” to just plain “not good” next season.

Report: Monty Williams to accept role on Spurs coaching staff next season

LAS VEGAS, NV - JULY 18:  Draymond Green #14 of the 2016 USA Basketball Men's National Team drives against assistant coach Monty Williams of the 2016 USA Basketball Men's National Team during a practice session at the Mendenhall Center on July 18, 2016 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
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Another smart move by the Spurs.

Monty Williams is one of the better assistant coaches in the NBA right now, and he was available (remember he understandably left Oklahoma City last season after the tragic death of his wife). He’s part of Mike Krzyzewski’s staff with USA Basketball this summer — watch him in practices at age 44 and he’s a better defender plenty of players in the league — and he wanted to get back on the bench.

San Antonio has snapped him up, reports Marc Stein of ESPN.

Sources told ESPN that Williams — who left the Oklahoma City Thunder’s bench in February after the tragic death of his wife, Ingrid — has been urged by Spurs coach Gregg Popovich to take as much of a role with the organization as he feels comfortable for the 2016-17 campaign.

The specifics of what role Williams would fill and how much time he could commit have not yet been determined, but sources say San Antonio has opened the door to either a coaching and player-development role or a front-office position (or a hybrid), depending on what he prefers.

One source close to Williams told ESPN that the 44-year-old “absolutely” intends to be a head coach in the league again after his expected stint with the Spurs. The source also said numerous teams, including Oklahoma City, have made similar offers to Williams for next season.

Williams will get another shot in the big chair down the line. In the short term, this is a smart move — nothing looks better on a resume than “Spurs” around the league right now.

Team USA has sing-along on plane leaving Chicago. Well, except for ‘Melo.

OAKLAND, CA - JULY 26:  Carmelo Anthony #15 of the United States Men's National Team looks on during player intro duction prior to playing the China Men's National Team in a USA Basketball showcase exhibition game at ORACLE Arena on July 26, 2016 in Oakland, California.  (Photo by Thearon W. Henderson/Getty Images)
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Team USA had their “Tiny Dancer” moment.

Like “Stillwater” in Almost Famous, Team USA’s Jimmy Butler, Draymond Green and Kyrie Irving were leading a sing-along of Vanessa Carlton’s “A Thousand Miles” on the team plane out of Chicago to Houston for the USA’s final exhibition game. Hat tip Alysha Tsuji who pulled the snapchats.

Everyone was loving it… except for Carmelo Anthony, according to DeMar DeRozan.

Melo ain't having it…😂

A video posted by DeMar DeRozan (@demar_derozan) on