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.

Seth Curry, Mavs hand Heat third loss in 19 games with 96-89 win

Dallas Mavericks guard Seth Curry (30) shoots against Miami Heat center Hassan Whiteside (21) during the second half of an NBA basketball game in Dallas, Monday, Feb. 27, 2017. The Mavericks won 96-89. (AP Photo/LM Otero)
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DALLAS (AP) — Seth Curry scored 29 points, Harrison Barnes added 24 and the Dallas Mavericks beat Miami 96-89 on Monday night, handing the Heat just their third loss in 19 games.

Curry looked a little like famous older brother Stephen Curry of Golden State by hitting two long 3-pointers in the fourth quarter, the latter giving Dallas a 90-89 lead. The Mavericks rallied from 14 points down in the first quarter and let an 11-point third-quarter lead get away.

Two games after scoring a career-high 31 points in a loss at Minnesota, Curry was 5 of 7 from long range to help the Mavericks improve to 2-0 with forward-center Nerlens Noel, who came from Philadelphia before the trade deadline.

Goran Dragic scored 24 points for the Heat, who went scoreless over the final 4:37 as a three-game winning streak ended.

Hassan Whiteside, a free agent target for Dallas last summer, had 19 points and 19 rebounds. Now the Mavericks are preparing for a future with the 22-year-old Noel, who had a crowd-energizing block from behind on Whiteside and finished with six points and six rebounds.

Dragic finished a 9-0 Heat run with a 3-pointer that bounced high off the front of the rim and went in for an 89-84 lead. But Miami missed its last seven shots, and the Mavericks scored the final six points on free throws after Curry’s go-ahead shot.

Curry scored 11 points in the second quarter, including a three-point play that gave Dallas its first lead at 48-46 after the Mavericks trailed by 14 in the first quarter. He had another flurry late in the third, hitting a long 3 and a pull-up jumper for the final five points as Dallas took a 78-69 lead into the final quarter.

TIP-INS

Heat: C Willie Reed won’t need a boot or crutches to treat bursitis in his right ankle. Coach Erik Spoelstra said Reed was day to day. … The visit to Dallas was the Miami’s last road game against the West this season.

Mavericks: Coach Rick Carlisle said G J.J. Barea is at least a week away from returning from a left calf strain that has sidelined him the past 16 games and for 33 of the 41 games he has missed this season. … G Quinn Cook, undrafted in 2015 out of Duke, made his NBA debut a day after signing a 10-day contract, getting two points and two assists in 17 minutes. … Seth Curry had a big night while his brother had a most miserable one. Stephen Curry was a career-worst 0 for 11 from deep in the Warriors’ win over Philadelphia on Monday.

 

LeBron James shakes off strep throat, leads Cavs past Bucks 102-95

CLEVELAND, OH - FEBRUARY 27: Rashad Vaughn #20 of the Milwaukee Bucks guards LeBron James #23 of the Cleveland Cavaliers during the second half at Quicken Loans Arena on February 27, 2017 in Cleveland, Ohio. The Cavaliers defeated the Bucks 102-95. 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 Jason Miller/Getty Images)
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CLEVELAND (AP) — LeBron James returned from a bout with strep throat and scored 24 points, Kyrie Irving added 25 and the Cleveland Cavaliers held off the Milwaukee Bucks 102-95 on Monday night.

James missed Saturday’s loss to Chicago – the Cavs fell to 0-4 this season without their superstar – and was listed as questionable before arriving at Quicken Loans Arena. He looked fit from the start, delivering an early dunk and adding one in the fourth that he capped by screaming, “That’s and one!” at MiIwaukee’s John Henson, who fouled him.

James’ dunk triggered an 11-0 run that helped put away the Bucks, who were within 86-85 midway through the fourth.

Malcolm Brogdon scored 20 to lead Milwaukee, and Bucks All-Star Giannis Antetokounmpo scored just nine on 4-of-13 shooting.

The Bucks may have sustained a costly injury as forward Michael Beasley sprained his left knee in the first half. Beasley’s knee buckled grotesquely as he tried to defend James on the baseline. He scored 11 points before going down and had to be helped to Milwaukee’s locker room.

Looking to stay on top in the East, the Cavs signed free agent point guard Deron Williams before the game.

The three-time All-Star gives Cleveland depth, someone to lead its second unit and a reliable backup for Irving. Williams negotiated a buyout of his contract last week with Dallas before being waived and informing the Cavs he wanted to join them and try to win a title.

Cleveland is more than happy to add him to a bench that has improved in the last month with the additions of Kyle Korver and Derrick Williams, who combined for 27 points in the win.

There’s also a chance the Cavs could sign free agent center Andrew Bogut, who was waived by Philadelphia on Monday and is being courted by several teams.

Derrick Williams beat the horn ending the third quarter by dropping a 3-pointer from 35 feet to give Cleveland a 77-73 lead entering the fourth.

The Cavs were down by seven earlier in the quarter before going on a 13-0 run.

TIP-INS

Bucks: Beasley started for G Khris Middleton, who didn’t make the trip as part of the team’s plan to rest him in back-to-back games. He missed three months with a torn hamstring. … G Matthew Dellavedova spent part of the pregame meeting with former Cavs teammates and coaches. He received his diamond championship ring on Milwaukee’s previous visit. … Coach Jason Kidd said it’s a treat getting to watch Antetokounmpo develop. He’s the only NBA player leading his team in points, rebounds, assists, blocks and steals. “It’s a great seat to have,” Kidd said. “When you’re able to see for the last three years, his growth and understanding, how fast he picked up things and how much he wants to be good in this league.”

Cavaliers: Irving became the eighth player in team history with 2,000 career assists. … While James was better, coach Tyronn Lue was under the weather and awaiting results on a strep test. … Deron Williams received a loud ovation when he was introduced during the fourth quarter. He has worn No. 8 throughout his career, but will don 31 for Cleveland. “My first high school number was 31,” he said. “I wanted a single number, but all of them were pretty much taken, so I went with 31.”

 

Dwight Howard pushes Al Horford, gets technical, later ejected for hanging on rim

Atlanta Hawks center Dwight Howard (8) drives past Boston Celtics center Al Horford (42) during the second quarter of an NBA basketball game in Boston, Monday, Feb. 27, 2017. (AP Photo/Charles Krupa)
Associated Press
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It ended up working out for Atlanta — the Hawks went on a 22-11 run after Dwight Howard was ejected, then hung on for a comfortable win 114-98.

Still, Howard found a way to get tossed. He did it two separate technical fouls in the third quarter. The first came when he shoved Al Horford after the Celtic big fouled Howard under the basket (always a smart move rather than give up a dunk).

The next came a few minutes later when Howard slammed then pulled himself up like a pull-up on the rim, an automatic tech every time.

That’s technicals 10 and 11 on the season for Howard. He’s got some work to do to catch up with DeMarcus Cousins, but still he’s racked up a few.

It just didn’t matter on Monday, with Dennis Schroder leading the way with 21 points for the Hawks.

 

DeMar DeRozan drains game winner to cap 37-point night, Raptors beat Knicks 92-91

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With Kyle Lowry out until around the start of the playoffs, a lot is going to be asked of DeMar DeRozan. Monday night at Madison Square Garden, he delivered.

The Raptors needed a bucket as time ran down, not only got the ball to DeRozan but got the switch so Derrick Rose was guarding him, and that allowed the Raptors star to get to his spot, rise up and bury the midrange jumper for the win.

It capped off an impressive 37-point night for DeRozan — he’s going to need to do more of this in the coming weeks.