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.

Watch Spurs’ Dejounte Murray throw off-the-backboard alley-oop to himself in pickup game

Washington guard Dejounte Murray, center, dribbles the ball past Mount St. Mary's center Taylor Danaher (50) as Washington forward Marquese Chriss, right, watches duirng the first half of an NCAA college basketball game, Thursday, Nov. 19, 2015, in Seattle. (AP Photo/Ted S. Warren)
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Just a suggestion for rookie Dejounte Murray: Don’t do this in front of Gregg Popovich. You may not like his reaction.

That said, the Spurs needed to get more athletic this off-season — landing Pau Gasol certainly didn’t help that cause — so enter first-round pick Murray, who pulled this off in a recent pickup game.

Murray is going to be brought along slowly in a backcourt where Tony Parker and Patty Mills will be splitting time at the point. Murray is more of a combo guard and is going to have to shoot a lot better than he did in college (28.8 percent from three) to get some run. But this is a situation where the Spurs can groom him, bring him along slowly, and see if they have another draft steal.

He’s certainly got the athleticism.

Corey Brewer: “James (Harden) is going to play defense this year”

HOUSTON, TX - MARCH 18:  James Harden #13 of the Houston Rockets walks across the court during their game against the Minnesota Timberwolves at the Toyota Center on March 18, 2016 in Houston, Texas.  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 Scott Halleran/Getty Images)
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James Harden‘s defense is not as bad as its reputation.

Well, at least it wasn’t two seasons ago — his near MVP season he was in good enough shape that he could put in a respectable effort on that end and still handle his massive offensive load. There were still some mental lapses, but his focus was better and his improvement lifted the team defense. Last season, he regressed back to youtube “highlight” defense Harden — his conditioning was not where it needed to be, he didn’t expend as much effort on that end, and it showed.

Harden got a massive contract extension this summer, and Dwight Howard is Atlanta’s problem — now Harden has to lead the Rockets. By example. Corey Brewer told ESPN you’re going to see that on defense.

“I think this year he’s going to play better defense, We’re going to let the past be in the past. It’s the future of the Rockets, man. James is going to play defense this year.”

We’re all Missourians on this one: Show me.

Remember that the Rockets will be out and running — Mike D’Antoni is the coach now, and Daryl Morey is going to get the up tempo ball he wants (which Kevin McHale had them doing, but Harden didn’t like him so…). D’Antoni’s teams in Phoenix played better defense than their reputation — points per possession they were middle of the pack — but that has never been his focus.

Will Harden be able to run like he needs to on offense and still defend at a reasonable level?

If he can, it’s a big step toward the Rockets being a dangerous team in the West because if he does it others will follow. Otherwise, every Rockets game will be a shootout, which is entertaining but not going to get a team deep into the playoffs.

 

Watch Drake hit a half court shot while doing a situp

TORONTO, ON - APRIL 26:  Singer Drake celebrates after Terrance Ross #31 of the Toronto Raptors sinks a 3-pointer in the second half of Game Five of the Eastern Conference Quarterfinals against the Indiana Pacers during the 2016 NBA Playoffs at the Air Canada Centre on April 26, 2016 in Toronto, Ontario, Canada.  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 Vaughn Ridley/Getty Images)
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I can see the questions on Twitter/in the comments already so let me save you some time.

Because it’s summer.

Because it’s Drake (he’s a celebrity and an NBA hanger-on with some quasi-official position with the Raptors).

Because Stephen Curry did it, too.

Because what other hoops are you watching on a late August afternoon?

And besides, you clicked on it. You know you want to see it.

So here it is, Drake, hitting a halfcourt shot while doing a sit up. Enjoy.

FOR THE KIA!!!!! @highlighthub @bleacherreport

A video posted by champagnepapi (@champagnepapi) on

Mario Chalmers says he’s cleared to play

Memphis Grizzlies guard Mario Chalmers moves the ball during the first half of an NBA basketball game, Wednesday, Dec. 23, 2015, in Washington. Chalmers was ejected in the first half. The Wizards won 100-91. (AP Photo/Carolyn Kaster)
AP Photo/Carolyn Kaster
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Mario Chalmers was thriving with the Grizzlies after a midseason trade from the Heat when a torn Achilles ended his season.

Not the way Chalmers wanted to enter free agency.

Still unsigned, he says he’s progressing.

Chalmers:

Can he go 100%, though? If not, when?

A few teams could use another point guard. If Chalmers shows his health, he belongs in someone’s rotation. But that might require taking a low-paying deal and working his way up from the third point guard spot – or even just onto the regular-season roster.