Maloof press conference a how-to-guide for burning bridges in Sacramento

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That press conference was so George Maloof.

The nearly 90-minute presser was everything a good old fashion PR nightmare should be. It started as a PowerPoint presentation delivered in monotone prose by Maloof attorney Barry McNeil, and ended in a classic George Maloof back-and-forth with media members that bordered somewhere between ‘desperate’ and ‘tirade.’

The purpose of the press conference was masked as a battle for the hearts and minds of the viewer, as the attorney McNeil took the audience through a chronology that was most likely presented at the Board of Governors meeting the day before. This chronology, of course, presented the Maloofs as victims in the arena ordeal.

But in reality, the presentation was littered with legal markers that both attacked the city of Sacramento and the NBA for its handling of the arena situation. They attacked the NBA and city of Sacramento for being complicit in its refusal to address the Maloofs’ problems with the now-infamous term sheet, and said that it wasn’t Gavin Maloofs’ responsibility to raise concerns when he spoke at the Sacramento City Council meeting in support of the term sheet that was approved 7-2 by the council on March 6.

Aside from several burn-every-bridge-in-sight-with-kerosene moments, George and his team of economists and attorneys brought the case against a Sacramento arena into focus. They specifically discussed the risks to the city and cited a disastrous, but 100 percent different city-funded arena in neighboring Stockton.

They rattled off every reason not to do the arena deal, and expressed a mixture of frustration, anger, and exasperation toward Kevin Johnson, the NBA, and the media covering the events. Though they said that relocation is off the table, the money quote was “if the mayor says he’s not negotiating, then he killed the deal and it’s over. It’s over.”

So translated, yes, relocation is on the table.

Johnson, of course, went on the offensive late Thursday night with a letter to the Maloofs telling them specifically that no negotiation would occur in today’s meeting between the sides.

At the core of the issue is, shocker, money. As simple tenants, the Maloofs aren’t getting the revenue they would like to within their agreement with AEG, the company that will operate the proposed $391 million Entertainment and Sports Complex. The other issue is up-front money, as the Maloofs’ immediate beef with the current proposal is the $3.26 million pre-development costs that could eventually become sunk costs if the arena deal goes south.

But that is chump change, and the real issue is that the Maloofs will not have to pay up-front money in Anaheim, and in the Maloofs’ newest stroke of genius – in their recommendation that a renovation of Power Balance Pavilion is a superior option compared to a new downtown arena – that too would require less up-front money by the Maloofs. Under the current downtown arena proposal, the Maloofs would need to come up with $73 million in an up-front payment for the type of shiny new world-class arena that AEG likes to build.

In other words, they don’t want the outlay and they want the inlay, you dig?

The new wrinkle introduced by George, the renovating of the current Power Balance Pavilion, was particularly shocking after that option has been widely derided by all sides of the arena equation, including the Maloofs, for years.

But what this has all come down to is the Maloofs challenging the NBA to tell them that they cannot move. It appears that they feel they cannot make money in Sacramento with a new arena, and for years they have said that they cannot make money in Sacramento at the old arena.

The Maloofs pulled this same act when they did not like the terms and conditions of the 2006 measure Q & R, so after they accidentally destroyed the measure by flaunting their money in a Carl’s Jr. ad, they actually pulled their support – leading to the 80/20 public vote against the measure.

Now they’re going to try to destroy the current downtown arena deal because they don’t like the economic split with AEG. Perhaps the new idea of staying at Power Balance is their fallback position, a position that they believe they can negotiate a better revenue share out of, but make no mistake this is a scorched-earth policy. They are going to kick and scream until they get what they want, which is usually what people who get what they want do when they don’t get what they want.

In this desperate moment they showed emails from NBA representative Benjamin Harvey, who told the Maloofs that their requests to revise the term sheet that was agreed upon in Orlando was not going to be introduced to the Sacramento City Council for “political reasons.” They torched the 25 business leaders that asked for their ouster, torched mayor Kevin Johnson, and torched the principals of the deal that will provide $255 million in public money toward their enterprise. Their delivery was not polished, and at times it was reckless. Their economist cited measurement mechanisms that would make his colleagues cringe. The interplay between George Maloof and his attorneys was often scattered and unprepared. Gavin and Joe Maloof, were shoved into the corner and barely given the chance to speak.

It’s just an educated theory, but at some point the Maloofs likely realized that the NBA isn’t in their corner anymore, and was negotiating a deal that was more concerned about rewarding Sacramento and AEG with a fair deal than it was about giving a handout to the Maloofs. Five years ago when the Maloofs’ payroll was busty and their finances were better, the NBA would have likely fought tooth and nail to get every last cent for ‘the boys.’

But this is what happens when you begin to bring public shame to the logo. The Maloofs don’t have enough money to run an NBA franchise the way it ought to be run. There was a point in time the Maloofs could have said that the city of Sacramento was dragging its feet and not paying the price of being an NBA town. But Kevin Johnson changed all of that when he made this a keystone issue of his political career, and now the shoe is on the other foot. It’s the Maloofs that stopped running their business with the aggressive intent to make things work in Sacramento. In this messy business of trying to move a franchise, they’ve brought the league embarrassment by dragging one of its best fan bases through the mud. This comes just a handful of years after Seattle’s civic leaders balked at David Stern’s threats, and the story of the abandoned Sonics fan is now a television moment. Now, documentaries show the ugly side of NBA economics and in this day and age of Twitter, every fan can be plugged into all the messy details that were once swept under the rug.

David Stern is going to speak in moments about the issue. The Maloof attorneys took a lot of liberties with how they presented the NBA involvement, and surely Stern is going to take umbrage with the tonalities used by the attorneys to explain the NBA’s positions. Now we’re going to see how far the NBA is willing to go to protect its small market with a big heart. The city of Sacramento clearly has its ducks in a row and can provide ownership with deeper pockets that will wear the logo without embarrassment. The only question is whether or not the NBA is willing to clip one of its own in order to do what’s best for the group.

Minnesota’s Wiggins considers contract deal without agent

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MINNEAPOLIS (AP) — Andrew Wiggins says he feels good about a max contract offer that is sitting in front of him with the Minnesota Timberwolves. But he’s in no rush to get it signed.

Wiggins says he is going over the five-year, $148 million offer from the Wolves deliberately to make sure everything is where he wants it before he signs. He is being extra careful because he is operating without an agent after parting ways with Bill Duffy and BDA Sports in August.

Wiggins says he has only positive things to say about Duffy. But he made the decision “from a business point of view.” He says he is leaning on parents, who were both high-profile athletes.

He says he appreciates the level of commitment the Timberwolves have shown and wants to be in Minnesota for the long term.

 

Report: Carmelo Anthony adds Cavaliers, Thunder to list of teams where he will accept trade

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Carmelo Anthony wants most of all to be traded to Houston (and he has leverage thanks to the no-trade clause Phil Jackson/James Dolan gave him). However, to make the deal work the Rockets needed to unload the three-year, $60 million contract of Ryan Anderson — which the Knicks do not want, and neither did any third team without a couple high first-round picks as a sweetener. Also, the Knicks wanted quality you assets back the Rockets didn’t have (or would part with), so the deal was dead. Anthony tried to wait it out, but nothing happened, and at this point the Knicks expect ‘Melo in camp Monday.

In the face of that, Anthony has expanded his list of teams where he will waive his no-trade clause to include the Cleveland Cavaliers and Oklahoma City Thunder, according to multiple reports.

Adrian Wojnarowski of ESPN was first with the news about the Cavs.

Carmelo Anthony, a 10-time NBA All-Star, has delivered the New York Knicks an expanded list of teams — including the Cleveland Cavaliers — with which he’d be willing to waive his no-trade clause, league sources told ESPN.

After the Knicks insisted that they were unable to make a deal with the Houston Rockets, his primary trade destination, Anthony and his representatives honored New York’s request and furnished at least two more teams within the past 10 days, league sources told ESPN.

ESPN’s Ian Begley filled in the details.

Cleveland was on the initial list of teams Anthony gave the Knicks (teams he would waive his no-trade for) but the Knicks wanted Kevin Love and Cleveland shot that down (that was before the Kyrie Irving deal, now Cleveland is even less likely to make that trade). The Cavaliers don’t have a lot of young talent on their roster, and that’s what the Knicks will want back in a deal, picks and players who are on Kristaps Porzingis‘ career arc.

If Cleveland was willing to throw the 2018 Brooklyn Nets pick in the trade it would get done quickly, but I have been told (before this news) Cleveland would not part with that pick, they see it as “LeBron leaves” insurance.

You can bet LeBron James is pushing to get Anthony on the Cavs. Adding him and Dwyane Wade — when Wade is bought out by the Bulls (eventually) — would move the Cavaliers a little closer to the Warriors, although both Wade and ‘Melo are bad defensive matchups against Golden State.

Oklahoma City would likely use Enes Kanter in any trade because his $17 million salary helps balance the money. However, the Thunder are like the Cavs in that this is not a roster with much young talent that the Knicks would want. Guys like Doug McDermott and Kyle Singler are not going to cut it.

It could take a third team to get a deal done with either the Cavaliers or Thunder.

While there had been rumors Portland was still trying to get in — that’s a team with multiple ways to make that trade if they are willing to send Zach Collins and picks to New York — multiple reports out of New York say the Blazers are not one of the teams on Anthony’s list, something first reported by Stefan Bondy of the New York Daily News.

Anthony may well get moved before the start of the season now, but not likely before training camp opens for the Knicks Monday. So that awkward set of questions still gets to take place.

 

We have a (very minor) trade: Troy Daniels to Suns for pick

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Memphis had more than the max 15 guaranteed contracts on the books, and the cost of unloading one of those turns out to be a second-round pick.

Troy Daniels, who is owed $6.7 million over the next two years, has been traded from the Memphis Grizzlies to the Phoenix Suns, a story broken by Shams Charania of The Vertical at Yahoo Sports and since confirmed by the teams themselves. As part of the deal, the teams swap 2018 second round picks (however the Phoenix pick going to Memphis is top 55 protected, meaning it doesn’t move unless the Suns are a top five team ext season). Basically, Memphis has three second-round picks in 2018 and Phoenix gets the middle one as the sweetener for taking on the contract.

This trade is really about Memphis clearing a roster spot and some salary space, and Phoenix being willing to take it on for a second round pick.

Interestingly, Daniels and Suns star Devin Booker got in a little war of words at the end of a game last season.

The Suns consulted with Booker about that before pulling the trigger on the deal.

Pat Riley raves about Dwyane Wade, but avoids all contract talk

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MIAMI (AP) — Dwyane Wade is under contract with the Chicago Bulls, meaning other NBA clubs cannot openly talk about possibly signing him until he is a free agent. As such, Miami Heat President Pat Riley was cautious Friday when asked about Wade’s future.

Wade spent his first 13 seasons in Miami before leaving in the summer of 2016 and going to the Bulls, his hometown team. But Chicago appears in full rebuilding mode after trading All-Star forward Jimmy Butler – someone Wade was close with – to Minnesota this offseason. And since Wade is in the last year of a deal that will pay him nearly $24 million this season, buyout speculation has been rampant for months.

If Wade gets a buyout, he’d be free to join any team.

“I feel great about our relationship that we had over the 13 years,” Riley said. “And anything that happens from a personnel standpoint down the road, or any opportunities that are there, we’re always going to approach that. But right now he’s under contract. He’s under contract with Chicago and I wish him the very best.”

Some Heat players, including longtime close friend Udonis Haslem, have made clear that if Wade becomes a free agent they would definitely want him to consider a return.

“He knows how I feel,” Haslem said this month.

Riley – and every other NBA executive – has to be much more guarded. But Riley made no secret of the affinity he still has for Wade, even raving about his wife, actress Gabrielle Union.

“She was stunning at the Emmys,” Riley said. “And to see him sitting in the seat next to her at the Emmys, I said `Man, we both have come a long way.”‘

The Bulls hold their media day Monday, with camp opening Tuesday. Wade spent at least part of this week in Miami, where he kept his home, and worked out at least once at the University of Miami .

Bulls President John Paxson told CSN Chicago on Thursday he and general manager Gar Forman sat down with Wade when the season ended, and plan to do so again when he returns to Chicago in the coming days.

“We were honest with him. We told him, that we don’t know what’s going to happen,” Paxson said. “At that time we were not shopping Jimmy. But we also said all along that if a deal would come along that would allow us to rebuild, we’d have to look at it. We’ve said that to everybody. So with that said, Dwyane’s under contract. He has been a professional through and through. We want to talk to him when he comes in town, and we will.”

Wade is Miami’s franchise leader in several categories, starred on all three of the Heat championship teams and has kept close ties with several people within the organization since his departure. He was the MVP of the 2006 NBA Finals.

“Probably one of the greatest series that any player has ever had in a Finals,” Riley said.