Comcast-Spectacor hasn’t spoken with Kings at all, arena project barely off the ground

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Unless there is more to come in the next few days, the Virginia Beach arena press conference didn’t do much to sway the overwhelming opinion that the Sacramento Kings are nowhere near moving there.

There were no Maloof appearances, but president of Comcast-Spectacor Peter Luukko spoke to the Virginia Beach city council in support of bringing a pro sports franchise into town.

When posing the question of why Comcast-Spectacor would get involved in the Virginia Beach market, Luukko offered two reasons, including the numerous business relationships the company has in the area and that the area “is one of the largest underserved markets (for sports) in North America.”

Luukko and Virginia Beach director of economic development Warren Harris jointly said that they would negotiate with pro sports franchises over the next two months, and that a 25-year lease would be fulfilled by the sports and entertainment giant, assuming a deal can be worked out of course. And in the unlikely event that Virginia Beach wants to stick to that timetable, it’s difficult to see the NBA racing to cooperate with that deadline unless they somehow believe that this is the endgame for the Kings.

Given what we have seen so far, that’s not likely the case, with just one reason being that David Stern loves the No. 20 Sacramento TV market that shares no space with other pro sports teams.

Virginia Beach, on the other hand, is the No. 43 TV market and that fact was not lost upon councilman Bill DeSteph, who quickly and methodically picked apart the presentation made by the city. Pointing out inconsistencies in the criteria used for market size, he called the city’s presentation “misleading” and repeatedly asked for “apples to apples” comparisons of the data used to similarly compare Virginia Beach with Sacramento.

“If we’re talking about Sacramento, let’s go out 100 miles and let’s include the San Francisco Bay Area and let’s include Fresno,” said DeSteph.

If similar radiuses had been used in the presentation then the three million people boasted by Virginia Beach would compare to 10 million on the Sacramento side.

Cost was another issue for DeSteph, who asked and was told that the $350 million price tag for the arena was an estimate and that no cost analysis had been done. He would later ask for a public vote if public funds were going to be used to pay for the arena, which is usually a death-knell for projects of this type.

For his part, mayor William Sessions followed up the emphatic opposition by some council members by pounded his hands on the table in front of him, exclaiming “me and the vice mayor will keep you updated on a weekly basis!”

Regardless of the support from notable local figures that was highlighted in Tuesday’s PowerPoint presentation, it’s clear the city council is at square one with the project. And of the three councilmen that spoke on Tuesday, two of them appeared dead set against the use of public funds and both of them openly questioned the validity of the city’s initial proposal.

On the other hand, Comcast-Spectacor is a big player in the sports and entertainment marketplace and is a serious investor here. They clearly see an opportunity in Virginia Beach, but the city is now at the starting line of a long, arduous race that includes a laundry list of municipalities that want pro basketball.

As for the purple elephant in the room, the Kings, who had not issued any specific denial of the past week’s reports and were instead tweeting out photos of their newly shined concourse floor — Luukko said that Comcast-Spectacor has not talked with them at all.

“We have not had any formal talks with the Kings. We have not had any talks,” said Luukko, which is about as specific of a denial as can be expected.

This would line up with what sources close to negotiations have said is a project being driven by the Virginia Beach side, that just happens to fit the Maloof’s current strategy of waiting and hoping that another city can provide a viable offer to move.

This sentiment was echoed by Carmichael Dave, a well-connected arena proponent and local radio personality whose dismissal from the team-sponsored radio station drew raised eyebrows in Sacramento. On his new show on the CD Networks, sources of his close to the team said that the Maloofs had rejected an offer from Seattle billionaire Chris Hansen which was upward of $400 million.

Dave also added that those sources said the Maloofs were “looking more to relocate than to sell.”

Of course, everything from the Maloof camp is part conjecture and part conundrum these days. Sources close to the situation say that the family is split internally and that George Maloof, in particular, is holding a grudge and wants to leave Sacramento. The family name has been removed from the Palms Hotel and Casino, which doesn’t exactly scream $6 million burger, and sources say that ticket sales and sponsorships continue to suffer as the team remains in limbo.

If there can be any good news for Kings fans during this debacle, it’s that the Maloofs do not appear to have filed any Virginia-based trademark applications for the terms ‘Kings’ or ‘Royals,’ and their trademark attorney Scott Hervey has no new trademark applications on file with the US Trademark office. Their trademark application for the terms ‘Anaheim Royals, Los Angeles Royals, Orange County Royals’ and my favorite ‘Anaheim Royals of Southern California’ has, however, been held up by an opposition from the Kansas City Royals of Major League Baseball.

On the other hand, marketing consultants for the city of Virginia Beach have registered the websites vbkings.com and virginiabeachkings.com, and along with a legitimate partner in Comcast-Spectacor the Virginia Beach threat will continue to loom for Kings fans – no matter how overstated the threat may be at this time.

And until the NBA can effectively shove the Maloofs out the door with the franchise intact in Sacramento, who league sources say has done everything that was asked of them to keep the team, these stories are going to continue to pile up and be a black eye for the league.

Tim Hardaway Jr.’s reported reaction to Knicks’ $71 million offer: ‘Man, that’s crazy’

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Knicks acting (now long-term) front-office leader Steve Mills signing Tim Hardaway Jr. to a four-year, $71 million offer sheet shocked some within the Knicks.

It also apparently shocked someone who wasn’t (yet) with New York – Hardaway himself.

Pablo Torre on ESPN:

I was talking to somebody who would know about the Tim Hardaway Jr. scenario. Tim Hardaway Jr.’s first words after signing that contract: “Man, that’s crazy.”

In the likely event Hardaway doesn’t live up to this massive contract, he’ll get blamed – and the scorn will be hotter in New York.* That’s not fair, as Hardaway was just taking the money offered to him. He wasn’t getting anywhere near that much anywhere else. But it is reality.

*It’s a lesson Kyrie Irving, who could land anywhere, could stand to remember as he reportedly hopes for the Knicks to trade for him.

As hilarious as Hardaway’s response was, it doesn’t top Tyler Johnson for my favorite reaction to a loaded offer sheet.

Report: As Kyrie Irving rumors swirl, Timberwolves still negotiating extension with Andrew Wiggins

AP Photo/Jim Mone
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The Timberwolves were working on a contract extension for Andrew Wiggins.

Then, Kyrie Irving‘s trade request became public. He reportedly listed Minnesota among his preferred destinations. Jimmy Butler (a friend of Irving’s) and Karl-Anthony Towns have petitioned Timberwolves management to add Irving, and the team is exploring a deal. Wiggins fits perfectly what Cleveland is said to be seeking.

So, where do extension talks stand now?

Darren Wolfson of

The Timberwolves could simultaneously be exploring multiple paths. They might want to trade for Irving, even if it means including Wiggins. They might want an extension lined up with Wiggins in case they don’t. They’re not committed to either direction until they finalize something.

They’re not even committed to keeping Wiggins if they extend him.

It’d complicate an Irving trade, to be sure. Wiggins outgoing salary would still count as his actual salary ($7,574,323), but his incoming salary to Cleveland would count as the average annual salary of the entire deal – the final season of his rookie-scale contract and the extension years both included.

But there’s no time period after signing Wiggins to a rookie-scale extension where the Timberwolves would be prohibited from trading him. He could also sign an extension with the Cavs anytime between a trade and Oct. 16. Minnesota might be assessing Wiggins’ extension demands on behalf of Cleveland, which would surely be interested in extending him in accordance with a trade.

If the Timberwolves actually sign Wiggins to an extension, that’d send a big signal they don’t plan to trade him for Irving – but even that wouldn’t be a deal-breaker. Until a deal becomes official or more concrete word leaks of Minnesota’s plan, I wouldn’t assume a Wiggins-for-Irving deal is off the table.

Report: Kyrie Irving ‘very badly’ wants trade to Knicks

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Kyrie Irving, who grew up in New Jersey, listed the Knicks among his preferred destinations in a trade.

Is New York his top choice?

Pablo Torre on ESPN:

I got a phone call, and the voice on the other end of that phone call is a trustworthy person. And he was saying to me that Kyrie Irving very badly wants to be a New York Knick. Kyrie Irving wants to come home.

Irving is less valuable than Kristaps Porzingis and more valuable than Carmelo Anthony, and the Knicks can’t easily bridge either gap. They reportedly won’t trade Porzingis for Irving, a wise move. Anthony – who possesses a no-trade clause – is reportedly set on the Rockets. An Irving trade would almost certainly have to be centered around one of those two players.

Maybe Cleveland can work its way into a multi-team trade with Anthony going to Houston, but it’s unclear where the assets the Cavs are seeking would come from.

When Irving requested a trade, he should have known he’d lose control of the process. Locked up for two more years and without a no-trade clause, Irving has minimal sway. His relationship with the Cavaliers looks increasingly unworkable, but they could deal him anywhere.

That said, I can see why he’d want to go to New York – big market in his home area, a team he could take over. Even as Porzingis grows in stature, he’s not a ball-dominant player who’d step on Irving’s toes.

But this just feels like a Stephon Marbury redux. From owner James Dolan down, the Knicks are poorly run, and their stars – beloved when welcomed – usually leave with their reputations damaged.

By the way, what happened to the Spurs being Irving’s top choice? In a situation like this, sometimes people close to the player have differing preferences and leak accordingly. That could have just been someone near Irving pushing for his or her choice for the guard – and this could be, too.

If players thought this year’s free agent market was tight, next summer could be “nuclear winter”

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Plenty of agents spent this summer trying to explain to their clients that the summer of 2017 was not the summer of 2016 (one I know of even was thanking media members in Las Vegas who wrote about how tight the free agent market had gotten so he could show his clients). Players saw the ridiculous contracts of 2016 — Timofey Mozgov got four-years, $64 million; Bismack Biyombo got four years, almost $70 million; and that’s just the tip of the iceberg, players deep into rosters were overpaid — and thought this summer it would be their turn.

Except it wasn’t. In 2016 the salary cap spiked from $70 million to $94 million and that meant 27 teams entered free agency under the cap (and the teams over it spent big to re-sign their own), and $5 billion in contracts were handed out. This summer, 14 teams were under the $99 million cap and about $3 billion was handed out — and once the stars such as James Harden got paid big, the market dried up and players got less than expected. Four-time All-Star and elite defender Paul Millsap would have been a clear max a year ago, he could “only” get three years (at age 31) at $4 million less than his max. Kentavious Caldwell-Pope would have been a lock max in 2016, he signed a one-year deal with the Lakers for $18 million this summer. And further down the list guys like Rajon Rondo are signing team-friendly deals.

And next summer is going to be a far tighter market. As Tim MacMahon and Bobby Marks of ESPN point out, the free agent class of 2018 is going to pay for the excess of 2016.

The early projections for 2018-19: nine teams with cap space, and potentially 10 teams paying luxury tax.

“The real story is the nuclear winter for free agents coming next year,” one team executive with authority to make personnel decisions told ESPN. “Teams planned the last two summers for the cap to be much higher. The fact that it went way down from the projections crushed teams.”

Another general manager put it this way to ESPN:

“What I see all the time is players not understanding why, ‘This player got this, but I get that?’ They want it to make sense and it just doesn’t make sense. I think you’ll see a lot of agents get fired.

“The top guys will always feed first and then the year of the cap spike, there was a lot left for everybody else to feed. Next year, the top players will still get theirs, and then there will be not much left.”

NBA teams are not going to negotiate deals off the mistakes of 2016, they see that as the outlier to be ignored.

The Summer of 2018 is loaded with top free agents who are going to get max contract offers from their own teams and those with enough cap space to try and poach them — LeBron James, Kevin Durant (he will re-sign with Warriors), Russell Westbrook, Paul George, Chris Paul, DeMarcus Cousins, plus restricted guys who could see max deals such as Joel Embiid and Nikola Jokic. There’s even a second tier of guys who will be maxed out or close to it — Andrew Wiggins (extension eligible right now), DeAndre Jordan, Isaiah Thomas, and others.

But that next tier down? How much will teams pay for Robert Covington? Aaron Gordon? Clint Capela? Kentavious Caldwell-Pope? Danny Green? And for guys counting on the one-year deals they signed this summer to boost their stock — we can use Derrick Rose as an example — even if they play well they may not see the money they expect.

The league and owners had wanted to smooth in the salary cap spike of 2016, raising it fair amount over three or five years to avoid the spending spree, but the players’ union rejected that idea. For the free agents in the summer of 2016 that worked out well. For the ones in the 2018… not so much.