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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.

51Q: Is there any reason the Jazz won’t be really good?

LOS ANGELES, CA - NOVEMBER 25:  Gordon Hayward #20 of the Utah Jazz celebrates his three point during a timeout with Derrick Favors #15 and the bench at Staples Center on November 25, 2015 in Los Angeles, California.  (Photo by Harry How/Getty Images)
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In the non-Warriors category, it’s hard to argue that very many teams had better offseasons than the Jazz when it comes to filling holes on their roster without giving up any core pieces. Utah’s weakest position last season was point guard — with Dante Exum out for the year rehabbing a torn ACL, things got so bad that a midseason trade for career backup Shelvin Mack was considered a major upgrade. This summer, they flipped a lottery pick they didn’t really want to Atlanta in a three-team deal that got them George Hill, as solid a starting-caliber point guard as would realistically be available for them. Hill’s playmaking and outside shooting immediately improve Utah’s offense and gives Snyder a rock-solid veteran to take pressure off Exum coming back from missing a full year of action. Even if the Jazz view Exum as their long-term answer at point guard, it’s going to take him a full year to get back up to speed, and having Hill means he has to do less right away.

The Jazz’ other major upgrade came with the signing of seven-time All-Star Joe Johnson to a two-year, $22 million deal. Johnson isn’t a first or second option on offense anymore at this point in his career, but as a veteran scorer off the bench, he can still be effective and should be a great fit in the offense. Taking on Boris Diaw‘s contract could prove savvy, too, if he’s as engaged as he was in San Antonio.

Beyond the roster upgrades, the driving force of all the Jazz optimism this summer is how well all of their young pieces fit together, and the potential for improvement from all of them. Nobody knows what Exum will be, but even if Utah gets nothing out of him, they have an enviable core just entering its prime. Rudy Gobert is one of the most lethal rim protectors in the league at 24 years old. Derrick Favors has developed into an excellent all-around power forward. Gordon Hayward and Rodney Hood provide a potent scoring combo on the perimeter, and if Alec Burks is healthy, he can help there too.

Report: Incentive bonuses in Yi Jianlian’s Lakers contract would septuple his salary if he plays 59 games

RIO DE JANEIRO, BRAZIL - AUGUST 14:  Jianlian Yi #11 of China controls the ball as Nikola Kalinic #10 of Serbia defends during the preliminary round game at the Rio 2016 Olympic Games on August 14, 2016 in Rio de Janeiro, Brazil.  (Photo by Jamie Squire/Getty Images)
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Yi Jianlian’s unconventional contract terms with the Lakers had slowly emerged. He’ll earn somewhere between $250,000 and $8 million next season, $1,139,123 just for remaining on the roster through Jan. 10.

But that left a huge sum to unknown incentive bonuses.

Now, they’re known.

Yi can trigger $2,286,959 bonuses for hitting three benchmarks based on games played, according to Basketball Insiders. Here’s the running total for those incentives:

  • 20-39 games played: $2,286,959
  • 40-58 games played: $4,573,918
  • 59+ games played:$6,860,877

Whether or not he plays or is even active, Yi will earn $6,701 each day he’s on the roster from Oct. 25 until Jan. 10 (with a guaranteed minimum of $250,000 in total income). Then, if he’s still on the roster Jan. 10, Yi will lock in another $623,167. That’s his base compensation.

But the bonuses – for actually playing in games – are far more lucrative.

Here’s how Yi’s salary would increase throughout the season, which begins Oct. 25 and ends April 12, if he plays every Lakers game:

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Of course, Yi might not play every game.* So, those three big jumps can be slid back accordingly. The Lakers did well to build Yi’s contract around incentives they have complete control over.

*If Yi doesn’t trigger his first games-played bonus so quickly, his base salary ($6,701 per day) would pass his guaranteed minimum ($250,000) Dec. 1.

The NBA Constitution calls for the trade deadline to be the 17th Thursday of the regular season, which would be Feb. 16 this year – before Yi can earn his third bonus and maybe before he earns one or two. This makes him an intriguing trade chip. Because his cap number will be $8 million throughout the season, he could help fetch a higher-priced player in a trade. Then, the team that acquires him could waive him and pay only what he had earned to date.

But before it gets to that point, Yi will try to fight his way into the rotation.

There’s a lot on the line.

Jason Terry says he reached out to multiple contenders, then settled on Bucks

OAKLAND, CA - APRIL 27:  Jason Terry #31 of the Houston Rockets dribbles the ball against the Golden State Warriors in Game Five of the Western Conference Quarterfinals during the 2016 NBA Playoffs at ORACLE Arena on April 27, 2016 in Oakland, California. 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 Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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Jason Kidd wanted Jason Terry to come to Milwaukee to provide a veteran presence for a young team. There are not a lot of minutes to go around — Matthew Dellavedova and Kris Middleton start in the backcourt, and Giannis Antetokounmpo will have the ball in his hands a lot — but there is a chance for Terry to mentor and share run with Rashad Vaughn and Malcolm Brogdon.

Before signing with the Bucks, Terry said on his SiriusXM NBA Radio show Monday he considered other options including Cleveland and Golden State.

“I had a couple of contenders that I was seriously looking at. Two of them were in the Finals. I made a call to Pop. San Antonio was another one.”

“I always thought about going back and trying to finish off where I started in Atlanta. I liked what they did. And then I seriously considered Boston, though we didn’t have a conversation.”

Terry also said there was interest in the Lakers.

How many of those teams were interested in him is another question.

Last season, Terry was solid for the Rockets showing some playmaking skills, and a catch-and-shoot game that included knocking down 35.6 percent from three. But he’s not a fit everywhere, for example, an up-and-coming team like Boston makes little sense for Terry because the Celtics are loaded at the guard spots. Could the Cavaliers have used him as a Kyrie Irving backup? Maybe. But there were limited fits. As evidenced by the fact Terry took the veteran minimum to play for the Bucks.

That said, he could be a good fit in Milwaukee. I just wouldn’t get another Larry O’Brien tattoo just yet.

Report: After failing to trade him, Heat tell Josh McRoberts he is in their plans this season

BOSTON, MA - APRIL 13: Josh McRoberts #4 of the Miami Heat handles the ball in the first half against the Boston Celtics at TD Garden on April 13, 2016 in Boston, Massachusetts. 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 Mike Lawrie/Getty Images)
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When Josh McRoberts signed in Miami, he was going to be part of the post-LeBron relaunch of the team — and it seemed like a smart signing. However, in two seasons injuries have limited McRoberts to 59 games total, meaning  891 minutes. When he has played, he has been a shell of his former self. Which is too bad, because healthy McRoberts was a lot of fun to watch — he could shoot the ball to space the floor, plus was an active defender.

The Heat have tried to move McRoberts in a trade for a while now, but with no takers — the Heat were going to have to throw in a pick or other sweetener to get a deal done, so they backed off. Now, the Heat have pivoted and are telling McRoberts he is part of their future plans, according to Barry Jackson of the Miami Herald.

Though he was mentioned in trade rumors previously, the Heat has indicated to Josh McRoberts’ camp that he’s in the team’s plans for this season, his agent said, adding Miami called to go over his offseason training and make sure everyone is on the same page.

McRoberts will make $5.8 million this season and has a $6 million player option for 2017-18. But the Heat will need to dump someone with a guaranteed deal if it wants to keep point guard Briante Weber.

Why the change? Miami has a question mark at the power forward spot: Will Chris Bosh play? If so, will he be limited in minutes or travel? While there are hints from the organization Bosh will be on the court, nothing is set in stone. Behind him at the four spot are McRoberts, Derrick Williams, and the veteran Udonis Haslem.

Meaning it might be wise for Miami to hold on to McRoberts to see if he both can play and is needed. However, I’d be shocked in I didn’t hear his name come up in trade rumors again.