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

5 Comments

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.

AP source: Bulls agree to 2-year deal with Mirotic

Getty
Leave a comment

CHICAGO (AP) A person with knowledge of the situation says the Chicago Bulls and forward Nikola Mirotic have agreed to a two-year contract that could pay as much as $27 million.

The person spoke to The Associated Press on the condition of anonymity Sunday because the deal has not been announced. The Bulls hold an option on the second year.

The 6-foot-10 Mirotic averaged 10.6 points last season. He has scored 10.8 per game over three seasons.

The Bulls are rebuilding after winning 41 games and losing in the first round of the playoffs. They traded All-Star guard Jimmy Butler to Minnesota on draft night for three players 23 and younger – Zach LaVine, Kris Dunn and the rights to No. 7 overall pick Lauri Markkanen.

Yahoo Sports first reported the agreement.

More AP NBA: http://www.apnews.com/tag/NBAbasketball

Sparks, Lynx take part in pregame demonstrations prior to WNBA Finals

1 Comment

The WNBA has been no stranger to demonstrations of social conscience in recent years. On Sunday, things were no different.

Before the Game 1 of the 2017 WNBA Finals, both the LA Sparks and Minnesota Lynx participated in their own pregame demonstrations.

The Sparks, similar to many NFL teams on on Sunday, stayed inside the locker room during the national anthem. The Lynx decided to take the court, but linked arms in their own show of solidarity.

This came in response to Trump’s recent comments about Colin Kaepernick. The former “Trump Steaks” founder called anybody who “disrespects our flag” a “son of a bitch”.

That prompted many NFL team mates to join together in their own demonstrations, either kneeling for the national anthem or staying inside their locker rooms.

Trump also decided to disinvite the Golden State Warriors after star Stephen Curry said that he would vote know heading into a team meeting to discuss whether they should visit the White House as the reigning NBA champions.

That prompted response from several players around the NBA and in Golden State, as well asWarriors coach Steve Kerr, who asked for Trump to remember that he represents the entire nation and not just his constituency.

Meanwhile, Game 1 of the Finals was pretty incredible with the Sparks winning thanks to a Chelsea Gray jumper with two seconds left to make it 85-84. LA leads Minnesota in the series 1-0.

Report: Chicago Bulls and Dwyane Wade reach agreement on buyout

Getty
4 Comments

Well it finally happened.

According to Chicago Tribune, the Chicago Bulls and Dwyane Wade and have reach an agreement on a buyout.

This has been coming for some time, as it does not make sense to have Wade in the fold for a young Bulls team moving forward. Both sides seem to have been at a stalemate for some time as Wade’s salary is $23.8 million for the upcoming season.

Wade will now be free to move to another team, and many people think that he will be headed to the Cleveland Cavaliers to join his pal LeBron James.

Via Twitter:

The Cavaliers are over the cap, so the only deal Wade would be able to sign at the moment would be for the veteran minimum.

The full banana boat crew of Chris Paul, Carmelo Anthony, Lebron, and Wade were not been able to get on a single team this offseason, so Cleveland does seem to be the most likely option.

What Wade can bring to the Cavaliers is another question. Cleveland has relied heavily on Richard Jefferson over the past two years, so it’s not out of the ordinary for them to use a veteran often. Wade has certainly declined in recent seasons but his per-100 possession statistics show he could still be useful for a championship-level team needing a bench ball handler and scorer.

Whether he would accept that role is another thing altogether, and if role is important to Wade moving forward he could end up in a different place than with James in Cleveland.

San Antonio is another interesting place for him to land, although so to is back home in Miami. We still have yet to see where Wade will sign, but this is just yet another item to declare this NBA offseason the greatest of all-time.

Report: Knicks wanted Cavs’ Tristan Thompson in potential Carmelo Anthony trade

Getty
Leave a comment

Carmelo Anthony is now a member of the Oklahoma City Thunder, but save for a refusal from the Cleveland Cavaliers he could have been playing with LeBron James this season.

According to Cleveland.com, the New York Knicks apparently tried to complete a trade with the Cavaliers before settling with the Thunder.

The centerpiece of the potential trade with Cleveland would have been power forward Tristan Thompson, a favorite of LeBron. The Cavaliers apparently decided against making that trade, which is how we wound up with Anthony heading to play with Russell Westbrook and Paul George.

Via Cleveland.com:

The Knicks wanted Thompson, 26, a center who like James is represented by Rich Paul. The Cavs told them no. Thompson is under contract for three more seasons, beginning at $16.4 million this year. Cleveland was willing to do a deal that would’ve cleared some contracts off the books, such as sending Iman Shumpert ($11 million this year) and others.

New York also asked about one of Cleveland’s two first-round choices for 2018, and the Cavs weren’t about to part with either.

The Cavs view the Brooklyn pick they own for 2018 as invaluable for multiple reasons. Trading the Knicks their own first-round pick would prevent them from being able to move the Brooklyn pick later this season.

Obviously an important backstory here is how much LeBron likes Thompson, and that they share the same agent. Thompson remains a somewhat underrated part of the Cavaliers overall success during the regular season.

Thompson played much of the year at center for the Cavaliers last year, apparently making it his permanent position. Cleveland’s roster without Thompson but with both Kevin Love and Carmelo would have been an odd mix, forcing Love to likely be the person to play the 5.

It makes sense that the Knicks would want to Thompson, and it also makes sense that the Cavaliers refused.