Will Seattle billionaire Chris Hansen drastically overpay for the Sacramento Kings?

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News of billionaire Chris Hansen striking a deal with the Seattle City Council hit the wire late Monday night, as the sides have agreed to a framework on an arena deal that moves them a few smaller hurdles away from becoming an NBA-ready city (courtesy of Chris Daniels of King 5 in Seattle).

In a bit of twisted irony, the city that had its team stolen away will now set its sights on any available team, and there is no team that is more available than the Sacramento Kings, who nowadays have a different rumored destination every week.

This most recent news solidifies Seattle’s place on the top of that list, though they still need the Maloofs to sell, and they still have to outdo Sacramento. Neither task should be considered a slam dunk, or even likely at this point.

The idea that Sacramento could lose its team, of course, is a black eye for the league as the city has supported its team in every conceivable way, including where it counts financially and at the ticket gate. The only reason we’re having this discussion is because the Maloof family, internal squabbles aside, doesn’t want to be there.

Their roots are in New Mexico, Los Angeles, and Las Vegas, and being broke in relative NBA owner terms they’re looking for a short-term infusion of cash, which they hope to find by moving the team to another city that will both build them an arena and also let them keep the profits from it.

Cities such as Virginia Beach, Louisville, Vancouver, Kansas City, and the like are potential candidates if anything because they’re willing to pay to be on the NBA map. But the math starts to get fuzzy because the markets are smaller than Sacramento, and the Maloofs end up no better off than they were in Sacramento over the long haul.

That, and the NBA doesn’t really want those markets, at least not at the expense of Sacramento, where the league enjoys the No. 20 sized TV market without interference from other sports leagues. When you factor in the public relations hit of moving the team – it’s hard to see the league supporting a move and to date we have not.

Even when considering a larger market like Anaheim, the league isn’t falling all over itself to allow a move. The NBA blocked the Maloofs’ relocation attempt last year after Sacramento mayor Kevin Johnson raised over $10 million in untapped sponsorships at the drop of a hat and promised a viable arena deal. Things seemed to be moving along reasonably well and a deal for a new arena was agreed to in principle during All Star weekend in Orlando.

But that was before George Maloof created a how-to-guide for burning bridges in Sacramento. He torched the deal live on public television in a tirade for the ages, and any goodwill that was leftover at the league offices was probably lost. Commissioner David Stern has used measured words in describing the arena situation since then, and none of them have painted the Maloofs in a flattering light.

In fact, the commissioner would probably like to see the family sell the team, but as usual the issue comes down to money, antitrust law, and the other 29 owners that one day will be negotiating with both the league office and their home city about something.

Aside from not wanting anybody to tell them what to do, owners want the right to move their teams to the cities they feel they can make the most money in. Leagues don’t like to allow this as it creates a number of problems, and the courts have found that the intersection of those opposing ideals lies in the concept of a relocation fee. Relocation fees are the amount that a league can charge to indemnify parties that are damaged by an owner’s decision to move.

The law is much more detailed than this, and the case law that has been favorable to relocating owners isn’t an exact match to the situation in Sac, but one thing is clear – neither party wants to land in court over this.

And that’s why the Kings arena situation has been allowed to play out, to the detriment of the league’s image, and as an affront to the other 29 owners that one day will have to negotiate with their municipalities.

While it’s unclear right now what impact the Maloofs’ apparent bad faith dealings in Sacramento will have on other team owners seeking public subsidies, a small shift in public sentiment could cost the league and its players tens of millions of dollars and a large scale shift could put the billion dollars the league has received in subsidy back on its balance sheet.

But even with the Maloofs’ name now toxic inside the league and out, to the point it’s being pulled off the signage at the Palms, the league cannot afford a bad ruling in an antitrust case. Aside from treble damages the Maloofs would seek, which are significant, a bad ruling would be held over all sports leagues’ heads by owners wanting to play franchise free agency.

The best hope for the league has always been to see the issue play out on its own, with the Maloofs realizing that they have no options besides going back to the city with its hat in its hand, or selling the team outright.

And with Seattle standing in the on-deck circle and doing what they need to do to land itself an NBA franchise, the question on everybody’s mind is whether or not Hansen will be able to drastically overpay for the Kings.

The Maloofs owe about $70 million to the city of Sacramento and well over $100 million to the NBA, and a sales price in excess of $400 million is needed to give the 43 percent stakeholders an easy way out of Dodge. Considering the franchise is valued at $300 million by Forbes, which is a generous valuation, Hansen would need to hope that the bump of moving to a larger market in Seattle and owning land near the arena would justify the Maloofs’ likely asking price.

But more importantly, when you factor in a relocation fee, which sources tell me will be assessed to give Sacramento buyers a fair shot at buying the team, Hansen could be looking at $500 million or more to buy the Kings. After paying $300 million and counting to build an arena, that’s approaching a billion dollars to get in the game.

It’s possible that the man known for his patience will wait for a less toxic situation to pop up, and it’s fair to wonder now if the league would reconsider expansion now that multiple cities have expressed interest in NBA clubs.

As for Hansen’s involvement with the Kings, he said weeks ago that he had not made an offer to purchase the Kings after a local report emerged saying otherwise. If he decides to make a play for the team, and assuming the Maloofs are ready to cry uncle, it probably puts Sacramento on notice that it’s time to formalize an offer to buy the team.

Sources on the city’s side have indicated that they have more than one buyer lined up, and ultimately Seattle’s progress could force some sort of endgame here. If the goal is to sell for the Maloofs, then they will likely have squeezed the best sales price out of Sacramento that is possible, and anything close to a Seattle offer (after the relocation fee) will likely be supported by the league.

If the Maloofs still don’t want to sell, they’ll continue to play the dating game with other cities and the league will continue to deal with a public relations nuisance. The family will not get a different arena deal in Sacramento, and any talk of renovating the unrenovatable Arco Arena with public funds has been met with collective laughter both inside and outside of the city.

Even if the Maloofs can find a sweetheart deal somewhere else, it’s unlikely that they’ll have the clout to force a move the league doesn’t want. Sure, they may have some antitrust law on their side, but they probably can’t afford the lawsuit and even if they win, they’re left in a place where they’re not wanted. They don’t have the fortitude of antitrust victor and deceased Raiders owner Al Davis. And other than George, they want to be wanted.

In Sacramento, the framework for a deal exists not just for the Maloofs but for any owner that wants to pick up the ball and run with it.

The deal that was struck between the city, arena giant AEG, and the NBA is still considered a good deal by each of those parties, and the only thing that would theoretically change are the owner contributions. In a concept the Maloofs cannot come to grips with, if a new owner wants to pay more for arena construction they can enjoy more of the profits.

Unlike anywhere else in the country, including Seattle, an agreement can be reached in Sacramento under the current terms and design could start within about a month according to sources.

As usual, though, the story goes right back to the Maloofs and whether or not they’re ready to face the music. They can’t do nothing, as Arco Arena is dilapidated and barely up to NBA code. They’ll eventually need to do more than polish the concourse floors.  Eventually, they’ll either need to take the Sacramento offer, try to make something out of nothing in an unlikely move out of town, or sell the team.

And when the music stops and the only thing left to do is sell, will Hansen or any other buyer want to drastically overpay for this particular franchise to the extent that Sacramento can’t match the offer?

Until these questions are answered or the Maloofs are nudged out the door with greater efficiency, Sacramento Kings fans have to endure the same fears that plagued Sonics fans before their team was ultimately ripped away.  And that’s just not right.

Report: In wake of Chris Paul trade, Clippers focus on re-signing Blake Griffin

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Chris Paul is on his way to Houston in an attempt to form a superteam to challenge Golden State.

Now what for the Clippers?

They have two options: One, tear it all the way down and rebuild.

The other: Re-sign Blake Griffin, run the offense through him and put his underrated passing skills to the test while surrounded by shooters.

The Clippers are opting for door No. 2, at least for now, according to Ramona Shelburne of ESPN.

The fundamental question is: Does Griffin want to stay? The Clippers can offer more money and a larger contract, five -years starting just shy of $30 million a year. However, he will have good teams from the East calling. Miami is interested, and they have a strong point guard in Goran Dragic, a good wing defender in Justise Winslow, and a guy inside who can defend, rebound, and finish dunks in Hassan Whiteside. Plus, no state taxes on all that new money. Also, Boston (if they strike out with Gordon Hayward) and other teams will come calling. Griffin will have options.

If Griffin does stay, this could be interesting if the team is built right. Griffin is an underrated passer and playmaker — he averaged more than five assists per game last season, and that was with Chris Paul on the team. The Clippers would need to use him sort of like Denver uses Nikola Jokic, running the offense through him out high where he is a threat to score from with a midrange jumper, put the ball on the floor, or make a pass. Griffin would need to be surrounded by shooters and guys willing to work off the ball, such as J.J. Redick. Who is almost certainly gone.

If Griffin leaves, the Clippers don’t have much a choice and will have to start shopping DeAndre Jordan around and rebuilding the team (they got a fairly good haul for CP3 for that, considering the situation, Sam Decker and Montrezl Harrell are good young players who can be part of a rotation). Then Los Angeles will have two rebuilding teams, and that always makes for a great rivalry.

Report: Favoritism for Austin Rivers led Chris Paul to “despise” Doc Rivers

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If Chris Paul trusted Doc Rivers to build and coach a contender with the Clippers, he would not have been laying the groundwork with other teams in advance of free agency, then ultimately telling the Clippers he was headed to the Rockets and they should make a trade to send him there. Which they did.

That distrust isn’t just that the Clippers never got out of the second round, it was about the perception of how Rivers managed the team — specifically his son Austin Rivers. I have been told by multiple players and people around the Clippers there was a real frustration with how the younger Rivers was treated, including Austin getting a three-year, $35 million contract seen as more than he deserved.

Long-time Los Angeles-based broadcaster and current ESPN anchor Michael Eaves — who used to do the Clippers pre- and post-games shows on Fox Sports in L.A. — gave up the details on his Facebook page.

Paul’s relationship with Doc Rivers started to deteriorate rapidly after the Clippers acquired Austin Rivers. Several members of the team felt Austin acted entitled because his dad was both the coach and the President of Basketball Operations. In the view of the tenured players, Austin Rivers never tried to fit in, and when players tried to address the situation with him, he still did not respond the way the core of the team wanted him to. It led to resentment within the locker room, which often played out during games. One of Paul’s biggest contentions with Doc was that Paul, and other players, felt Doc treated Austin more favorably than other players. He would yell at guys for certain things during games and practices, but not get on Austin in the same manner for similar transgressions.

But what really solidified Paul’s dissatisfaction with Doc was a proposed trade involving Carmelo Anthony last season. New York offered Carmelo and Sasha Vujacic to the Clippers in exchange for Jamal Crawford, Paul Pierce and Austin Rivers, a deal to which Rivers ultimately said no. That event led Paul to feel that keeping his son on the roster was more important to Doc than improving the team. So, ultimately, Paul lost both trust and faith in Doc. As one league executive put it, “Chris despises Doc.”

Would having swapped out Crawford and Rivers for Carmelo Anthony really have changed the course of last season for the Clippers? No. They weren’t beating Houston, San Antonio, or Golden State because they had ‘Melo (can you imagine what Golden State would have done to him defensively in the pick-and-roll?). But whether or not saying no to the trade was the smart move by Doc Rivers, because of his previous moves it was seen by players through the prism of favoritism

Eaves goes on to point out this is a perfect option for CP3. If he and Harden can mesh in Houston — no sure thing, they are both used to being ball-dominant guards — he can re-sign next summer with them on a max contract, essentially giving himself a six-year deal with $230 million that takes him to age 38. If it doesn’t work out, he and his buddy LeBron James can team up anywhere that a team can swing cap space for two max salaries (both Los Angeles teams could qualify there, so long as Doc is gone from the Clippers).

There have been a lot of tea leaves to suggest — and more obvious signs recently such as bringing in Jerry West — that Doc Rivers’ era in L.A. may be coming to end. He’s still owed a lot of money, but power seems to be moving away from him.

Chris Paul thanks Clipper fans in online statement

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Chris Paul is as competitive a guy as there is in the NBA — he and James Harden are not the smoothest fit next to one another, but he would rather team with another star and go hard at the Warriors juggernaut than sit back and collect a check.

That’s why CP3 wanted to go to the Rockets as part of the trade reported Wednesday.

But before he left, he wanted to say thank you to Clippers fans.

Paul is committed to his charity causes, he’s not giving those up. He’s likely keeping his home in Los Angeles, too — L.A. is the unofficial off-season home of the NBA anyway.

Rockets make series of cash trades for expiring contracts to help line up Chris Paul deal

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While everyone was rightfully raving about the move by the Houston Rockets to trade for Chris Paul — you have to love a team not cowering from the Warriors but willing to take them on Game of Thrones style — there was one little catch. The trade, as first announced, didn’t pencil out.

Because the Rockets were over the cap, this trade needs to be a salary match. The Clippers were getting back nice young players in Sam Decker and Montrezl Harrell, plus a first-round pick, but the salaries still didn’t match up. Then a string of small cash deals for expiring contracts started rolling in.

All those deals are official — and led to one of the funniest tweets of the year.

All three of those players will head to the Clippers as part of the official trade, but then be waived by the Clippers so they don’t actually pay them.

Also of note, by staying above the salary cap line (as opposed to diving below it to absorb CP3’s contract) the Rockets will keep their mid-level exception, giving them a full $8.4 million to spend in free agency to get a role player to help fill out the roster in Houston.

The Rockets are not done big game hunting, GM Daryl Morey is reportedly going after Paul George and maybe free agents such as Paul Millsap. Carmelo Anthony reportedly would like a buyout so he can get to Houston now, but with Phil Jackson gone and $55 million owed over the next few years that seems more up in the air. Regardless, expect the Rockets to keep making small moves to set up big ones.