chris hansen seattle

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.

Pacers force Game 7 against Raptors with 101-83 win

of the Toronto Raptors against the Indiana Pacers in game six of the 2016 NBA Playoffs Eastern Conference Quarterfinals on April 29, 2016 in Indianapolis, Indiana.  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.
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INDIANAPOLIS (AP) Paul George scored 21 points, Myles Turner added 15 and the Indiana Pacers beat the Toronto Raptors 101-83 on Friday night to force a Game 7 of their series.

That will be played Sunday in Toronto, and the winner will advance to the Eastern Conference semifinals.

Indiana scored 18 straight points in the second half to pull away from the second-seeded Raptors, who haven’t won a postseason series since the first round in 2001.

DeMarre Carroll and Cory Joseph each had 15 points for the Raptors.

Kyle Lowry (4 for 14) and DeMar DeRozan (3 for 13) struggled again, and now the Raptors will head home and hear again about their troubled playoff problems: a Game 7 loss at home to Brooklyn in 2014, Washington’s four-game sweep last season and no series wins in a seven-game series. And there 15-year victory drought is the longest active streak in the league.

Indiana trailed by as much as 12 early, never led until early in the third quarter and had to fend off a late third-quarter charge from the Raptors before blowing it open in the fourth.

After Toronto cut the deficit to 65-64, Indiana responded by scoring the last six points of the third and the first 12 of the fourth to take an 83-64 lead.

The Raptors never recovered.

For Indiana, it was a dramatic turnabout.

Three days after blowing a 13-point, fourth-quarter lead, they came out flat. The Pacers struggled to make baskets, struggled to defend and played catch-up the entire first half after Toronto took an 18-6 lead just 6 1/2 minutes into the game.

But once the Pacers got righted, they took control and pulled away.

Indiana rebounded from a 44-40 halftime deficit with a 10-2 run to take its first lead, 49-48 on Ian Mahinmi‘s tip-in with 9:33 left. They extended the lead to 63-55 before Toronto charged back to get within 65-64 in the final two minutes of the quarter.

Indiana scored the next 18 points to seal it.

GOLDEN CROWD

Indiana handed out gold T-shirts to fans at the game and it caused a bit of a stir because the wording on the shirts read: United State of Basketball, We The Gold. It was a twist on Toronto’s motto – We The North. Raptors coach Dwane Casey didn’t seem to mind that Indiana stole the idea. “I know that they have a great home court. You know you’re in Pacers territory because of all the gold shirts,” he said. “But what happens between the lines for 48 minutes is what I’m concerned about.”

TIP-INS

Raptors: The Raptors wound up getting outrebounded 44-40 after dominating the post in the first half. … Jonas Valanciunas had 14 points, Lowry had 10 and DeRozan finished with eight. … Bismack Biyombo grabbed 10 rebounds. … Toronto gave up 20 points on 17 turnovers. … The last time the Raptors led a series 3-2 was in 2014 against Brooklyn. But the Nets won 97-83 on their home court before clinching the series with a 104-103 victory in Game 7 at Toronto.

Pacers: Turner blocked four shots, giving him 19 in the series to break Antonio Davis’ previous franchise rookie record in a six-game series. … Indiana started the second half by making five of its first seven shots. … Actor-comedian Mike Epps, who lives in Indy, attended the game. … The Pacers have won four straight elimination games on their home court.

Heat hang on with Wade’s heroics, force Game 7 vs. Hornets

CHARLOTTE, NC - APRIL 29:  Dwyane Wade #3 of the Miami Heat directs teammates against the Charlotte Hornets during game six of the Eastern Conference Quarterfinals of the 2016 NBA Playoffs at Time Warner Cable Arena on April 29, 2016 in Charlotte, North Carolina.  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 Streeter Lecka/Getty Images)
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“It’s a make-or-miss league” has been a worn-out cliche in the NBA for years, but it was never more apt than Friday night. Dwyane Wade, a career 28.4 percent three-point shooter who hadn’t hit a shot from beyond the arc in the calendar year of 2016, knocked down two threes late to help the Miami Heat hold on and beat the Charlotte Hornets, 97-90, to force a Game 7 on Sunday.

Wade finished with 23 points on 10-for-20 shooting along with 6 rebounds and 4 assists to lead Miami, and had a key block in the closing minute to stave off a Charlotte comeback. The Heat held off Kemba Walker‘s 37-point explosion, which kept Charlotte in the game for much of the second half even as they never led in the third or fourth quarters.

Neither team got much out of their benches, and Miami overcame a rough night from Goran Dragic (6-for-17 from the field) and Hassan Whiteside fouling out in just 28 minutes of action. A three by Walker cut Miami’s lead to 90-88, the closest the Hornets got in the second half.

The two teams will now play a Game 7 in Miami on Sunday, with the winner facing the winner of that same day’s Game 7 between the Raptors and Pacers.

Lakers announce hire of Luke Walton as head coach

CHICAGO, IL - JANUARY 20:  Interim head coach Luke Walton of the Golden State Warriors chats with referee Derrick Stafford #9 during a game against the Chicago Bulls at the United Center on January 20, 2016 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using the photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Jonathan Daniel/Getty Images)
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Less than a week after firing head coach Byron Scott, the Lakers have their man to replace him: Luke Walton, who is currently associate head coach with the Warriors and coached the team to a 39-4 start to the season while Steve Kerr was out recovering from offseason back surgery.

The Lakers announced the hiring of Walton in a press release on Friday evening:

Earlier today, the Los Angeles Lakers and Luke Walton reached an agreement on a multi-year contract for Walton to become the next Head Coach of the team, it was announced by General Manager Mitch Kupchak. Walton will begin his new duties at the conclusion of the Golden State Warriors season.
“We’re excited to bring Luke back to Los Angeles, where we feel he’s going to start an outstanding coaching career,” said Kupchak. “He’s one of the brightest young coaching minds in the game and we feel fortunate that he’ll be leading the on-court future of our team.”

The Warriors released statements from Kerr and GM Bob Myers after the Lakers’ announcement:

“We are thrilled for Luke,” said Warriors GM Bob Myers.  “This is a tremendous opportunity for him to return home and serve as head coach for one of the most storied franchises in sports.   Luke has done an incredible job during his two-year stint with our team and has played a significant role in our success, including last year’s championship and again this season under some very unique circumstances.  We are certainly going to miss Luke after we conclude our playoff run this season, but we wish him the very best with the Lakers.”

“I’m incredibly happy for Luke,” said Warriors Head Coach Steve Kerr.  “As we witnessed earlier this season, he has all of the intangibles necessary to be an outstanding head coach in this league, including a terrific understanding of the game the ability to communicate with a wide range of people.   He’s certainly ready for this opportunity and I’m confident he’ll do a great job with the Lakers once our season is complete.”

Walton had long been rumored to be the Lakers’ top target, given his successful run with the Warriors and his ties to the organization, where he played for nine seasons. It’s a solid hire, not a big name but someone with a good reputation around the league.

Drake performs free concert outside Air Canada Centre before Raptors playoff game

TORONTO, ON - APRIL 26:  Singer Drake celebrates after Terrance Ross #31 of the Toronto Raptors sinks a 3-pointer in the second half of Game Five of the Eastern Conference Quarterfinals against the Indiana Pacers during the 2016 NBA Playoffs at the Air Canada Centre on April 26, 2016 in Toronto, Ontario, Canada.  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 Vaughn Ridley/Getty Images)
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Game 6 of the Raptors-Pacers series is in Indianapolis, but that didn’t stop a large crowd from gathering outside the Air Canada Centre to watch it. And those people got rewarded for their trouble with a free impromptu performance by Drake. Here’s a video:

https://twitter.com/DilTamber/status/726213270986579968/video/1

Drake just released his latest album, Views, last night, and it includes several NBA references in the lyrics.