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


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.

Corey Brewer continues to be key, scores 22 as Thunder beat Clippers 121-113

Leave a comment

OKLAHOMA CITY (AP) — Five starts, five wins for Corey Brewer with the Oklahoma City Thunder.

The recent addition scored 22 points and matched a career high with six steals to help the Thunder beat the Los Angeles Clippers 121-113 on Friday night.

The 32-year-old Brewer was bought out by the Los Angeles Lakers late last month, allowing Oklahoma City to pick him up as a free agent. As a starter with the Thunder, he is averaging 14.8 points in the shooting guard spot vacated when Andre Roberson ruptured his left patellar tendon and had season-ending surgery.

Brewer said it has been easy to fit in because he played college ball for Thunder coach Billy Donovan at the University of Florida.

“I won’t say it’s surprising,” Brewer said. “It’s a comfort level. I keep telling everybody, coach Donovan makes me feel really comfortable. I won two national championships with the guy. It’s just his demeanor and the faith he has in me that makes the game easier.”

Oklahoma City’s Russell Westbrook had 16 points, 10 rebounds and 11 assists for his 22th triple-double of the season and the 101st of his career. Brewer said playing Westbrook’s up-tempo style has been fun.

“Yeah, I love to run,” Brewer said. “That’s my game. I can run all day, so having Russell Westbrook pushing on the break just running to get a layup – it’s easy.”

Paul George scored 19 points and Steven Adams added 18 points and 14 rebounds for the Thunder, who swept all three games from the Clippers this season.

Oklahoma City, one of several teams in the race for the No. 3 seed in the Western Conference playoffs, won its fifth straight and clinched a winning season. It was the start of a difficult closing stretch against mostly teams in playoff contention.

Adams created problems for the Clippers all night.

“He’s a good basketball player,” Clippers coach Doc Rivers said. “I almost think that’s a slap just to call him and energy player because he is a skilled basketball player with high IQ and is just extremely physical. It seems like every time we got a big stop, he got it back for them, so you just have to give him credit.”

Tobias Harris scored 24 points and Austin Rivers added 23 for the Clippers, but the Thunder scored 31 points off Los Angeles’ 23 turnovers. DeAndre Jordan had 11 points and 21 rebounds.

“They are fifth in the league for fast breaks,” Clippers coach Doc Rivers said. “You don’t turn the ball over. You turn the ball over that many times, you’re going to lose the game.”

Brewer and Adams carried the load in the first half, scoring 14 points each to help the Thunder take a 63-56 lead.

Terrance Ferguson got a 3-pointer to rattle in early in the fourth quarter to give the Thunder a 94-87 lead. He later caught a pass in midair around his waist, and then kicked his legs out and hesitated before making a reverse layup to bump the lead to 96-88.

Westbrook clinched the triple-double on a rebound in the fourth quarter. His mid-range jumper gave the Thunder a 116-107 lead and forced a Clippers timeout, and Oklahoma City maintained control from there.



Former NBA player Glen “Big Baby” Davis arrested on drug charges

Getty Images

Glen “Big Baby” Davis — a key bench player in the Celtics 2008 title run, but who has been out of the NBA for a couple of years now — was arrested last month at a hotel in a suburb of Baltimore with 126 grams of marijuana and more than $96,000 in cash, according to a report.

Davis was arrested in Aberdeen, Maryland, with the signs what he had on him was for sale, not just personal use, reports ABC 2 WMAR in Baltimore.

According to court records, the hotel owner smelled marijuana coming from Davis’ room on February 7th. When the owner knocked on room 208, someone inside the room told him to “F*** off!”

Aberdeen police then responded to the hotel and Davis gave signed consent to search his room

“They recovered 126 grams of marijuana,” said Aberdeen Police Lieutenant William Reiber, “In addition to that there was a briefcase that contained 92,164 dollars of U.S. currency along with a ledger that contained language which is consistent with someone involved in the sale and distribution of narcotics.”

Davis has since been indicted on seven counts of drug possession and intended distribution. Davis’ attorney has said his client is not guilty of the charged crimes.

Davis has been out of the NBA since 2015 when as a free agent he needed ankle surgery that sidelined him.

Davis played eight NBA seasons between the Boston Celtics, Orlando Magic, and Los Angeles Clippers. In his second season out of LSU, he played a role off the bench for the Celtics during their run to the title, then his bench role expanded the next couple of seasons when Boston made runs (remember Nate Robinson referred to Davis and himself as “Donkey and Shrek” during the 2010 NBA Finals).  Davis earned $36.4 million in salary during his NBA career.

Without Curry, Durant, Thompson, Warriors don’t have enough against Kings

Associated Press

OAKLAND, Calif. (AP) — With April approaching, the beat-up, undermanned Golden State Warriors are prioritizing health over everything else – even the No. 1 seed in the West.

“It’s a harrowing experience,” coach Steve Kerr joked before the game. “I’m just trying to process it all.”

Yet the faces down are glaring: NBA Finals MVP Kevin Durant, two-time MVP Stephen Curry and his Splash Brother, Klay Thompson.

Buddy Hield made three free throws over the final 27.5 seconds, Willie Cauley-Stein had a late dunk and the Sacramento Kings won for the second time this season on Golden State’s home floor, beating a Warriors team missing its top three scorers 98-93 on Friday night.

Hield finished with 22 points off the bench. He also had seven assists and seven rebounds.

Quinn Cook scored a career-high 25 points on 10-for-13 shooting for Golden State (52-17), making his initial seven shots and also hitting a career-best five 3-pointers after the team announced Durant was out with a broken rib.

Green returned from a one-game injury absence to produce 14 points, 10 rebounds, seven assists, four steals and two blocked shots.

“That’s the most important thing, though, is to get healthy,” Green said. “Obviously I think where we are right now we’re in the position where I think all three guys could play if they had to but it’s just not that important for them to play. I think it’s more important for them to be healthy. That’s kind of been the theme the whole year, just to keep guys fresh and healthy and try to get a rhythm.

“I don’t think it’s all bad for us with them guys being down. We’ll be fine and get them healthy and then we can go into the playoffs healthy. That’s the goal.”

Hield made one free throw with 27.5 seconds left and then two more with 13.2 seconds remaining as the Kings (23-47) withstood a frantic final minute after the teams entered the fourth quarter tied at 75. Sacramento also won at Oracle Arena on Nov. 27.

“It’s just a side note as we grow and build,” Sacramento’s De'Aaron Fox said. “Every games matters for us just trying to get better.”

Before the game, NBA Finals MVP Durant became the latest Warriors star to go down . Then Golden State lost reserve Omri Casspi to an ankle injury early in the game.

Durant will miss at least two weeks with a fractured rib on the right side. An MRI exam revealed Durant’s injury, and he will be re-evaluated in two weeks.

Durant said there’s still time for the team to heal and get ready for the playoffs. He missed 18 games in 2017 before returning for the final two contests of the regular season.

“No concern. I’ve got a couple weeks and I’m just trying to get healthy, and I’m just trying to make sure I’m out there being able to be me on the court,” Durant said. “That’s the most important thing. It’s not great timing-wise, obviously. It’s all about just feeling better when I’m out there playing.”

Cook scored 13 in the first quarter as the Warriors jumped out to a nice lead, but they held just a 59-57 edge at halftime.

Both teams played the first of back-to-back games.


DeRozan has 29, Raptors win 11th straight, beat Mavs 122-115


TORONTO (AP) — DeMar DeRozan made the game-winning basket in overtime and the Toronto Raptors rallied to match the longest winning streak in franchise history, extending their season-best run to 11 by beating the Dallas Mavericks 122-115 on Friday night.

DeRozan scored 29 points and Jonas Valanciunas had 21 points and 12 rebounds as the Eastern Conference-leading Raptors won for the 18th time in 19 games. Kyle Lowry got the night off to rest as the Raptors played the second game of the back-to-back.

Delon Wright had 15 points and Fred VanVleet scored 14, helping Toronto improved to an NBA-best 29-5 at home.

Dallas had won three of four. Harrison Barnes scored 27 points for the Mavericks, Dennis Smith Jr. had 19 and J.J. Barea 18.

Up 84-78 to begin the fourth, Dallas stretched its lead to 101-93 on a jump shot by Barnes with 5:43 remaining, but four points from DeRozan cut it to 101-97 with 4:32 left.

Toronto kept coming, pulling within two on a pair of free throws by DeRozan and, after a Dallas turnover, tying it at 106 on DeRozan’s jumper with 1:15 to go in regulation.

Each team turned the ball over before Barnes missed a jumper with 24 seconds left and VanVleet grabbed the rebound. After a timeout, DeRozan let the clock wind down before driving and kicking to Serge Ibaka, who missed a potential game-winning shot. DeRozan also missed before the buzzer, sending it to overtime.

VanVleet and Dallas’ Dwight Powell each made a 3 in overtime before DeRozan drove for the tiebreaking basket with 53 seconds left.

Valanciunas sealed it by making five of six at the free-throw line in the final 10 seconds.

Toronto also extended its franchise-record streak of games with 100 or more points to 22.