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.

Three Things to Know: Anthony Davis gives Celtics fans 45 reasons to drool over him more

Associated Press
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Every day in the NBA there is a lot to unpack, so every weekday morning throughout the season we will give you the three things you need to know from the last 24 hours in the NBA. And we didn’t even get to 

1) Anthony Davis shows why Celtics’ fans drool over him, drops 45 in Pelicans win. There are executives and fans with 29 NBA teams who covet Anthony Davis and fantasize about would look like in their uniform. It’s just that Boston fans and executives are the loudest and least subtle about it. That despite the fact that Davis — a top-five NBA player who makes an impact at both ends of the floor — has three years on his contract after this one (the last one a player option) and the Pelicans are not trading him for the foreseeable future because they are not stupid (the feeling around the league is the Pelicans will re-sign DeMarcus Cousins next summer and go all-in with that combo). That didn’t stop Boston media from peppering Davis with questions Tuesday that basically amounted to little more than “so, just how badly do you want to come here and when can we expect you?” Davis dodged them all. As he should.

Tuesday night Davis gave Celtics fans a first-hand reminder why they want him so badly — he dropped 45 on the Celtics and led the Pelicans to a big win in the Boston Garden (his second 45+ point game, he did the same thing to the Knicks Saturday).

After a performance like that, Celtics fans would even be willing to trade Terry Rozier for Davis. Well, some of them would, not all. Some would construct a trade around Daniel Theis and think it was a fair swap.

Davis had help in this one, and not just from DeMarcus Cousins (who had 19 points and 15 rebounds). Jrue Holiday had 23 points, seven assists, and played fantastic defense on Kyrie Irving down the stretch (Irving had 27 points, but on 8-of-24 shooting). Davis, Cousins, and Holiday all had key buckets in the overtime session.

This win puts the Pelicans three games over .500 for only the second time this season, and now they head into a soft week in the schedule where (if focused) they should be able to pad their record a little. They need to. While right now the Pelicans are the six seed in the West, they are just one game ahead of the nine-seed Clippers — the race for the playoffs is on. New Orleans needs every win it can get.

2) Aaron Afflalo throws a punch (and misses) at Nemanja Bjelica, both men were ejected in actual, almost, NBA fight. Orlando’s Afflalo and Minnesota’s Bjelica had been going at it for a while in this game — both had already picked up a technical and things were getting chippy. Then midway through the second quarter, as the two men went for a rebound on a Jamal Crawford jumper, Bjelica just ran headlong into Afflalo as the Magic player looked like he was pass blocking.

That’s when a fight broke out and Afflalo threw a haymaker, which didn’t connect, then Bjelica gets him in a headlock.

Both men were ejected. Obviously.

That’s a lot closer to a fight than whatever happened in the secret tunnels of Staples Center between the Rockets and Clippers.

Afflalo is getting suspended for this — his punch was wild and didn’t connect, but that was a punch. Bjelica may miss a game or two as well for his role.

Orlando went on to upset the Timberwolves behind 32 points from Evan Fournier, snapping a five-game Minnesota win streak.

3) Nikola Jokic had a monster night, dropping 29 points and grabbing 18 boards. This year, the center position for the All-NBA teams feels wide open. (The league still makes people pick a center for this award, which is outdated for today’s game, but that’s the rules.) Joel Embiid is in the conversation for one of those slots (so long as he plays enough games), as is DeMarcus Cousins. LaMarcus Aldridge plays more center than power forward now and has to be mentioned. So does Karl-Anthony Towns, who has started to finally focus more on the defensive end.

Just don’t sleep on Nikola Jokic.

Denver’s best player had maybe his best game of the season Tuesday night, carving up Dallas to the tune of 29 points, 18 rebounds, and seven assists. Dallas threw a variety of defenders at him and it just didn’t matter.

Much like was mentioned with the Pelicans above, the Nuggets need to rack up wins. Just 1.5 games separates Oklahoma City at the five seed and the L.A. Clippers at the seven seed. Five teams for four spots. There’s half a season to go, and injuries will likely ultimately determine who is in and who is out, but Denver can’t afford to look past anyone, and scrappy teams like Dallas can be a tough out. This was a good win for the Nuggets on Tuesday, and Jokic is why they have it.

Watch Anthony Davis score 42 points in OT win over Celtics (VIDEO)

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New Orleans Pelicans big man Anthony Davis is on a bit of a tear.

Davis scored 48 points to go along with 17 rebounds on Sunday as the Pelicans beat the New York Knicks at MSG. Then on Tuesday night, Davis again went for 40+, scorching the Boston Celtics at TD Garden to the tune of 45 points, this time with 16 rebounds.

Alongside DeMarcus Cousins, who scored 19 points and grabbed 15 rebounds, Davis was the deciding factor in Tuesday’s game, helping to get early buckets in the extra time period.

The final result was impressive, and good news for the Pelicans as they continue to solidify their playoff position going into the All-Star break.

Watch the full highlights from Davis’ scoring outbreak in the video above.

Boston Celtics great Jo Jo White dies at 71

NBA.com
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BOSTON (AP) Basketball Hall of Famer Jo Jo White, a two-time NBA champion with the Boston Celtics and an Olympic gold medalist, has died. He was 71.

The Celtics announced his death Tuesday night. No cause was provided.

The team said it was “terribly saddened” by White’s passing, calling him a “champion and a gentleman; supremely talented and brilliant on the court, and endlessly gracious off of it.”

White played 10 seasons for Boston, which drafted him ninth overall from Kansas in 1969. He averaged 17.2 points per game over 13 years, also playing for Golden State and the Kansas City Kings before retiring in 1981.

The Celtics retired White’s No. 10 the following year, and he still was working with the club as a director of special projects at the time of his death.

White averaged 18.1 points as a member of the 1974 Celtics championship team and was chosen MVP of the NBA Finals two years later when Boston won again, scoring 33 while leading the Celtics to a 128-126 win in triple overtime against the Phoenix Suns.

Boston traded White to the Warriors midway through the 1978-79 season and he remained with Golden State through the following season. He played one final season in Kansas City, but was always beloved in Boston as a Celtic.

“His contributions to the team’s championship legacy may have only been surpassed by the deep and lasting impact that he had in the community,” the Celtics said in the statement. “The thoughts and sympathies of the entire Celtics organization are with the White family.”

White, who won an Olympic gold medal with the U.S. team in 1968, was a seven-time NBA All-Star. He was elected to the Basketball Hall of Fame in 2015, when he recalled his performance in the triple-overtime victory over the Suns that put Boston one game away from winning another title.

White played 60 of a possible 63 minutes of the game. Former Boston coach and player Tommy Heinsohn said the induction into the Hall of Fame was long overdue for White, who was thrilled it happened after battling health problems, including a brain tumor, late in life.

“I absolutely adored playing this game,” White said.

Isaiah Thomas asks Celtics to skip video tribute to focus on Paul Pierce

Getty
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The Boston Celtics already conceded to the wishes of Isaiah Thomas, foregoing a video tribute the first time the Cleveland Cavaliers played the Boston Celtics this year at TD Garden.

Now, it seems that Boston might have to skip a video tribute for their former point guard altogether.

On Tuesday, Thomas took to Twitter to say that he’d rather defer to former Celtics forward Paul Pierce, who is having his jersey retired by the team that night and complained about Thomas’ tribute.

Via Twitter:

The odd thing about this whole tale is that Pierce changed his mind on this thing in a span of 24 hours. A Fox Sports radio host pointed out earlier this month that Pierce initially said that he was OK with Thomas’ video tribute.

The next day on ESPN’s The Jump, Pierce did a full 180° and instead said he wanted the treatment the Los Angeles Lakers gave Kobe Bryant, with multiple videos being shown during timeouts throughout the game.

This seems petty on the part of Pierce, but at least Thomas appears to be taking it with grace.