Phil, George, Gavin Maloof

George Maloof’s Virginia Beach arena ploy falls apart, Seattle rumors heat up

13 Comments

We never took the Maloofs or Virginia Beach seriously in their talks to move the Sacramento Kings to the eastern seaboard, and predictably the talks officially fell apart when Virginia Beach mayor Will Sessoms declared the deal dead for now on Tuesday.

There were a million reasons that deal was a farce – a sad ploy to manufacture leverage in George Maloof and his family’s ongoing attempt at getting something for nothing in an arena deal.

Still though, this marks the end for yet another painful chapter for Kings fans, who have endured as much uncertainty and shenanigans as any fan base on this side of Seattle.  And as we learned late Tuesday night, the next chapter has already begun.

Super agent David Falk’s daughter Daina tweeted yesterday that Seattle billionaire Chris Hansen has already come to an agreement with the Maloofs to buy the Kings, calling it a “done deal.”  Since those rumors hit the Twittersphere, she backed off a bit on her Facebook page and deleted her tweets at about 9 a.m. ET today (original here).  Seattle writer Chris Daniels wasn’t in a hurry to address the “rumors” last night, adding that “it isn’t over until it’s over” and that’s a point of agreement here.

First off, the idea that a deal is closed is premature since the Board of Governors would have to approve it and that clearly hasn’t happened, let alone with a relocation request attached.  Of course, a deal could be being negotiated in the background between the Maloofs and Hansen with or without the NBA’s participation, and she may be referring to some step in that process, but until she comments further or the next shoe drops this is mere speculation from a potential, albeit unlikely information source.

Either way, we’ll learn a lot in the next 24 hours as the various parties each respond to requests for comment at the start of business today.

As for the Maloofs, Tuesday’s Virginia Beach developments put them back at square one and they are running out of time and money to make their final move. They will either need to come up with a lot more money than they have right now to run a basketball team in the Sacramento market – a market that they torch regularly with their antics – or sell the team and that brings us back to where we were in early September.

For Seattle to ironically take the Kings from Sacramento, Chris Hansen will need to drastically overpay to purchase and move the franchise, and if the notoriously deliberate businessman wants to do that then the NBA will still need to get behind the deal.

Given the fact that Sacramento has come up with a “model offer of public funds” according to one league source, a decision to allow the team to move will not be made lightly, as it will necessarily hurt the league in its negotiations with other cities for future arena subsidies.

In this case, the city of Sacramento has done everything the league could ask for and then some to help build an arena.  The implication is that the league is asking cities for long-term investments of public dollars, but not providing a reasonable expectation of a long-term partnership so long as that city continues to provide reasonable partnership dollars into the future.

The part that is most threatening for the league in this scenario is how publicly embarrassing the Maloof family has become to the NBA, creating a real-life equivalent to the movie Major League, and in this day and age of information those images are exponentially more accessible to the public than they have been in previous arena quagmires.

With the league and its players receiving $3 billion dollars in arena subsidy money since 1990, any shift in public sentiment or political resistance on the issue could cost the league an unfathomable amount.

If Hansen won’t pay drastically more than Sacramento, then the Maloofs will likely need to sell to one of a handful of serious buyers out of California’s capitol city that are ready to buy the team right now.

It’s theoretically possible that another city could come into play, but given the fact that Sacramento is a one-sport town with the No. 20 TV market – chances are moving the franchise won’t make sense for the league or a new owner.

George and his siblings can’t simply do nothing, as the sky is falling at Sleep Train Arena and it’s anybody’s guess when it won’t be suitable for NBA games.  This situation will come to a head and the only question is when the family gives up.

And until the NBA effectively finds a way to nudge George Maloof and his siblings out of their clubhouse, they will continue to panhandle for arena money at the expense of the logo.

We’ll get an update to you guys as soon as we learn whether or not this Seattle rumor has any legs.

Grizzlies’ getting their own D-League affiliate

Grizzlies logo
Leave a comment

MEMPHIS, Tenn. (AP) — The Memphis Grizzlies will own and run the NBA Development League’s newest team starting with the 2017-18 season.

The Grizzlies and the NBA Development League announced the expansion team Tuesday.

The newest D-League team will play in Southaven, Mississippi, which is just 20 miles south of Memphis. The arena already hosts the Mississippi Riverkings in the Southern Professional Hockey League.

The move makes the Grizzlies the 19th NBA team owning and running a D-League affiliate, which expands the league to 23 teams for the upcoming season.

The Grizzlies have been affiliated with the Iowa Energy, whom were just bought by the Timberwolves. Memphis eneral manager Chris Wallace says the D-League team will practice at the Grizzlies’ facilities at FedExForum and allow Memphis to best develop young players.

Report: Kyle Lowry’s Philadelphia area home was burglarized by jewelry heist ring

Toronto Raptors guard Kyle Lowry reacts after making a 3-point shot against the Los Angeles Lakers during the second half of an NBA basketball game in Los Angeles, Sunday, Jan. 1, 2017. The Toronto Raptors won 123-114. (AP Photo/Kelvin Kuo)
1 Comment

Kyle Lowry is a gold medalist from Rio and a Toronto All-Star (and should be again this season), but at heart he is a Philly guy. He was born and raised in Philadelphia, and went to college right there at Villanova. He still has a home in the area.

A home that was burglarized recently, according to a report at CBS Philadelphia, who talked to local police.

A multi-million dollar jewelry burglary ring is cracked in the Delaware Valley as investigators are trying to recover all the jewels stolen from victims, including an NBA star player….

The Main Line home of Toronto Raptors’ Kyle Lowry was hit, police sources said.

Responding to an email from CBS3, a spokesman for the Raptors said Lowry, a former Villanova basketball standout, politely declined comment for this story.

Lowry was far from alone in being targeted, and a couple of people who fell victim to the ring lost more than $500,000, according to the report.

The crew had ties to a shop on “Jewelers’ Row” in the city, which served as a front for the ring tried to move millions of dollars in stolen jewelry, according to the report. Wasim Shazad, the owner of the shop, was arrested but is now out on bail as he moves through the legal process.

 

NBA: Timberwolves got away with defensive three-second violation on pivotal stop in win over Nuggets

Leave a comment

To the delight of the Trail Blazers, Pelicans, Kings, Timberwolves themselves and any other Western Conference team with playoff designs, Minnesota knocked off the eighth-place Nuggets on Sunday. Denver is now just a half game up for postseason position.

But perhaps the Nuggets would have more breathing room if the game featured correct officiating down the stretch.

With the Timberwolves trying to protect a two-point lead, Karl-Anthony Towns got away with a defensive three-second violation with 35 seconds left, according to the NBA’s Last Two Minute Report

Towns (MIN) is in the paint without actively guarding an opponent for longer than three seconds.

Towns is clearly matched up with Nikola Jokic, but the rules require Towns to be “within arms length of an offensive player and in a guarding position.” Towns is playing too far off Jokic to qualify.

Danilo Gallinari got away with travelling one second later, but a correct call would’ve stopped play and given any Denver player on the court – likely Gallinari, who’s shooting 89% from the line this season and 86% – a single free throw. Then, the Nuggets would’ve taken the ball out of bounds with a fresh chance to score.

Instead, with Towns covering the paint, Minnesota forced a miss and grabbed the defensive rebound. Denver began intentionally fouling, and the Timberwolves escaped with a 111-108 win that altered wide-open chase for the No. 8 seed in the West.

Pistons-Kings game delayed for smoke over court (video)

2 Comments

DeMarcus Cousins, in his eternal battle with referees (and everyone else), retroactively won every argument he’s ever had when he had to alert the officials in last night’s Pistons-Kings game to the large cloud of smoke coming toward the court. It was only then that the refs stopped play.

But the best reaction to the mistimed fog machine was Sacramento coach Dave Joerger: