Sources: Sacramento Kings to Seattle not a done deal just yet

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The ongoing joke about the Maloofs in league circles is that they can get the girl’s phone number, but they can’t close the deal.

After Adrian Wojnarowski’s report that the Maloofs are close to finalizing a $500 million deal with Seattle billionaire Chris Hansen, closing a deal shouldn’t be a problem this time, but there are plenty of reasons to not call it a “done deal” just yet.

Wojnarowski said as much when he tweeted “No agreement signed, but one source describes deal as “1st and goal at 1.” Maloofs history of changing course late still makes many uneasy.”

Indeed, sources close to the situation told PBT that there are still many hurdles for this deal to overcome, and that Sacramento still has willing, reputable buyers ready to meet or beat Hansen’s offer in order to keep the franchise in town.

Indeed, as reported here numerous times, Hansen would have to drastically overpay in order to outdo the Sacramento ownership groups, because Sac owners don’t have to account for a relocation fee, a city loan back to Sacramento, and the hard costs of moving. Sources say that this will total a minimum of $125 million, and should the NBA decide they want to levy a higher relocation fee to even out the playing field that number could increase.

This means that if the Maloofs sell to Hansen for $500 million, that in reality they are getting much, much less. In Sacramento, this means that it’s time for their local buyers to step up with their offers, and make the same effort the city made in the spring of 2011 when the Maloofs had most believing the team would move to Anaheim.

An offer of $425-$450 million dollars would start to put more money in the Maloofs’ pockets than the Seattle offer does, and that’s where the next step in this relocation debacle lies.

If there is any silver lining to today’s events for Kings fans and Sacramento, the Maloofs should be willing to entertain a bidding war, unless it is out of pure spite and indifference to any league reaction opposing such actions.

There are other hurdles for the deal to clear, including an up-or-down vote from the Board of Governors after a recommendation by the league’s relocation committee, headed up by none other than Clay Bennett. Bennett saw firsthand the difference in how the Seattle politicians turned their back on the Sonics when he arrived, independent of his and the league’s mishandling of that situation, and he has been extremely impressed with Sacramento’s efforts to keep their team.

However, David Stern has said he would try expedite any sale that moves a team to Seattle.

Hansen and the Maloofs will need to convince Bennett and the other 29 owners that torching the No. 20 Sacramento market, along with all of the negative attention the league’s relocation behavior will receive, will be worth the incremental benefit of going to a somewhat larger market with a handful of professional sports teams.

There are plenty of benefits to being in Seattle, and Hansen is the type of owner that they want. He and his group are about to throw nearly a billion dollars to obtain a franchise that Forbes valued at $300 million. And there is some sentiment that Seattle needs to be indemnified for what happened to them, though most sane people would say that two wrongs don’t make a right.

In Sacramento, this is the ultimate show us your hand moment. Look for mayor Kevin Johnson and his people to respond soon, and as we know with the Maloofs if there is anybody that can’t close a deal – it is them.

UPDATE: CBS 13’s Stephen Large reports that the Maloofs have rejected Hansen’s $500 million offer, and mayor Johnson has tweeted his previously successful message of “It’s not over.” This now has the look of a bidding war, and we’re likely in the end game with two cities being dragged through the mud at the same time.

UPDATE II: The Sacramento Bee’s Ryan Lillis tweeted “Talks related to #NBAKings sale have been ‘conceptual,’ source tells The Bee. Reports sale is done are premature.” Buckle up folks, this story has already hit ludicrous speed in just about every way imaginable.

Bobby Portis apologizes for punching Nikola Mirotic in the face (VIDEO)

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As if this season wasn’t going to be hard enough for the Chicago Bulls, it started off on the wrong foot when Bobby Portis and Nikola Mirotic got into a fight during practice. That fight resulted in a facial fracture for Mirotic, putting one of Chicago’s best players out for multiple weeks.

Portis addressed the issue this week by apologizing to fans, the team, and Mirotic. However, Portis said that he has not heard from Mirotic since the fight, and that he did not respond when he tried to call his teammate.

Video of Portis’ apology is interesting if only because it’s a bit hard to discern the level of sincerity.

Via Twitter:

Chicago is 0-2 on the season. Portis is in the middle of serving an 8 game suspension for the incident.

Giannis Antetokounmpo scores career-high 44, dedicates game to father

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MILWAUKEE (AP) — After scoring a career-high 44 points, Giannis Antetokounmpo wrote a note on the game ball.

“This is for daddy. We got a win tonight,” the 22-year-old Milwaukee Bucks player said, remembering his father, Charles, who died last month at age 54.

Antetokounmpo scored 17 points in the fourth quarter, including a dunk that put Milwaukee ahead 111-110 with 11 seconds to go.

After a timeout, Damian Lillard found Jusuf Nurkic running open down the lane, but Antetokounmpo blocked his shot at the basket, sending the 7-foot center crashing to the floor.

Antetokounmpo, starting his fifth NBA season, made 17 of 23 shots with eight rebounds and four assists as Milwaukee kept pace with a Portland team that had dominated its first two opponents. The Bucks star is averaging 38.3 points through three games, up from 22.9 last year, 16.9 in 2015-16 and 12.7 in 2014-15.

“Seventy-nine more. This is just the beginning,” he said, thinking about how many regular-season games remain.

After Nurkic was rejected at the basket, Khris Middleton was fouled and made both free throws.

“They committed two guys to Dame, so somebody was going to be open,” Portland coach Terry Stotts said, referring to Lillard. “Turned out to be Nurk but they made a really good defensive play.”

Lillard scored 26 points, including 16 in the fourth quarter. CJ McCollum also scored 26, and Nurkic had 17 points and 11 rebounds. Tony Snell scored 17 points and Middleton added 16 for Milwaukee.

 

Stephen Curry, Kevin Durant ejected at end of loss to Grizzlies

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Stephen Curry is going to get fined for this.

The former MVP was frustrated, his team losing and thinking he was fouled by Mike Conley as he attacked the rim late in the Warriors loss in Memphis Saturday night. Curry threw his mouthpiece at the referee, which deservedly got him ejected instantly.

Durant followed him to the locker room, making a gesture that will earn him a fine as well.

The Warriors are 1-2 to start the season and there are a lot of factors at play. The China trip does this to teams, and throw in three straight trips to the Finals on top of it and it has an impact. The team is a little banged up. However, the biggest issue is their defense is a mess right now.

The Warriors will straighten it out eventually, but the start of the season could be a rough one for them.

Pacers owner says team not for sale, will not be moved from Indianapolis

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There are more than a few NBA owners who are seeing the prices teams are being sold for — the Rockets just sold for a record $2.2 billion — and considering their options. Some other billionaires are looking for teams, several with the goal of packing up the franchise and moving it to their respected hometowns.

Those billionaires need not call Herb Simon. The Pacers owner said the team is not going anywhere, speaking to Gregg Doyel of the IndyStar.

“I want to leave my legacy: This team permanently in Indianapolis,” Simon told IndyStar Friday in an interview at Bankers Life Fieldhouse. “That’s my No. 1 goal.”

Simon bought the Pacers in 1983 with his older brother, Melvin — who died in 2009 at age 82. He told IndyStar the team someday will be owned by his 53-year-old son, Steve. Behind the scenes, Steve Simon has been working closely with Pacers Sports and President Rick Fuson for five years — “He knows more about the dollars and cents than I do,” Herb said of his son — and met this week with several department heads.

“If anything happens to me, he’d be taking over,” Herb said, adding that father and son are on the same page: The Pacers are staying in Indianapolis.

Good. That is as it should be.

Indiana is part of America’s basketball heartland, and it should have a team. Pacers fans are smart and loyal, and the team has a long history going back to the ABA, running from Mel Daniels and George McGinnis through Reggie Miller and up to Myles Turner (hopefully he can be on the level of the rest of them someday). They play in the coolest basketball building in the league, one with the history of the sport wolven in.

Indy is the nation’s 27th largest television market, bigger than San Antonio, Salt Lake City, Oklahoma City and other successful NBA franchises. There is no reason the Pacers cannot thrive, so long as ownership is committed.

They are. Which is excellent news for Pacers’ fans.