Los Angeles Lakers v Sacramento Kings

Bruski: Sacramento lines up offers in effort to keep Kings

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It has been a whirlwind of a week for Kings fans and the Sacramento Kings relocation story in general.

We reported first in this saga that ‘Kings to Seattle’ was not a done deal, as sources close to negotiations told us there were many hurdles for the deal to clear, and that Sacramento had multiple, qualified buyers that could either meet or beat Chris Hansen’s offer.

This has played out over the last 24 hours as multiple buyer groups have stepped up in Sacramento to buy the Kings, including a group that is connected to Ron Burkle.

In terms of the math and money, as we reported in September the reason Sacramento has a shot against top-tier owner prospects such as Seattle’s Hansen and billionaire deluxe Steve Ballmer is that they don’t have to pay as much for the team.

Anybody moving the team will have to account for at least $100 million in unpaid loans to Sacramento (~$75 million) and relocation fees (~$30 million), and this is a very low estimate. That number increases as you account for moving costs, and the fact that the relocation fee could be more than $30 million. We’re reporting that this number could go as high as $300 million if the league really wants to flex its muscles in getting what it wants.

Our report Thursday estimated a $425-450 million price tag for Sacramento to hit in order to start outperforming Seattle’s offer. Sam Amick of USA Today was able to confirm with Sacramento mayor Kevin Johnson at his charity event that this was indeed the city’s initial target, and also that the mayor would be approaching David Stern to speak at the NBA’s Board of Governors meeting.

In a moment of levity at that charity event, attendee LeBron James was asked by Johnson if he could buy the Kings and keep them in Sacramento and he responded with, “get me my check book.

LeBron isn’t going to have to reach far because Sacramento buyers have been making themselves known over the past 24 hours. Mark Mastrov, former CEO of 24 Hour Fitness and San Francisco investment firm JMA Ventures have thrown their hats in the ring.

JMA Ventures is proposing to buy the team and build a $400 million downtown arena where a downtown mall they recently purchased currently sits. CBS 13’s Steve Large reports that group includes Darius Anderson, who is the same man that connected mayor Johnson to Ron Burkle.

According to sources there are more interested buyers being filtered through the process, too. The Sacramento market is all-but rubber stamped with $200 million or more of public investment toward a new arena and has an extreme level of fan support. Being the No. 20 television market doesn’t hurt, but having no other sports teams to compete with is what puts it in the same category as a larger market like Seattle, which has the Seahawks, Mariners, and Sounders to steal entertainment dollars.

In Sacramento, all they have is the Kings.

Assuming Hansen and his group don’t want to start acting like the drunk guy at an auction, then the NBA is going to be choosing between two similar offers. The owners in Sacramento might not be Ballmer-rich, but Burkle was good enough to drop David Stern’s jaw and Mastrov finished second to Joe Lacob’s group in Golden State, ahead of Larry Ellison.

The NBA isn’t picking between steak and chopped liver, here.

But if for some reason they don’t let California’s capitol city have a shot here, and they allow the team to be moved to Seattle, then the NBA will be the ones left holding the Sacramento’s beating heart after the Maloofs rip it out of their convulsing chest.

Charles Barkley said it best on TNT:

“I’ve always like the Maloof brothers, but they’ve screwed this thing up royally. All these teams try to screw these cities, that’s what the deal is. I don’t think it’s right for all poor people to build these cities all these major stadiums year after year after year. Every ‘x’ amount of years, they screw the fans and the taxpayers and make them build them bigger stadiums and bigger stadiums and bigger stadiums. I think these owners are worth so much money … does a city benefit? Of course a city benefits. But this thing in all sports been screwing these fans for the last 30 years, moving from city to city. Because those people in Sacramento, those were some of the best fans in the world. They screwed Seattle because they wouldn’t give them a new arena, and those fans in Seattle were amazing. But this is all about the owners just being greedy and screwing these fans.”

We’ve reported the NBA’s billion dollar subsidy issue here for nearly two years now, as the league and its players have received over $3 billion in public funds for arenas since 1990.

This happens because the league and its owners pit cities against one another with threats of relocation if a city doesn’t pay up for an arena, but in the case of Sacramento they did everything they could and then some according to multiple league sources.

One league source with intimate knowledge of the situation called it “a model offer of public funds.”

The league is walking dangerously close to the line in which people get fed up and they start to lose those subsidies they love dearly. In Seattle, yes their own politicians screwed up and were culpable in the matter, but the league’s underhandedness and heartlessness was brought to life in the documentary Sonicsgate. It’s not pretty.

But unlike that story that was told after the fact, the saga in Sacramento is playing out in real-time. The NBA media is getting constant updates on their Twitter feed about the incompetent, despicable Maloof family and how they’re leaving the house in worse condition than they found it.

This twisted tale is filtering all the way down to the fans, and when Charles Barkley talks about the deplorable business tactics of the NBA on TNT the cat is out of the bag.

This isn’t just league insider talk anymore, it’s coffee talk.

If the Kings leave Sacramento, it will transcend sport. The story of Sacramento Kings fans, arena workers, and the like will make the morning talk show rounds, ultimately culminating in a national discussion about the role of public money in professional sports.

Seattle — a victim of the system – is excited that their Sonics might be coming home, but the mere exercise of having to replace the team that was stolen from them is a trying experience.

And even if they can secure an NBA team, some Sonics fans are having trouble with their own moral relativism.

For years they’ve railed on the NBA for stealing their team and now they’re trying to steal Sacramento’s team. They’re slowly understanding what it means to have that blood on their hands, and many Seattleites are already speaking out saying the juice isn’t worth the squeeze – especially when they know they stand a very good chance of getting a team down the road under more moral circumstances.

Unlike the Oklahoma City fans that can point at Seattle’s politicians and argue that they slept on the job – Seattle fans have no such target.  Kevin Johnson has moved mountains to keep this team while the Maloof family can’t get out of their own way.

Besides wanting to move the team since they purchased it and ruining every arena deal the city tried to create in good faith, the Maloofs sold profitable businesses to build a pipe dream casino a mile off the strip in Vegas and it led to their downfall.

Rather than atoning for their financial mistakes, the Maloofs have dragged the league through embarrassment after embarrassment through the years, all because they cannot afford to own an NBA team.

Every subsequent episode is their worst one and the shenanigans come with increasing frequency, as just Friday night a report surfaced that their Palms Casino was getting popped with a $1 million fine for a prostitution and cocaine ring (no word if the price of the Kings just went up).

This isn’t a case of Sacramento not deserving the team, or not having the wherewithal to keep the team, but rather a case of a Maloof family that makes Antoine Walker look like Warren Buffett.

Sacramento has been paying for this Maloofery for years, and nobody is comfortable with an indecent proposal leaving Kevin Johnson at the altar. Not Stern, not Seattle, and probably not Gavin and Joe Maloof — whose love of Sacramento has been trumped by brotherly grudges and family needs.

It’s against this twisted backdrop that sources close to the situation believe Sacramento has a chance, and some sources believe they are actually favored to keep their team. I happen to share that belief.

Once again it all comes back to the NBA. They can tell the Maloofs what to do here. If the offers between the cities are close, they can decline the move to Seattle and force the Maloofs to take them to court in an antitrust case if they don’t like it.  There, the league can show a laundry list of claims that show the Maloofs are putting the league’s subsidy industry at tremendous risk by selling to Hansen.

After all, what city or politician can sell their constituents on making a long-term investment in the NBA when Sacramento did everything a city could to protect their investment and got told to kick rocks.

Also in the NBA’s arsenal would be the aforementioned increased relocation fee up to $300 million, and if push comes to shove David Stern can remove the family from the league using the ‘best interest of the league’ clause.

Regardless of what some of their intermediaries might like you to think, the Maloofs aren’t going to wade too far into those waters.

With the family’s debt to the league upwards of $127 million and as high as $217 million by some reports, and their financial situation a total mess, they’re bringing a whoopee cushion to a gun fight if they want to go to court.  And if they do, they won’t have the law on their side unless Hansen can drastically overpay for the franchise, giving the Maloofs the argument that the league is costing them significant money by forcing them to sell to Sacramento.

Even then, the cash-strapped and beleaguered Maloofs would still have to win that battle in court.

Looking outside the courtroom and toward the league office, there has been a lot of talk about the wrongs that David Stern wants to ‘right’ in Seattle, and how he wants to remove that inscription from his tombstone.

You can’t cross out Seattle’s name and simply write in Sacramento’s and change your legacy.  We all learned in kindergarten that two wrongs don’t make a right.

But that’s not what’s really at stake here.

As usual it comes down to the money, and with all things equal in this case the threat of killing the public subsidy goose will be the tiebreaker.

With Kevin Johnson’s legitimate, comparable offer from more-than-reputable buyers in hand, the NBA will have to both look a gift horse in the mouth and sanction Sacramento’s open-heart surgery if they move the team to Seattle.

And if they do, it’s going to leave a mark. A $3 billion mark.

And unless you’re the Golden State Warriors that’s not good for business.

LeBron channels Rasheed Wallace after missed free throw: “Ball don’t lie!”

LEBRON
AP
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Cleveland Cavaliers star LeBron James didn’t agree with a foul he committed against Charlotte Hornets forward Frank Kaminsky on Saturday night, so he summoned up the Ghost of Rasheed Wallace when it came time for Kaminsky to shoot free throws.

Yes, he broke out the ol’ Ball Don’t Lie bit. He even did it in the style of Sheed, yelling it so loud that the parabolic microphones set courtside could pick it up and be heard on television.

Via Twitter:

Classic.

LeBron James scores 44, reaches assist mark as Cavaliers down Hornets

lebron
AP
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CLEVELAND (AP) LeBron James scored 17 of his season-high 44 points in the fourth quarter and reached another career milestone as the Cleveland Cavaliers won their fourth straight, 116-105 over the Charlotte Hornets on Saturday night.

James did it all, adding 10 assists and nine rebounds in 43 minutes. He took over in the fourth quarter, scoring 13 straight during one stretch to help the Cavs hold on.

As the final seconds ticked off, James stood at midcourt and spun the ball on his index finger as the crowd roared.

James, who moved into ninth place on the career scoring list Friday, recorded his 7,000th assist in the first half, becoming the first frontcourt player in NBA history to reach the plateau. James is the only player with 27,000 points and 7,000 assists.

John Wall, Bradley Beal spark Wizards in late run to beat Bucks

John Wall
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WASHINGTON (AP) John Wall had 24 points and 11 assists, Bradley Beal added 20 points, and the Washington Wizards used a late 11-0 run to beat the Milwaukee Bucks 110-105 on Saturday night.

Kelly Oubre, Jr. scored a career-high 19 points for the Wizards, who have won three of four.

Giannis Antetokounmpo led Milwaukee with 28 points and 13 rebounds. His two free throws gave the Bucks a 100-95 lead with 4:28 left, but the Wizards rallied while the Bucks went cold.

Wall’s driving layup gave the Wizards a 101-100 lead with 3:03 left. Oubre then got a steal and his dunk at the other end made it 103-100.

Bradley Beal’s driving layup pushed the lead to 105-100 and Wall soon added a free throw.

Mirza Teletovic‘s 3-pointer with 5.9 seconds left pulled the Bucks to 108-105, but Beal hit two free throws to seal the win. Teletovic finished with 25 points on 8-for-12 shooting.

Wall scored nine of his points in the fourth quarter.

The Bucks, who committed 20 turnovers, have lost three of four.

Trailing by eight early in the third quarter, the Wizards went on a 16-3 run and led 70-65 before the Bucks answered to make it 77-77 after three.

The first half featured seven lead changes.

Washington trailed by nine after one quarter, but opened the second with a 12-0 run fueled by their reserves and the score was tied 52-52 at halftime.

TIP-INS

Bucks: Milwaukee shot 14 for 23 (60.9 percent) in the first quarter, including 4 for 7 from 3-point range. … Bucks have hit at least 10 3s in each of the last three games. … After scoring 27 points in each of his last two games, Jabari Parker had eight points.

Wizards: It was Wall’s 12th double-double of the season. . Gortat finished with nine points and 14 rebounds. . Wizards have won four of their last five versus the Bucks. . The Wizards have won back-to-back games for just the second time this season. . Markeiff Morris (15 points) and Otto Porter, Jr. (10) were the other Wizards in double figures.

UP NEXT

Bucks: At Toronto on Monday.

Wizards: At Miami on Monday.

Paul George has 37 points to lead Pacers over Blazers 118-111

Indiana Pacers forward Paul George reacts after scoring a basket against the Portland Trail Blazers in the second half of an NBA basketball game, Saturday, Dec. 10, 2016, in Indianapolis. (AP Photo/R Brent Smith)
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INDIANAPOLIS (AP) Paul George scored a season-high 37 points to lead the Indiana Pacers over the Portland Trail Blazers 118-111 on Saturday night.

George made five 3-pointers, and Thaddeus Young hit six 3s while getting 24 points and nine rebounds. Myles Turner added 14 points for the Pacers, who had lost five straight regular season games to Portland.

C.J. McCollum made a career-high seven 3-pointers and had a season-best 34 points for the Trail Blazers. Damian Lillard had 33 points behind five 3s.

George scored 13 straight points in the fourth quarter for Indiana. He was fouled on the go-ahead basket with 4:36 remaining and completed the three-point play to give the Pacers a 108-105 lead.

Indiana didn’t even take its first lead until Al Jefferson was fouled on a basket and made the bonus free throw to put the Pacers ahead for the first time 99-98 with 8:34 left in the fourth quarter. Then McCollum scored seven straight points to give the Trail Blazers the lead again before George took over.

The Pacers trailed by 20 points at one point after Portland didn’t waste much time taking a lead right from the start.

Lillard, who scored 28 points in Portland’s 131-109 win over Indiana on Nov. 30, had a big first quarter with 19 points and five 3-pointers.

He made back-to-back 3s to put the Trail Blazers ahead 26-11 with 5:59 remaining in the first and McCollum’s 3-pointer with 8:09 left in the second quarter gave the Trail Blazers a 58-38 lead.

George made back-to-back 3-pointers with under a minute to go in the first half. His 3 with 25.3 second remaining put the Pacers within seven to trail 71-64 at the half.

TIP-INS

Trail Blazers: Their 44 points in the first quarter were the most Portland has scored in a quarter this season. … Portland finished with 16 3-pointers. … Lillard had nine assists. … Mason Plumlee had eight points and nine rebounds.

Pacers: Jefferson finished with 10 points off the bench. … Monta Ellis had 10 points and five assists.

UP NEXT

Trail Blazers: Monday they travel to Los Angeles to play the Clippers.

Pacers: Monday they host Charlotte and try to snap a four-game losing streak to the Hornets.