Report: Details of Kings sale to Seattle laid out for relocation committee

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While many people in Sacramento continue to work to put together a package that can help keep the Kings in in the California capital, the machinery of a sale of the team to a Seattle group planning to move the franchise north continue to move forward.

It’s reached the point that members of the NBA Board of Governor’s relocation committee were briefed on the “non-binding deal points” of a potential sale of the Kings to the Chris Hansen/Steve Ballmer group of Seattle, reports Adrian Wojnarowski of Yahoo Sports and the NBC Sports Network.

The call took place on (January 8) – one day before Yahoo! Sports reported the finalizing of a deal – and informed several league owners that the Hansen-Ballmer Seattle group would purchase 65 percent of the Kings, sources said. The league office told members of the relocation committee that the non-binding agreement would constitute 53 percent of the franchise owned by the Maloof family and an additional 12 percent from minority owner Bob Hernreich….

It is unclear if the selling of 53 percent of the Maloof’s share would leave them with any future stake in the franchise, but sources have told Yahoo! Sports that there’s no circumstance where which the Maloofs would keep any real input or governance over day-to-day team operations.

The timeline here is really March 1 — that is when a new ownership group would have to apply for relocation (that could be pushed back a couple weeks, not much more). What everyone wants to avoid is another lame-duck year with the team in Sacramento owned by the Maloofs.

That this went so far as to be laid out for the relocation committee shows it is being taken seriously. The relocation committee — ironically headed by Oklahoma City owner Clay Bennett, the guy that moved the former Sonics out of town — would delve into the details of a request to move the team and make a recommendation to the full Board of Governors (all the owners).

That said, the deal is not done. And complex deals like this one — the Kings owe $77 million to the city of Sacramento if the franchise moves plus at least $125 million to the league’s credit program — can easily fall apart over the details.

What is new here is the $525 million is how much the franchise is being valued at, but if the new owners only get a controlling interest of the team at 65 percent they would only have to pay less than $350 million. Which for a group led by Hansen (a hedge fund guy), Ballmer (the current head of Microsoft and worth $14.7 billion) and with supporting players like the Nordstrom family is no problem.

In Sacramento, mayor Kevin Johnson is working hard to put together a group and plan looking for the right to match any reasonable Seattle offer to keep the team — they are talking to people who could buy the team as well as plan for a new arena in town (which would be done now were it not for the Maloofs in the first place). Johnson wants to make his pitch to NBA ownership when they meet All-Star weekend in Houston.

While both sides push ahead, the Maloofs remain the wild card. Nobody knows what their next move might be. It would be easier to guess what Jodie Foster might say at before the Golden Globes than to guess what the Maloof family will do next.

Report: Arron Afflalo signs one year deal with Orlando Magic

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Take one more NBA veteran off the free agent board.

According to report from ESPN’s Adrian Wojnarowski, Arron Afflalo has signed a one-year deal with the Orlando Magic. Afflalo’s deal with the Magic is $2.1 million according to Wojnarowski, which is the veteran’s minimum for a player with his experience.

Afflalo, 31, previously played for the Magic from 2012 to 2014 before being traded to the Denver Nuggets.

Via Twitter:

Afflalo played for the Sacramento Kings last season averaging 8.4 points, 2 rebounds, and 1.3 assists per game.

Report: Suns’ Brandon Knight tears ACL in left knee, could miss season

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Phoenix Suns point guard Brandon Knight could be out for the 2017–18 NBA season with a torn ACL in his left knee.

That’s according to a report from ESPN’s Adrian Wojnarowksi, who released the news on Tuesday afternoon.

Knight, 25, has roughly three years and $45 million left on the contract he signed in 2015.

Via Twitter:

Knight has been speculated as a potential trade chip for some time, but with him out it is unclear whether Phoenix will want to make a move with the players currently on their roster.

Knight averaged 11 points, 2.4 assists, and 2.2 rebounds per game for the Suns last season in 54 contests.

Adam Silver: ‘I feel bad for what’s-ever is going on in Cleveland’

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Kyrie Irving‘s trade request has injected excitement into an NBA offseason that was slipping into a slow period, give or take a Carmelo Anthony trade.

NBA commissioner Adam Silver on The Rich Eisen Show:

I love the interest. I’m not ecstatic about the drama.

I feel bad for what’s-ever is going on in Cleveland, and I have no first-hand information. But I assume where there’s smoke, there’s fire. Brian Windhorst has sort of been cataloguing LeBron’s career for a long time, and he usually has very accurate insights from that team.

It’s upsetting to hear that, when you see superstar players who have co-existed, who had so much success together – obviously three Finals in a row, one championship – to hear that, for whatever reason, there’s a sense that they can’t continue to co-exist. Yeah, that’s drama, but it’s not necessarily the kind of drama that the league wants.

Silver knows he probably can’t break up the Warriors, so he wanted teams to step up and compete with Golden State. The Cavaliers had been the league’s best hope the last few years, and LeBron James ensures they remain a title contender. But this disarray hurts their chances.

If you’re wearing a tin-foil hat, remember what happened last time Silver felt bad for Cleveland

Trail Blazers trade Allen Crabbe to Nets for Andrew Nicholson

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The Nets signed Allen Crabbe to a four-year offer sheet worth nearly $75 million last summer. The Trail Blazers matched, preventing Brooklyn from acquiring him for a year.

Now, a little more than a year later, the Nets are finally getting him.

Adrian Wojnarowski of ESPN:

Crabbe is still owed $56,332,500 – a sizable amount for a one-dimensional 3-point shooter. The Trail Blazers obviously regret matching his deal considering they’re already dumping him for another bad contract and didn’t win a single playoff game in the interim.

But Portland is undoing that mistake in a big way.

The Trail Blazers are in line to save $54,330,160 this season with this trade – $37,842,090 in luxury tax and $16,488,070 in player salary. They’ll still have to pay Andrew Nicholson $2,844,430 each of the next seven years – no small thing – but they’re at least reducing their burden for each of the next three years, when major luxury-tax issues still loom. They can deal with 2024 later.

Competing for the playoffs, Portland will miss Crabbe off the bench. But there are reasons he was expandable.

He doesn’t create enough offense for himself or others, and his defense is passable at best (and not versatile). Crabbe’s 3-point percentage (44%) is impressive, but it’s in part due to his high selectivity. He launches 3s at a middling rate for a guard, and 77% of his long-distance attempts were classified as open or wide open by NBA.com.

Simply, Crabbe must do more to get open and/or hoist more shots that reduce his efficiency but boost’s his team’s. He could also lock in a little more defensively.

Still, Crabbe is a helpful player already. He’s also just 25, so he can improve. The Nets obviously like him.

And he apparently likes Brooklyn, waiving his $5,674,875 trade bonus to facilitate a deal. As controversy swirls over Kyrie Irving requesting a trade from one of the NBA’s best teams, it’s interesting Crabbe would leave money on the table to go from a playoff team to a cellar-dweller. The Nets offer a bigger city, probably more playing time and definitely a front office that values him. So, it’s a reasonable choice, but also one that raises eyebrows.