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.

Stephen Curry scores 29, leads Warriors’ rally over Spurs 110-98

Associated Press
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SAN ANTONIO (AP) — Stephen Curry scored 29 points, Klay Thompson had 23 and the Golden State Warriors rallied from a 22-point deficit in the opening quarter to beat the San Antonio Spurs 110-98 on Wednesday night for their ninth straight win.

Golden State extended its lead over San Antonio to 3 1/2 games for the league’s best record, beating the Spurs for the first time in three meetings this season.

Kawhi Leonard had 19 points and five assists for San Antonio. Leonard shot 7 for 20 from the field while being guarded by a rotation of defenders.

The Spurs had a five-game winning streak halted in inglorious fashion. San Antonio got off to its best start of the season two days after dismantling Cleveland in a 29-point victory. The Spurs raced to a 33-17 lead in the opening quarter, matching their largest lead of the season after the first quarter.

Andre Iguodala‘s 20-foot fadeaway jumper off one leg in the final seconds kept the Warriors from matching a season-low for points in the opening period.

Iguodala finished with 14 points.

Golden State rallied from that horrendous start, overcoming a 22-point deficit in the first quarter to take its first lead at 59-57 on Thompson’s 3-pointer 1:20 into the second half.

The Warriors outscored the Spurs 93-65 after the first quarter.

Golden State finished 13 for 26 on 3-pointers after shooting 2 of 5 on 3-pointers in the first quarter. San Antonio had 14 turnovers in the final three quarters.

Warriors forward David West, who was met with a chorus of boos upon entering the game, finished with 15 points. West signed with Golden State in the offseason after playing for San Antonio last season on a discounted contract.

Manu Ginobili had 18 points for San Antonio, and LaMarcus Aldridge added 17.

TIP-INS

Warriors: Golden State forward Kevin Durant worked out on the court before the game, but remains sidelined by an injured left knee. Warriors coach Steve Kerr said there is no update on a possible return, but is encouraged that Durant is moving well and progressing. Durant played a “hard” 1-on-1 against Golden State assistant coach Willie Green earlier in the day. “Kevin got him pretty good,” Kerr said. “It’s a good sign. If Willie had beaten him, I would have been worried.” … Curry has 289 3-pointers this season, second-most in league history, surpassing the 286 he made in 2015. Curry set the league record with 402 3s last season. … Golden State has seven winning streaks of at least seven games in three seasons under Kerr.

Spurs: Ginobili has played 987 regular-season games in his career, tying Hall of Famer David Robinson for third all-time in franchise history behind Tony Parker (1,136) and Tim Duncan (1,392). … PG Patty Mills has 582 career 3-pointers, one more than Hall of Famer Michael Jordan. … San Antonio coach Gregg Popovich said rookie Dejounte Murray is progressing slowly, but remains out with a left groin injury. … San Antonio has eight games remaining, including four at home. … The Spurs are 106-57 overall against the Warriors.

 

Grizzlies beat slumping Pacers, who fall into tie for final playoff spot

AP Photo/Brandon Dill
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MEMPHIS, Tenn. (AP) — Mike Conley matched his career high with seven 3-pointers on his way to 36 points, helping the Memphis Grizzlies rout the Indiana Pacers 110-97 on Wednesday night.

Vince Carter had 21 points and eight rebounds, and Zach Randolph finished with 17 points as Memphis snapped a four-game losing streak. Conley went 13 for 21 from the field.

Paul George led the Pacers with 22 points, Aaron Brooks, who provided an early spark from outside the arc, had 18 points, and Thaddeus Young finished with 16.

Indiana lost for the fourth time in five games.

Memphis played without All-Star center Marc Gasol, who missed his third straight game with a left foot strain. But Conley helped the Grizzlies get off the fast start, and Pacers were never able to catch up.

Memphis led by as many as 22 in the second quarter and carried a 72-53 advantage into the break. Conley scored 22 points in the first half, and the Grizzlies went 10 for 17 from beyond the arc in the first two periods.

Brooks made four 3-pointers and scored 14 in the first half for Indiana.

The Grizzlies led 96-79 after three, and the sliding Pacers never threatened in the fourth.

Indiana (37-38) dropped into a tie with Miami for the last spot in the Eastern Conference playoff race. Both are two games behind Milwaukee and Atlanta.

The Heat, Bucks and Hawks all won Wednesday night.

TIP-INS

Pacers: Brooks made a 3-pointer in the first quarter to reach 800 for his career. … Indiana dropped to 0-8 in road games on the second night of a back-to-back.

Grizzlies: JaMychal Green was out with left shoulder soreness. That caused Memphis to use its 22nd different starting lineup this season. … Memphis scored 38 points in the first quarter, matching its highest point total for any quarter this season. … Memphis has made at least 10 3-pointers in 36 games. … In the third quarter, Carter passed Ray Allen (24,505) for 22nd in NBA history for career points scored. … Reserve guard Andrew Harrison left in the third quarter with a right ankle injury.

PACERS HOMECOMINGS

Pacers forward Thaddeus Young played high school basketball in Memphis and still lives there. Pacers guard Monta Ellis has a home in the Eads community east of Memphis.

HOME STRETCH

Memphis (41-34), which sits seventh in the Western Conference playoff race, has a beneficial schedule down the stretch. Of its seven remaining games, five are at home, and five are against teams with losing records.

UP NEXT

Pacers: Visit Toronto on Friday.

Grizzlies: Host the Dallas Mavericks on Friday.

Three Mavericks teammates restrain Devin Harris, who still gets ejected (video)

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NEW ORLEANS (AP) — Dallas guard Devin Harris was ejected from Wednesday night’s 121-118 loss to New Orleans after angrily protesting calls made by official Ben Taylor.

Harris was assessed two quick technical fouls by Taylor, the first after Harris protested Taylor’s decision to whistle him for a personal foul when he collided with Pelicans’ guard Jordan Crawford.

The impact with Crawford sent Harris crashing to the court, marking the second time in the period that Harris had gone down hard. The first time, no foul was called when a collision with Pelicans’ guard E'Twaun Moore left Harris flat on his back.

When Harris was assessed the first technical, he went into a tirade and had to be restrained by teammates as he advanced toward Taylor. That triggered his ejection.

Bucks’ Malcolm Brogdon beats shot clock, Celtics with dagger (video)

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Who should win Rookie of the Year?

Joel Embiid has been, by far, the best rookie while on the court, but a season-ending injury will limit him to just 31 games. Malcolm Brogdon has been next best over the full course of the season. Dario Saric is making a heck of a finishing kick, and with a couple weeks left, he can still catch Brogdon.

But Brogdon got his own late signature moment in the Bucks’ 103-100 win over the Celtics tonight.

With the Bucks up one in the final seconds and the shot clock nearing expiration, Brogdon hit an off-balance jumper with 3.9 seconds left to produce the final margin.

Milwaukee’s win drops Boston (48-27) to second in the Eastern Conference, behind only the Cavaliers (47-26). The Bucks (39-36) keep pace with the Hawks in a tie for fifth.