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.

Friday afternoon fun: Watch James Harden’s 10 best plays from last season

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James Harden had a historic season in Houston.

Since it’s Friday afternoon and your sports viewing options consist of watching guys about to be cut from NFL rosters try to impress, why not check out Harden’s best plays from last season. It’s worth a couple minutes of your time.

Mavericks sign Jeff Withey to one-year contract

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Jeff Withey‘s ex-fiancée accused him of domestic violence, but he was not charged.

That frees him to continue his basketball career, which he’ll do in Dallas.

Shams Charania of Yahoo Sports:

The Mavericks could use another center, even if they re-sign Nerlens Noel. Salah Mejri is the only other true center, though Dirk Nowitzki will now play the position.

Withey is a good rim protector. Just don’t ask him to do anything away from the basket.

Dallas annually brings excess players to training camp and has them compete for regular-season roster spots. Whether or not his salary is guaranteed, Withey will likely fall into that competition.

Marc Gasol: If Grizzlies don’t share my goal of continued growth, we might have to revisit things

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The Grizzlies’ Grit & Grind era has ended.

Zach Randolph signed with the Kings, and Tony Allen appears likely to leave Memphis, too. The Grizzlies are prioritizing younger/cheaper players like Ben McLemore and Tyreke Evans.

Marc Gasol via Ala Carta, as translated by HoopsHype:

I’m very ambitious and I’ve wanted Memphis to be a great franchise. We’ve grown a lot the last 6-7 years, but we have to keep growing. If this is not lined up, maybe we may have to revisit things.

Gasol has been loyal to Memphis, and his first wish is probably winning there. But Giannis Antetokounmpo put it well: Teams must also do right by their players. Gasol is 32 and doesn’t have much time in his prime left. I see why rebuilding wouldn’t interest him.

But what will he do about it if the Grizzlies don’t prioritize the present? They made their push last summer with a max contract for Chandler Parsons, but because Parsons can’t stay healthy, that deal only inhibits team growth.

Gasol is locked up for two more years before a player option. He doesn’t have much leverage. This is part of the reason LeBron James keeps signing short-term contracts. Gasol doesn’t have the same ability to steer his team in his desired direction

On the potentially bright side, rebuilding teams often don’t have much use for 32-year-olds guaranteed more than $72 million over the following three years. If the fit devolves, Memphis becomes more likely to trade him.

Celtics to retire Paul Pierce’s number after Cavaliers game in February

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The Celtics already said they’d retire Paul Pierce’s No. 34.

Now, we know when.

Celtics release:

The Boston Celtics announced today that they will retire Paul Pierce’s No. 34 after a mid-season game against the Cleveland Cavaliers on Sunday, Feb. 11

After? That’s apparently in response to a new rule that penalizes teams not ready to play after a 15-minute halftime. These ceremonies can drag on, and nobody wants to cut Pierce short. I wonder whether this will start a trend of number retirements coming after games.