Seattle_Sonics

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.

Serge Ibaka says he wants to stay with Magic forever, and they want him long-term

Serge Ibaka jokes around while posing for a photo holding a plastic Flamingo during Orlando Magic's NBA basketball media day, Monday, Sept. 26, 2016, in Orlando, Fla. (AP Photo/John Raoux)
AP Photo/John Raoux
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The Magic took a major risk trading for Serge Ibaka, who’s heading into unrestricted free agency next summer. Rather than have Victor Oladipo (who’ll be a restricted free agent) and the No. 11 pick (who’s on a four-year contract), Orlando could come away empty-handed within a year if Ibaka leaves.

So far, everyone is saying the right things.

Ibaka, via Josh Robbins of the Orlando Sentinel:

“I’m looking to stay here to play forever — for [as] many, many years as possible,” Serge Ibaka said during the Magic’s media day.

“I’m not really worried about my contract year or my long-term,” Ibaka said.

“One of the things I learned playing on a good team is when the team wins, when you make the playoffs, everybody looks good. So that’s what will be my focus right now, because if we win and make the playoffs, everything will take care of itself.”

Magic general manager Rob Hennigan, via Robbins:

“We certainly traded for Serge thinking long-term, and that’s our expectation,” Magic general manager Rob Hennigan said.

I’d be surprised if the Magic and Ibaka didn’t discuss the parameters of his next contract, with the Thunder’s permission, before making the trade. But the Collective Bargaining Agreement prevents any binding unofficial arrangements, so nothing is set in stone.

Ibaka is already talking about making the playoffs, and that would go a long way toward convincing him to stay in Orlando. But what if the Magic miss the postseason, a distinct possibility? How keen will Ibaka be on returning then?

He’ll have other suitors – unless he has a down year. Then, how badly will Orlando want him back?

That Ibaka and the Magic are entering the season with the stated intention of a long-term arrangement means something. But it means only so much.

Quote of the Day: Karl-Anthony Towns wants to learn how to be great

Minnesota Timberwolves center Karl-Anthony Towns celebrates after hitting the game-winning shot in an NBA basketball game against the Portland Trail Blazers in Portland, Ore., Saturday, April 9, 2016. The Timberwolves won 106-105. (AP Photo/Steve Dykes)
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“There are so many talented players in the league. But only a few of them are remembered as being great — because they were willing to say they don’t know. And I’m willing to say that I don’t know everything. I do not know how it is to be a great player, to be a Hall of Famer. I want to learn.”

Karl-Anthony Towns, Minnesota Timberwolves (via Kyle Ratke on Twitter)

There were a lot of things to like about Towns’ rookie campaign — it was impressive enough to make him the clear Rookie of the Year — he averaged 18.3 points and 10.5 rebounds a game, shot 54.2 percent from the floor, and had a PER of 22.3.

But if you talk to people around the league, what really impressed them was his work ethic and drive. He puts in the time, he’s driven, and he listens. There’s a reason Kevin Garnett took to him.

KAT is going to be great. No question.

Jamaal Wilkes auctions off Basketball Hall of Fame ring, nets $25,000

SPRINGFIELD, MA - SEPTEMBER 7:  Jamaal Wilkes speaks during the Basketball Hall of Fame Enshrinement Ceremony at Symphony Hall on September 7, 2012 in Springfield, Massachusetts. (Photo by Jim Rogash/Getty Images)
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Jamaal Wilkes spent a brilliant basketball career always being overshadowed by an all-time great. At UCLA he won two titles and 88 straight games as part of John Wooden’s legacy on squads remembered as Bill Walton’s teams; in the NBA he won championships on teams led by Rick Berry first, then Magic Johnson and Kareem Abdul-Jabbar. Look at it this way: when the Lakers clinched the NBA title in Game 6 of the 1980 Finals, Wilkes had 37 points and 10 rebounds. But what do we remember from that game? Magic scoring 42 points with 15 rebounds and 7 assists as he played all five positions.

Wilkes finally was recognized for his greatness when he was elected to the Naismith Basketball Hall of Fame back in 2012.

This week he put his Hall of Fame ring up for auction online via Nate Sanders and got $25,000 for it. From the official press release:

The 10k Jostens ring features a diamond set on a square red stone. “Basketball Hall of Fame” is engraved in the gold surrounding the stones. Wilkes’ name is engraved on one side above two basketball players in relief. The opposite side has the year “2012” engraved above the Hall of Fame’s official logo.

The ring comes with a letter of authenticity from Wilkes.

Wilkes had previously auctioned off his Hall of Fame trophy, too.

John Stockton working with Bucks point guards at training camp

SACRAMENTO, CA - APRIL 30:  John Stockton #12 of the Utah Jazz dribbles in Game five of the Western Conference Quarterfinals against the Sacramento Kings during the 2003 NBA Playoffs at Arco Arena on April 30, 2003 in Sacramento, California.  The Kings won 111-91.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by: Jed Jacobsohn/Getty Images)
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The Bucks are coached by one of the greatest point guards in NBA history, Jason Kidd. But Kidd invited another legend of the position to camp to work with his point guards. John Stockton, the NBA’s all-time leader in assists and steals, was at Bucks practice on Thursday working with Michael Carter-Williams, Matthew Dellavedova and Giannis Antetokounmpo.

Not a bad person to learn from, especially since the Bucks have one of the weakest point-guard positions in the league.