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Breaking: Deal between Maloof family, Seattle’s Chris Hansen for Kings struck, to be announced

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While Sacramento will get a final shot to convince NBA owners that this is not something they want to approve, sources have told ProBasketballTalk that Seattle’s Chris Hansen is ready to announce a tentative agreement to purchase the Sacramento Kings in the coming days.

Following this come reports other teams have been notified of a sale, something PBT can confirm. The sale price is $525 million of which the new owners will get 65 percent.

Adrian Wojnarowski reported a week ago a deal between the Maloof family and Hansen was “at first and goal from the one,” and furthermore that the Kings moving to Seattle was a done deal. That report had been echoed by CSN Bay Area’s Matt Steinmetz and David Aldridge of NBA.com, though each reporter left a little wiggle room in case the Maloofs changed their minds.

According to our sources, any deal sending the Kings to Seattle would not be a done deal because any deal would be subject to an approval by the NBA’s Board of Governors.  In addition, sources tell PBT that Sacramento has been approached by at least three groups of “heavy hitters.”  Sacramento could be getting close to announcing a group that meets NBA criteria that has the “vision to transform one of the NBA’s most proven markets into a top NBA franchise.”  This, they believe, will help win the NBA’s support for keeping the Kings in Sacramento.

As we’ve followed this story for the last two years, the city of Sacramento has bent over backwards to accommodate the Maloofs according to sources from all sides of the situation. One league source called their offer of public funds to build an arena for the Maloofs a “model offer of public funds,” and the NBA itself supported the failed deal from last year that the embattled Maloof family backed out of.

Since reports of the Kings’ move to Seattle have hit the net from very reputable sources, Sacramento has been firing on all cylinders in what has been a long-term initiative to respond in the event the Maloof family was willing to sell the team. Indeed, sources close to the situation in the California capitol have told PBT that preparing for this contingency has been a prime focus of the city, and that when it comes time to present Sacramento’s offer to the Board of Governors that they believe it will be a compelling and competitive offer.

It will be up to the Board of Governors — made up of the 29 other NBA owners — to make that determination.

We reported in September that Seattle’s Chris Hansen would need to put up more money to beat Sacramento’s offer, and that is one of the main sources of the city’s confidence according to sources speaking on condition of anonymity.

We calculated that an offer from Sacramento of $425-450 million for the overall price of the Kings franchise would put more money in the Maloofs’ pockets than the reported $525 million offer from Hansen, because a Sacramento owner would not need to worry about the Maloofs’ outstanding loan to Sacramento (~$75 million).  The city also doesn’t have to worry about the league’s relocation fee, which was $30 million when the Sonics moved to Oklahoma City and became the Thunder, although the Board of Governors can set that fee at whatever level they wish. USA Today’s Sam Amick confirmed Sacramento’s target offer in his exclusive interview with Sacramento Mayor Kevin Johnson last week.

The biggest point in Sacramento’s favor according to sources is the “model offer” of public funds itself, an offer that was in excess of $200 million in a California climate that normally doesn’t support public funds for sports facilities.

Sources close to the situation tell PBT that this, along with the league’s fear of another Sonicsgate, will be the deciding factors should Sacramento be able to provide an actionable offer that is competitive with Seattle.

The Maloofs themselves have reached the point where they have to sell the team, something that doesn’t really help their leverage. Their financial struggles are well documented and in May they asked their minority owners for a $10 million cash call. Along with the threat of having a lame duck year in Sacramento, nobody with knowledge of the situation has said that there is a realistic chance that the family decides not to sell.

This means that this story is coming to a head, and if the Board of Governors pushes the Maloofs toward the Sacramento offer they will have to listen. Because a Sacramento offer can put the same type of dollars in the family’s pockets, sources in Sacramento like the city’s chances to pull this out.

Favoring Seattle is the fact they have a larger television market than Sacramento (Seattle is 14th, Sacramento is 20th), and that a relocation fee assessed to Seattle could put money in each owners’ pockets, but Sacramento isn’t without ammunition here.  They have no competition from other sports teams and have a long and storied history of supporting their franchise.  They are also arguably further along in their arena building process, as Seattle is still facing two relatively toothless lawsuits and an environmental review while Sacramento’s arena deal was ready for approval last year.  In addition, as SB Nation’s Tom Ziller points out, there are several reasons that expansion could benefit the league and owners would also benefit from an expansion fee in that case as well, which would theoretically give the Hansen group a better price point to join the club.

Sacramento has been working for a long time and has not been caught off guard by the Maloofs’ intentions to sell. As long as Mayor Kevin Johnson can deliver the package he has been foreshadowing, it will be up to the league to decide whether or not they want to turn their back on Sacramento.

As usual, it comes down to showing the league the money. Fortunately for Sacramento, this is something that Mayor Johnson has a great track record with.

Sacramento Mayor Kevin Johnson will reportedly get that chance, but he’s going to have to convince the owners to reject a deal put before them. While those same owners did that in the case of a proposed Kings move to Anaheim, this may be a tougher pitch for Sacramento.

Jason Kidd plans to bring Greg Monroe off Bucks’ bench, which is news to Monroe

PHOENIX, AZ - DECEMBER 20:  Head coach Jason Kidd of the Milwaukee Bucks stands on the court during introductions to the NBA game against the Phoenix Suns at Talking Stick Resort Arena on December 20, 2015 in Phoenix, Arizona.  The Bucks defeated the Suns 101-95. 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 Christian Petersen/Getty Images)
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The Bucks spent most of the summer trying to trade Greg Monroe, and the asking price was rumored to be so low most of the buzz around the league was a deal would get done. Except to trade Monroe another team had to want Monroe, and therein lied the rub.

Monroe was at Bucks media day on Monday, and coach Jason Kidd announced he plans to bring Monroe in off the bench. That got interesting. From Gery Woelfel of the of the Racine Journal Times:

It shouldn’t be news, Kidd brought Monroe off the bench for part of last season, too.

If Monroe doesn’t start, it means John Henson or Miles Plumlee will start (unless Kidd wants to go crazy small and start Mirza Teletovic).

The real takeaway here: Don’t draft Monroe on your fantasy team. And expect him to get traded at some point this season.

Draymond Green says he will stand for anthem, criticism of Kaepernick “ridiculous”

Golden State Warriors' Stephen Curry conducts an interview during NBA basketball media day Monday, Sept. 26, 2016, in Oakland, Calif. (AP Photo/Marcio Jose Sanchez)
Associated Press
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I’ve said this before: while there will be national anthem protests once the NBA starts playing games in a couple of weeks, don’t expect it from the biggest names — the guys with the biggest international brands to promote. At the same time, expect all those guys to back Collin Kaepernick and others who have done these protests.

The latest example came from the Golden State Warriors media day and Draymond Green. Here is what he said in a passionate talk about the protests, via Anthony Slater of the San Jose Mercury News.

I respect Colin for that because he took a stand, that he knew would probably create some controversy. And he didn’t care. And I respect that because sometimes controversy is needed in order to get the point across. And I think he’s gotten his point across. But my question is like what’s next?…

And of course if everyone wants to talk about Colin, and he’s disrespecting America. No, we’re going to talk about what he’s doing and try to sweep what he’s really talking about under the rug. I think it’s quite ridiculous, to be quite frank. Am I going to kneel down and put my fist up, no I’m not. That’s no disrespect to Colin or anybody else that’s doing it. But they’ve gotten the point across. I don’t think I need to come out and do a National Anthem protest. Because it’s already been started. There’s already a conversation.

What Green is asking is what a lot of people — athletes, activists, people who care about this country — are asking: What kind of actions, what kinds of change can come out of the start of this conversation? Because the question isn’t about respect for the flag or lack thereof — that’s a side issue, a distraction from people who don’t want to talk about race in America and the challenges we still face as a nation in that area. Some of these police shootings are a brutal reminder of how far this nation has to go, but they are just part of a broader issue.

Stephen Curry — whose hometown of Charlotte has experienced rioting after a police shooting in recent days — also was asked about the protest issue and struck a similar tone. Here’s his answer via Sam Amick of the USA Today.

“I respect everybody’s voice, everybody’s platform, and their opportunity and right to protest what they feel in their heart is something they want changed. I’ve said that plenty of times about Colin. I respect what he’s doing. I respect the message that he’s fighting for, and I hope all the spotlight is on that particular message and the things we can do to make changes that are blatantly obvious we need change, so I hope going forward it’s not about who’s raising their fist, who’s kneeling, who’s standing, who’s doing this or that. It’s about what Colin and other guys – what the message is, and what we don’t want to stand for any more.”

John Wall limited at Wizards’ camp, no timeline for full return

OAKLAND, CA - MARCH 29:  John Wall #2 of the Washington Wizards stands on the court during their game against the Golden State Warriors at ORACLE Arena on March 29, 2016 in Oakland, California. 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 Ezra Shaw/Getty Images)
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WASHINGTON (AP) — Washington Wizards guard John Wall will be limited at training camp after undergoing knee surgery over the summer and the team has no timeline for his return.

The 26-year-old All-Star says he’s feeling great and has been able to play 1-on-1 and 3-on-3 with teammates. Coach Scott Brooks doesn’t know if Wall will play in any preseason games.

Wall and Brooks insist they’re “in no rush” with the focus on the point guard getting fully healthy. In May, Wall had a procedure on the patella tendon in his left knee and an arthroscopic surgery on his right knee.

The Wizards open training camp Tuesday in Richmond, Virginia. Brooks says Wall will participate in segments of each practice as he works to get back to 100 percent.

Cavaliers have offered Anderson Varejao a championship ring. Does he take it?

Golden State Warriors' Anderson Varejao (18) poses with a cutout with his likeness during NBA basketball media day Monday, Sept. 26, 2016, in Oakland, Calif. (AP Photo/Marcio Jose Sanchez)
Associated Press
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In the middle of last season, the Cleveland Cavaliers let go of long-time Cav and fan favorite Anderson Varejao to make room for Channing Frye, a stretch four they thought would be more valuable in the playoffs. In hindsight it seems the right move.

After a cap clearing move in Portland, Varejao ended up on the bench of the Golden State Warriors. We all know the story from there, including Varejao getting some meaningful minutes after Andrew Bogut went down, but it wasn’t enough for Golden State.

Which brings us to the awkward championship ring conversation. Usually, an iconic team player like Varejao would get one from the Cavaliers, but will Varejao want this one? From Marc Stein of ESPN:

Good on the Cavaliers for offering.

Is there a correct answer for Varejao? A wrong answer? I can’t blame him either way.

He is on the Warriors roster again this season, and he once again could get meaningful minutes (now behind Zaza Pachulia). Does he decide that one with this team is what he wants (and will bet is going to happen)? Nobody can answer all these questions for him.