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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.

Stephen Curry, Klay Thompson each hit seven threes, Warriors pull away from Magic

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ORLANDO, Fla. (AP) — Stephen Curry and Klay Thompson each hit seven 3-pointers and the Golden State Warriors won their seventh straight game, beating the Orlando Magic 118-98 on Sunday.

Tied at the half, the Warriors woke up from West Coast time in the second half to pull away. This was the first Eastern time zone noon tip for them since 1995, when they lost by 34 points in Orlando.

Curry went 7 for 13 on 3s and scored 27 points while Thompson as 7 for 9 from behind the arc and had 21 points. The Warriors shot 19 of 42 overall from 3-point range while the Magic went 7 for 28.

After trailing by 11 in the first half and committing a dozen turnovers, the Warriors went into the break even at 50. Curry hit four 3s and had 14 points in the third quarter as the Warriors outscored the Magic 42-24.

Kevin Durant added 15 points for the Warriors, Zaza Pachulia had 14 and JaVale McGee added 13.

Elfrid Payton led Orlando with 23 points. Nikola Vucevic, Jeff Green, C.J. Watson and Bismack Biyombo each had 12.

TIP-INS

Warriors: Lost at Orlando 132-98 on March 26, 1995, in their previous noon tip in the East. … Coach Steve Kerr decided to rest backup point guard Shaun Livingston.

Magic: D.J. Augustin sprained his right ankle during the second quarter and did not return to the game. … The Magic signed D-League affiliate Erie BayHawks forward Anthony Brown to a 10-day contract Sunday. Brown is averaging 21.6 points, 5.1 rebounds, 3.4 assists and one steal in 16 games with the BayHawks.

 

Report: Bulls shopping Rajon Rondo, Nikola Mirotic as trade deadline apporaches

CHICAGO, IL - JANUARY 02: Rajon Rondo #9 of the Chicago Bulls watches from the bench as the Bulls take on the Charlotte Hornets at the United Center on January 2, 2017 in Chicago, Illinois. The Bulls defeated the Hornets 118-111. The 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 Jonathan Daniel/Getty Images)
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Chicago’s front office chose to make quick-fix, treading water moves this summer. They wisely traded Derrick Rose and kept Jimmy Butler as a franchise cornerstone, but when the possibility of getting Dwyane Wade became a reality they decided to push to win more now, adding Rajon Rondo to the mix. The fit seemed awkward from the start and the result is exactly what everyone outside Chicago predicted — a roughly .500 team (22-23) that is terrible at shooting the three.

The Bulls are barely in the playoff mix and are now looking to make changes, shopping Rondo and Nikola Mirotic in hopes of finding players that are better fits, reports Joe Crowley of the Chicago Sun-Times.

According to multiple sources, the Bulls have been actively shopping Rajon Rondo and Nikola Mirotic in hopes of shaking up the roster, as well as making a second-half run in the wide-open Eastern Conference. However, according to one of the sources, neither player is moving the needle as far as what general manager Gar Forman deems a worthy return.

“Obviously, you knew that would be the case with Rondo,’’ the source said. “But they don’t like what they’re hearing back on [Mirotic] either. Then again, that’s a [front office] that tends to overvalue its assets.”

This isn’t really news to anyone following the Bulls, they have been looking for deals — particularly for Rondo — for a little while.

The bigger question is: What do the Bulls think they could get back for Rondo? It’s not going to be anything of value. The summer free agent market for him was not strong and, while he was arguably the best point guard still on the market when they went looking, the $14 million they gave him this season was more about money they had to spend than pure market value. Since then, Rondo has had clashes with the coaching staff and been sent to the bench which plays into his reputation (whether that is fair or not is another question), making it even harder to find a taker for him.

Mirotic has taken a step back this season and is inconsistent with what his supposed to be his strength, outside shooting — he is hitting just 31.1 percent from three this season. While a change of scenery could be good for his touch from the outside, he is also a major defensive liability, which limits his value.

All of which is to say, the Bulls are not going to get a lot in return here. The Bulls may realize that Cristiano Felicio is the future at that spot for them, but it doesn’t mean others are biting on Mirotic.

Also, just a reminder that the Bulls are shooting down all trade interest about Butler.

 

Baron Davis figured out why Russell Westbrook isn’t starting All-Star Game: Russian hackers

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When the starters for next month’s All-Star Game in New Orleans were announced this week, there was a mini-uproar on Twitter because Russell Westbrook — the guy averaging a triple-double this season — wasn’t picked. It’s hard for me to get worked up over two-time MVP Stephen Curry getting the nod, but if you want someone to blame it was the fans’ call — they voted Curry first overall, James Harden second, Westbrook third. The players and media had Westbrook first, Harden second, but the tie is broken by the fan vote.

Enter Baron Davis with the timely joke.

We just need to tie in a Zaza Pachulia joke and it will be perfect.

Report: Bucks brought Jabari Parker off bench for discussing with media team’s meeting

Milwaukee Bucks forward Jabari Parker, center, looks for an open teammate as he is surrounded by Miami Heat players during the second half of an NBA basketball game, Saturday, Jan. 21, 2017, in Miami. The Heat defeated the Bucks 109-97. (AP Photo/Wilfredo Lee)
Associated Press
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The Milwaukee Bucks had lost four in a row and had slid out of a playoff slot in the East. It’s not one end of the court — in their last five games, the Bucks had the second-worst defense and fourth-worst offense in the NBA. After that fourth loss, the team held a players’ only meeting, one where Jabari Parker reportedly ripped his teammates for a lack of togetherness.

In the postgame media sessions that followed, Parker told the press he confirmed there was a meeting and said he had been “thrashed” by his teammates for what he said.

It was that speaking to the media that got him benched for a game — as decided by his teammates — reports Chris Haynes of ESPN.

Milwaukee Bucks forward Jabari Parker did not start in Saturday’s road loss to the Miami Heat for violating a team rule that prohibits disclosing locker room discourse to the media, league sources told ESPN…

Parker’s teammates deliberated and decided the appropriate punishment for the violation was to bring him off the bench against the Heat, league sources told ESPN. It was the first time this season that he did not start.

The meeting and the benching didn’t help, the Bucks fell to the lowly Heat 109-97. (Team/players meetings are overrated in how often they help teams turn things around.)

The good news for the Bucks is that in a tight East they remain just a game out of the playoffs and three games out of the five seed. It’s going to be a tough week to turn that around with the Rockets, resurgent Sixers, Raptors, and Celtics on the schedule.