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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.

51Q: Can Sean Marks and Kenny Atkinson get blood from a stone in Brooklyn?

BOSTON, MA - NOVEMBER 20:  Rondae Hollis-Jefferson #24 of the Brooklyn Nets reacts after a foul is called against him during the second half at TD Garden on November 20, 2015 in Boston, Massachusetts. 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 Maddie Meyer/Getty Images)
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We continue PBT’s 2016-17 NBA preview series, 51 Questions. Between now and the start of the NBA season we will tackle 51 questions we cannot wait to see answered during the upcoming NBA season. We will delve into one almost every day between now and the start of the season (we’re taking some weekends off). Today:

Can Sean Marks and Kenny Atkinson get blood from a stone in Brooklyn?

A journey of a thousand miles begins with a single step.

For Sean Marks, the new GM of the Brooklyn Nets, the first steps last February was to buy out Andrea Bargnani and waive Joe Johnson, then sign D-League guard Sean Kilpatrick in a quest for undervalued talent.

No team in all the NBA is in a worse rebuilding situation than the Brooklyn Nets. In their owner-pushed quest to open a new building with a splash a few years back, the Nets traded young players and control of their draft picks for expensive players on the back ends of their careers (Paul Pierce, Kevin Garnett, Johnson). When that fell apart as everyone could see it would, the Nets were left without the tools for a quick rebuild. They don’t control their own first-round pick until 2019.

This is a long, slow journey of 1,000 miles.

The question today is: Can Marks and his new coach Kenny Atkinson squeeze more wins out of this team while making that journey? The Nets won just 21 games last season.

They should win a few more this season — 25? 28? — and they should be more competitive. Certainly, they will be more entertaining. However, real change is going to take time. And patience — we’re looking at you, Mikhail Prokhorov.

The Nets have one good young player who should be part of the future core: Rondae Hollis-Jefferson. He needs to become more confident with his jumper, but he is a long, athletic wing who can get to the rim on one end and defend on the other. He should thrive in a more uptempo Atkinson system. If he can stay healthy this season and take a step forward (as expected of second-year players), the Nets get a little better.

Then the Nets have some solid veterans around him. Brook Lopez is still one of the better offensive centers in the NBA, and while the trade waters were tested (and will be again), Lopez remains a Net.

Marks added veteran point guard Jeremy Lin to the mix — Atkinson was an assistant coach to Mike D’Antoni in New York during the Linsanity era, and he knows how to get the most out of him. The Nets brought other vets on the roster such as Luis Scola, Greivis Vasquez, and Randy Foye. Trevor Booker is still on the roster. There is rookie Caris LeVert to develop.

All of this should make the Nets considerably more entertaining (they were the hardest team in the NBA to watch last season) a little better. They should win a few more games. The issues keeping them from making any real leap begin with this was the second worst defensive team in the NBA last season and adding guys like Lin, Vasquez, and Scola to the roster is not going to improve that end. Add to that the fact this team has no true alpha players, plus a lack of depth, they have a lot of fringe players trying to establish themselves (which makes cohesion on the court difficult), they have almost no home court advantage, and it’s hard to be optimistic about the short term.

But Marks and Atkinson know it’s not about the short term.

Hopefully, ownership understands that as well, stays back, and lets the men do their jobs. Find some young talent, trade for what they can, and develop it. Progress will be incremental for years.

Marks has made a lot of good moves as GM, but no quick fixes are coming to Brooklyn. They don’t even have enough picks to trust the process. Progress is going to be incremental.

Marks and Atkinson may get a drop or two of blood from the stone — if you consider five more wins some blood — but don’t expect miracles.

Expect a long journey — and Marks to keep them walking on the right path. Which is all that can be reasonably asked.

Report: Pelicans aggressively seeking ‘one of the higher level free agent guards left’

Norris Cole, Deron Williams
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The Pelicans will reportedly work out Lance Stephenson, and whether or not they’re serious about him, they seem serious about somebody at his position.

Steve Kyler of Basketball Insiders:

I’m not sure who qualifies as “‘one of the higher level free agent guards left” other than J.R. Smith, who seems extremely likely to return to the Cavaliers. (The Pelicans don’t have cap space to pursue Smith, anyway.)

Norris Cole, whom New Orleans already renounced? Mario Chalmers coming off a torn Achilles? Kevin Martin who did little with the Spurs? Kirk Hinrich who’s over the hill? Andre Miller who’s five years older?

Making this harder to decipher: The Pelicans have 15 players with guaranteed salaries, most of whom signed this offseason. How will they make room for an additional guard on their regular-season roster, which is capped at 15 players? They don’t have money or roster spot to lure a quality guard, even if you grade quality on a curve for who’s left unsigned.

Does this signal another shoe to drop in New Orleans?

Former Magic player Keith Appling charged with four more felonies after third arrest in four months

Orlando Magic's Keith Appling (15) makes a shot in front of Philadelphia 76ers' Jerami Grant (39) and Nerlens Noel (4) during the first half of an NBA basketball game, Wednesday, Jan. 20, 2016, in Orlando, Fla. (AP Photo/John Raoux)
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Former Orlando Magic and Michigan State player Keith Appling was arrested for the third time in four months.

The latest arrest brings four new felony charges.

Elisha Anderson of the Detroit Free Press:

The new charges Appling faces are carrying a concealed weapon, resisting and obstructing police, third-degree fleeing and eluding and felony firearm.

Detroit police stopped Appling, 24, on a traffic violation Sunday while he was driving in the area of 7 Mile and Russell about 9:15 p.m, prosecutors said in a news release. A police officer reached in the car to get his identification and Appling is accused of driving off while the officer’s hand was still in the window.

Authorities say Appling threw a Gucci bag from his car. Police found the bag, which had Appling’s name on it and handgun inside, near the area of the initial stop.

Appling was a fringe NBA player. It’s a shame his basketball career probably won’t work out, because he sounds like a really bad criminal.

Tossing your gun in a personalized Gucci bag? Really?

Rutgers uses NBA incomes of Ray Allen, Richard Hamilton, Andre Drummond, Steven Adams to pitch recruits

AUBURN HILLS, MI - MAY 24:  Ray Allen #20 of the Boston Celtics goes up for a shot over Richard Hamilton #32 of the Detroit Pistons in Game Three of the Eastern Conference Finals during the 2008 NBA Playoffs on May 24, 2008 at the Palace at Auburn Hills in Auburn Hills, Michigan.  The Celtics won 94-80.  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 Elsa/Getty Images)
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College men’s basketball teams earn vast revenue on the backs of players while conspiring to pay those players no more than a scholarship and some expenses. In lieu of the market dictating player salaries, that revenue is funneled to administrators and coaches – like Rutgers’ Steve Pikiell, who earns $1.6 million per year.

But the money in basketball is real, and college players want a taste. So, many coaches try to sell players that they’ll prepare them for the NBA, where they can make millions.

Which led to this Rutgers tweet featuring former Connecticut players Ray Allen, Richard Hamilton, Andre Drummond and former Pittsburgh player Steven Adams:

The heck?

Rutgers’ only NBA players in the last two decades were Hamady N’Diaye and Quincy Douby. So, the Scarlet Knights got creative.

An assistant on Pikiell’s staff was an assistant at UConn when Allen and Hamilton played there. Another was an assistant when Drummond was a Huskie. Yet another was a Pitt assistant during Adams’ time.

Just when I thought college teams couldn’t get any cheaper when it comes to their players, here comes Rutgers using its barely earned currency in recruiting.

Connecticut took notice:

Here’s an idea: Instead of squabbling over who deserves credit for getting players paid later, use some of that revenue to pay players now.

(hat tip: Mark Sandritter of SB Nation)