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.

PBT Podcast: Breaking down the Kyrie Irving trade

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Is LeBron James more likely to stay in Cleveland now?

Are the Boston Celtics contenders? Are they better set up for the future?

There are a lot more questions that come out of the surprise Kyrie Irving trade to the Boston Celtics for Isaiah Thomas, Jae Crowder, Ante Zizic, and the 2018 Brooklyn Nets pick. It’s a deal that is a big win for Cleveland, they got more than they should have expected in return. However, this is in no way a bad deal for the Celtics.

Kurt Helin and Dan Feldman of NBC Sports break it all down in this latest PBT Podcast.

As always, you can check out the podcast below, or listen and subscribe via iTunes (just click the button under the podcast), subscribe via the fantastic Stitcher app, check us out on Google play, or check out our new PBT podcast homepage and archive at Audioboom.com.

Report: Clippers reach deal with Michael Winger to be new GM

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We knew this was coming, now it’s about to be official.

Former Oklahoma City Thunder assistant GM Michael Winger is about to take over as the general manager of the Los Angeles Clippers. They offered him the job last week, now the sides have agreed to terms, and he will sign a deal soon, reports Adrian Wojnarowski of ESPN.

Oklahoma City Thunder executive Michael Winger has reached an agreement in principle to become the general manager of the LA Clippers, league sources told ESPN on Wednesday.

Doc Rivers is no longer the guy with the hammer in Los Angeles, he will just be coaching the Clippers (and still getting $10 million a year paychecks, in case you think he’ll just walk away). The power structure now has Lawrence Frank at the top as the President of Basketball Operations, with Winger doing to work under him. The Clippers are expected to hire Trent Redden, one of David Griffin’s former right hand men in Cleveland, to work under Winger as an assistant GM. The Clippers also are expected to hire another assistant GM soon.

Frank, Winger and crew take over a team in transition. Chris Paul is gone, but the Clippers locked up Blake Griffin on a max deal this summer, they got a good veteran point guard in Patrick Beverley from Houston, and they signed Danilo Gallinari. They picked up some good young players in the CP3 trade such as Montrezl Harrell and Sam Dekker (who they now need to develop). The Clippers should be in the mix for one of the final three playoff slots in the West next season, but that doesn’t answer the bigger picture questions. Are the Clippers a team rebuilding for the future on the fly? Are they looking to stay good and relevant until they can get their new building in Inglewood constructed? Are they a year or two away from a total rebuild?

Steve Ballmer ultimately gets to make that call. It will be up to Winger to execute it.

Kyrie Irving trade doesn’t change LeBron James’ plans. Probably.

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The Kyrie Irving trade to Boston was really about LeBron James.

Irving wanted out of LeBron’s shadow in Cleveland and asked for a trade. Cleveland got in Isaiah Thomas and Jae Crowder two guys who can help them win next season and chase a ring (and the Warriors) while LeBron is in Cleveland. It also gave the Cavaliers the Brooklyn Nets pick next draft and Ante Zizic, players that could help Cleveland rebuild if LeBron leaves next summer as a free agent.

What this trade doesn’t do is change LeBron’s calculus.

Probably.

LeBron can opt out of the final year of his contract and become a free agent next summer, and he almost certainly will do that. Even if he wanted to stay in Cleveland, he’d opt out to sign a bigger, longer deal.

What has not changed with this trade is the sense around the league is LeBron has one foot out the door — good luck finding anyone who thinks he’s likely to stay a Cav after next season. He seems ready to move on to the next chapter and challenge, having brought a ring to Cleveland and it looks like this era and team has played itself out.

However, what LeBron has done well is leave his options open, something he has done very intentionally sources tell me. Maybe he wants to go to Los Angeles to enjoy the weather, be close to his business interests, and chase rings with Lonzo Ball and whoever else the Lakers can land in free agency (such as Paul George). Maybe Blake Griffin is on to something and he wants to be a Knick. Maybe a lot of things, the point is LeBron left his options open to make whatever call he wants.

Including staying in Cleveland. Even if it’s a longshot right now, a season is a lifetime in the NBA and attitudes shift.

With this trade, the Cavaliers remain the team to beat in the East, and Crowder gives them the kind of shooter and wing defender the team desperately needed in a matchup with the Warriors (they need more like him). The reality is that if the Warriors are healthy, maybe the series ends in six games instead of five (and that’s a big maybe), but Golden State is still clearly superior. However, the Cavs will be in the Finals, they will get their shot — and stuff happens. We’ve seen it before, a player misses a game (let’s say due to a suspension for kicking) or another has an injury and is not quite 100 percent, and the door opens — then LeBron and Thomas can bust right through it. If the Cavaliers are in the Finals, they have a chance.

Win a ring, or even if the Cavs look like they can legitimately win a ring, LeBron will take it into consideration. That’s where the Brooklyn Nets pick comes in — maybe the Cavs can draft an elite player to add to the mix, or maybe they can trade the pick to get another top veteran player to come to Cleveland to round out the team.

That’s a lot of ifs. LeBron still is more likely to leave then stay next summer. His thoughts, his calculus does not change. What this trade does is give the Cavaliers a slightly better shot at a ring (even though Thomas has some serious defensive issues that can be exposed). With that there’s a chance.

The trade also gives Cleveland options if LeBron looks like he’s leaving. They have a little more flexibility, too.

Winners, losers in the Kyrie Irving trade to Boston

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Here’s the hard thing about coming up with this list: There really weren’t big losers.

Unlike some of the other blockbuster trades this summer — Jimmy Butler to Minnesota, Paul George to Oklahoma City — the trade of Kyrie Irving to the Boston Celtics for Isaiah Thomas, Jae Crowder, Ante Zizic, and Brooklyn’s first-round pick next draft didn’t have a clear loser. The Cavs did well in the short term and got themselves more flexibility, the Celtics may have set themselves up for future banners. So this list is heavy with winners. But here it is.

Winner: Cleveland Cavaliers. Once it became public knowledge that Irving wanted out of Cleveland their leverage was gone. They went looking for a potential young star player in a deal — Devin Booker, Jayson Tatum — and were shot down at each turn. It looked like they would have to settle for a lesser package or bring Irving back to training camp and tell him to get along with LeBron James.

Then this deal came through, and it’s a clear “A+” for the Cavaliers. Cleveland lands an All-NBA point guard whose production next season will be close to what Irving provided, and Thomas plays with more of a chip on his shoulder. Also, the Cavaliers added what they desperately needed — a quality “3&D” wing in Crowder, a guy who can knock down jumpers and cover Klay Thompson or Kevin Durant (as much as anyone can cover them). On top of it, the Cavaliers get what will be a high draft pick — Brooklyn may be better but this is still no worse than the 5-6 pick — in a draft deep with quality big men.

Cleveland is still the best team, the team to beat in the East, and they got a key pick to help add youth and athleticism to the roster.

Winner: Boston in a couple of years. Boston’s argument it won the trade is simple — it got the best player in the trade. Thomas and Irving put up comparable numbers last season, but Irving is capable of defending (even though he rarely does, not even in the Finals last season). Irving is a couple of years younger, and because of his height will likely age better than Thomas. However, in giving up Crowder and the Brooklyn pick, the Celtics surrendered their best trade assets.

Cleveland is going to be a better team than Boston next season, but the Irving/Hayward combo with good role players around them has Boston poised to be even better in a couple of years, once guys like Jayson Tatum and Jalen Brown develop. Boston is set to be next (providing they can re-sign Irving).

Winner: Kyrie Irving. He wanted out of the immense shadow of LeBron and he got it — and he still landed on a contender. In Boston, he is the most marketable player and while the team has other stars — Gordon Hayward, Al Horford — none are the kind of dominant force of nature that LeBron is. Kyrie will get plenty of time in the sun, he will get great opportunities in Brad Stevens offense (better sets than he was running in Cleveland), and he will continue to win.

Irving may have wanted to be the star, but he didn’t want to be the one-man show on a bad team. Now he’s in a good place.

Loser: The Los Angeles Lakers (maybe, or any other team with dreams of signing LeBron next summer). LeBron James still more than likely bolts Cleveland next year. But Cleveland got a little closer to keeping them with this trade, and as our own Dan Feldman noted on the PBT podcast that is not good for teams dreaming of signing LeBron. Isaiah Thomas brings buckets at the point guard spot plus he plays with a chip on his shoulder that this team could use (the Cavaliers coast too much during the season). In Crowder the Cavaliers land the kind of wing player they need to match up better with Golden State. If they want to pick up a role player at the trade deadline, Ante Zizic could be part of that package. More importantly, that Brooklyn pick could be used to bring in a high draft pick player LeBron likes, or it could be traded to get a veteran that LeBron wants to play with.

LeBron wants to add rings to his legacy. If this trade helps him think Cleveland is where he can best do that, he could stay. I wouldn’t bet on it as likely, but the odds LeBron stays in Cleveland after next season got just a little more likely. Which makes the Lakers potential losers.

Winner: Koby Altman. I couldn’t bring myself to put Dan Gilbert here, it was still a stupid decision to show David Griffin the door. But give due credit to the man who replaced Gilbert, Kobe Altman. He just orchestrated a brilliant trade that keeps the Cavaliers as the favorites in the East next season and gives them more flexibility going forward. It was a master stroke, getting a guy in Danny Ainge known for hoarding assets to give up two of his best shows Altman knows how to do his job.

Winner: NBA Fans. Opening night, Oct. 17, the first game of the NBA season is the Boston Celtics visiting the Cleveland Cavaliers. Kyrie Irving is going to get booed mercilessly. Isaiah Thomas (if his hip is healthy) will be looking to put on a show for the new home fans. It’s going to be glorious.

It may not have tilted the balance of power in the East, but it made the conference far more entertaining to watch this season.