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.

Thunder’s offseason moves start here: Offer Russell Westbrook $220 million contract

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The narrative of Oklahoma City’s first-round playoff loss to Houston — and frankly its entire season — was about how little help Russell Westbrook was given. Game 5 was the perfect example: The Thunder were +12 when Westbrook was on the court, but he rested for 6:07 and OKC was -18 in those minutes. The Thunder’s role players are young and many — for example, Enes Kanter — are very one dimensional, but that’s because their role was supposed to be much more narrow and defined. Then Kevin Durant left and players were asked to do things outside their comfort zones, or grow up fast, and it didn’t go that well.

Thunder GM Sam Presti has some work to do this summer to tweak that roster, make it more versatile, and design it to fit better around Westbrook (not to mention take some of the load off him).

But the first thing Presti has to do is keep Westbrook — and that means offering him a five-year, roughly $220 million extension. Royce Young if ESPN has the details on how that works.

After signing an extension last summer in the wake of Durant’s departure, Westbrook can sign another in the ballpark of $220 million over five years this summer. Westbrook is signed through the 2017-18 season, with a player option on the following year, but the Thunder would obviously like to have a longer commitment from their franchise player.

The expectation is that they will make the offer, but should Westbrook decline, all that talk of stabilizing the franchise would get a little more wobbly, and with only a year guaranteed, talk of trading him could spark again. It will certainly be alarming for the front office, especially after what it went through with Durant.

It’s hard to imagine Westbrook walking away from that money — it’s about $75 million more guaranteed and one more year than any other team can offer. That’s a lot of cash to leave on the table, I don’t care how much you make in endorsements. (If Westbrook left, signed a max deal elsewhere for four years, then signed a max deal for that fifth year later, he still would get roughly $35 million less than signing with the Thunder now.) Once Westbrook is locked into place, Presti can start looking to reshape the Thunder roster.

But if Westbrook pauses and doesn’t sign, the NBA rumor mill will be moving at the speed of Westbrook in transition. The Thunder wouldn’t want to lose Durant and Westbrook for nothing, it would set their rebuilding process way back, so Presti would have to consider trades. However, because Westbrook is a free agent in 2018, he would almost have a no-trade clause — no team is going to give up much to get him without an under-the-table understanding he would re-sign in that city.

Expect Westbrook to agree to the extension in OKC. Because he likes the team — remember, he signed that extension last summer (which got him a healthy pay raise) — and because it would make him the highest-paid player in the NBA, and that would feed his ego (and pocketbook).

Once he does, Presti’s real work begins.

After tough loss, Chris Paul wasn’t having any of reporter’s inane question

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LOS ANGELES — The Clippers are feeling a lot of pressure these playoffs, and they have suffered a couple tough losses at home now. That can lead to some interesting postgame press conferences, something we’ve already seen this series from Doc Rivers.

Tuesday it was Chris Paul‘s turn.

The Clippers had just dropped Game 5 at home and are staring a 3-2 deficit series deficit in the face, and they have to win those two games without the injured Blake Griffin. That’s when this exchange happened.

I was in the room with this happened. Yes, there were a lot of eye rolls when the question was asked.

This was not a rookie reporter, it was a guy who gets sound for local radio stations and has been a regular at Staples Center games for years. He knew what he wanted, a fairly standard quote about how the Clippers just need to take it one game at a time but they are confident they will be back, that they can still win the series. We have all heard it before, the kind of generic crap that is all over columns about the game and talk radio. The reporter served up the softball and, frankly, most nights savvy players just give the reporter the quote they want and move on.

Tuesday Paul was having none of it. Which led to a pretty amusing exchange, especially with the follow up that was not going anywhere.

That said, I do not know one reporter worth his or her salt who has not asked a question they regret, and been called out for it. Sometimes we get called out for good questions we do not regret. It is part of the gig.

Rajon Rondo says he will not play in Game 5, doesn’t sound optimistic about quick return

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He tried. Rajon Rondo has seen the Chicago Bulls struggle the last two games without him as a strong defender and stabilizing influence at point guard — something nobody thought Rondo would be mid-season — and he wanted to get back on the court for Game 5 against the Celtics. He took some steps toward getting ready to play.

But it’s not happening, Rondo said at shootaround Wednesday. From Vincent Goodwill of CSNChicago.com and K.C. Johnson of the Chicago Tribune.

And it’s not just the fractured thumb.

If the Bulls are going to win this series, they are going to have to do it without Rondo.

Isaiah Canaan will get the start in Game 5, and he will set a lot of screens in a 1/3 pick-and-roll to try and get Isaiah Thomas switched on to Jimmy Butler. Canaan can do that. He had fallen way out of the rotation and is really a two-guard not a point, but with the terrible play of Jerian Grant and Michael Carter-Williams, coach Fred Hoiberg took a gamble. It worked, at least for one game. Canaan with the other four Bulls starters — Butler, Dwyane Wade, Nikola Mirotic, and Robin Lopez — were +12 in 11 minutes together in Game 4, and played well on both ends of the court. But Canaan was buried on the bench for a reason, he shot 36.4 percent on the season, 26.6 percent from three, and he’s not a great defender. The Celtics will be prepared for him in Game 5.

Hoiberg’s best option is to lean on a no point guard lineup when it matters most, with three wings who can handle the ball in Jimmy Butler, Dwyane Wade, and probably Denzel Valentine. That could be a challenging defensive lineup and Boston will try to get the lightning quick Isaiah Thomas switched onto Wade or Valentine (neither of which can guard him). Also, this lineup would be draining and put a big load on Butler, but he could handle it for critical stretches of the game.

Cleveland OKs last chunk of financing to upgrade Cavs’ arena

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CLEVELAND (AP) — Cleveland officials have committed the final chunk of financing for $140 million in upgrades planned at the Cavaliers’ home arena.

The makeover of Quicken Loans Arena would include more space for dining and gathering.

The cost of renovations to the concert and sports venue is being split by the city, the team, Cuyahoga County, and a convention and visitors bureau. The final total is expected to be roughly double the initial $140 million price tag, mostly because of interest over the next two decades.

Cleveland’s share is an estimated $88 million over 11 years, starting in 2024. Mayor Frank Jackson signed off on that Tuesday.

The county already approved the deal and agreed to sell bonds for the project.

The team committed to extend its lease at the arena to 2034. It is expected the team will make a bid to host the NBA All-Star game once renovations are complete.