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


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, 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.

LeBron James calls Cavs players’ only meeting after loss to Raptors

LeBron James

Yes, the Cavaliers are 11-4 on the season and on top of the East. Yes, they are outscoring teams by 6.7 points per 100 possessions, which is fourth best in the NBA. They have the third best offense in the league. All that without their starting backcourt (Kyrie Irving and Iman Shumpert). There are reasons to be optimistic.

But the Cavaliers have a middle-of-the-pack defense and their efforts have been up and down. Wednesday night was one of those down nights, they lost on the road to Toronto, dropping the Cavs to 3-4 outside Quicken Loans Arena. All those losses are to teams in the East.

It was enough for LeBron James and James Jones to call a players-only meeting, reports Dave McMenamin at ESPN.

Following a 103-99 road loss to the Toronto Raptors on Wednesday, the Cleveland Cavaliers held a players-only meeting during which LeBron James and James Jones got on the team for its inconsistent play through the Cavs’ 11-4 start to the season, multiple sources told….

“It’s all mindset,” James said after the game, still visibly frustrated. “It comes from within. I’ve always had it; my upbringing had me like that. It’s either you got it or you don’t.”

When asked whether fatigue was a factor, James said, “No. It’s not an excuse.” When another reporter asked whether injuries were to blame, James repeated, “It’s not an excuse.”

Injuries and fatigue did play a role, this was a team without four regular rotation players and that puts more of a burden on everyone else. Players can’t look at it that way, but injuries are a reality and they are impacting the Cavaliers right now.

But I get it. LeBron is trying to set a tone, one he learned in Miami and is now trying to instill in the Cavaliers. It’s about effort, it’s about attention to detail, it’s about building good habits over the course of a season so they can pay off in the playoffs. The Cavs are winning, they look clearly like the best team in the East once healthy, and yet LeBron rightfully isn’t convinced they could beat Golden State or San Antonio right now. The good news is they don’t have to beat them right now, but they need to beat them eventually. The building blocks for that are laid during the season. He wants that building to start going up.

But getting guys healthy would solve a lot of those problems.

Jason Kidd ejected; shoving match ensues between teams after Kings beat Bucks

Jason Kidd

Jason Kidd is going to miss a game or three (and some dollars to go with it), and he could not be the only guy in trouble with the league after a tension-filled end to the Kings’ win over the Bucks Wednesday.

There wasn’t a ton of drama at the end of the contest itself. The Bucks played a “defense optional” game that led to 36 points for Rudy Gay and 13 dimes for Rajon Rondo, and the Kings won their first game this season without DeMarcus Cousins (back issue). That frustrated the Bucks to no end.

Jason Kidd expressed that frustration by slapping the ball out of referee Zach Zarba’s hands, a move that rightfully earned him an instant ejection.

You can be sure a suspension is coming for Kidd — the league can’t let that slide. This was not a Budenholzer incidental bump. After the game here is what Kidd had to say.

After Kidd had gone to the showers, there was a little jawing on the court between Cousins (in street clothes) and the Bucks’ O.J. Mayo. That spilled over after the final buzzer into the tunnel, where there was at the very least some jawing, maybe a little shoving, and a lot of security stepping in before anything serious happened.

Whatever happened in the tunnel is going to be a lot harder for NBA disciplinarian Kiki Vandeweghe (technically the vice-president of basketball operations for the NBA) to sort out. Who started what, and did it rise to the level it calls for a fine or more, is going to be tricky, especially since this was out of site of the arena cameras.

Cavaliers stand in middle of Raptors dancers’ routine (video)

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The Cavaliers were ready for their game against the Raptors tonight, and Toronto’s dance team wasn’t going to change that.

The last time I remember something like this happening, Grizzlies guard Tony Allen walked through the Warriors’ kid dancers. This video doesn’t show how the Cavaliers got to that point, but they might have the defense of being there first. Allen definitely didn’t have that.

Wizards score six fourth-quarter points in loss to Hornets

Cody Zeller, Ramon Sessions
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Gary Neal made a jumper with 10:12 remaining in tonight’s Wizards-Hornets game.

That was Washington’s last basket.

Jared Dudley made a pair of free throws on the Wizards next possession, and Neal added two more free throws with 23 seconds left.

And that was all the Wizards scoring in the quarter.

Washington, which entered the final period up seven, lost 101-87 after its 1-for-20 final-period shooting.

The six fourth-quarter points were the fewest by an NBA team in a quarter since Cavaliers scored six third-quarter points in a Jan. 26, 2014 loss to the Suns. Last time a team scored so few in a fourth quarter: Nov. 13, 2012, when the Raptors had five against the Pacers.

At least Neal’s late free throws spared the Wizards further shame. Nobody has scored four or fewer points in a quarter since the Warriors managed just two in a Feb. 8, 2004 loss to the Raptors.

As it stands, this is one of only 44 times in the shot clock era a team has scored so few points in a quarter.