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.

One reason Markelle Fultz happy to be Sixers over Celtic? Philadelphia has Chick-fil-As

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For about a month, from the day of the NBA Draft Lottery until less than a week before the draft, it was assumed Markelle Fultz would be a Celtic. And he said he was good with that — he’s the No. 1 pick going to a 53-win team that is thinking title contention. That doesn’t happen often.

Then that top pick was traded to the Philadelphia 76ers, and suddenly Fultz was going to be paired with Joel Embiid and Ben Simmons. Fultz liked that a lot, and he liked the city a lot.

Why? Because they have Chick-fil-A restaurants. Check out what Fultz wrote in the The Players’ Tribune, an article titled “What’s Up, Philly.” (Hat tip Inceptions at NBA Reddit)

Then (Fultz’s agent) Keith hit me up and said, “New plan. Philly.”

I was just waking up. So I was like, “O.K., cool. Do they have Chick-fil-A there?”

A crispy chicken sandwich for breakfast. It’s kind of like my good luck charm. Keith never got back to me about that important question. So I found out for myself. I googled it immediately.

Philly does have Chick-fil-A. It has six, actually. Seven if you count the one at the airport. Boston has zero Chick-fil-As, for what it’s worth.

Are restaurants becoming a new recruiting tool? “I know you’re thinking of signing in San Antonio, but we have far more Chipotle’s per capita.” “There’s a Cheesecake Factory just down the street from our practice facility.”

I give it four years, max, before Fultz switches to a slightly healthier breakfast choice, at the requestion of Philly’s training staff.

Warriors newbie Jordan Bell gets call from Draymond Green

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OAKLAND, Calif. (AP) — Jordan Bell knows he will most certainly get an earful from Draymond Green come training camp as a Golden State Warriors rookie.

Green came looking for him on draft night with a FaceTime attempt after acquiring his new teammate’s digits from general manager Bob Myers. But Bell – out with friends celebrating – didn’t answer because the number was unfamiliar.

Bell decided he would text back instead.

“I was like, `Who is this?”‘ Bell recalled Friday, when he was formally introduced and given his new No. 2 Golden State jersey at team headquarters.

“He didn’t reply so I called the number and said, `Who is this?’ Then he was like, `Yo, I FaceTimed you, hang up right now and FaceTime me right back, don’t call me,”‘ Bell said. “I FaceTimed him and he didn’t answer. I was like, all right. I waited like five seconds and I called him back FaceTime and he answered … and we started talking about it. He was like, `Enjoy this night, celebrate, it only happens once, but after this time we have to get back to work, we’re trying to get rings over here.”‘

The NBA champions began the night Thursday without a draft pick but acquired Bell in a trade with the Bulls. The 6-foot-9 forward and Pac-12 Defensive Player of the Year out of Oregon was the 38th overall selection by Chicago.

Bell had been upset he dropped so far in the draft, then everything changed once the Warriors made a move for him. Green was drafted 35th overall out of Michigan State in 2012 and still has a chip on his shoulder about it. In fact, he can name every team in order and its selection above him that draft year.

“Draymond will be a fun challenge for you,” Myers said. “Draymond texted me as I was driving home and he said, `What the’ and then expletive `is your problem’ to me? So you can fill in the blank. Then he said, `I have to hear about this’ expletive `on the internet, you didn’t’ expletive `tell me about it.’ So I couldn’t text and drive so I called him and I said, `OK, all right, calm down.”‘

Green demanded he be able to talk to Bell, so Myers obliged with the new rookie’s contact info.

Green’s teammates are accustomed to his intensity. He even yells at them from time to time.

“He’s like our team mom in a way,” joked Myers. “He’s the one that you have to kind of get through him.”

 

Rumor: Cavaliers could wait to chase Dwyane Wade, Carmelo Anthony after buyouts

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The first reaction to hearing Jimmy Butler was traded to Minnesota on draft night was “the Bulls only got what back?”

The second reaction was “does Dwyane Wade still opt in?”

Yes, he does, and as he said there are 24 million reasons to do so. Hard to argue with that logic. Which leads to the next question: Will the Bulls buy him out? Or, more likely, when will the Bulls buy him out?

Carmelo Anthony could be in the same boat. Phil Jackson wants to trade him but Anthony has a no-trade clause. The number of teams willing to give up anything for ‘Melo where he would waive that clause is very, very limited. You might be able to count them on one finger. And that might be generous. So a buyout could be in order.

Which leads to this interesting note from Brian Windhorst, via Marc Stein, of ESPN.

This makes sense for the Cavaliers. They need roster upgrades and they are capped out. They tried to find a deal to move Kevin Love to get space to chase Jimmy Butler or Paul George, but those three team deals never came together in part because of a lack of trade value for Kevin Love. Adding either or both of these two players to the roster for minimum salaries while giving up nothing is a perfect scenario.

Wade, obviously, has played with LeBron. Even though he is not the player he once was, if his knees are rested he is capable of stretches of fantastic play that can help carry a team. He would be another offensive weapon in a deep arsenal of weapons the Cavaliers have stockpiled.

Anthony would be the same in some ways — he remains a strong scorer in isolation (sets the Cavaliers run more than any other team in the league) and he makes difficult shots. The problem would be elite teams — Golden State, Boston, etc. — could expose his defense against the pick-and-roll. Still, he would be an upgrade if nothing is surrendered for him.

There’s a lot of “what if” still to happen before we get to this. However, the idea of one or both of these guys being in Cavaliers uniforms by the start of next playoffs is not out of the question.

Alec Peters’ tearful reaction to being selected what NBA Draft should be about

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The NBA Draft production in Brooklyn is entertainment. It’s glitz. There’s stage with changing graphics. The NBA Commissioner comes out and announces the picks, then guys who have realized for a while now they would fulfill their dream of playing in the NBA come up on stage in their expensive suits, put on a baseball cap from their new team, shake the Commissioner’s hand, and next get interviewed on national television. It all feels rehearsed and staged, with very little feeling genuine.

I prefer how it went for former Valparaiso star Alec Peters better. He was in his hometown, with family and friends, unsure if his name would be called until just before it happened at spot 54 — and he still didn’t believe it until he heard it.

That is authentic.

The Suns are a good place to land for a young man wanting to develop and prove he belongs in the league. Peters is a 6’9″ power forward who shot 36.9 percent from three. Can he develop into a stretch four/pick-and-pop threat? He’s got a high IQ and will need to prove he can hang with NBA bigs, but he’s going to get his chance.

(Hat tip Ball Don’t Lie)