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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.

James Harden organizing Rockets pre-camp workout this week

HOUSTON, TEXAS - APRIL 13:  James Harden #13 of the Houston Rockets reacts to a three point shot during the second half of a game against the Sacramento Kings at the Toyota Center on April 13, 2016 in Houston, Texas. 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 Stacy Revere/Getty Images)
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Last year, James Harden organized a pre-camp workout where Rockets players could get in shape and develop some chemistry. Then the Rockets started the season slowly with Harden not being in good enough shape and the team having chemistry issues.

Hopefully, for Rockets’ fan this year is different — once again Harden is organizing a camp, reports, Fox 26 in Houston. And Harden is working to show what a great teammate he is.

For the second consecutive year Houston Rockets guard James Harden has organized a players-only minicamp scheduled for next week.

“James is doing everything,” said Corey Brewer, Rockets guard/forward. “He is showing he wants to be a leader. He’s the franchise player. He signed the extension. So it’s his team, and he’s doing all the right things to do what we need to do to have a chance to win championships.”

Harden’s plan is to hold the minicamp in Miami. However, the potential of bad weather hitting South Florida may cause the Rockets players to work in a different city.

Nearly every team does one of these, and how much good they do depends on who you ask. Teams that go deep in the playoffs have these camps, teams that disappoint and never make the playoffs have these camps. It certainly never hurts to get some voluntary team workouts in before the coaches take over at the end of September, and good on Harden for organizing it.

Just don’t read too much into any team doing this.

Top 10 NBA plays of last season by position (video)

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Which position – point guard, shooting guard, small forward, power forward or center – produced the best highlights last season?

Watch this video to find out and be glad the positional revolution didn’t reduce it fewer highlights.

Ohio farm commemorates Cavaliers championship with corn mazes (photo)

OAKLAND, CA - JUNE 19:  LeBron James #23, Kevin Love #0, and J.R. Smith #5 of the Cleveland Cavaliers celebrate after defeating the Golden State Warriors 93-89 in Game 7 of the 2016 NBA Finals at ORACLE Arena on June 19, 2016 in Oakland, California. 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 Ezra Shaw/Getty Images)
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Could you find your way out of LeBron James‘ head?

Now, you can find out.

An Ohio farm has created three corn mazes – one featuring LeBron’s head, one that says Believeland and one with a Larry O’Brien Trophy – to commemorate the Cavaliers 2016 NBA title:

This is a championship-level corn maze. 🏆🌽 Thanks for the love, @maplesidefarms! #OneForTheLand #Believeland

A photo posted by Cleveland Cavaliers (@cavs) on

College coaches vote UConn’s Kevin Ollie best-suited/most likely to make NBA jump

DES MOINES, IA - MARCH 17:  head coach Kevin Ollie of the Connecticut Huskies reacts on the sideline in the first half against the Colorado Buffaloes during the first round of the 2016 NCAA Men's Basketball Tournament at Wells Fargo Arena on March 17, 2016 in Des Moines, Iowa.  (Photo by Jonathan Daniel/Getty Images)
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Kevin Ollie made himself one of the NBA’s hottest coaching prospects by leading UConn to the 2014 NCAA title.

He has since resisted NBA overtures, including from the Lakers in 2014 and Thunder last year.

But his peers don’t expect Ollie’s hesitance to last.

Gary Parrish and Matt Norlander of CBSSPorts.com asked more than 110 college coaches, “Which active college coach is best suited and most likely to next jump to the NBA?” The results:

Coach, college Percentage

Kevin Ollie, UConn 20 percent

Bill Self, Kansas 17 percent

John Calipari, Kentucky 16 percent

Jay Wright, Villanova 16 percent

Shaka Smart, Texas 9 percent

Tony Bennett, Virginia 8 percent

Note: Other coaches who received at least three or more votes: Sean Miller (Arizona), Larry Krystkowiak (Utah) and Avery Johnson (Alabama).

Keep in mind 80% of responds didn’t answer Ollie. But he’s still makes sense atop the leaderboard.

Ollie isn’t the typical college-to-NBA coach, and Brad Stevens and Billy Donovan – and maybe eventually Fred Hoiberg – are changing that perception, anyway. Not is Ollie showing his basketball acumen at Connecticut, his 13-year NBA career suggests he can translate his style to the next level.

Of course, Calipari always comes up on these lists. He coaches more future NBA stars than anyone, and he loves the attention that comes with the perception NBA teams are chasing him. But he has the best job in college basketball at Kentucky, so luring him will be difficult.

Self and Wright, the other coaches who got at least 10% of the vote, come up from time to time in NBA rumors. But it never seems to be anything that goes anywhere.