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.

What championship hangover? Cavaliers rout Knicks on ring night in Cleveland.

CLEVELAND, OH - OCTOBER 25:  LeBron James #23 of the Cleveland Cavaliers finishes off a fast break with a dunk in the third quarter as Carmelo Anthony #7 of the New York Knicks watches on October 25, 2016 at Quicken Loans Arena in Cleveland, Ohio. Cleveland defeated New York 117-88. 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 Jamie Sabau/Getty Images)
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There’s a good reason LeBron James has been to six straight NBA Finals. It’s not all about his incredible physical gifts. It’s not about the quality of his teammates.

It’s about will.

On a night when a lot of teams play like their hungover — the night they get their championship rings and a banner is raised to the rafters — LeBron played harder than anyone and pulled his team along.

LeBron had a triple-double — 19 points, 14 assists, 11 rebounds — and led the Cavaliers to an easy win over the Knicks, 117-86. Kyrie Irving had 29 points — 19 in the third — and Kevin Love added 23 in the win.

But mostly it was the Cavaliers’ offense getting whatever shot it wanted and the Knicks watching dunks from up close.

Over the course of this season, these Knicks will evolve into something better than they showed opening night. No Derrick Rose (trial) and no Joakim Noah (injury) meant the Knicks starting five didn’t have a lot of cohesion and chemistry from the start.

After a sluggish first five minutes by both teams — they were a combined 6-of-22 shooting to open the game — the Cavaliers slowly started to create a little space behind 10 first quarter points from Love. That lead really started to grow as the Knicks bench came in and went 0-of-6 shooting to end the quarter, with Brandon Jennings making questionable decisions. Tack on seven Knick turnovers and the first and they were down 10 after 12 minutes.

The Cavs were in control through much of the second quarter until the Knicks went on a 10-0 run to make it a game again. It was Derrick Rose and Carmelo Anthony driving the team — they shot a combined 12-of-20 in the first half, the rest of the Knicks were 5-of-23. It was 48-45 Cavaliers at the break.

In the third quarter the Cavaliers starters cranked it up behind Kyrie Irving and tighter defense — the third quarter saw Kyrie Irving with 19 points and the entire Knicks team with 19. It was 82-64 Cavs after three and the celebration was on.

Kristaps Porzingis showed some moments but his 16 points came on 5-of-13 shooting. Anthony had 19 points on 18 shots. Rose had 17 points but four turnovers and one assist. Brandon Jennings came off the bench to shoot 1-of-7. It was not their best night.

For the Cavs, it was one to remember — the first banner in 52 years went up.

Did we mention LeBron James was dunking all over Knicks? Watch for yourself.


LeBron James isn’t the only story out of the NBA season opener — Kyrie Irving had 29 points, Kevin Love had 23, Carmelo Anthony and Derrick Rose were shotmaking.

But mostly, LeBron James was dunking. And racking up a triple-double (19 points, 14 assists, 11 rebounds). But mostly just dunking. Like you see above. Or there is this alley-oop.

Or, there was this putback throwdown.

And we can throw in a block on Courtney Lee just for fun.

Cavaliers moving ball, LeBron James dunking in season opener

CLEVELAND, OH - OCTOBER 25:  LeBron James #23 of the Cleveland Cavaliers looks on in the first quarter against the New York Knicks at Quicken Loans Arena on October 25, 2016 in Cleveland, Ohio.  (Photo by Ezra Shaw/Getty Images)
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The Cavaliers were not in mid-season form on opening night — they started the game 3-of-12 from the floor and were 4-of-21 from three in the first half.

But they were showing flashes.

Like the LeBron James dunk above. Or this stretch of ball movement below.

The Cavaliers led the Knicks 48-45 at the half.

Watch LeBron James’ speech after getting his ring in Cleveland


“At this point, if you’re not from here, live here, play here, dedicate yourself to Cleveland, then it makes no sense for you to live at this point — Cleveland against the world!”

And with that, the Q went nuts.

LeBron James and the Cavaliers got their rings and raised a banner in Cleveland — the first title banner in that city in 52 seasons (although the Indians are trying to have their say on the matter across the street). It was emotional for everyone in the building, and particularly the hometown boy LeBron.

Check out the full ring ceremony.