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.

Kevin Durant on Twitter fiasco: “That was just me being a total (expletive) idiot”

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A couple of days ago, Kevin Durant got into it with a fan on Twitter but used a third-person voice that made it look like he was on another, separate account where his identity was protected. He didn’t hold back going at one of the many fans who have come at him saying he took an easy path. It was a poor choice by Durant.

Tuesday at a Tech Crunch event, he owned up to it, saying what he did was “childish.. idiotic.”

KD went further speaking to Sam Amick of the USA Today after the event.

“I played a little too much, and that (expletive) really hurt me,” Durant… told USA TODAY Sports afterward. “To know that I affected Billy Donovan and the Thunder – like I love those people and I don’t never (want to hurt them).

“That was just me being a total (expletive) idiot. I own up to it. I want to move on from it. It probably hit me probably harder than what everybody (thought). Everybody else was telling me to relax, to snap out of it, but I was really, really upset with myself more than anything. It’s not the fact that people were talking about me, because I deserve that, but I’m just more upset with myself that I let myself go that far, you know what I was saying? It was a joke to me at first. I was doing it all summer, and it went too deep. I went too hard… I haven’t slept in two days, two nights. I haven’t ate. It’s crazy, because I feel so (expletive) pissed at myself and I’m mad that I brought someone into it.”

Durant went on to say he tries to treat the NBA like a playground game, so he can still feel the joy of the sport. Interacting with fans online is just another form of trash talk, he said, then added he let it go too far and said things he regrets.

Durant heard a lot of trash talk coming his way after he left Oklahoma City. Not quite LeBron James leaving Cleveland levels, but plenty. The mature thing to do might be to let this go, because he’s got a ring now. Maybe post a picture of him with the Larry O’Brien trophy and say “for the haters:” and leave it at that. In an NBA world where championships impact legacy (too much, I would argue) he has one now. He will get more in the next few years. He won. So don’t sweat the small stuff.

But that’s not what Durant did. Now he’s going to hear about it for a long time. No matter how much he apologizes, says how bad he feels, and explains himself.

Goran Dragic retiring from Slovenia team after Eurobasket win

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LJUBLJANA, Slovenia (AP) — NBA guard Goran Dragic has confirmed he is retiring from the Slovenia team that won the European basketball championship.

Dragic says on Tuesday, “I achieved what I wanted, the gold medal, and this is the right time to bid farewell.”

The 31-year-old Dragic led Slovenia with 35 points to beat Serbia 93-85 in the final on Sunday in Istanbul, earning the MVP award.

He says Slovenia’s qualifying campaign for the 2019 world championship will start in November, and it would be impossible for him to play due to his professional duties with the Miami Heat in the NBA.

Tens of thousands of jubilant Slovenes greeted the new European champions on Monday in the capital of Ljubljana.

Report: Dante Cunningham re-signing with Pelicans

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An intriguing battle emerged late in free agency over Dante Cunningham.

The Pelicans and Timberwolves were desperate at small forward, and Cunningham rare contributor at the position still available. New Orleans even traded a second-rounder and cash to dump Quincy Pondexter and get far enough below the hard cap to take advantage of Cunningham’s Bird Rights.

That’ll pay off.

Shams Charania of Yahoo Sports:

It’s not the $3,106,500 Cunningham opted out of, but a $2.3 million salary beats his minimum ($2,106,470), which is all Minnesota could’ve offered.

That’s a great rate on someone who might be the Pelicans’ starting small forward, considering Solomon Hill‘s injury. Even if he plays behind Tony Allen on a team that starts small on the perimeter, Cunningham will reduce the time New Orleans must rely on also-rans.

Cunningham is probably better at power forward, but he can defend either position. He also has become a good enough 3-point shooter to credibly play small forward.

For the Pelicans, he’s a huge upgrade at a bargain price.

Kevin Durant cops to tweets, calls elements of them ‘childish’ and ‘idiotic’

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Kevin Durant – tweeting in the third person, suggesting he forget to switch to a secret Twitter account – said he left the Thunder because he didn’t like the organization or playing for Billy Donovan and that Oklahoma City’s surrounding cast around himself and Russell Westbrook was lacking. Durant also appeared to have a second Instagram account he has used to insult critics.

Durant at TechCrunch:

Durant:

I do have other another Instagram account, but that’s just for my friends and family. So, I wouldn’t say I was using that to clap back at anybody.

But I use Twitter to engage with the fans. I think it’s a great way to engage with basketball fans.

But I happened to take it a little too far, and that’s what happens sometimes when I get into these basketball debates. Or what I really love is just to play basketball. I went a little too far.

And I don’t regret clapping back at anybody or talking to my fans on Twitter. I do regret using my former coach’s name and the former organization that I played for. That was childish. That was idiotic. All those type of words. I regret doing that, and I apologize to him for doing that.

But I don’t think I’ll ever stop engaging with my fans. I think they really enjoy it, and I think it’s a good way to connect us all. But I will scale back a little bit right now and just focus on playing basketball. So, I want to move on from that. It was tough to deal with yesterday. I was really upset with myself. But definitely want to move on and keep playing basketball. But I still want to interact with my fans, as well.

Durant can defend himself all he wants on social media. Fans, even those who detest him, do enjoy the interaction.

But an anonymous-looking account defending Durant provides no joy to those fans. They don’t – or at least didn’t – know they were interacting with the famous basketball star. This is something else entirely.

And it sure looks like Durant used his secret Instagram account to clap back at fans. Via SB Nation:

Durant denying that really makes it hard to accept this as him coming clean.

Mostly, Durant just opened himself to numerous follow-up questions:

Did he really dislike the Thunder organization? Did he really dislike playing for Donovan? If yes to either question, why? If no to either question, why say that? How does lying serve the fans he’s claiming he wants to engage?