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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.

Boston’s Marcus Smart gets flopping warning from NBA

BOSTON, MA - OCTOBER 17:  Marcus Smart #36 of the Boston Celtics looks on during the second quarter of the preseason game against the Brooklyn Nets at TD Garden on October 17, 2016 in Boston, Massachusetts. 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 Maddie Meyer/Getty Images)
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Boston’s Marcus Smart is one of the league’s more notorious floppers.

He was at it again Monday night against the Houston Rockets — and the league called him on it and gave him a warning.

It happened on the game’s final play — you were probably focused elsewhere, wondering how Al Horford could miss the game-winning layup. But watch Smart as he gets in position for the rebound on that shot.

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The referees didn’t buy it then.

This warning is barely a slap on the wrist. If — in his case, when — Smart gets caught a second time this season he will get a $5,000 fine from the league. Smart is making $3.6 million this season.

Happy birthday Larry Bird. We celebrate with some highlights.

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Larry Bird — the Celtics legend, three-time NBA champion, three-time MVP, 10-time All-NBA — turns 60 on Wednesday.

We celebrate by looking back at his 60-point game March 12, 1985, against the Hawks (video above, and yes that game was played in New Orleans).

Want more Larry the Legend highlights? We got you covered.

Hawks’ Mike Scott sent to D-League on rehab assignment

ATLANTA, GA - SEPTEMBER 26:  Mike Scott #32 of the Atlanta Hawks poses during media day on September 26, 2016 in Atlanta, Georgia.  (Photo by Kevin C. Cox/Getty Images)
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ATLANTA (AP) — Atlanta Hawks forward Mike Scott is expected to play at least two games in the NBA Development League as he comes back from a knee injury that kept him out of training camp and the first 18 games of the season.

Scott played 15 minutes for the Delaware 87ers in Tuesday night’s loss to the Santa Cruz Warriors. He scored four points on 2-of-7 shooting, missing all four of his attempts from 3-point range.

Hawks coach Mike Budenholzer says the D-League is the best way for Scott to get “meaningful, competitive minutes” after undergoing a non-surgical procedure on his left knee.

Scott has played three games for Atlanta since his return. In 28 minutes, he has two points on 1-of-9 attempts, to go along with eight rebounds and six assists.

Watch Kyle O’Quinn throw alley-oop to Carmelo Anthony

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Carmelo Anthony isn’t young anymore, but he had the bounce to go get this one.

These were your two best players for the Knicks in their win over Miami Tuesday. Kyle O'Quinn was forced into action earlier than expected when Joakim Noah went on a fouling spree in the third quarter, but O’Quinn played well in the role. ‘Melo dropped 35 on 27 shots — he’s not as efficient as he once was, but he can still get some buckets.

The Knicks picked up a needed win, because they play a back-to-back Wednesday against the Cleveland Cavaliers and a ticked-off LeBron James (New York will pay the price for Phil Jackson’s “posse” comments with a motivated LeBron Wednesday).