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.

Watch Anthony Davis score 42 points in OT win over Celtics (VIDEO)

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New Orleans Pelicans big man Anthony Davis is on a bit of a tear.

Davis scored 48 points to go along with 17 rebounds on Sunday as the Pelicans beat the New York Knicks at MSG. Then on Tuesday night, Davis again went for 40+, scorching the Boston Celtics at TD Garden to the tune of 45 points, this time with 16 rebounds.

Alongside DeMarcus Cousins, who scored 19 points and grabbed 15 rebounds, Davis was the deciding factor in Tuesday’s game, helping to get early buckets in the extra time period.

The final result was impressive, and good news for the Pelicans as they continue to solidify their playoff position going into the All-Star break.

Watch the full highlights from Davis’ scoring outbreak in the video above.

Boston Celtics great Jo Jo White dies at 71

NBA.com
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BOSTON (AP) Basketball Hall of Famer Jo Jo White, a two-time NBA champion with the Boston Celtics and an Olympic gold medalist, has died. He was 71.

The Celtics announced his death Tuesday night. No cause was provided.

The team said it was “terribly saddened” by White’s passing, calling him a “champion and a gentleman; supremely talented and brilliant on the court, and endlessly gracious off of it.”

White played 10 seasons for Boston, which drafted him ninth overall from Kansas in 1969. He averaged 17.2 points per game over 13 years, also playing for Golden State and the Kansas City Kings before retiring in 1981.

The Celtics retired White’s No. 10 the following year, and he still was working with the club as a director of special projects at the time of his death.

White averaged 18.1 points as a member of the 1974 Celtics championship team and was chosen MVP of the NBA Finals two years later when Boston won again, scoring 33 while leading the Celtics to a 128-126 win in triple overtime against the Phoenix Suns.

Boston traded White to the Warriors midway through the 1978-79 season and he remained with Golden State through the following season. He played one final season in Kansas City, but was always beloved in Boston as a Celtic.

“His contributions to the team’s championship legacy may have only been surpassed by the deep and lasting impact that he had in the community,” the Celtics said in the statement. “The thoughts and sympathies of the entire Celtics organization are with the White family.”

White, who won an Olympic gold medal with the U.S. team in 1968, was a seven-time NBA All-Star. He was elected to the Basketball Hall of Fame in 2015, when he recalled his performance in the triple-overtime victory over the Suns that put Boston one game away from winning another title.

White played 60 of a possible 63 minutes of the game. Former Boston coach and player Tommy Heinsohn said the induction into the Hall of Fame was long overdue for White, who was thrilled it happened after battling health problems, including a brain tumor, late in life.

“I absolutely adored playing this game,” White said.

Isaiah Thomas asks Celtics to skip video tribute to focus on Paul Pierce

Getty
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The Boston Celtics already conceded to the wishes of Isaiah Thomas, foregoing a video tribute the first time the Cleveland Cavaliers played the Boston Celtics this year at TD Garden.

Now, it seems that Boston might have to skip a video tribute for their former point guard altogether.

On Tuesday, Thomas took to Twitter to say that he’d rather defer to former Celtics forward Paul Pierce, who is having his jersey retired by the team that night and complained about Thomas’ tribute.

Via Twitter:

The odd thing about this whole tale is that Pierce changed his mind on this thing in a span of 24 hours. A Fox Sports radio host pointed out earlier this month that Pierce initially said that he was OK with Thomas’ video tribute.

The next day on ESPN’s The Jump, Pierce did a full 180° and instead said he wanted the treatment the Los Angeles Lakers gave Kobe Bryant, with multiple videos being shown during timeouts throughout the game.

This seems petty on the part of Pierce, but at least Thomas appears to be taking it with grace.

JJ Redick has crack in left leg, will be reevaluated in 10-14 days

AP
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The Philadelphia 76ers could use JJ Redick, but it appears that the sharp-shooting guard will be out for at least 10 days due to an injury he suffered on Monday.

The team says Redick sustained the injury late in the fourth quarter during Philly’s 117-111 win over the Toronto Raptors.

Redick finished the game with 15 points, five rebounds, and one assist in 28 minutes of play, but had to be replaced with a little more than four minutes to go by T.J. McConnell.

Via Twitter:

A bone edema is a bit of fluid collection in the marrow (inner) area of the bone. The cortical part of the bone is the harder outer surface. What appears to have happened is that Redick suffered a crack in the exterior portion of his bone that also caused some inner fluid collection.

None of that sounds fun, but Redick will apparently be re-assessed in 10-14 days, so hopefully for the team it’s less serious that all this medical stuff makes it sound.