Breaking: Deal between Maloof family, Seattle’s Chris Hansen for Kings struck, to be announced

34 Comments

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.

Warriors’ rookie Jordan Bell goes off the backboard to himself for dunk

Leave a comment

The best part of this is the stunned reaction of the Warriors bench.

The Warriors had taken total control of the game against Dallas in the second half, and with a few minutes left Steve Kerr emptied his bench in garbage time. That’s when rookie Jordan Bell made the play of the night: He blocked Dwight Powell‘s shot then leaked out, JaVale McGee batted the ball ahead to him, and Bell threw the ball off the backboard for a self alley-oop. He got an and-one on the play.

The move didn’t sit well with everyone, there is an unwritten rule about showboating in a blowout game. Draymond Green had thoughts on that — he has thoughts on everything and isn’t afraid to share them — and he came to Bell’s defense speaking to NBC Sports Bay Area.

“Listen man, when you get on the basketball floor, I don’t care if you get out there with two minutes to go up 25 or with two minutes to go down 25, somebody is evaluating you. So you gotta play the game just like it’s tied up or if you’re up four or if you’re down four. You gotta play the game the same way. Somebody is evaluating you. So if you want to throw it off the backboard, feel free and dunk the ball. He got an And One. It was a great play. So, I got no message for him. Do what you do. Play basketball. That’s what he did. I don’t get all up into the whole ‘Ah man, they’re winning by this much, that’s bad.’ Says who? Dunk the ball. What’s the difference between if he threw it off the backboard and dunked it as opposed to grabbing it and dunking it?”

Or, put another way, if you don’t want a player to throw down the massive alley-oop dunk on you, play better defense in the first place.

Mario Chalmers trips James Harden, Harden shoves him back (VIDEO)

3 Comments

Memphis came back on an 18-2 run late to in the fourth quarter to knock off the Houston Rockets, a very impressive road win that reminds us Memphis is not a team to be written off.

This is the play everyone will be talking about — James Harden squared up looking for a fight.

Mario Chalmers got knocked down by a Harden screen, and while on the ground tries to trip up Harden, and Harden turns around and shoves him. Harden squared up, but as happens in the NBA everyone stepped in, and nothing actually happened.

Neither man was ejected. The referees called it an offensive foul on Harden for the pick, then there were double technicals. Fines may follow from the league.

Metta World Peace joins Lakers’ G League team as ass’t coach

Getty Images
Leave a comment

EL SEGUNDO, Calif. (AP) — Metta World Peace has joined the Los Angeles Lakers’ NBA G League affiliate as a player development coach.

The veteran NBA forward was added to the South Bay Lakers’ staff Monday.

World Peace played 16 NBA seasons for six franchises, including six years with the Lakers from 2009-10 and 2015-17. He was a standout defensive player who won a championship alongside Kobe Bryant and Pau Gasol in 2010.

While he hasn’t publicly retired, the forward formerly known as Ron Artest will assist South Bay Lakers head coach Coby Karl and his staff.

World Peace earned the longest suspension in NBA history for his role in the Indiana Pacers’ infamous brawl in the stands at Detroit in November 2004, but he matured into a valued veteran leader for the Lakers.

LaVar Ball calls out Wizards, Marcin Gortat doesn’t think that was smart

Getty Images
7 Comments

“I told him after the game, due to all the riffraff his dad brings he’s going to get a lot of people coming at him. He’s got to be ready for that, and I let him know after the game… (I had to) welcome his little young a** to the NBA.”

That was the Clippers’ Patrick Beverley after he tormented Lonzo Ball on opening night, and he speaks for a number of other players I have heard from who said father LaVar wrote checks that Lonzo is going to have to cash, and guys were going to go at him. Not every night, but enough.

Since that rough opener the rookie has had a decent couple of games — averaging 18.5 points, 11 assists, and eight rebounds a night, not efficient but playing better — going against Eric Bledsoe (a capable defender who had checked out mentally in Phoenix) and Jrue Holiday and the Pelicans. Wednesday night John Wall and the Wizards come to town, and that’s another level of competition.

My least favorite thing about this Lakers season is the way the L.A. media sticks a microphone in front of LaVar Ball after every game. I don’t care about LaVar, in the same way I don’t care about the Kardashians.

But what he said has become a thing. After the Lakers loss to the Pelicans LaVar said, “[The Wizards] better beware cause Lonzo ain’t losing again. Not in the same week!”

Wizards’ center Marcin Gortat thought that was funny.

First off, Lonzo is going to lose twice in a week a lot this season — the Lakers are not a good team.

Second, Wall is a top-five NBA point guard by any standard, an All-NBA player who is far more than just quick (although he is that, too). He can shoot, he’s an aggressive defender, and he knows how to set up teammates. He’s going to be more than a handful for Ball. To put it kindly.

Whatever happens Wednesday night (most likely Wall smokes Lonzo) we know one thing for sure: LaVar will say something outlandish. And it will become a thing. The game is secondary for that marketing effort.