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.

Lakers owner on Lonzo Ball: “He’s going to bring an element that’s very similar to Magic”

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Lonzo Ball has yet to play a minute of professional basketball in the NBA, but fans in Los Angeles sure are happy to have him on board as they get ready for a new era in team history.

An exciting run through the Las Vegas Summer League in 2017 certainly showed us that Ball is ready to meet the challenges of a rookie in the NBA.

Ball won the LVSL MVP award while posting averages of 16.3 points, 9.3 assists, and 7.7 rebounds per-game. Ball and teammate Kyle Kuzma also helped the Lakers beat the Portland Trail Blazers in the championship game to close the tournament.

Lakers owner Jeanie Buss is just as excited about Ball as fans in California are. Speaking on the Petros and Money Show in LA it recently, Buss compared the buzz around Ball to that of Kobe Bryant, saying, “No other draft pick, except maybe Kobe Bryant, has had this kind of excitement about him.”

Buss also has high hopes for Ball’s style of play.

Via Lakers Nation:

“There’s something special about Lonzo […] I think because he just wants to play basketball, he’s selfless. He has a certain charisma and I think the fact that his teammates at UCLA loved playing with him and all the nice things that they have to say about him, I think he’s going to bring an element that’s very similar to Magic Johnson.”

Whatever criticism of his father you want to muster aside, Ball does seem relatively at ease in Los Angeles and in the spotlight. While he will no doubt struggle as a rookie, as even the best do, but it is starting to look up for LA in the post-Kobe era now that Ball is in town.

They seem to have the right coach in Luke Walton to help develop him, and no doubt fans in LA will be hoping that Ball is a superstar sooner rather than later.

Blake Griffin on LeBron James: “I don’t see him coming to L.A.”

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Is LeBron James on his way out of Cleveland? Rumors have it swirled around The King’s exit from his kingdom as of late, which his camp has vehemently denied.

However, LeBron suffered yet another loss in the NBA Finals to the Golden State Warriors in 2017 and his relationship with Cavaliers owner Dan Gilbert has appeared to sour. The history between the two is well-documented, and recently Gilbert failed to renew GM David Griffin’s contract, all without consulting James.

Meanwhile, the rumor has been that James prefers to land in Los Angeles, where he keeps a second home. James can play either with the LA Clippers or Los Angeles Lakers, which would allow him to perhaps add some of his favorite players — Carmelo Anthony, Chris Paul, or Dwyane Wade. The banana boat crew, as it were.

But one player already in Los Angeles doesn’t think that LeBron is on his way to California.

Speaking on a recent podcast with the Sklar Brothers, forward Blake Griffin said he did not think that James would come to L.A. Instead, he thought the best place for James to land would be in New York with the Knicks.

Via View from the Cheap Seats, h/t Complex. The LeBron conversation starts around the 50-minute mark:

“Honestly, I don’t see him coming to L.A. period. Listen, again, I have no idea. I think something is brewing with him and his group of guys. I don’t know what’s going to happen, but I think something’s brewing and they’re going to try to make that work.”

“I could see him going to New York before L.A. I still think, when you go to the Garden, it’s a completely different feeling. The energy, there seems like there’s just a consistent buzz the entire game … even last year when you go play them, it’s still there.”

To give more context to this quote in case you aren’t able to actually listen to the podcast, Griffin is simply speculating based off of what he thinks could happen. He prefaces it by saying it is just a feeling, and my reading of his intonation makes me think Griffin believes there are too many roadblocks to get LeBron to Los Angeles. Couple that with an increasingly difficult Western Conference, and Griffin doesn’t think that The King will give up being able to get to the Finals every year just to come to L.A.

Given all that has happened with the Knicks over the last few decades, it also seems like a fair stretch to think the next best option would be to see LeBron in New York. Remember, with Steve Mills as president a lot of the people who torpedoed the Carmelo situation are still in place even with Phil Jackson gone. If LeBron does indeed want us to pair with Carmelo, or even if he is simply an influence on him as a friend, New York seems like an unlikely destination.

Still, it is interesting to hear the insight of other professionals in this context. It just goes to show you that even NBA players don’t know where LeBron is going to end up.

Report: Nerlens Noel switches agents in hopes of max deal with Mavericks

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Is Nerlens Noel worthy of a max contract? Not on your life.

But will he get it? That remains to be seen after reports that Noel recently fired his agent and will make the switch to Dan Fagen.

According to NBC 5 in Dallas, Noel has done just that and will be seeking a huge deal from Mark Cuban’s organization.

From NBC 5’s Newy Scruggs:

No other NBA clubs tried to sign the restricted 6-11 center. He has a one year qualifying offer of $5.8 million on the table but it’s not to his liking so he switched agents.

“We’re in a holding pattern,” is what Mavericks head coach Rick Carlisle told me back in July on NBC Sports Radio when I brought up the contract talks between Dallas and Noel. The NBA salary cap didn’t go up has high as many previously projected, so the summer of 2017 was not a bonanza some players hoped for.

Even with the increase in the cap, and with big contracts flying around for young talent, Noel has done nothing to prove himself worthy of an offer like that for the Dallas Mavericks. Yes, his advanced numbers from his third season in the NBA looked much better, and that was great news as young big men often take time to develop.

Yet the body of work for Noel is simply not there. Fifty games of good play over a 200 game career does not, or should not, earn you a max contract.

Then again, this could simply be Noel preying on Cuban’s need to rebuild.

With Dennis Smith Jr. at the helm, an aging Dirk Nowitzki, and the team that could soon be irrelevant in a increasingly tough Western Conference, Noel stands as a future franchise piece if he does indeed fulfill his potential.

The question now is, especially after how this summer has gone, do you pay upfront for potential talent to an extent that seems unreasonable to a fault?

I would still doubt that Noel ends up with that max contract, but some positioning here could earn him a few extra bucks.

NBA confirms Lakers under investigation for potential tampering with Paul George

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Paul George is not a member of the the Los Angeles Lakers. Yet.

The California native has one year to go on his contract with the Oklahoma City Thunder after being traded there by the Indiana Pacers. Rumors have been swirling for months about whether George would stay in Indiana, a new city, or if he would bolt for his hometown in LA after the upcoming season comes to a close.

Even more rumors have said that the Lakers have felt confident enough that they are going to get George in the summer of 2018 that they weren’t grabbing him wasn’t considered so urgent that it was a matter of life or death.

Meanwhile, the NBA has confirmed that the Pacers have filed tampering charges against the Lakers, and that the league has hired an independent law firm to conduct the investigation.

From the NBA’s press release:

At the request of the Indiana Pacers, the NBA opened an investigation into alleged tampering by the Los Angeles Lakers. The independent investigation is being conducted by the law firm Wachtell, Lipton, Rosen & Katz. The Lakers have been cooperative and, at this point, no findings have been made. We have asked both teams to refrain from commenting all the investigation is ongoing.

The rumor first broke this weekend when Peter Vecsey published it on his Patreon.

Magic Johnson has spoken publicly about George, explicitly stating that he knows he is not supposed to tamper with players. However, on an episode of the Jimmy Kimmel show, Johnson did say that he would give a wink to George if you happen to see him.

Via Jimmy Kimmel:

“I had to go to school. I had to go to CBA school, salary cap school and tampering school. You can’t tamper with somebody else’s player.”

“We gonna say hi because we know each other. You just can’t say, ‘Hey, I want you to come to the Lakers,’ even though I’ll be wink-winking like, ‘You know what that means, right?’

Punishment from tampering charges are rare in the NBA but are not unheard of. In 2013, the Atlanta Hawks, Houston Rockets and Sacramento Kings were fined for name dropping Dwight Howard and Chris Paul.

According to ESPN, Johnson is at the center of the investigation for tampering with George. If evidence is found, the punishment could be significant for LA, and could include future restrictions when it comes time to acquire George.

Via ESPN:

The Lakers are denying the allegations filed by the Pacers, insisting that there is no evidence of tampering, and they expect to be cleared in the matter, a team source told ESPN.

If the league office’s probe can prove the Lakers were guilty of tampering with George while under contract with Indiana, Los Angeles can be punished in several ways, including a loss of draft picks, financial fines up to $5 million, future restrictions on acquiring George and possible suspensions of offending officials.

It’s still unclear at this point if anything is going to come out of this investigation, but it certainly does seem as though Los Angeles is confident that they are going to be able to sign George next summer.