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


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, 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.

PBT Extra: Who wins MVP, other NBA end-of-season awards?

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The NBA’s award season seems more wide open than ever.

Ben Simmons was going to enter the season as the heavy favorite to win Rookie of the Year, but with him out injured the door is flung open to a lot of players. Coach of the Year is always a game of “which coach exceeds expectations.” Even MVP seems more open with Stephen Curry and Kevin Durant — the award winners the past three seasons — teamed up in the Bay Area.

In this latest PBT Extra I throw out my predictions for the awards, but let’s get on with the games next week and see who earns them.

Sixers Nerlens Noel to miss time following surgery on sore knee

CAMDEN, NJ - SEPTEMBER 26: Nerlens Noel #4 of the Philadelphia 76ers looks on during media day on September 26, 2016 in Camden, New Jersey. 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 Mitchell Leff/Getty Images)
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During the ProBasketballTalk podcast with Sixers coach Brett Brown, you could hear the frustration in his voice. He has all these talented young front line players — Joel Embiid, Nerlens Noel, Ben Simmons, Dario Saric, Jahlil Okafor — but he can’t begin to figure out how they all fit together if he can’t get them on the court at the same time.

That problem just got worse.

The Sixers announced that Nerlens Noel will miss time following surgery to deal with soreness in his left knee. Here is the word from the press release itself:

During the normal course of evaluation and treatment for his left adductor strain, which was identified on October 6, Noel reported localized soreness in his left knee. After consulting with multiple specialists, the source of the soreness was identified as inflamed plica. Noel has elected to address the injury via a minor surgical procedure in the coming days.

The team gives no timeline for Noel’s return. Soreness from the plica — a band of tissue around the knee that is not important following birth — happens in some players and can be fixed by an arthroscopic surgery that removes the area being irritated. While the surgery is minor, it usually takes around six weeks to bounce back from this.

That likely means a little more run for Jahlil Okafor (just coming back from an injury of his own) and Richaun Holmes. But it’s just another injury setback for a Sixers team plagued by them.

The Sixers also announced that Jerryd Bayless will not have surgery on his wrist, but will remain out and be evaluated in two weeks.

If you didn’t watch the final seconds of the WNBA Finals, you should


This was flat out incredible.

After a back-and-forth, even series between the Minnesota Lynx and the Los Angeles Sparks, it came down to the final seconds (although maybe it shouldn’t have, the WNBA admitted Friday the referees missed a call with 1:14 left, giving the Sparks’ Nneka Ogwumike a bucket on a shot after the shot clock expired).

The biggest stars took over at the end, as you can see in the video above: L.A.’s Candace Parker drives and scores with 19 seconds left putting the Sparks up 75-74; Minnesota responded with a Maya Moore jumper to take the lead back, then it came down to Ogwumike (the WNBA’s 2016 MVP) getting the ball after a block by Sylvia Fowles and following it up with a fadeaway bucket that gave Los Angeles the title.

Congrats to Candace Parker on the win, after how she’s been overlooked on the awards circuit in the WNBA this season, this is some sweet revenge.

Report: Jrue Holiday’s wife, Lauren Holiday, undergoes successful brain surgery

NEW ORLEANS, LA - OCTOBER 31:  Jrue Holiday #11 of the New Orleans Pelicans handles the ball during a game against the Golden State Warriors at the Smoothie King Center on October 31, 2015 in New Orleans, Louisiana. 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 Stacy Revere/Getty Images)
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Pelicans point guard Jrue Holiday is away from the team as his wife, Lauren Holiday, battles a brain tumor.

First, Lauren gave birth to a healthy daughter.

Now, more good news.

John Reid of The Times-Picayune:

Hopefully, the Holidays continue to find good health.