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.

Report: Re-signing Nerlens Noel Mavericks’ top off-season priority

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This is a Mark Cuban owned team, you don’t think the Mavericks are going to make a serious run at a free agent come July 1? Pelicans’ point guard Jrue Holiday has long been known to be a target, but there will be others.

But keeping their new core together, including restricted free agent Nerlens Noel, is the top priority, reports Marc Stein of ESPN.

Rumors like this are out there in part from Dallas to hope to chill the market for Noel. While he could be a defensive force who provides some scoring around the rim, with Noel’s injury history they may be able to get him at less than max money — because if he’s at the max the Mavericks are flirting with the luxury tax (and Cuban isn’t going to want to pay the tax for a borderline playoff team at best).

What Dallas fears is what Brooklyn did last season to Allen Crabbe in Portland and Tyler Johnson in Miami — some team to come in with a max or near-max offer sheet that drives up the price. Dallas will match, they will keep the young core together, it just gets more expensive.

Next season in Dallas will be a deserved big farewell to Dirk Nowitzki. He will be the focus, but behind him Dallas will try to be building for the future. They made the trade deadline move to make sure Noel is a part of that, the only question now is how much it costs them.

Magic Johnson on drafting Lonzo Ball: “what I needed was a leader”

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Nobody, not even his critics with the Lakers, question that D'Angelo Russell had talent. What they questioned from the start was his work ethic and maturity. I was told by sources with the team he often was the last one to team meetings, often one of the first out of the gym, and the whole Nick Young thing spoke to the maturity question. Byron Scott took a lot of heat as Lakers’ coach for benching him, and Scott’s communication skills were lacking, but he had reasons. Russell also just 21 and maybe he finds his way, but the Lakers weren’t willing to wait anymore.

Which is why the Lakers were willing to move him to Brooklyn in the Brook Lopez trade, and why the Lakers went after Lonzo Ball in the draft, Magic Johnson said, via Baxter Holmes of ESPN.

Is Lonzo Ball a leader? Only time will tell, he has the potential.

Will players want to play with him? Yes, if the passing skills he showed in college transfer to the NBA. If guys know they will get the rock if they run/cut, then they will do just that. It’s some simple B. F. Skinner stuff here — if players are rewarded they will keep doing it. Get them the rock in transition and they will get out there every time.

Ball has flaws in his game, there are certainly questions about his defense, and how that awkward shot translates remains to be seen (it goes in but his time to get it off will decrease at the NBA level)? Will he be a scoring threat in the half-court? He’s got work to do. But answer those questions and the Lakers may have the key piece to help anchor a franchise he’s been looking for.

Sacramento Kings waive guard Arron Afflalo

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SACRAMENTO, Calif. (AP) The Sacramento Kings have waived guard Arron Afflalo one year after signing him as a free agent.

The Kings cut ties with Afflalo on Friday before his entire $12.5 million contract for 2017-18 would become guaranteed. Afflalo will get $1.5 million instead.

Afflalo averaged 8.4 points and 2 rebounds in 61 games this past season for Sacramento. He has averaged 11.3 points per game in his 10-year career.

 

Frustrated fan: John McEnroe says Knicks a ‘total train wreck’

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NEW YORK (AP) — John McEnroe had a ringside seat for the ugliest bout at Madison Square Garden last season.

He was sitting just feet away when former Knicks star Charles Oakley was surrounded by security officials at his seat, shoving them away before being handcuffed and arrested while watching a game in February.

Even before that, the tennis great had begun to lose patience with his favorite team.

“It’s like a total train wreck,” McEnroe said.

The low point during a miserable 2016-17 season came when Oakley was dragged out of MSG in the first quarter of a game against the Los Angeles Clippers. A fan favorite as a player, he had fallen out of favor with the organization in retirement after critical comments about the team and MSG chairman James Dolan.

McEnroe, who often travels for his tennis or other obligations, wasn’t aware of the history between Oakley and Dolan.

“I didn’t even realize at the time that Charles had said bad things about him,” McEnroe said. “I hadn’t been up on that, so it wasn’t awkward for me when he sort of poked me in my back, Charles, right before the incident happened. I was like, `Hey Charles, how are you? This is my son, Kevin.’ He was with me.

“So I didn’t put 2 and 2 together and I didn’t know what had happened or really what had transpired,” he said. “So maybe Jim was already uncomfortable because of past history or whatever and then when Charles and the security guys started to go at it, even before they started to come up to him I was like, `Uh oh, this is not going to go well, at all.”‘

McEnroe is clearly visible in replays of the skirmish that were shown that night and throughout the next day.

“To see Charles Oakley have handcuffs put on him was horrible. Like, I was sick to my stomach, as well as almost every other fan that was in there watching this as it took place,” McEnroe said. “I bet you Jim Dolan – this is just my opinion – had to feel terrible about what that was.”

McEnroe grew up in and still lives in New York, and considers MSG his home arena. The inside cover of his new book, “But Seriously,” is decorated with ticket stubs from games and concerts at the arena, including a Knicks playoff game. But like many Knicks fans, he’s getting fed up with what he sees.

“I mean I’ve been a Knicks fan since I was a kid, so this is just getting beyond belief,” he said.

McEnroe has owned a home in Malibu, California, for more than 30 years. He often trained in Los Angeles as one of the world’s top players during the early-to-mid 1980s, befriending Lakers executive Jeanie Buss and Linda Rambis, whose husband Kurt played for the great Lakers teams of that era that were led by Magic Johnson and Kareem Abdul-Jabbar.

“Watching this was like, I’m sitting there going, why the hell am I a Knick fan again?” McEnroe said, “because this is just absolutely unbelievable, watching Showtime.”

Dolan hired Phil Jackson, who won five titles as Lakers coach, as Knicks president in 2014. But the team has missed the playoffs every season under Jackson, who feuded with Carmelo Anthony last season and didn’t speak to reporters at all while the team went 31-51.

“I mean, he’s known as the Zen Master, like a master talker, and then he’s not talking to anybody,” McEnroe said of Jackson. “So this whole thing seems to have gone completely off the rails.”

Jackson is still hoping to trade Anthony, who has a no-trade clause. McEnroe said he was never the biggest fan of Anthony’s game, but that the All-Star forward didn’t deserve the treatment he received last season.

“It’s crazy to treat a guy that way,” McEnroe said. “It seems like, even if it would be better for both guys if they weren’t there – the Knicks and him – the whole thing just seems, I can’t believe how bungled this has gotten.”