It was one of the mantras of the players and their union during the lockout — the NBA owners claim poverty and lost money but they never talk about the increased value of the franchise during their ownership and the profits from that.
The Maloofs bought the Kings 15 years ago in 1998 for $156 million.
The value of the franchise for the purpose of this sale is $525 million (the Maloofs are only selling their 53 percent share of the team, another minority owner is selling his share so the Seattle group will have 65 percent of the team, more than a controlling interest).
That led LeBron James to tweet this.
So the Kings getting sold for 525M!! And the owners ain’t making no money huh? What the hell we have a lookout for. Get the hell out of here
You can bet a lot of players and agents are nodding their heads in agreement. LeBron also threw a nod out to the fans of Sacramento, who are getting screwed in this process by bad owners who killed every stadium deal that came their way to keep the team in the California capital.
I do know Mayor Johnson and the city/fans of Sacramento will do whatever it takes to keep the team put. We’ll see what happens #NBAFiles
The NBA’s trade market did not collapse after the Jahlil Okafor trade.
There’s more to come, but with the trade deadline is less than two months away, we have more questions than answers. DeAndre Jordan very likely could be on the move from the Clippers (and Lou Williams, too). But what is Memphis going to do about Mark Gasol? New Orleans with DeMarcus Cousins? Oklahoma City with Paul George? And if any of those guys are available, who is a buyer? Cleveland? Milwaukee? Portland?
Kurt Helin and Dan Feldman of NBC Sports break down the high end of the trade market, plus talk about other guys who could be on the move — maybe Nikola Mirotic from Chicago, and what about someone like Michael Kidd-Gilchrist from Charlotte — before Feb. 8 gets here. The last couple of trade deadlines have been interesting, but will we see a move that changes the landscape of the NBA playoffs in a meaningful way?
Mavericks center Salah Mejri has a history of agitating, including against the Spurs.
Two years ago, Mejri dunked while Dallas got blown out by San Antonio and yapped at the Spurs bench – drawing laughter from Gregg Popovich and Tim Duncan. Last season, Mejri had Trevor Ariza and other Rockets trying to confront him after reportedly saying something about Ariza’s family.
The NBA changed its All-Star format this season from East vs. West to captain-picked teams (though still naming players equally from each conference).
That apparently wasn’t a big enough overhaul.
After including media and player votes last year, the league is making All-Star starter selection even more complex.
NBA All-Star Voting 2018 presented by Verizon will tip off with an early voting period exclusively on the NBA App and NBA.com beginning Thursday, Dec. 21 at 1 p.m. ET.
Voting via all other channels, including Amazon Alexa for the first time, will launch on Monday, Dec. 25 at 11 a.m.
Additionally, new for this season, five “2-for-1 Days” will allow fans to have their votes count twice on Dec. 31, Jan. 4, Jan. 11, Jan. 12 and Jan. 15 when voting through the NBA App and NBA.com, along with Sina Weibo and Tencent in China. All “2-for-1 Days” will be designated 12 a.m. – 11:59 p.m. ET.
TNT will reveal the All-Star Game starters, including the two captains, on Thursday, Jan. 18 during TNT NBA Tip-Off
The network will announce the reserves, as selected by NBA head coaches, on Tuesday, Jan. 23 during TNT NBA Tip-Off at 7 p.m. ET.
The team rosters for NBA All-Star Game 2018 in Los Angeles will be revealed on Thursday, Jan. 25 during a special one-hour edition of TNT NBA Tip-Off at 7 p.m. ET.
I suppose this is to drum up interest on otherwise quiet voting days. After all, this is really just about the NBA selling itself.
But the All-Star voting process has always left something to be desired. I don’t see how this changes that.