We told you last night the deal was agreed to confirming a week of rumors that an agreement to sell the Sacramento Kings to a Seattle-based investment group led by Chris Hansen had been reached.
The NBA confirmed that Monday morning releasing a statement:
“The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen. The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board’s committee process for review.”
Gavin Maloof, one of the Maloof family members that owns the team released a statement:
“We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members.
We would also like thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise.”
As Tom Ziller pointed out on twitter, nice job not mentioning Sacramento once, Maloofs.
Neither side is confirming the details of the deal, but we know that the franchise is valued at $525 million and the Hansen group is buying 65 percent ownership.
We’ve already detailed the future steps in this process.
The Wizards look like they solved their backup-point-guard problems with Tim Frazier.
But they also looked like they solved their backup-point-guard problems with Trey Burke and then Brandon Jennings last year – and look how that turned out.
So, even after trading for Frazier, Washington is still trying to increase stability behind John Wall.
The Wizards added some depth to their backcourt on Thursday by signing veteran guard Donald Sloan to a one-year deal, CSN’s Chris Miller confirmed on Thursday night.
The 29-year-old Sloan has played for the Hawks, New Orleans Hornets, Cavaliers, Pacers and Nets in a five-year NBA career. He spent last season in China.
Sloan isn’t much of a scorer, and he’s only a decent distributor. But he makes up for it with all-around adequacy, highlighted by his rebounding for his position.
The veteran will compete with second-year Sheldon Mac, whose salary is just $50,000 guaranteed, to be Washington’s third point guard.
Nigel Hayes became a cult hero at Wisconsin for bringing a “BROKE COLLEGE ATHLETE ANYTHING HELPS” sign to GameDay and soliciting Venmo donations, challenging the stenographer in a press conference and “accidentally” calling a stenographer beautiful in front of a hot mic.
After going undrafted, Hayes and his colorful personality are headed to New York, where Knicks fans are starving for fun.
Adrian Wojnarowski of ESPN:
Could Hayes stick into the regular season? The Knicks have just 14 players with guaranteed salaries, leaving one more spot for a player on an standard contract. Chasson Randle has an unguaranteed salary that becomes partially guaranteed around the time training camp opens. The Knicks could also sign other players, though they’re down to just minimum exceptions.
Hayes – a 6-foot-8 forward – has a chance, but he’s most likely ticketed to New York’s minor-league affiliate after being waived by the parent club.
The Rookie of the Year race is wide open heading into next season.
It’s that way every year — if you had predicted Malcolm Brogdon was going to win a year ago, you would have been laughed out of the building — but this coming season has a lot of talent at the top of the board who could win. Lonzo Ball, Ben Simmons, Markelle Fultz, Jayson Tatum all have a real shot — and that’s just the tip of the iceberg.
Who is the better favorite? Depends on where you do your betting.
The William Hill’s Nevada sportsbook (which works with a number of Las Vegas casinos, such as the SLS), has this (hat tip ESPN):
Lonzo Ball 9-5
Ben Simmons 5-2
Dennis Smith Jr. 4-1
Markelle Fultz 13-2
De'Aaron Fox 8-1
Jayson Tatum 8-1
The Westgate SuperBook in Las Vegas has Simmons as the betting line favorite at 9-4
The online betting site Bovda.lv has this line
Lonzo Ball 9-4
Dennis Smith 3-1
Ben Simmons 5-1
Jayson Tatum 5-1
Markelle Fultz 8-1
Traditionally, Rookie of the Year goes to a guy who has the ball in his hands, is aggressive, and puts up raw numbers. It celebrates scorers.
This year a whole lot of guys can fit that bill, more than are mentioned here. It’s going to be a wild ride.
The NBA season is coming… and that means NBA 2K18 also coming.
To whet the appetite of you gamers out there, check out the first trailer for the upcoming game, with music by Mobb Deep.
You can pre-order the game now.