George Maloof, Gavin Maloof, Joe Maloof

NBA office makes it official: Deal to sell Kings to Seattle group reached. Gavin Maloof makes statement.


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.

Report: Pistons monitoring Markieff Morris situation

Markieff Morris, Marcus Morris
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Markieff Morris made a lot of noise this summer about being unhappy in Phoenix and wanting out, after the Suns traded his twin brother Marcus to the Pistons as part of a salary dump. He openly demanded a trade, and said on the record several times that his long-term future is not with the team. He’s changed his tune since training camp started, once he realized he has no choice but to play for the Suns unless they decide to trade him. But according to the Detroit Free Press‘ Vincent Ellis, there is interest from the one team he would be guaranteed to want to play for:

Markieff’s unhappiness with the Suns started when they traded his brother, so he would obviously jump at the chance to reunite with Marcus. And they don’t have much in the way of power forward depth beyond the other Morris twin and Ersan Ilyasova, so it would be a good fit from a basketball standpoint. But with the brothers’ felony assault charges pending, reuniting them on the same roster might not be the best idea, and it also opens up the possibility of having to trade one of them in the future and the other one being unhappy. So far, the Suns have shown no inclination to trade Markieff, but if that changes, the Pistons are an interesting destination to keep an eye on.

Popovich to Aldridge: “Welcome to the Spurs. Go sit” out practice.

LaMarcus Aldridge
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Gregg Popovich’s habit of resting key players at times has become the norm around the league as more and more studies have shown it helps players perform at higher levels plus helps reduce injury risk. Still, Popovich is the poster child.

New Spur LaMarcus Aldridge wasn’t used to this but got introduced to it in a very Popovich way, reports Jeff McDonald at the Express-News.

LaMarcus Aldridge missed his first workout of training camp today with leg tightness. Or rather, the Spurs — being the Spurs — held him out for precautionary reasons.

“We sat him out,” coach Gregg Popovich said. “He didn’t want to do it. I said, ‘Welcome to the Spurs. Go sit.’”

He might as well have added “get used to this.” Aldridge is going to get some rest this season. Not as many as Tim Duncan, Manu Ginobili, and Tony Parker, but he’s going to get some nights off.

Remember, Aldridge is a guy who played through a torn ligament in his thumb last season because he thought the Blazers could make noise in the playoffs (and they might have had Wesley Matthews not gotten hurt). He’s not a guy used to being told to sit and rest.

It’s his “Welcome to the Spurs” moment.