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Future of NBA arena subsidies, market comparisons to decide Kings’ fate

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As Sacramento Mayor Kevin Johnson has been advertising for the past month, we did indeed get confirmation of the identity of his ‘whales’ at his State of the City address on Thursday.

Reiterating parts of his four-part plan that included bringing together a local ownership group, finding big equity investors (whales), putting together a downtown arena deal, and demonstrating the value of the Sacramento marketplace – Johnson would announce that 24 Hour Fitness founder Mark Mastrov and billionaire Ron Burkle would put in a bid to keep the Kings in Sacramento.

“With all due respect to Seattle, I do hope they get a team someday, but let me be perfectly crystal clear, it is not going to be this team,” said Johnson.

Johnson also announced that former Kings great Mitch Richmond would join the local ownership group and that the city’s proposal would include an option to return WNBA basketball to Sacramento.

Sources close to the situation told PBT that the framework of the offer delivered to the NBA on Friday was very close to Seattle’s $341 million offer for a controlling 65 percent interest in the club. NBA spokesman Tim Frank confirmed delivery of the offer on Friday, the day of the deadline.

Over the next month Sacramento will continue to iron out the details on a public subsidy and arena deal locally with the Sacramento City Council, which will ultimately vote on a term sheet to be delivered to the Board of Governors in time for their April 18-19 meeting.

Sources tell PBT that the Sacramento offer will be conveyed by the group to the NBA’s joint committees in charge of reviewing the situation on or around April 1. It is expected that Seattle’s group will also meet with that committee around that time, though no meeting has been publicly acknowledged.

According to sources, the two issues that will drive the conversation is the league’s strategy for securing arena subsidies in the future, and the impact each market will have on team revenues and the league’s financial model as a whole. Also under consideration are timelines to deliver an arena, ownership groups, and the precedent the league could set by blocking an owner from selling to a group of their choosing.

The league blocked a sale of the Minnesota Timberwolves to a group headed by boxing promoter Bob Arum in 1994, but a well-placed source told PBT that the league views this transaction as “unprecedented,” citing that never before has the league relocated from a city that has supported its team both at the gate and with public subsidy dollars.

The Maloof ownership group reportedly has “little to no leverage” in NBA’s decision-making process. They also reportedly owe the NBA in excess of $100 million on a line of credit they’ve used throughout their ownership. If called in, the family’s financial woes could give the league an opening to use the ‘Best Interests of the League’ clause, similar to the way Major League Baseball removed Dodgers owner Frank McCourt.

Sources do not expect the Maloof family to push back on the league’s decision to back either Sacramento or Seattle, citing the prohibitive costs of an antitrust lawsuit, and the potential for the family to lose a chance to cash out in Sacramento or Seattle.

The issue of market comparisons between Sacramento and Seattle is cloudy, but sources expect Sacramento to be competitive in that area because it has one major sports team in their No. 20 TV market, while Seattle could have six major sports teams in its No. 12 TV market. We will cover this in a bit more detail later in the next few weeks.

While details about Sacramento’s ownership group are a bit hazy at this time, it has been expected that Mastrov would be the front man. The more private Burkle reportedly would focus on the development of the Downtown Plaza location. Sources indicate the duo will share in the ownership of a potential deal, though it’s unclear what those percentages will be. Both owners have been vetted by the NBA, and Mastrov finished second in the Golden State Warriors bid that recently went to the Joe Lacob group.

While Seattle’s Chris Hansen-Steve Ballmer group has enormous wealth, another well-placed source speaking to PBT under condition of anonymity said the league is happy with both ownership groups and not to expect a deal to hinge on any comparison between them.

If a showdown comes to the owners’ deciding vote, some sources hinted at a scenario in which the league tells the Hansen group that they’re going to choose Sacramento – allowing the Hansen group to bow out gracefully and avoid a divisive ownership vote.

Should the league favor Sacramento, sources say the work the city has done to fight for its team and the narrative it will give the league to sell to future cities in arena negotiations will have played a critical role in the NBA’s decision-making process.

Seattle’s deal contains a greater percentage of private funds due to local initiative-91 requiring public funds to return a guaranteed profit, which is a trend the league wants to avoid.  On the other hand, Sacramento’s deal fits the public-private model the league is selling to cities, with a larger public subsidy going toward a new state-of-the-art building in a downtown revitalization effort.

We will cover that issue in greater detail in the coming weeks.

In order to keep their team, Sacramento will need eight votes out of 29 other owners to block the transfer of ownership to Seattle’s Hansen/Ballmer group.

Report: David Blatt near deal to coach Darussafaka in Turkish league

PHOENIX, AZ - DECEMBER 28:  Head coach David Blatt of the Cleveland Cavaliers looks on during the NBA game against the Phoenix Suns at Talking Stick Resort Arena on December 28, 2015 in Phoenix, Arizona.  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 Christian Petersen/Getty Images)
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David Blatt said he was going to be a head coach somewhere next season.

That turned out not to be in the NBA, where he interviewed and was in the running for the head coaching jobs with the Nets, Knicks, and Rockets but didn’t land any of them. So rather than be a lead assistant, or just wait the market out, he is headed back to Europe, Turkey in particular, reports David Pick, a well-connected basketball reporter.

Darussafaka Dogus is based out of Istanbul and was in the EuroLeague for the first time last season (that’s the highest level of European basketball, featuring the best teams from leagues around the continent, similar to the Champions League in soccer). Darussafaka is trying to climb the ladder and compete with the traditional powers of Turkish basketball, Fenerbahçe and Turkey Anadolu Efes. The Darussafaka roster includes Sixers’ Summer League standout Scottie Wilbekin, Luke Harangody, Jamon Gordon, and Reggie Redding from the United States.

Hiring Blatt, who had tremendous success in Europe before coming to the NBA, would be a coup for the club. One they certainly are paying handsomely for.

Blatt won 67.5 percent of his games over a season-and-a-half with the Cavaliers and guided the team to the NBA Finals, but he never fully meshed with LeBron James and the Cavs veterans. Part of that was on Blatt — he demanded respect for his time spent and success in Europe, and that plus his need to be the smartest guy in the room rubbed players the wrong way. Blatt wasn’t humbly trying to earn respect, and the players went to current Cavaliers coach Tyronn Lue when frustrated with Blatt. Eventually, Cavaliers management turned to Lue to coach the team because of team chemistry concerns.

Blatt deserved another chance in the NBA, but that didn’t come this summer. We’ll see if his return to Europe impacts that in the future.

Watch Stephen Curry drop 36 in Game 7 to knock off Thunder (VIDEO)

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If you watch the highlights, you will see plenty of Stephen Curry hitting threes — including the dagger late — to lead the Warriors to a 96-88 Game 7 win over the Thunder. He was masterful and finished with 36 points.

But it was more than just the threes.

Curry was attacking the bigs that switched on to him off the pick-and-roll far more this game, both by hitting threes over them — four of his seven threes came against bigs switched onto him, according to Synergy Sports — but also by blowing by those bigs and getting into the lane. Look at his shot chart from the night.

Curry Game 7 shotchart

“I could tell in Game 6 that he was starting to feel like himself,” Warriors coach Steve Kerr said after Game 7. “He looked better. He looked like he was moving better. I told our coaching staff yesterday, I have no doubt Steph’s going to have a huge game. That’s just who he is. And he looked right again.”

When Curry is attacking and hitting threes, well, you get nights like this.

Kevin Durant entering free agency on sour note

OAKLAND, CA - MAY 30:  Kevin Durant #35 of the Oklahoma City Thunder hugs Draymond Green #23 of the Golden State Warriors after losing 96-88 in Game Seven of the Western Conference Finals during the 2016 NBA Playoffs at ORACLE Arena on May 30, 2016 in Oakland, California. 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 Ezra Shaw/Getty Images)
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The superstar free agent enters the offseason with three straight playoff losses, a once-promising season ended in devastating fashion.

Kevin Durant? Yes.

LeBron James in 2010? Also yes.

Will Durant follow LeBron’s lead and leave the team that drafted him?

Those Cavaliers didn’t beat the 67-15 Spurs. They didn’t push the 73-9 Warriors to a Game 7. They didn’t have Russell Westbrook.

And, of course, Durant isn’t LeBron.

But the Thunder must feel sick about letting this opportunity slip away – not just a trip to the Finals, but a chance to remind Durant of their virtues. Golden State – a leading suitor for Durant – undid so much of the progress Oklahoma City made in the postseason with this comeback from down 3-1, capped with a 96-88 win tonight.

“We just lost like 30 minutes ago,” Durant said. “So, I don’t have any thought about it.”

For much of the playoffs the Thunder did everything they could to convince Durant to stay. They carved up the Mavericks, overpowered the Spurs and outraced the Warriors through the Western Conference finals’ first four games. It seemed no team could offer Durant a better situation.

Now, it’s as tempting as ever to imagine Durant with Golden State.

Durant must weigh what joining the team that beat him would do to his image, but there’s no doubt that the Warriors are better than the Thunder. There can’t be after a 16-win difference in the regular season and these last three games. Oklahoma City might flip the script next season if Durant re-signs, but he must also assess how much better Golden State would be with him. At minimum, I’m sure he wouldn’t mind Andre Iguodala and Klay Thompson not guarding him anymore.

The Thunder didn’t do their part to send Durant into free agency on a high note, but he did all he could. Unlike LeBron in 2010, Durant didn’t shrink from the moment of his high-pressured closeout game with free agency looming. Durant scored 27 points on 10-of-19 shooting against those elite defenders, including a late personal 7-0 run that cut the deficit to four points.

Then, Stephen Curry scored six straight – drawing a foul on a 3-pointer and hitting a 3-pointer – to put the game out of reach. These Warriors are special. Durant has to see that.

Not that he’s focused on Golden State (or the Spurs, Celtics, Rockets or…). This loss is too raw.

“It hurts losing,” Durant said. “It hurts losing, especially being up three games to one.

“It sucks to lose. It sucks.”

How long will that feeling last, and how strongly will Durant associate it with Oklahoma City? The Thunder can offer more money, but one of their biggest selling points is their team success – and that seems like a distant memory. Right now, Oklahoma City is on a three-game losing streak that won’t be snapped before Durant signs somewhere.

Durant will weigh the prudent details, but his will be an emotional decision. Where does he feel most comfortable?

There’s plenty of time to decide. Free agency begins July 1, and he’ll surely want to meet with teams before finalizing a choice.

The Thunder have done him well for years, and they’d remain elite with him.

But they can’t feel good with this being Durant’s final image of their season – victorious Warrior after victorious Warrior hugging Durant and consoling him on Oklahoma City’s third straight failure.

Too much Stephen Curry, too many threes bury Thunder in Game 7, Warriors win 96-88, advance to Finals

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For seven games the athleticism and improved defense of the Oklahoma City Thunder smothered nearly everything Golden State tried to do inside the arc. The Thunder length and aggressiveness had them owning the paint and dominating the glass much of the series. Oklahoma City outplayed Golden State below the arc all series long.

But the Warriors owned the three ball.

“They beat us from the 3-point line the last two games, we beat them from everywhere else,” Kevin Durant said after Game 7.

After a rough shooting first half (again), the three balls started to fall for Golden State in the second half of Game 7 Monday — many of them contested, the Thunder defense remained stout. The Warriors opened the game 2-of-6 from three, then hit 12 of their next 24 — 10-of-20 in the second half — while the Thunder missed 13 straight at one point.

The Warriors made 10 more threes than the Thunder in Game 7 and — just as it was in Game 6 — that proved to be the difference. The Warriors came from down 3-1 to win Game 7 96-88 and take the series.

Golden State will host Cleveland in Game 1 of the NBA Finals on Thursday night.

“I knew we were ready for the moment,” Stephen Curry said after the game. “I knew we were a mature basketball team that tried our best to not listen to the noise outside. Six or seven days ago when we were down 3-1 everybody thought the wheels were falling off and it was the end of our run, but not the locker room. The talk was positive, it was let’s figure this out, let’s go out and take it one game at a time, claw our way back into the series, and see what happens.”

It took the best run of games these Warriors have put together in two-plus seasons — a stretch that included a championship and 73 regular season wins — to get past OKC and back to the Finals. The Thunder’s improved defense and great scoring  forced the Warriors to find another gear.

But Golden State always had the three ball to bail them out. Look at their shot chart from Game 7.

Warriors Game 7 shot chart

Curry, who finished with 36 points and hit 7-of-12 from three, was the difference as he played like the MVP version of himself. That version had been held in check much of the series by the Thunder’s defense, and likely a lingering knee issue (although he would never admit that). All series long Curry had struggled to beat the Thunder bigs who switched onto him off picks, but not in Game 7 when he hit four threes over those bigs, and blew by them and into the lane a host of other times.

“I could tell in Game 6 that he was starting to feel like himself,” Warriors coach Steve Kerr said after Game 7. “He looked better. He looked like he was moving better. I told our coaching staff yesterday, I have no doubt Steph’s going to have a huge game. That’s just who he is. And he looked right again.”

Kevin Durant was giving up the ball and finding teammates early in the game, trying to get others involved, but late in the fourth he put together a personal 7-0 run that made it a four-point game inside three minutes. Durant was a beast and finished with 27 points to lead the Thunder. Russell Westbrook added 19 points and 13 assists. They just didn’t have the threes to keep up with the Warriors.

Early on it in Game 7 felt like it might be the Thunder’s night. It was a disjointed start to the game (as often happens in Game 7s), which helped Steven Adams get a couple of buckets and had the Thunder trying to move the ball. Both teams had jitters and guys are trying to do a little too much, evidence by Curry starting 3-of-8 and Thompson 0-of-4. What OKC did was get six offensive boards in first quarter, which had then up 24-19.

In the second, Waiters came in and played a little out of control but proved to be a spark that had the Thunder pushing the lead up to 13. The Thunder also got solid play early from Enes Kanter, who had eight points and four rebounds in eight minutes. Meanwhile, the Warriors were missing their twos — started 6-of-20 inside the arc — but unlike Game 6 they were missing their threes as well. Play Thompson started 0-of-7.

Then Thompson hit three in a row from beyond the arc, the Warriors’ energy returned, and they went on 11-2 run to make it a game again. Thunder responded with 7-0 run of their own. Then Warriors have 7-0 run to get it to five. By the half, it was 48-42 Oklahoma City.

Golden State came out gunning from three to start the second half and behind a few Curry threes went on a 15-4 run and the Warriors were up 57-54. The Thunder hung around but got sucked into the wrong style of play and they missed 13 consecutive threes at one point. The threes were falling for the Warriors, the Thunder could not buy a bucket, it was a 29-12 third quarter for the Warriors and they were up 71-60. The Warriors felt in control.

“I actually thought we got some good looks,” Thunder coach Billy Donovan said of the third quarter. “I thought we really, really good looks. They made some shots… I liked the way we played on offense tonight, we moved the ball and played the right way…..

“We were right there every step of the way with them, and this was a record setting team, and a team that’s won a world championship. So you can sit there and say what happened, but you’ve got to give them credit. Give them credit.”

But the Thunder played too hard and too well this series to go quietly into that good night. Durant made his push, they crashed the glass, they defended with heart and made plays down the stretch. A foul by Serge Ibaka on a Curry three may have sealed the Warriors fate — a four-point game became seven, and that was too much to overcome.

Because the Warriors threes kept falling no matter what.