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New potential owner for Kings takes lead in Sacramento group

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A few weeks back, David Stern was clear in saying that the Sacramento group had to sweeten its offer to buy the Kings if they wanted to stay in contention with the Seattle bid. It’s a negotiation, that statement didn’t catch the leaders in Sacramento off guard.

The question was what were they going to do about it?

How about bring in another billionaire to take the lead of the group? That is what has happened, reports the very connected Sam Amick at the USA Today.

Vivek Ranadive, founder of the $4 billion software company, Tibco, and a minority owner of the Golden State Warriors, has agreed to take a lead role in the group that was previously led by 24-Hour Fitness founder, Mark Mastrov, according to a person with knowledge of the move. The person spoke to USA TODAY Sports on the condition of anonymity because the agreement had not yet been announced.

Mastrov and supermarket mogul/part owner of the Pittsburgh Penguins Ron Burkle are still major players in both the bid for the team and the downtown arena effort that was expected to be revealed by way of a term sheet on Thursday, but Ranadive agreed to take part recently after pushing for a more significant say in personnel matters.

This certainly adds deeper pockets to the Sacramento bid. What it will mean to the other NBA owners remains to be seen, but likely it only helps the Sacramento side. Ranadive is not an NBA outsider but a minority owner of the Warriors (he would have to sell that share if the sale is approved).

The Maloof family has agreed to sell the Kings to a Seattle-based group that plans to move the Kings up to the city that lost the Sonics. That group is led by venture capitalist Chris Hansen and Microsoft CEO Steve Ballmer, and they valued the franchise at $525 million and have an agreement to buy 65 percent of it. They also have plans for a new arena moving forward, currently in the environmental review phase.

Both the sale and relocation would need to be approved by the other owners and NBA Commissioner David Stern has put the two votes on a parallel track. It requires a three-quarters vote of the other 29 owners to approve the sale — meaning Sacramento Mayor Kevin Johnson and his group need to sway eight other owners to their side to block the sale. If that sale is blocked, the Maloof family would in turn sell to the Sacramento group and the team would stay put.

If the sale is approved it only requires a majority vote of the owners to approve the relocation. Meaning if the owners approve the sale to the Seattle group they will approve the relocation.

There is a whole lot more complexity to this sale — a city loan to the Kings to the Maloofs, a current Kings minority owner trying to make another bid, thoughts about precedent the sale could have on future owners’ sales, all the way to discussions of television market size and per capita income — that we have discussed in detail multiple times at PBT. Right now NBA ownership committees are doing their research on the sale and relocation, and how all that impacts the league. Those committees will meet April 3 — where Johnson and the Sacramento group will make a pitch to the committees for sure.

In the end, the owners will vote at meetings in New York April 18-19, but right now is when the lobbying behind-the-scenes is taking place. And the Sacramento bid likely just got better.

Dwyane Wade apologizes to Bulls fans after ugly Chicago loss

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Even for an up-and-down Bulls team that has seen some sloppy losses, Friday night’s was ugly. The Atlanta Hawks went on a 36-11 run between the end of the first quarter and the start of the second, they led by as many as 34, and cruised in for the 103-92 win. The game wasn’t that close, the Hawks thoroughly outplayed the Bulls, and after the game ended coach Fred Hoiberg said he and his staff need to reexamine everything.

Dwyane Wade went another direction, apologizing to fans.

Wade was 2-of-10 shooting on the night.

Despite the loss, the Bulls remain tied with the Bucks for the final playoff slot in the East, a race that will likely include Detroit and New York (and maybe Charlotte) and go down to the final days of the season. The Bulls (21-23) can’t have many more games like Friday.

Warriors get 6th straight win, 125-108 over Rockets

Golden State Warriors guard Stephen Curry reacts after making a 3-point basket late in the second half of the team's NBA basketball game against the Houston Rockets, Friday, Jan. 20, 2017, in Houston. Golden State won 125-108. (AP Photo/Eric Christian Smith)
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HOUSTON (AP) — Kevin Durant scored 32 points and the Golden State Warriors used a big third quarter to build a huge lead and coast to their sixth straight victory, 125-108 over the Houston Rockets on Friday night.

In a matchup of two of the best teams in the Western Conference and All-Star starting guards Stephen Curry and James Harden, the Rockets fell short. Houston, which entered the game leading the NBA with 667 3-pointers, was just 7 of 35 behind the arc. Harden went 0 for 5 and Eric Gordon, who entered the game leading the NBA with 160 3s, missed all seven attempts.

Clint Capela had 22 points and Harden added 17 points with 11 assists for the Rockets, who are third in the West behind Golden State and San Antonio.

The Warriors were up by five at halftime and used a 12-4 run to open the second half and stretch their lead to 74-61 with about nine minutes left in the quarter. Golden State got six points from Durant in that span, including a dunk and a nifty reverse layup.

Houston got four points from Capela after that before Golden State used a 10-2 run, with 3s from Draymond Green and Curry, to make it 84-67 midway through the period.

Golden State pushed the lead to 99-79 entering the fourth quarter.

Houston won the first game against Golden State this season in two overtimes to snap an eight-game, regular-season losing streak to the Warriors. But it was clear the Rockets wouldn’t make it two in a row after they scored just 22 points and went 0 for 10 on 3-pointers in the third quarter.

Houston scored the first five points of the fourth quarter to cut the deficit to 99-84. But Golden State used a 9-4 run after that to extend its lead to 20 points by the midpoint of the quarter, and many fans started heading for the exits.

Curry finished with 24 points and made five 3-pointers, including one with about 3 1/2 minutes remaining that left the Warriors up 117-93. Both teams cleared their benches after that.

The Warriors led 62-57 at halftime.

TIP-INS

Warriors: Golden State made 15 of 38 3-pointers. … Klay Thompson added 16 points. … Green had 15 points, eight rebounds and seven assists.

Rockets: Ryan Anderson had one rebound in nine minutes in his return after missing two games with the flu. … Capela played 21 minutes off the bench in his third game back after missing a month with a fracture on his left fibula. … Sam Dekker had 17 points for his 11th double-digit game this season. …

CHEERING ON THE HOME TEAM

Houston Texans star J.J. Watt cheered the Rockets on from a courtside seat. He received a huge ovation when he was shown on the Jumbotron during a timeout in the second quarter. Watt, who won NFL Defensive Player of the Year last season, played just three games this season before having season-ending back surgery.

 

Penny Hardaway inducted into Magic Hall of Fame (VIDEO)

NEW ORLEANS, LA - FEBRUARY 15:  Penny Hardaway attends the Sears Shooting Stars Competition 2014 as part of the 2014 NBA All-Star Weekend at the Smoothie King Center on February 15, 2014 in New Orleans, Louisiana. 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 Ronald Martinez/Getty Images)
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ORLANDO, Fla. (AP) — The Orlando Magic have inducted Penny Hardaway into the franchise’s Hall of Fame.

Hardaway, a game-changing point guard at 6-foot-7, becomes just the fifth player in franchise history to be inducted into the team’s Hall of Fame. He was enshrined during a pregame ceremony Friday and will be honored during a special halftime presentation during Orlando’s game against the Milwaukee Bucks at Amway Center.

Acquired by the Magic during the 1993 NBA Draft, Hardaway spent six seasons in Orlando where he averaged 19 points, 6.3 assists, 4.7 rebounds and 1.95 steals per game. Hardaway and center Shaquille O’Neal guided the Magic to the NBA Finals in 1995 where they lost to the Houston Rockets.

Hardaway remains third on the team’s all-time steals list (718) and fourth in assists (2,343).

Robert Covington with deep, contested three game-winner for Sixers (VIDEO)

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The Sixers have just become fun.

It’s not just Joel Embiid, it’s guards and wings feeling fearless in big game situations. A few games ago it was T.J. McConnell. Friday night, it was Robert Covington.

Down two with 13 seconds left after Damian Lillard missed a free throw, Brett Brown chose not to call a timeout and count on getting a good shot out of the chaos. What the Sixers got was Covington a full step behind the arc with Evan Turner in his face contesting.

It didn’t matter. Bucket. Ballgame.

The Sixers were down 13 at the half and came back to get the win. Sixers fans did get a scare in this one when Embiid left the game for a while and went to the locker room after tweaking his knee landing from a dunk. It proved to be nothing serious and he returned to the game, at which point you could hear and audible sigh of relief from the entire city of Philadelphia.