While both the Seattle and Sacramento teams have been trying to spin events since the NBA owners met in New York last week, but they both agree on one thing:
The recommendation of the NBA’s sale and relocation committee will almost certainly hold sway over the course of the Kings’ franchise.
That committee will meet next Monday via conference call, according to multiple reports. At that time the committee will issue it’s recommendation and send that to the other owners.
Seven days after that the owners can vote on the matter (NBA bylaws call for the delay). That vote can be done by conference call or email, the owners do not have to reconvene.
The Maloofs have a deal in place to sell the Kings to a Seattle group is led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer. They would purchase 65 percent of the team, which is valued at $550 million (an increased offer), and have applied for relocation to take the team to Seattle. The team would play in the Key Arena in Seattle for a few seasons while a new arena is constructed (it is in environmental review).
Sacramento Mayor Kevin Johnson led a charge to put together a strong counter offer led by billionaire Vivek Ranadive to go with 24-Hour Fitness owner to lead a group buying the team. Their plans also call for a new arena.
All things being equal, several owners have called this a toss-up but seem hesitant to move a team out of a market that has put in the effort Sacramento has to retain the team. The question is are all things equal with the bid? Those owners also realize that Seattle is a larger, wealthier market and that would be handy in future television negotiations.
It requires two-thirds of the owners to approve the sale, meaning just eight owners can block it.
One way or another, a good ownership group is going to lose out. David Stern has shot down any talk of expansion saying the majority of owners do not wish to further divide up the revenue pie.
Utah’s Gordon Hayward abused the Lakers’ Jordan Clarkson on this play.
First, Hayward reads and steals Clarkson’s poor feed into the post intended for Kobe Bryant, then going up the sideline he takes his dribble behind Clarkson’s back to keep going. It all ends in a Rudy Gobert dunk.
Three quick takeaways here:
1) Gordon Hayward is a lot better than many fans realize. He can lead this team.
2) It’s still all about the development with Clarkson, and that’s going to mean some hard lessons.
3) Hayward may have the best hair in the NBA, even if it’s going a bit Macklemore.
(Hat tip reddit)
VIZZINI: “So, it is down to you. And it is down to me.”
MAN IN BLACK nods and comes nearer…
MAN IN BLACK: “Perhaps an arrangement can be reached.”
VIZZINI: “There will be no arrangement…”
MAN IN BLACK: “But if there can be no arrangement, then we are at an impasse.”
That farcical scene from The Princess Bride pretty much sums up where we are with the Tristan Thompson holdout with the Cleveland Cavaliers, minus the Iocane powder. (Although that scene was a battle of wits in the movie and this process seems to lack much wit.) The Cavaliers have put a five-year, $80 million offer on the table. Thompson wants a max deal (or at least a more than has been offered), but he also doesn’t want to play for the qualifying offer and didn’t sign it. LeBron James just wants the two sides just to get it done.
Brian Windhorst of ESPN thinks LeBron could be very disappointed.
Windhorst was on the Zach Lowe podcast at Grantland (which you should be listening to anyway) and had this to say about the Thompson holdout:
“I actually believe it will probably go months. This will go well into the regular season.”
Windhorst compared it to a similar situation back in 2007 with Anderson Varejao, which eventually only broke because the then Charlotte Bobcats signed Varejao to an offer sheet. Thompson is a restricted free agent, meaning the Cavaliers can match any offer, but only Portland and Philadelphia have the cap space right now to offer him a max contract. Neither team has shown any interest in doing so.
And so we wait. And we may be waiting a while.