Kings Sale Basketball

Seattle ups bid $75 million in last ditched attempt to buy Kings


What NBA commissioner David Stern has said from the start is that he did not want a pure bidding war for the Sacramento Kings. In part because that puts more money in the pockets of the Maloof family, and who wants that?

But after losing out when the NBA’s relocation committee unanimously recommended against the move of the Kings, essentially killing the sale to his Seattle based group — instead essentially favoring a matching bid from Sacramento — Seattle’s Chris Hansen essentially has turned to a bidding war.

The Seattle group upped its valuation of the team by $75 million to $625 million total, Hansen announced on (first reported by Chris Daniels at That would up their out of pocket money (they are buying 65 percent of the team) by about $49 million.

“In an effort to further demonstrate the extent of our commitment to bring basketball back to Seattle, we have elected to voluntarily increase our proposed purchase price for the Sacramento Kings NBA Franchise by $75 million — from an enterprise value of $550 million to $625 million,” Hansen wrote. “In conjunction with our revised offer, we have also guaranteed to the NBA that the Franchise would be a revenue sharing payer in all years in Seattle.”

We’ll see, but I doubt it matters — what owners have said about the decision (and before) that this was not about Seattle’s offer being bad so much as Sacramento rallying like pro sports leagues want their cities to do to save a team.

Our man on the ground on this issue, Aaron Bruski, is hearing the same thing.

Sacramento officials don’t seem too concerned.

“We feel very confident about the position we are in right now,” Sacramento Mayor Kevin Johnson said in a released statement. “The NBA leadership and owners have always said that their decision would not be dictated by a bidding war. This was always about whether Sacramento, a community that has supported the NBA for 28 years, can put together a plan and organization to ensure the franchise can rebuild and thrive. The ownership group, the city, and the community have shown the NBA, without any shred of doubt, that the Sacramento Kings belong in Sacramento. I believe the NBA owners realize that there is far more to think about than just an increased bid.”

This feels more like Hansen is just making a backcourt heave at the buzzer. That said, it could put pressure on the league in regards to an expansion team, it also could help if he decides to go to court on anti-trust grounds.

Months ago the Maloofs had struck a deal to sell the team to a Seattle group led by venture capitalist Hansen and Microsoft CEO Steve Ballmer. From Stern on down the league had called this a good offer that included a new stadium and more.

However, rallied by Mayor Kevin Johnson in Sacramento, that city put together a counter-offer that was led by their own billionaire — Vivek Ranadive, a Silicon Valley guy who is a minority owner of the Warriors — and they had plans for a new stadium as well.

As several owners said off the record — and some now-deleted twitter DMs from Heat owner Micky Arison explained — the owners backed Sacramento because the incumbent had rallied to put together a public-private partnership that is the kind of thing the league wants to see. It was really not about Seattle losing so much as Sacramento winning.

Although Hansen and Seattle still felt like they lost — and like they were used as leverage to force a better deal out of another city.

So they upped the offer to put more pressure on the deal. We’ll see if it matters, but you know how often backcourt shots at the buzzer fall.

Mike Budenholzer smirks at lawyer calling Thabo Sefolosha ‘NBA superstar’

Mike Budenholzer, Thabo Sefolosha
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The funny part, via Robert Silverman:

The substantive part:

NEW YORK (AP) — NBA player Thabo Sefolosha, who was arrested outside a New York City nightclub in April following a confrontation with police officer, has a character “of the highest order,” his head coach, Mike Budenholzer, testified Thursday.

Taking the stand as the final defense witness in Sefolosha’s trial, Budenholzer described the Atlanta Hawks guard-forward as “highly intelligent” and a “hard worker.”

When asked by defense attorney Alex Spiro to describe his character, he said it was, “of the highest order.”

“Thabo is of the highest character,” he said during brief testimony in Manhattan Criminal Court.

The Swiss national is charged with misdemeanor obstructing government administration, disorderly conduct and resisting arrest charges stemming from a confrontation with officers outside a trendy Manhattan nightclub early in the morning on April 8. He has pleaded not guilty.

Officers testified this week that Sefolosha and former teammate Pero Antic repeatedly disobeyed their orders to move off the block and away from a crime scene that had been established following the earlier stabbing of another NBA player, Chris Copeland, and two women.

One of the officers also said Sefolosha lunged at an officer with his arm extended but was intercepted before making contact, eventually taken to the ground and arrested.

Sefolosha has testified that he was complying with orders and moving up the block as a particularly aggressive officer screamed profanities at him.

His attorney has argued that his client was singled out by the officer, who is white, because Sefolosha is black.

Sefolosha testified Thursday that he was trying to give money to a panhandler before entering an awaiting car when he was grabbed by police. He said his leg was kicked in the scuffle and he was taken to the ground, handcuffed and hauled to a police precinct. He suffered a fractured right leg, which forced him to miss the playoffs.

The case is the second one involving high-profile athletes accusing New York Police Department officers of wrongdoing this year. On Wednesday, the city agency charged with investigating police misconduct substantiated claims by former tennis star James Blake that an officer used excessive force when he took him to the ground last month after mistkaing Blake for a fraud suspect.

As expected, Jimmy Butler says no issue between him, Derrick Rose

Derrick Rose, Jimmy Butler
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Is the Derrick Rose/Jimmy Butler relationship nothing but puppy dogs and rainbows? No. There will be sparks between two intense competitors.

Have those sparks started a fire Bulls fans should be concerned about? A report on Wednesday said the core problem was Butler doesn’t respect Rose’s work ethic, which provided some kindling for that spark to catch.

However, as you would expect, Butler said this was all much ado about nothing, that he and Rose are all good. Via K.C. Johnson of the Chicago Tribune:

Spin this however you wish: Their relationship is fine and someone in the media is making this up; or their relationship has been rough, and this is all just leaking out now.

This is a Bulls team in a bit of a transition as Rose declines some and Butler has grown into a top-flight player. Clearly that dynamic has some people around the team — likely the people in one of one of the players’ camps doesn’t like the power struggle or where it leaves his buddy — talking out of school to the press.

But as Butler noted, winning cures all ills. If Chicago can get off to a fast start, nobody will be asking chemistry questions.

For now, however, tounges are wagging.