Kings Sale Basketball

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

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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 sonicsarena.com (first reported by Chris Daniels at King5.com). 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.

Westbrook hits game-winner as Thunder beat Jazz 97-95 (VIDEO)

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SALT LAKE CITY (AP) —  Russell Westbrook hit a pull-up jumper with 1.4 seconds left, and the Oklahoma City Thunder stopped Utah’s six-game win streak with a 97-95 victory over the Jazz on Monday night.

Westbrook took over down the stretch and scored 11 of the Thunder’s final 13 points after going cold in the third quarter. He finished with 38 points, 10 rebounds and 10 assists for his 22nd triple-double of the season.

Alec Burks missed the final shot for the Jazz as time expired.

Victor Oladipo scored 18 for Oklahoma City.

Gordon Hayward led Utah with 17 points.

The Jazz rallied in the third quarter with a 13-0 run to take a 66-60 lead, but the Thunder pulled within three early in the fourth thanks to five straight points from Oladipo.

The Thunder took a 56-53 lead into halftime after Westbrook dominated the second, The dynamic point guard scored 14 in the quarter to give him 22 at the break.

TIP-INS

Thunder: Steven Adams returned from a two-game absence due to a concussion. … Reserve Enes Kanter scored 14 against his former team.

Jazz: Hall of Fame coach Jerry Sloan sat with his Hall of Fame point guard John Stockton during the game.

STAYING PUT

The Jazz announced Monday that ownership of the team and Vivint SmartHome Arena has been transferred from Gail Miller to a legacy trust in a move that ensures the team will remain in the family for generations. Miller said the primary reason for the transfer is to make sure the team stays in the state.

HOOD UPDATE

Rodney Hood missed his fourth consecutive game with a right knee hyperextension and bone bruise.

“The original timeline was 2-4 weeks and, as far as I know, he’s on track with that,” Jazz coach Quin Snyder said. “He’s been in getting treatment and starting to do some work on the court. They’re doing all the different measurements and balance tests and all those things.

“He’s making good progress. But I don’t know if that means we’re going to see him later this week or next week. There’s another phase there to clear him for some more competitive stuff … and see how he’s feeling. But right now he’s feeling good.”

Terrence Jones scores 36, leads Pelicans past Cavaliers 124-122

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NEW ORLEANS (AP) — Terrence Jones filled in brilliantly for injured All-Star Anthony Davis, scoring a season-high 36 points, grabbing 11 rebounds and blocking LeBron James‘ dunk attempt in the fourth quarter, and the New Orleans Pelicans beat the Cleveland Cavaliers 124-122 on Monday night.

Jrue Holiday added 33 points and 10 assists for the Pelicans, and Langston Galloway capped a 12-point night with a clean steal on James’ drive in the final minute, preventing the Cavs from erasing a deficit they had trimmed from 22 late in the first half to three with 1:32 left in the game.

Kyrie Irving scoring 35 of his 49 points in the second half, but the Cleveland fell to its fifth loss in seven games. James had 26 points, 12 assists and 10 rebounds.

Two of Cleveland’s recent losses came against Western Conference leaders Golden State and San Antonio, but two others have come against teams currently outside the playoff picture in the West: New Orleans and Portland.

Kevin Love had 22 points for Cleveland, which could not quite keep pace with a Pelicans squad that tied a season high for 3-pointers with 16 and shot 49.4 percent (43 of 87).

Donatas Moteijunas scored 14 for New Orleans, while Dante Cunningham scored 11. Each hit a pair of 3s.

The Cavs drained 15 3s, eight by Irving, whose step-back jumper from long range had Cleveland within three with 21 seconds to go, but the Cavs got no closer until Love’s anticlimactic 3 in the final second.

Embarrassed in a 29-point loss to NBA-worst Brooklyn at home on Friday, the Pelicans were eager for a chance to redeem themselves with a competitive showing against the defending champs. That did not appear likely when New Orleans announced less than an hour before tip-off that Davis would be unable to play because of his right leg bruise lingering from a collision with the Nets’ Spencer Dinwiddie.

Coach Alvin Gentry inserted Jones for Davis as the starting center, and he responded with arguably the most dynamic half of play in the fifth-year veteran’s career. He hit all eight of his shots in the first half, scoring 22 points on an array of jumpers – including two 3s – weaving drives and feisty put-backs.

Holiday, meanwhile, got into an equally prolific rhythm, hitting three 3s and highlighting several impressive drives to the hoop with a two-handed dunk. Holiday’s pullup jumper from just inside the 3-point line with 6 seconds left in the second quarter gave him 22 points and New Orleans a 22-point lead, and Holiday pumped his fist while one of the biggest crowds of the season went wild.

In the last second of the half, James executed a long inbound pass to Love, who converted a quick-release layup to make it 70-50.

TIP-INS

Cavaliers: Coach Tyronn Lue was assessed a technical foul by official Leroy Richardson after the coach chastised Richardson for a late whistle giving Moteijunas free throws following a missed layup. … The Cavs won the teams’ only other meeting this season, 90-82 in Cleveland on Jan. 2. … Irving slung in what would have been a sensational, off-balance, one-handed shot from about 30 feet, but it didn’t count because it came too late after Irving was fouled by Tyreke Evans as the pair pursued a loose ball near mid-court.

Pelicans: New Orleans improved to 2-2 without Davis in the lineup. … G E'Twaun Moore, who is 6-foot-4, delighted the crowd by rejecting the 6-8 James near the basket in the first half. … New Orleans shot 60.5 percent (26 of 43) in the first half.=

 

Heat’s Dion Waiters drains game-winning three to knock off Warriors (VIDEO)

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Last week Golden State crushed Cleveland, Oklahoma City, and Houston.

But none of those teams had Dion Waiters.

The final three of Waiters’ 33 points came on a deep pull-up three with 0.6 seconds left to give Miami a 105-102 upset of the Warriors. Waiters shot 13-of-20 overall and 6-of-8 from three.

This was a night the Warriors just could not get the three ball to fall, shooting 8-of-30 (26.7 percent) from deep. This ended Golden State’s seven-game win streak and extended the Miami win streak to four.

Joakim Noah with as ugly a free throw as you’ll see. And he knows it. (VIDEO)

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Joakim Noah used to be a good free throw shooter, he’s hit 70 percent for his career. But he’s shooting just 42.9 percent this season.

And no miss was uglier than the one Monday night against the Pacers.

The best part of this airball was Noah’s reaction — he knew it was bad the second he let it go.

If you want to draw parallels with the Knicks’ season, go for it.