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.

Report: Jrue Holiday’s wife, Lauren Holiday, undergoes successful brain surgery

NEW ORLEANS, LA - OCTOBER 31:  Jrue Holiday #11 of the New Orleans Pelicans handles the ball during a game against the Golden State Warriors at the Smoothie King Center on October 31, 2015 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 Stacy Revere/Getty Images)
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Pelicans point guard Jrue Holiday is away from the team as his wife, Lauren Holiday, battles a brain tumor.

First, Lauren gave birth to a healthy daughter.

Now, more good news.

John Reid of The Times-Picayune:

Hopefully, the Holidays continue to find good health.

Sixers coach Brett Brown says he expects Ben Simmons back in January

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A Jones fracture — the broken bone in the foot that Philadelphia rookie Ben Simmons recently has surgery to repair — is difficult to put on a recovery timeline. That part of the foot (the outside of the foot closer to the ankle) does not get good blood flow and that can slow recovery. Plus with a prized rookie, the Sixers have a history of being cautious — and Simmons’ agent may want to be even more cautious.

But Brett Brown, the Sixers coach, said he expects Simmons back on the court in January.

Here is what he told Keith Pompey of the Philadelphia Inquirer.

On Friday, coach Brett Brown confirmed that the first overall pick is scheduled to return in January. League sources previously said that Simmons would be out for three months.

“It’s not doom and gloom,” Brown said when asked when asked how his team is adjusting to its various injuries at the moment. “Ben is coming back in January. We are still trying to find information on Jerryd [Bayless]. Jahlil [Okafor] is still trying to touch the court in his first preseason game.”

It’s certainly possible Simmons is back in January, but even if it takes a little longer than that — say closer to the All-Star break — Brown would certainly work with it. As Brown told us when he joined PBT for a podcast, he wants to spend a lot of this season seeing how his young, athletic front line can play together? Can Joel Embiid, Jahlil Okafor, and Dario Saric all play together in a big front line? How do Simmons and Embiid mesh? Simmons and Saric? Where does Nerlens Noel fit in all this once he returns?

Until Brown gets guys healthy and on the court it’s impossible to know.

For all our sakes, I hope Simmons is back in January. And if he is, the possibility of him still winning Rookie of the Year exists.

Report: Cavaliers trying to trade Mo Williams rather than waive and pay him

OAKLAND, CA - JUNE 05:  Mo Williams #52 of the Cleveland Cavaliers with the ball against Ian Clark #21 of the Golden State Warriors in the fourth quarter in Game 2 of the 2016 NBA Finals at ORACLE Arena on June 5, 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 Ronald Martinez/Getty Images)
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Mo Williams slyly backed the Cavaliers into a corner by opting into the final year of his contract, not retiring and undergoing surgery.

Look past the noise, and it’s pretty simple. Williams is under contract for a guaranteed $2,194,500 this season, and because he’s recovering from surgery, it’d be difficult for Cleveland to suspend him for not reporting. Just what does reporting look like for someone recovering from surgery?

This is obviously a fiasco for the Cavs, who face a steep luxury-tax bill and roster crunch. They don’t want Williams worsening either dilemma.

Brian Windhorst of ESPN:

The Cleveland Cavaliers are in impasse with guard Mo Williams and it has left them scouring the league for a trade partner so they don’t have to swallow millions, sources told

The Cavs, who were caught off guard by the decision, have not had meaningful discussions with Williams on a buyout agreement, sources said.

Needing both a roster spot and a backup point guard, the Cavs are in a squeeze as the regular season opener looms. They are looking to attach guard Jordan McRae to Williams in trades, sources said.

Williams has negative trade value. I doubt McRae carries much trade value, let alone enough to offset the anchor of Williams.

It’s too late for Cleveland to stretch Williams’ salary. He has little incentive to negotiate a buyout. At this point, he’ll probably get all his remaining salary (though a buyout would be guaranteed and avoid the possibility of fines and suspensions reducing his payout).

The Cavaliers would do well to trade Williams to another team to waive him. The Cavs project to save $6,328,892 ($2,194,500 and $4,134,392 in luxury tax) by dumping Williams rather than waiving him themselves. They could even send another team Williams’ full $2,194,500 salary to take him and still come far ahead financially. Essentially, the other team would break even in such a deal. So, why would the other team do it? Cleveland would also have to send more – additional cash, draft picks or a player like McRae.

With multiple teams below the salary floor, it shouldn’t be too hard to find a taker.

But whatever positive assets the Cavaliers trade to dump Williams would be assets they can’t use in a trade for a healthy, productive point guard.

Williams is going to make life more difficult for the Cavs. The only question now is just how much more.

Knicks waive Lou Amundson, four others to keep Ron Baker

New York Knicks guard Ron Baker (31) goes to the basket against Boston Celtics forward Amir Johnson (90) and guard Avery Bradley (0) during the first half of a preseason NBA basketball game, Saturday, Oct. 15, 2016, at Madison Square Garden in New York. (AP Photo/Mary Altaffer)
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Ron Baker was one of the top undrafted players, and the Knicks scooped him up quickly.

They probably didn’t realize just how much they’d need him.

New York’s rotation point guards are Derrick Rose and Brandon Jennings, who both carry unsettling injury histories. Additionally, Rose missed most of the preseason while successfully defending himself in a rape lawsuit.

The Knicks can’t afford to go without a third point guard, and Chasson Randle‘s injury left Baker.

But because the they have 15 players with guaranteed salaries – Baker isn’t one – the Knicks had to waive Lou Amundson, who just signed a guaranteed deal. New York also waived Randle, J.P. Tokoto, Damien Inglis and Cleanthony Early, none of whom had fully guaranteed salaries.

Other candidates with guaranteed salaries who could’ve been waived: Sasha Vujacic, Marshall Plumlee and Maurice Ndour.

The bigger mystery than why the Knicks chose Amundson to waive is why they gave him a fully guaranteed contract in the first place.