Kings Sale Basketball

Report: Deal struck to sell Kings to Sacramento group

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Just more than 24 hours after the NBA rejected a plan to move the Sacramento Kings to Seattle — essentially killing a sale of the team to a Seattle group — the Maloof family has reached a deal to sell the Kings to a Sacramento group that had put a counter offer before the league.

The deal was expected to be reached quickly and it is now done, reports the Sacramento Bee.

A Sacramento investors group has reached a deal with the Maloof family to buy the Kings for an NBA record valuation of $535 million, a source has told The Sacramento Bee.

That translates to a price of $347 million for the 65 percent of the team controlled by the Maloofs. The agreement, reached today, is expected to be announced sometime Friday. If the NBA approves the deal, escrow is expected to close at the end of May.

The Sacramento group was put together by the city’s Mayor Kevin Johnson and is led by billionaire Vivek Ranadive. The group has already purchased land and has plans for a new stadium in downtown Sacramento.

This is the culmination of a big win for Sacramento and a sticky mess for the NBA. The Maloof family had exhausted the good will they had built up in Sacramento in recent years and had almost single handedly killed a couple arena proposals to help keep the Kings in town. The family said the team was not for sale, until it was leaked the family had an agreement to sell the team to a Seattle group led by Chris Hansen.

That was a strong ownership group and offer from Seattle. Sacramento Mayor Johnson went to David Stern and basically asked, “What do I have to do to keep the team?” Stern laid out a long list that seemed hard to reach — put together a strong ownership group that could match the offer, come up with an arena plan and buy the land for it, and more. Credit Johnson and Sacramento, they got it done. And with that Seattle was on the outside because the advantage always belonged to the incumbent, even though that’s not what the investors and people of Seattle were sold.

But this is a day for celebrating in Sacramento — they get to keep their team. They get new owners that will help give them some direction on the court (we hope).

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.

Stephen Curry finds Kevin Durant for tomahawks slam in transition (VIDEO)

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The Warriors in transition can be beautiful basketball.

And if you don’t stop the guy with the ball from getting a straight line to the hoop, there will be highlights. In the first half Monday night, the Heat did a good job making Stephen Curry give up the ball in transition (not letting him just pull up for a three), but he found Kevin Durant, who found a lane to the basket, and… highlight tomahawk dunk.

It was a two-point game at the half between the Heat and Warriors, after what was a second quarter both teams probably want to forget.

Warriors’ Steve Kerr calls some players’ All-Star votes a “mockery”

INDIANAPOLIS, IN - NOVEMBER 21:  Steve Kerr the head coach of the Golden State Warriors watches the action during the game against the Indiana Pacers at Bankers Life Fieldhouse on November 21, 2016 in Indianapolis, Indiana.    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 Andy Lyons/Getty Images)
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MIAMI (AP) — Golden State coach Steve Kerr wishes players had taken their voting for the NBA All-Star Game more seriously, calling it a “mockery” after nearly 300 players in the league wound up on at least one ballot.

Players had a say in deciding starters for next month’s game in New Orleans, with their selections accounting for 25 percent of someone’s total score in the balloting. Fan and media votes were also part of the process of selecting starters, and NBA coaches vote this week for the reserves to be revealed on Thursday.

“I am very disappointed in the players,” Kerr said before the Warriors played the Miami Heat on Monday night. “They’ve asked for a vote and a lot of them just made a mockery of it. I don’t know what the point is.”

Nearly 100 players got only one vote from either themselves or an NBA peer in the All-Star balloting, including Mo Williams – who hasn’t played a single second this season. The NBA said a total of 324 players participated in the voting process.

Kerr was asked why he would use the word “mockery.”

“I saw the list,” Kerr said. “I saw all the guys who got votes. … There were 50 guys on there who had no business getting votes. Although a lot of people wrote in their buddies in the presidential vote as well. So maybe that’s just their own way of making a statement. I think if you’re going to give the players a vote, I think they should take it seriously.”

In past years, starters have been picked entirely by fan vote. This year, those whose All-Star hopes now hinge on the coaches’ vote include Dwyane Wade, Zaza Pachulia, Joel Embiid, two-time All-Star MVP Russell Westbrook and perennial All-Star pick Carmelo Anthony. Wade, Pachulia and Embiid would have started under the old formula.

Kerr said the change to the way starters are picked this year didn’t affect the way he made his votes for reserves. He sent his vote in Sunday.

“Didn’t alter anything,” Kerr said.

Heat coach Erik Spoelstra said he called a staff meeting to get input on the ballot he’ll send to the league.

“How is Russell Westbrook not in the starting lineup?” Spoelstra asked. “I know how it’s important to players and especially guys that are giving their heart and soul and emotions into the game and should be rewarded for it. I do have to admit, in some years past, I would just give it to my assistants. Not anymore.”

Spoelstra said he told Heat center Hassan Whiteside, another All-Star reserve hopeful, that to be picked as an All-Star backup wouldn’t be a consolation prize but rather would be a sign of respect.

“Players, they’re not all voting. Fans, you have no idea where that’s coming from,” Spoelstra said. “But coaches … they’re paid to figure out who helps teams win and I think that’s the ultimate compliment if you get voted in by coaches. So I’m taking that responsibility a lot more seriously than I have in the past.”

Timberwolves purchase Iowa Energy D-League team

Fort Wayne Mad Ants v Santa Cruz Warriors - 2015 D-League Finals Game Two
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MINNEAPOLIS (AP) The Minnesota Timberwolves have purchased the Iowa Energy and will begin a direct affiliation with the NBA Development League team next season.

The Timberwolves announced the agreement on Monday. Owner Glen Taylor is purchasing the team, which previously had a hybrid partnership with the Memphis Grizzlies. The Wolves will become the 18th NBA team to have a direct affiliation with a D-League team.

It’s a growing trend across the league for franchises to use the minor league teams to help develop young players, coaches and executives and help players rehab injuries.

The Timberwolves were looking for a team close to the Twin Cities to allow for easy back-and-forth travel. Energy owner Jed Kaplan will remain with the team and partner with Taylor.