Kings Sale Basketball

Report: Deal struck to sell Kings to Sacramento group


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).

Report: Timberwolves ask Cavaliers about Iman Shumpert, who could be available in trade

CLEVELAND, OH - SEPTEMBER 26: Iman Shumpert #4 of the Cleveland Cavaliers poses for a portrait during media day at Cleveland Clinic Courts on September 26, 2016 in Cleveland, Ohio. 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. Mandatory copyright notice. (Photo by Jason Miller/Getty Images)
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The Timberwolves are looking to trade a point guard or two.

The Cavaliers are looking to trade for a point guard or two.

Could it be a match?

Shumpert seems like Cleveland’s most likely trade bait, and Minnesota – dangling Tyus Jones and maybe soon Ricky Rubio – is apparently interested.

Zach Lowe of ESPN:

Keep an eye on Iman Shumpert. Several teams, including Minnesota, have inquired about his availability in the past few weeks and gotten the impression Cleveland is ready to talk, according to several league sources. The Cavs won’t salary-dump Shump for nothing, but given their tax situation, cutting payroll by a few million promises exponential savings.

Shumpert is more valuable than Jones, less valuable than Rubio. Draft picks and/or other players can bridge the gap in any deal, but neither point guard makes much sense in Cleveland. Rubio is too good to back up Kyrie Irving. Jones is not proven enough to be significantly more dependable than Kay Felder.

What could make a lot of sense: A team trades for Rubio, displacing its current point guard, who goes to the Cavs in a three-way trade. With the Kings a known Rubio suitor, Darren Collison could fit in Cleveland – at least after his eight-game suspension. Similar iterations could work with other teams that have a decent point guard but want to upgrade to Rubio.

Report: Tristan Thompson and Khloe Kardashian engaged, getting their own reality show

NEW YORK, NY - MAY 16:  TV personality Khloe Kardashian attends the NBCUniversal 2016 Upfront Presentation on May 16, 2016 in New York, New York.  (Photo by Slaven Vlasic/Getty Images)
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Tristan Thompson is doing his best to ensure the Cavaliers live up to Joakim Noah‘s “Hollywood as hell” billing.

Just as they begin a high-profile title defense behind stars LeBron James, Kyrie Irving and Kevin Love, Thompson is bringing even more attention to Cleveland by taking his relationship with Khloe Kardashian to the next level.

Katherine Santana of In Touch:

Now that Khloé Kardashian and Tristan Thompson are engaged, In Touch can exclusively reveal details on the couple’s wedding. Khloé and Tristan are now in the works of getting their own reality show, and are planning to marry in front of the cameras!

Thompson and Kardashian are adults and should be free to live their personal lives as they see fit under the law. I just hope Thompson understands what he’s getting himself into.

Report: Lakers want to keep Metta World Peace… as assistant coach

EL SEGUNDO, CA - SEPTEMBER 26:  Metta World Peace #37 of the Los Angeles Lakers sits for an interview during Los Angeles Laker media day at Toyota Sports Center on September 26, 2016 in El Segundo, California.  (Photo by Harry How/Getty Images)
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The Lakers must drop two players before the regular season. The four five primary candidates:

  • Nick Young, the only one of the four with a guaranteed salary. There was talk of waiving him anyway, but he has seemingly played his way onto the team in the preseason.
  • Yi Jianlian, who has the highest salary of the group. His partially guaranteed, incentive-laden contract makes him an intriguing trade chip.
  • Thomas Robinson, the youngest of the bunch. The 25-year-old might be the best center in a few years of anyone on the Lakers’ roster.
  • Anthony Brown, the No. 34 pick just last year. He has a guaranteed salary.
  • Metta World Peace, the oldest player on the team. He turns 37 next month and hasn’t been productive in years.

The Lakers face one tough choice. Waiving World Peace should be the easy one – and it seems they know it.

Marc Stein and Ramona Shelburne of ESPN:

The odds are against Metta World Peace making the Los Angeles Lakers’ Opening Night roster, but the Lakers have interest in keeping the veteran forward around as an assistant coach if they can’t make room for him as an active player, according to league sources.

If the Lakers want to keep World Peace to mentor young players, assistant coach is the right role for him. It’s not worth wasting a roster spot on someone who’s no longer NBA caliber.

World Peace wants to keep playing, and he could lobby other teams. I’d be surprised if he gets another NBA contract, but I was also surprised the Lakers signed him the last two years.

More likely, World Peace must decide between being a Lakers assistant and playing overseas again.

Heat reportedly not shopping Goran Dragic, tell him trade rumors are untrue

MIAMI, FL - SEPTEMBER 26: A portrait of Goran Dragic #7 of the Miami Heat on September 26, 2016 in Miami, Florida. (Photo by Rob Foldy/Getty Images)
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The Heat and Kings reportedly discussed a trade that would send Goran Dragic to Sacramento for Rudy Gay and Darren Collison.

Could such a deal happen?

Miami is clearly sending out word from its end: No.

Barry Jackson of the Miami Herald:

Dragic on Erik Spoelstra, via Ira Winderman of the South Florida SunSentinel:

“He just said those rumors, they’re not true.”

Reminder: Mario Chalmers said the Heat told him they would keep him shortly before they traded him.

Teams get the most from players when they’re happy, and job security pleases most people. So, teams often assure players they won’t be traded. If a team violates that trust by dealing a player anyway… that’s no longer the team’s problem. The player is fuming elsewhere.

I don’t know whether the Heat will trade Dragic this season. Their assurances and signals mean something, but only so much.

I do know Dragic is on the wrong side of 30 and has a long-term contract that makes little sense on a rebuilding team.