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: Matt Barnes texted friend that he beat up Derek Fisher, spat in wife’s face

Derek Fisher, Matt Barnes, Russell Westbrook
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Grizzlies forward Matt Barnes reportedly attacked Knicks coach Derek Fisher for dating his estranged wife, Gloria Govan.

New details are emerging, and they cast Barnes in an even worse light.

Ian Mohr of the New York Post:

Sources told The Post that Barnes became incensed when his 6-year-old twin sons, Carter and Isaiah, called to tell him that Fisher was at the house.

Following the dust-up, Barnes, 35, texted a pal that he had not only assaulted Fisher, 41, but also took revenge on Govan, one source said.

“I kicked his ass from the back yard to the front room, and spit in her face,” the text read, according to the source.

If this becomes a criminal case, Barnes’ text could incriminate him.

In the court of public opinion, the presence of Barnes’ children and his spitting in his wife’s face make this even more disturbing.

Unfortunately, not everyone views it that way. Too many are laughing off the incident.

Albert Burneko of Deadspin had the best take I’ve seen on this situation:

When an accused domestic abuser shows up uninvited at a family party to—as a source put it to the New York Post—“beat the shit” out of someone for the offense of dating his ex, that is not a wacky character up to zany shenanigans. It is not reality TV melodrama or a cartoon or celebrities being silly. It is the behavior of a dangerous misogynist lunatic. It is an act of violent aggression. It is a man forcefully asserting personal property rights over a woman’s home, body, and life. It differs from what Ray Rice did in that elevator by degree, not by kind, and not by all that much.

I suggest reading it in full.