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).
New York Knicks C Joakim Noah has an awkward jumper and free throw technique, there’s no denying that. His two-handed, horizontal approach to shooting a basketball is ripe for criticism.
DeMarcus Cousins thinks so, at least.
During a game between the Sacramento Kings and the Knicks, Cousins decided to give Noah a little tongue-in-cheek trolling about his form.
Looks about right.
The 1980s were back in Cleveland Friday night. Well, not completely, Bernie Kosar wasn’t leading the Browns to contention (although man, could they use him now).
No, the ’80s were back in the form of the throwback orange Cavaliers uniforms. And to complete the theme, the Cavaliers players dressed up and Rick-rolled the intro video — they did the complete “classic” Rick Astley hit “Never Gonna Give You Up.” And it was awesome.
The Cavaliers won the game 114-84 over the Heat behind 28 from Kevin Love, but that was secondary to the intro video.
Second-year forward Sam Dekker is finding a comfort zone in the Mike D’Antoni offense in Houston. Healthy this season, he is coming off the bench for 18 minutes a night, and his game where he is quick and can also hit the three is fitting perfectly with Houston’s system, leading him to 6.7 points a game.
Also, he can run the floor. And finish.
As Enes Kanter found out when he hustled, got back in transition defense, and wasn’t going to stop Dekker from getting to the rim.
That’s a quality dunk.
The Rockets went on to win the game 102-99, despite Russell Westbrook‘s seventh-straight triple-double.
LeBron James has been climbing the NBA’s All-time scoring list fast the past couple years, passing Hakeem Olajuwon last season to move into the top 10.
Friday night LeBron passed another legend, Elvin Hayes, who spent the prime of his career with the Washington Bullets and was an NBA champion, six-time All-NBA and 12-time All-Star from the late 1960s through the early 1980s.
LeBron passed Hayes with a vintage LeBron bucket, bringing the ball up in transition, then just using his quickness and strength to power to the rim.
LeBron’s not done, he should pass Moses Malone in the next week or so. Here is the NBA’s All-time scoring Top 10. (As a side note, if you count ABA scoring in the mix LeBron is 11th because Julius Erving and Dan Issel both pass him. For now.)
1. Kareem Abdul-Jabbar 38387
2. Karl Malone 36928
3. Kobe Bryant 33643
4. Michael Jordan 32292
5. Wilt Chamberlain 31419
6. Dirk Nowitzki 29552
7. Shaquille O’Neal 28596
8. Moses Malone 27409
9. LeBron James 27315
10. Elvin Hayes 27313