Vivek Ranadive, Raj Bhathal, Paul Jacobs

Kings sale closes escrow, final price is record $534 million


Remember this number and the next time you hear an NBA owner plead poverty, remind them to include increases in franchise valuation in that matrix.

The Sacramento Kings sale closed escrow on Friday with the final sale price equates to a record $534 million that also incudes the Sleep Train Arena, the Maloof family announced. The team was sold to Vivek Ranadive and a group of Sacramento-based investors that will keep the team in the city.

“We congratulate Vivek Ranadive and the entire Sacramento investor group for their willingness to come forward and purchase the franchise for the people of Sacramento,” George Maloof said in a released statement. “We are confident they will provide the stewardship necessary to continue to guide the organization to successful levels.”

Thanks Maloofs, here is your check. Don’t let the door hit you on the way out.

Ranadive has moved fast to reshape the basketball side of the operations, which started with him hiring Golden State assistant coach Mike Malone as the new head coach. The buzz is Chris Wallace of Memphis is the front-runner for the GM job.

Matt Barnes says he went to house because his son looked distressed

Derek Fisher, Matt Barnes, Russell Westbrook
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So far, the only substantive accounts of the Matt Barnes-Derek Fisher altercation have come from anonymous sources.

The Knicks coach has deflected questions.

But Barnes is giving his account, at least of the lead-up.

Ramona Shelburne of ESPN:

It’s completely understandable that Barnes would act to ensure his children’s welfare.

And let’s say everything he said is true. It still leaves important questions unanswered.

Did Barnes – as he reportedly texted a friend he did – beat up Fisher and spit on his estranged wife, Gloria Govan? If so, why did Barnes deem that necessary to protect kids?

Gregg Popovich resting himself for Spurs game at Sacramento

Gregg Popovich
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Gregg Popovich said he wouldn’t coach in July.

Apparently, he’s taking off part of October, too.

Marc J. Spears of Yahoo Sports:

It’s not that surprising to see Tim Duncan, Tony Parker, Manu Ginobili and Boris Diaw staying home. Veterans miss preseason games all the time just to rest. With the Spurs, it happens even in the regular season.

But it’s still a little strange to see the head coach sit out, even though Popovich also did it last year.

It makes sense, though. Who cares about this preseason game? If travelling less helps the 66-year-old Popovich stay fresh in the years ahead, that’s well worth it. Plus, it gets Messina a little extra experience. Some day, he might be the head coach.