Maloofs give up part of casino to erase debt, is that good for Sacramento?

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The conventional wisdom has been that part of the reason the Maloof brothers worked so hard to move their Sacramento Kings to Anaheim was to deal with debt problems — they were so overrun with debt in other areas of their lives they needed to moved the Kings to a higher-revenue place.

That may not have been true — there were signs to the contrary — but it is all moot now. The Maloofs have wiped out their debt problems at the Palms in a deal with creditors, according to the Sacramento Bee.

The owners of the Sacramento Kings have surrendered controlling interest in their Las Vegas casino, in a deal that they say improves their finances considerably.

After months of negotiations, the Maloof family announced Tuesday that it has reached a “recapitalization” agreement with the Palms Casino’s main creditors, investment firms TPG Capital and Leonard Green & Partners.

Co-owner George Maloof said the deal erases the Palms’ debt but leaves the family, which built the trendy casino a decade ago, with less than 50 percent of the equity. That gives controlling interest to TPG and Green.

The Maloofs still have a share of and will operate the trendy casino.

What does that mean for the chances of the Kings staying in Sacramento? Hard to say, but if you believe that the Maloofs debt was the pressure forcing the move to Anaheim, then that pressure has been relieved. Which should give Sacramento a better chance. George Maloof told the Bee that the family is in a much better financial place now with this deal.

But it really all comes down to the plans and financing for a new arena. If that can get approved, in whatever form, the Kings will stay. If not, we’re all going to Disneyland.

Buddy Hield on Kings getting booed at home: ‘That’s how Sacramento fans are’

Kings guard Buddy Hield
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Buddy Hield is quite familiar with frustration amid the Kings’ disappointing season.

Sacramento fans showed theirs Wednesday, booing the Kings during their home loss to the Mavericks.

Buddy Hield, via James Ham of NBC Sports California:

“Everybody is frustrated, it’s not even them, we’re trying to figure it out too,” Buddy Hield said following the loss. “But it’s the home team and we get booed…we don’t agree with it, but they’re going to voice their opinion.

“I understand their frustration, but like I said, I’m going to keep shooting the ball,” Hield continued. “When I make a three they like me, when I don’t, they hate you. That’s how Sacramento fans are, man, so you’ve got to embrace it.”

Hield seemingly isn’t looking to pick a fight with fans. He made a point to empathize with their frustration.

But I don’t think he’s being fair, either.

Kings fans are far more loyal than swinging between love and hate depending whether or not a shot falls. They’re fed up after 13 – going on 14 – straight seasons missing the playoffs. This year has been particularly discouraging, as Sacramento has backtracked from fun and fast to sad and slow. Losing to Luka Doncica particular grievance – only adds to the irritation.

The Kings’ problems have spanned multiple owners, executives, coaches and players. So, booing this group isn’t totally fair, either. But this is who’s in front of the fans.

If this Sacramento team plays hard and together, fans will embrace it – and stick with it through thinner times.

76ers play 6-on-5 vs. Bulls (video)

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The 76ers found one way to solve their spacing issues.

Philadelphia showed good ball movement, finding Furkan Korkmaz for an open corner 3-pointer. The catch? Korkmaz got open, because the 76ers had six players on the floor.

I love Kyle O'Quinn trying to slink off the court. He wanted to get away with it. Tobias Harris, who jogged to the bench, was practically begging to get caught.

Honestly, I’m a little surprised how quickly the Bulls noticed the violation. It’s not as if their defense scrambling is anything new.

Thirty days after being called ‘day-to-day,’ Karl-Anthony Towns returns to Timberwolves

Karl-Anthony Towns
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Timberwolves coach Ryan Saunders called Karl-Anthony Towns “day-to-day” with a left knee sprain.

That was 30 days ago.

Towns finally returned to Minnesota’s lineup, starting against the Pacers tonight.

While out due to his knee, Towns also battled illness. That undoubtedly complicated matters. But the Timberwolves repeatedly calling him “questionable” raises questions about their commitment to transparency. That’s important in an NBA embracing gambling.

Towns’ 17-game absence is a rare dent in his durability. In his first four seasons, Towns missed only five games – two due to a car crash.

Towns is Minnesota’s best player. He could provide a jolt to a team hanging in the playoff race. But, after a strong start, the Timberwolves began to tumble even before Towns went down. They’re probably won’t make the playoffs, though their odds are definitely better with him. At least he returns in time to make an All-Star case.

Knicks’ Marcus Morris after 23-point loss to Suns: ‘We were a better team’

Knicks forward Marcus Morris
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Marcus Morris loathes the Suns.

Unfortunately for him, his Knicks lost to the Suns, 121-98, yesterday.

Morris, via Kristian Winfield of the New York Daily News:

“Kudos to Phoenix, but at the end of the day, we were a better team,” Marcus Morris said postgame. “We should have got that win tonight.”

Nahhh.

The Knicks stink. They’ve lost seven of eight. Morris talked about energy, and New York’s could be better. But this is what happens on losing teams. The Knicks’ roster just isn’t good enough. It’s not more complicated than that.

The Suns aren’t great, either. But they’re much better than New York – no matter how much that grinds Morris.