Mayor Kevin Johnson releases arena funding report, will the Maloofs and NBA bite?

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The plight of Kings fans, who came within an inch of losing their only major professional sports team, may be coming to a crossroads today, when the Think Big Sacramento coalition led by mayor Kevin Johnson releases their arena funding proposal to the public. All they have to do is come up with a plan to raise $387 million that keeps everyone happy. No biggie.

Sacramento Bee columnist Marcos Breton got the scoop on it, and released his report in the early morning hours on Thursday:

What is the guiding principle of Sacramento’s new plan?

That’s right: A virtual split – this time in thirds – among the private interests of an arena, the public and the arena’s patrons….

What you will see in today’s arena presentation are plans for three different funding pots to generate the $387 million or more needed to get an arena built. According to people familiar with the document, the Kings, the NBA and a private developer would contribute $91 million to $156 million in lease payments, upfront money, land and other revenue to pay for an arena.

The city of Sacramento would contribute the sale of public land, a tax on hotels and taxis, and money from items such as digital advertising and parking valued at $94 million to $123 million.

And, while residents in the six-county Sacramento region will not be asked to raise their taxes to subsidize a new arena, patrons of the venue will help pay for it. The third pot of money will be fueled by ticket surcharges, naming rights and other revenue sources that could generate $90 million to $121 million.

Kings fans and those tracking how and why the NBA operates the way it does will want to watch how the parties react to this report. Much of the Think Big Sacramento campaign has been orchestrated to a presidential degree, leaving no doubt to the positions of the heavy hitters involved – including companies such as AEG, the ICON-David Taylor group, and of course, the NBA and the Maloofs.

The Maloofs appear to be impotent in this discussion, as some league insiders have openly acknowledged that their future in the NBA will be determined by their ability to get an arena deal done.

The bottom line with this report is that the Kings and the NBA have been asked to foot a third of the cost. Whether that amount will be amicable to them given the whirlwind of interests controlling the matter is entirely debatable. On one hand, NBA owners do not want to see the league telling them what to do, and on the other hand, the Lakers, Knicks, and Bulls of the league don’t want to hear that (allegedly) broke owners can move into their backyard.

And, separately, while arena subsidy opponents scream blood murder, the reality is that top-flight cities have no leverage. They can clamor for leagues and owners to pay their own bills, but the folks in Sacramento would have to do that with an Anaheim Royals press release wiping their tears.

As for the Maloofs being able to contribute rental payments and/or in general, they recently liquidated their majority interest in the Palms Casino down to 2 percent with the option to buy back another 18 percent, in a financial transaction that could easily pave the way for another (Ron Burkle) speculator to come in and take over their team if they get elbowed out. They continue to assert their leverage, albeit with more discretion than they have used in the past, but in reality, David Stern knows where the bodies are buried. And as SB Nation’s Tom Ziller points out, the NBA has been working diligently to get an arena deal done – so they’re not going to stand for grandstanding when diplomacy is needed.

My take – we’re looking at a firm but fair offer from the City of Sacramento. They’re strapped just like most American cities, and this is their first offer. If this dance plays out like every other negotiation we’ve been witness to in our lives, expect the Maloofs and/or the NBA to say that the city’s request is ‘over the top,’ and they’ll waltz to equilibrium.

Highlights from Japan Game: Hachimura and Wiseman put on show, plus Suga and Curry

Golden State Warriors v Washington Wizards - NBA Japan Games
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The NBA preseason is officially here — and it started in Japan. The Golden State Warriors faced the Washington Wizards in front of a sold-out crowd at the Saitama Super Arena in Tokyo. In case you didn’t wake up at 6 am Eastern to watch a meaningless preseason NBA game (and if you did, we’re worried about you), here are a few highlights and notes from the night.

• The Wizards were there because they have the biggest Japanese star in the NBA, Rui Hachimura, and he was given a chance to shine. The crowd erupted when he did anything.

• The leading scorer on the night was the Warriors James Wiseman with 20 points on 8-of-11 shooting, plus nine boards.

• Dunk of the game goes to Kyle Kuzma.

Stephen Curry was doing Stephen Curry things.

• Stephen Curry also met Suga of BTS and gave him some game-worn kicks. This will win Twitter for the day.

• Oh, by the way, the Warriors won 96-87. As for the level of basketball, it looked like the first preseason game after a flight halfway around the world. The teams combined to shoot 11-of-47 in the first quarter (23.4%) and both were under 40% for the game.

Klay Thompson is sitting out both Warriors games in Japan.

TRIVIA TIME: Can you name the other two players currently in the NBA born in Japan?

Cam Thomas (Yokosuka) and Yuta Watanabe (Yokohama), both of the Brooklyn Nets (Watanabe is on a training camp deal and is not expected to make the roster). Both were raised much of their lives and went to high school and college in the United States.

Thunder rookie Holmgren trying to focus on learning NBA during rehab

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OKLAHOMA CITY (AP) — Thunder rookie Chet Holmgren is experiencing the rehab process for the first time.

The No. 2 pick in the 2022 NBA draft suffered a right foot injury during a pro-am game in August while defending as LeBron James drove to the basket on a fast break. He had surgery, and the Thunder declared him out for the season.

“I’ve never had a serious injury in my life, so I didn’t really know, I had nothing to base it off of and compare to,” Holmgren said Thursday. “So when it happened, I had to get it looked at and see how serious it was. I didn’t imagine anything like this.”

Holmgren, a versatile 7-footer who had great moments during summer league, is dealing with being sidelined as the Thunder start training camp this week.

“Definitely something that I really had to put my mind to and spend some time to think on,” he said. “And kind of come to some conclusions on things and really settle my mind so I could kind of stop focusing on what happened and focus in on what’s going to happen, what I’ve got to do to get where I need to be.”

Even without practicing, he has already left an impression on his teammates.

“He’s a great guy,” guard Lu Dort said. “I can already feel a connection with me and the rest of the team. He’s a pretty vocal guy, too. He talks a lot, and that’s good for the team.”

Holmgren said his only workout limitation is that he can’t put weight on the injured foot. So, that forces him to focus on other aspects of the game. Coach Mark Daigneault said Holmgren has been working hard on film study.

“It just comes down to putting my mental energy towards it, learning how to really be a professional in areas off the court,” Holmgren said. “I’ve dedicated so much time to really hustling at my craft on the court. Now, this event is making me step back and kind of rework how how I do things. And one of those ways is to become professional with watching film and speaking with coaches, trying to learn, watching what’s happening and really being engaged, in trying to get better with different avenues.”

Holmgren has spoken with Joel Embiid about his injury. Embiid, the reigning NBA scoring champion, was the No. 3 pick in 2014 before missing his first two seasons with foot issues.

Holmgren hopes he can recover as well as Embiid.

“What I’m trying to do right now is just kind of soak up all the knowledge of how things are done around here, how they’re going to be done going forward,” Holmgren said. “So when I’m ready to get get back in there, I can just kind of seamlessly plug myself in.”

Holmgren is expected to be ready for the start of next season. He said he’s trying to keep his thoughts positive.

“It all comes down to keeping a level head because there’s so many ups and downs,” he said. “Unfortunately, this is a down. But I’ve got to keep my head level and focus on getting better. And no matter what the circumstances are, that’s the goal.”

Daigneault believes Holmgren’s mindset will net positive results.

“We’d like him to be out here,” Daigneault said. “But since he’s not, we’re certainly going to make a lot of investments, and the thing that makes me the most optimistic about that is the approach that he takes.”

Houston acquires 2025 2nd-round pick in eight-player trade with Thunder

Oklahoma City Thunder v Sacramento Kings
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ESPN’s Adrian Wojnarowski described this as a “cap-centric deal” since it helped the Thunder get around $10 million below the luxury tax, while Houston added a 2nd-round pick by taking on $1 million in cap space.

The Rockets acquired Derrick Favors, Ty Jerome, Moe Harkless, Theo Maledon and a protected 2025 2nd-round pick from the Hawks and sent David Nwaba, Sterling Brown, Trey Burke and Marquese Chriss to Oklahoma City.

The 2nd-rounder from Atlanta is protected 31-40, and it will become the second best 2026 2nd-round pick between the Mavericks, Thunder, and 76ers if it doesn’t convey in 2025.

A tweet from Jackson Gatlin of Locked On Rockets indicates that Houston will also receive $6.3 million in cash from the Thunder.

Previous reports indicated that Derrick Favors was unlikely to remain with the Thunder this season, while Ty Jerome wasn’t participating in training camp as his representatives worked with the team to find an exit strategy for him. Kelly Iko of The Athletic reported that Houston plans to waive Jerome. Harkless was traded for the third time this summer. He was dealt from Sacramento to Atlanta in July as part of the Kevin Huerter deal, and then was shipped to OKC for Vit Krejci earlier this week. Hopefully he’ll be able to settle in with Houston this season.

As he enters his seventh season, this will be the sixth team that Nwaba has suited up for. The journeyman has had a few solid seasons, including averaging 9.2 points, 3.9 rebounds, and 1.0 steals for Houston during the 2020-21 season. Among the players in the deal, he’s the most likely candidate to carve out a role on his new team next season.

Brown, Burke, and Chriss were already traded once this summer as part of the deal that said Christian Wood to Dallas. Now, they’ll be depth pieces in Oklahoma City if the team decides to keep them around.

Daily Thunder’s beat writer Brandon Rahbar pointed out that the trade wouldn’t have been possible without the Disabled Player Exception that the Thunder received because of Chet Holmgren’s injury.

Spurs’ Josh Primo out for preseason with left knee MCL sprain

Golden State Warriors v San Antonio Spurs
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Josh Primo is going to get his chance this season. The Spurs are rebuilding — even Gregg Popovich says not to bet on them to win the title — and Primo, entering his second season (and still 19), is one of the most promising young players on their roster, someone with the chance to be part of whatever will be built in San Antonio the future. He just needs more experience.

Unfortunately, he’s going to start this season half a step behind after missing most of training camp due to a sprained left MCL, the team announced Thursday. He is expected to return in time for the season opener, according to the team.

Promo, the No. 12 pick in the 2021 NBA Draft, got into 50 games for the Spurs last season and averaged 5.8 points a game but wasn’t very efficient with his shot yet. He also spent a lot of time in the G-League (but then had to miss this past Summer League due to COVID).

With Dejounte Murray now in Atlanta, there is not only a starting spot open but also opportunities to run the offense — Primo is going to get a chance to show what he can do with that. It’s just not going to be for a little while due to his knee sprain.