Sacramento City Council has votes for arena if reachable criteria is met

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The Sacramento Kings and their fans will hold their breath on Tuesday night, as the Sacramento City Council holds the first of at least two critical votes that will determine whether or not the team leaves town.

Let me be the first to tell you that tonight’s vote will pass.  Sources close to the situation report that the council is all but certain to have the votes necessary to move the process forward.

Specifically, the vote will allow the council to finalize proposals with ten competing private parking operators that will provide upwards of $200 million toward the cost of the estimated $387 million Entertainment and Sports Complex.

This will setup a vote on February 28 that will decide the Kings’ future.  It is at this time that the council, in cooperation with mayor Kevin Johnson’s Think Big Sacramento coalition, will vote to approve a term sheet that will signal to the NBA that Sacramento can indeed fund an arena.

I’m also told by sources with knowledge of the situation that as long as a laundry list of criteria is met, the council will have at least the four votes necessary (not counting Johnson’s tie-breaking vote) to approve the term sheet.

This laundry list includes guarantees that the city’s general fund will be replenished by the approximate $9 million annual revenue stream currently provided by city-owned parking operations, a plan for some or all of the city’s employees to be transferred into the new parking company’s operation, a mechanism to cap rate hikes for parking in the future, an option for an agreement shorter than 50 years, and a mechanism to provide kickbacks to the city if parking revenues exceed certain benchmarks.

It is believed that within that framework, the city can meet or exceed their $200 million target.

The last major item on the laundry list is who will be responsible for cost overruns if the $387 million project goes over its budget.  I’m told the city will approach the developer, David Taylor, to potentially provide that guarantee.  While it is unclear whether or not Taylor would shoulder such responsibility, he will likely be given incentive to do so by an offer of development rights near the arena.

Taylor has been working on the arena deal for years and has evaluated the project for Sacramento at a significant cost to himself, and it would be surprising if he told the council that he would not be responsible for cost overruns on a project he evaluated and promoted – particularly if there is further incentive in the form of development rights.

Adding the estimated $200 million or more from parking, an estimated $30 million from local hotels, an estimated $50 million from an arena operator (AEG), and an estimated $80 million from the NBA and the Maloofs — sources tell me that the city is well in the ballpark of securing the financing necessary for the arena.

In other words, the city of Sacramento has both the will and the way to secure a ‘yes’ vote for an arena.

As far as the timing goes, while February 28 is potentially the date for a deciding vote, it is likely that the NBA will allow for an extension on the March 1 deadline so they can properly evaluate Sacramento’s findings.  That announcement could come during All Star weekend.  The NBA and the Maloofs could theoretically act on the city’s proposal quickly and provide their terms in time for a February 28 vote, but sources stress the important part is that the city will have communicated that it is ready to vote on a deal.

From there it is on David Stern and the Maloofs to pull the trigger on the estimated $80 million price tag, which amounts to about $3 million per year in rental payments for 30 years, all paid up front.

As for any talk of selling the team, The Maloofs have been consistent with their message that it’s not an option, and their sale of the Palms can be seen as either a sign that the ship is sinking or a sign that they were moving money for the purposes of an arena.  In the unlikely event they do want to sell, Think Big Sacramento executive director Jeremiah Johnson told Seattle’s King 5 News that the city has “a number of ownership groups willing to keep the Kings in Sacramento.”

It’s not going to come to that.

The Maloofs and/or the NBA could try leverage the city of Anaheim against Sacramento, who recently made improvements on their NBA-ready facility, but after Jerry Buss and Donald Sterling just agreed to revenue sharing with small market clubs it’s less likely that the NBA will place another team in their backyard.

As for Seattle, despite their clear efforts to bring an NBA team back home, they are well behind Sacramento in their pursuit of an arena.  They too would have to approve public funds for a new building, and Stern and the Maloofs will have to weigh the $80 million cost of a sure thing given a ‘yes’ vote, and a nebulous offering in Seattle that is 1-2 years away while Key Arena is a stop-gap solution at best.

With all of the support David Stern and the NBA has given Sacramento in its fight to keep the Kings – from manpower in the front office to people on the ground helping make the arena deal a reality – it just doesn’t make sense for them to pass up a viable option for two that have problems.

This is a complex situation and it is not a done deal, but the once half-court shot turned 3-pointer doesn’t even seem like a free throw at this point – it seems like a layup.  The Party of Five that voted down a public vote that would have sent the Kings packing are interested in a deal that addresses the aforementioned criteria.  That criteria reportedly can be met and still provide the project with the money that it needs to be green-lighted, assuming the private parties each put in amounts that seem reasonable, achievable, and already written in pencil.

Kings fans will probably wait until the shovels hit the dirt before they celebrate.  Let this prediction be the first bottle of Dom Perignon.

The Kings aren’t going anywhere.

Watch Giannis Antetokounmpo go off for 32 points, 13 boards, lead Bucks rout of Thunder

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MILWAUKEE — Giannis Antetokounmpo had 32 points and 13 rebounds and the Milwaukee Bucks surged to a 24-point lead in the second quarter in a 133-86 victory over the Oklahoma City Thunder on Friday night.

The 47-point loss was the Thunder’s worst of the season.

Chris Paul scored 18 points for Oklahoma City.

Both teams were without their second-leading scorers. Bucks All-Star Khris Middleton was a late scratch with a sore neck. An ankle injury kept Thunder forward Danilo Gallinari out.

The Bucks had won four in a row and the Thunder had won five straight.

The Bucks built their second-quarter lead behind 14 second-quarter points from Antetokounmpo, seven from Donte DiVincenzo, who started in place of Middleton, and back-to-back 3-pointers from Wesley Matthews.

A key moment occurred late in the second period.

With Milwaukee leading, 54-43, Bucks coach Mike Budenholzer got a technical foul after approaching a referee during a timeout with 3:43 left in the quarter. That was moments after Eric Bledsoe was called for a charging foul that irked Budenholzer. After that, the Bucks went on a 17-4 run and led 71-47 at halftime.

Milwaukee outrebounded Oklahoma City, 67-36.

The Bucks made a season-high 21 3-pointers. The Thunder were 6 for 35 on 3-pointers.

Giannis Antetokounmpo shrugs off James Harden dig: ‘I’m just trying to do my job’

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There is some meat to the James Harden/Giannis Antetokounmpo beef.

Harden was pissed Antetokounmpo won Most Valuable Player over him last year and vented about it. When it came to this year’s All-Star Game, captian Antetokounmpo drafted Kemba Walker over Harden while joking he wanted someone who’d pass. After his team lost the All-Star Game, Antetokounmpo said his team’s strategy was to get the ball to whomever Harden was guarding and attack.

Harden ramped up the skirmish of words Friday when speaking to Rachel Nichols of ESPN, saying:

“I wish I could just run, run and was 7-feet and run and just dunk. That takes no skill at all. I’ve got to actually learn how to play basketball and how to have skill.”

Antetokounmpo decided to let it die when ESPN asked pregame about what Harden said.

“I’m not the type of guy to take stabs at somebody. … I’m just trying to do my job which is win games and go back home to my family. At the end of the day, if that’s what he believes that’s what he believes. I can’t say anything about it. I’ve just got to keep being focused.”

If you’re circling dates on your calendar, March 25 is what you’re looking for, the day the Bucks host the Rockets.

Harden should believe he is the best player in the game — you don’t get to be where he is without that level of confidence. Antetokounmpo should believe the same thing about himself. We could say the same things about LeBron James, Luka Doncic, and a host of others. It’s part of what makes them great, and not a surprise.

If the MVP thing is eating at Harden he might not like this season’s outcome any better. While I haven’t done a poll, most voters I’ve spoken to have The Beard third behind Antetokounmpo and LeBron James. There’s still more than six weeks of basketball before votes are cast — and the Rockets as a team are surging — but right now, the Greek Freak looks like a repeat winner from what I am hearing.

Rockets protested game despite Tilman Fertitta’s dissent

Rockets owner Tilman Fertitta
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Rockets owner Tilman Fertitta talks big about his devotion to winning.

But when Houston had a chance to turn a loss into a victory by protesting due to an uncounted James Harden dunk, Fertitta balked.

Fertitta, via Kirk Bohls of Statesman:

“That’s my basketball people who got mad at ’em. Honestly, I don’t think we should have filed the protest because honestly we blew the 22-point lead. But if something is important to my players and basketball ops people, I give them a lot of leeway.”

I wonder whether Fertitta would have publicly shared his stance if the protest succeeded. I also wonder whether how supported Fertitta’s basketball employees feel considering he’s publicly revealing that he wasn’t on their side.

But this is actually one of the more encouraging stories of Fertitta’s ownership. He allowed room for debate. He listened to the other side. He posted the $10,000 protest fee.

It didn’t pay off this time, but that’s how good owners operate.

As expected, Rockets sign veteran Jeff Green for remainder of season

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Before they committed fully, Houston signed free agent Jeff Green to a 10-day contract. They just wanted to make sure the veteran forward was a fit in their small-ball system.

It turns out, he was a perfect fit.

Through four games, playing a little more than 19 minutes a game, Green averaged 9.8 points a game on a ridiculous 89.6 true shooting percentage. That’s not sustainable (he’s shooting 61.5 percent from three), but it was enough for the Rockets to sign Green for the remainder of the season, something the team announced Friday.

Green, at 6’8″, played on the wing most of his career. However, with the Rockets he backs up P.J. Tucker at center.

Green started the season a member of the Utah Jazz, but the fit there was not as clean. While he averaged 7.7 points per game in 30 appearances, the Jazz ultimately waived him to create a roster spot for Rayjon Tucker.

This contract only runs through the end of this season, but the Rockets could re-sign Green for next season, if the sides agree this summer. For now, the focus is on the Rockets’ hot streak and building on that as the league moves toward the postseason.