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.

PBT Podcast: The NBA is back! Breaking down the restart format.

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The NBA is back!

Or will be in July, at least, when 22 teams report to Orlando to play in a format that will see eight “seeding” games followed by potential play-in games for the eighth seed. After that, it’s a regular playoffs — no 1-16 seed but still East and West — with seven-game series each round.

Kurt Helin and Dan Feldman from NBC Sports, along with our friend Keith Smith — who lives in Orlando near the Disney property and has been all over this story from the start — break down the format and whether this is a format that provides enough safety to the players and staffs in Orlando.

As always, you can check out the podcast below, listen and subscribe via iTunes at ApplePodcasts.com/PBTonNBC, subscribe via the fantastic Stitcher app, check us out on Google play, or check out the NBC Sports Podcast homepage and archive at Art19.

We want your questions for future podcasts, and your comments, so please email us at PBTpodcast@gmail.com.

Adam Silver: Older coaches may not be on bench in Orlando “in order to protect them”

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Gregg Popovich is 71. Mike D’Antoni is 68. Alvin Gentry just turned 65.

People 65 and older have proven particularly vulnerable to the coronavirus. The Center for Disease Control says 80% of COVID-19 deaths in the United States are people 65 and older.

As the NBA heads to the Walt Disney World resort complex in Orlando to resume the season, NBA Commissioner Adam Silver expressed concern for some of the league’s older coaches during an interview on TNT.

“There are people involved in this league, particularly coaches, who are obviously older people…” Silver said. “We’re going to have to work through protocols, for example, and it may be certain coaches may not able to be the bench coach. They may have to maintain social distancing protocols, and maybe they can be in the front of a room, a locker room… with a whiteboard, but when it comes to actual play we’re not going to want that that close to players in order to protect them.”

You can guess how that went over with D’Antoni and Gentry (and, likely, Popovich).

Pretty quickly, Silver was walking his statement back. Dallas coach Rick Carlisle, president of the NBA Coach’s Association, was quickly on the phone with Silver.

The league may want to take coaches who are members of vulnerable populations and find a way to add layers of protection for them, but keeping them from coaching their teams would be an incredibly tough sell to everyone around the league.

NCAA sets August deadline for early draft entrants to withdraw

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ASSOCIATED PRESS — The NCAA has set a new schedule for early entrants to the NBA draft to withdraw and return to school.

The NCAA announced Thursday that it would give players until 10 days after the NBA scouting combine or Aug. 3, whichever comes earlier. This comes three weeks after the NCAA postponed its deadline, which was originally scheduled to fall on Wednesday.

That June 3 deadline was set to come 10 days after the completion of the combine, but the NBA postponed the combine amid the coronavirus pandemic and has yet to announce a new date.

The NBA has announced the date of the 2020 NBA Draft Lottery, now set for August 25. Traditionally the NBA Draft Combine would follow a few days after that, although there has been no official announcement.

The NCAA’s date will force players to decide whether or not to stay in the draft before the combine takes place, or even before many have found out if they are invited. Some players who might otherwise have returned to school now likely will keep their name in the draft, only to not get a combine invite.

In a statement, the NCAA said the Division I Men’s Basketball Oversight Committee worked with the National Association of Basketball Coaches on the new timeline and “believes this is the most equitable alternative available in these unprecedented circumstances.”

“This provides the utmost flexibility to student-athletes testing the waters to make the most informed decision about their future during this uncertain time,” NCAA Senior Vice President for Basketball Dan Gavitt said in the statement.

 

More details leak on NBA return format in Orlando, here’s a timeline breakdown

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The NBA is back.

Or will be. Soonish. Thursday the NBA owners approved a restart plan featuring 22 teams, with training camps opening in late June and games starting July 31.

What exactly will all that look like? What are the timelines, and how many games a day? Here’s a breakdown of what we know, with the latest details on format, plus some of the things we don’t yet know.

• June 15: International players who returned home called back to team market

• June 21: All players report to their team markets for workouts.

• June 22: Coronavirus testing of players and staff starts. Once teams report to the Walt Disney World facility the league wants to have daily testing. What we don’t yet know is what form of the test the league will use. While many coronavirus tests are very accurate, some studies suggest a person has to have the disease for a few days before it shows up on a test, and there are false negatives. Which is why the league wants daily testing.

• June 30: Training camps begin at team practice facilities.

• July 7: Teams travel to Orlando, continue their team training camps at the ESPN Wide World of Sports complex there. The 22 teams invited are the Milwaukee Bucks, Toronto Raptors, Boston Celtics, Miami Heat, Indiana Pacers, Philadelphia 76ers, Brooklyn Nets, Orlando Magic and Washington Wizards from the Eastern Conference; and the Los Angeles Lakers, L.A. Clippers, Denver Nuggets, Utah Jazz, Oklahoma City Thunder, Houston Rockets, Dallas Mavericks, Memphis Grizzlies, Portland Trail Blazers, New Orleans Pelicans, Sacramento Kings, San Antonio Spurs and Phoenix Suns from the Western Conference. It’s the 16 teams in playoff position when play was suspended, plus the six teams within six games of the postseason.

We do not yet know many of the health and safety protocols players will go through both on arrival at the Walt Disney World resort and facilities, save for the fact the league is doing daily testing. We do know players can golf and eat at outdoor restaurants, so long as they follow social distancing guidelines.

• July 31: NBA “seeding games” begin (the league is not calling these regular-season games). Teams will play eight games stretched over 16 days, with 5-6 games a day (played in the style of Summer League, with games starting as early as noon and extending into the evening, alternating between courts). There will be a four-hour gap on each court between games to allow time for sanitization, and then full warmups by teams.

• After the regular season, if the ninth-seeded team is within four games of the eighth-seeded team, they will have a two-game play-in matchup for the final playoff spot. The nine seed has to beat the eight seed in both games to advance (the eight seed team just needs to win one of the two).

• A full, traditional NBA playoffs follows with seven-game series in each round. Games will be played every other day (no back-to-backs in the playoffs). This will not see the long breaks often associated with the first round of the NBA playoffs (and, obviously, no need for travel days).

• October 12: The latest date for the seventh game of the NBA Finals.

• October 15: The 2020 NBA Draft takes place.

• October 18: NBA free agency opens

• November 10: Training camps open.

• December 1: The 2020-21 NBA season tips off.

Those last four dates — everything in the offseason — could be pushed back, with the NBA possibly starting as late as Christmas. Players were reportedly caught off guard by the fast turnaround. The league and players still have a lot of financial negotiations to go through after the coronavirus fallout, and the start dates likely will be part of that.

There are still a lot of health and safety questions to be answered, but Adam Silver has the owners and players on board to try and make this work.