Sources: Sacramento Kings to Seattle not a done deal just yet

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The ongoing joke about the Maloofs in league circles is that they can get the girl’s phone number, but they can’t close the deal.

After Adrian Wojnarowski’s report that the Maloofs are close to finalizing a $500 million deal with Seattle billionaire Chris Hansen, closing a deal shouldn’t be a problem this time, but there are plenty of reasons to not call it a “done deal” just yet.

Wojnarowski said as much when he tweeted “No agreement signed, but one source describes deal as “1st and goal at 1.” Maloofs history of changing course late still makes many uneasy.”

Indeed, sources close to the situation told PBT that there are still many hurdles for this deal to overcome, and that Sacramento still has willing, reputable buyers ready to meet or beat Hansen’s offer in order to keep the franchise in town.

Indeed, as reported here numerous times, Hansen would have to drastically overpay in order to outdo the Sacramento ownership groups, because Sac owners don’t have to account for a relocation fee, a city loan back to Sacramento, and the hard costs of moving. Sources say that this will total a minimum of $125 million, and should the NBA decide they want to levy a higher relocation fee to even out the playing field that number could increase.

This means that if the Maloofs sell to Hansen for $500 million, that in reality they are getting much, much less. In Sacramento, this means that it’s time for their local buyers to step up with their offers, and make the same effort the city made in the spring of 2011 when the Maloofs had most believing the team would move to Anaheim.

An offer of $425-$450 million dollars would start to put more money in the Maloofs’ pockets than the Seattle offer does, and that’s where the next step in this relocation debacle lies.

If there is any silver lining to today’s events for Kings fans and Sacramento, the Maloofs should be willing to entertain a bidding war, unless it is out of pure spite and indifference to any league reaction opposing such actions.

There are other hurdles for the deal to clear, including an up-or-down vote from the Board of Governors after a recommendation by the league’s relocation committee, headed up by none other than Clay Bennett. Bennett saw firsthand the difference in how the Seattle politicians turned their back on the Sonics when he arrived, independent of his and the league’s mishandling of that situation, and he has been extremely impressed with Sacramento’s efforts to keep their team.

However, David Stern has said he would try expedite any sale that moves a team to Seattle.

Hansen and the Maloofs will need to convince Bennett and the other 29 owners that torching the No. 20 Sacramento market, along with all of the negative attention the league’s relocation behavior will receive, will be worth the incremental benefit of going to a somewhat larger market with a handful of professional sports teams.

There are plenty of benefits to being in Seattle, and Hansen is the type of owner that they want. He and his group are about to throw nearly a billion dollars to obtain a franchise that Forbes valued at $300 million. And there is some sentiment that Seattle needs to be indemnified for what happened to them, though most sane people would say that two wrongs don’t make a right.

In Sacramento, this is the ultimate show us your hand moment. Look for mayor Kevin Johnson and his people to respond soon, and as we know with the Maloofs if there is anybody that can’t close a deal – it is them.

UPDATE: CBS 13’s Stephen Large reports that the Maloofs have rejected Hansen’s $500 million offer, and mayor Johnson has tweeted his previously successful message of “It’s not over.” This now has the look of a bidding war, and we’re likely in the end game with two cities being dragged through the mud at the same time.

UPDATE II: The Sacramento Bee’s Ryan Lillis tweeted “Talks related to #NBAKings sale have been ‘conceptual,’ source tells The Bee. Reports sale is done are premature.” Buckle up folks, this story has already hit ludicrous speed in just about every way imaginable.

Report: Hornets’ Michael Kidd-Gilchrist opting in for $13 million

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The Hornets’ last hope for super-maxing out Kemba Walker and avoiding the luxury tax without trading or stretching anyone has been extinguished.

With Michael Kidd-Gilchrist‘s $13 million salary locked in for next season, Charlotte faces hard choices.

Shams Charania of The Athletic:

If the Hornets re-sign Walker to the super-max, sign their draft picks (Nos. 12, 36 and 52) and add no other free agents, they’d project to be about $9 million over the tax line.

Would Walker take that large of a discount? That $9 million below the super-max would be for just next season. Over a five-year contract with max raises, he’d be leaving about $54 million on the table. And that’s all to maintain a lottery team that’s not really upgrading.

Would Michael Jordan pay the tax? He never has, and I doubt this mediocre team sways him.

The most likely outcome if Walker re-signs: Charlotte trades an undesirable contract – Kidd-Gilchrist’s, Nicolas Batum‘s, Marvin Williams‘, Cody Zeller‘s) – or stretches Bismack Biyombo. Trading those rotation players would probably require a sweetener. Stretching Biyombo would create a cap hit through 2022.

So, the Hornets get even more depleted in the long-term, maybe also the short-term.

That’s the cost of overpaying so many players – including Kidd-Gilchrist, who plays hard and defends well but hasn’t developed enough of an offensive game.

Report: After working out Darius Garland, Knicks set on R.J. Barrett with No. 3 pick

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R.J. Barrett is the consensus No. 3 prospect in this draft. The Knicks have the No. 3 pick.

A potential snag  – New York working out Vanderbilt point guard Darius Garland today – apparently won’t keep Barrett from his desired Knicks.

Adrian Wojnarowski of ESPN:

The top of the draft looks clear:

1. Pelicans: Zion Williamson

2. Grizzlies: Ja Morant

3. Knicks: R.J. Barrett

New Orleans has the No. 4 pick but is looking into trading it. I rate Garland as the top available prospect, but the Pelicans already have Lonzo Ball and Jrue Holiday in the backcourt. They could still take Garland, but the fit would be tricky.

Will New Orleans pick Garland? Take someone else? Trade the pick?

The draft will get interesting at No. 4.

Trade who? Wizards reportedly will offer Bradley Beal three-year, $111 million contract extension

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Predicting what the Wizards will do this off-season — from the No. 9 pick in the draft on Thursday through what to do with Jabari Parker‘s $20 million team option — is difficult because they do not have a permanent general manager. The Wizards have made a run at Toronto’s Masai Ujiri (something sources told me is true despite owner Ted Leonsis’ denials), but for now in-house candidate Tommy Sheppard is running the show (and will for a while longer).

The biggest question: What will the Wizards do with Bradley Beal?

While every team in the league has called to try and feel out trade possibilities, the Wizards are leaning toward offering him a three-year, $111 million extension to his current contract, something reported by Adrian Wojnarowski of ESPN.

“He’s eligible for a three-year, $111 million extension. I’m told it’s the team’s intention to offer that up to him and try and move forward.”

The Wizards should offer it up.

It would be a surprise if Beal accepted it.

In part because he will want to see who is in charge and what direction this person takes the franchise before he commits to it, but also in part because it doesn’t hurt him financially. Beal can get a larger-year four-year extension in the summer of 2020, or become a free agent and sign a max five-year contract in 2021 (or, he could bolt them to another team that summer). Beal is just 25 years old and has not had the kind of injury issues that would make him think he needs to take the security now (he has played 82 games the last two seasons).

This little dance will go on in our nation’s capital, but it signifies nothing. Meanwhile, Beal will gear up for next season, another without John Wall where Beal will once again be the focal point of the office.

Mavericks reportedly front runners to land Al Horford, Lakers and Clippers also interested

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Al Horford is moving on from Boston, the latest blow in a year where the Celtics went from “they will be in the Eastern Conference Finals every year for the next five years at least” to “they’re okay but have a lot of work to do.” It’s been a perfect storm of things gone wrong.

So where does Al Horford play next season?

How about next to Kristaps Porzingis in Dallas?

That’s the buzz, with the two Los Angeles teams trying to get in the conversation, according to Kevin O’Connor of The Ringer.

The Mavericks are considered favorites to land Celtics free-agent big man Al Horford, according to league sources, and the two Los Angeles teams are said to also have interest, though they both have their sights set on bigger fish like Kawhi Leonard.

Dallas makes sense for both sides.

The Mavericks have the cap space to offer Horford the $20 million or more starting salary he wants, reportedly he seeks $100 million across four years (he opted out of a $30.5 million season in Boston for the security of more years). Dallas has $31.3 million in cap space, even after Dwight Powell opting in. While they likely will reach a max deal on a new contract with Porzingis, the Mavs have his bird rights so they can sign Horford then go over the cap to re-sign Porzingis (who missed all of last season recovering from an ACL injury).

On the court, Horford can both be paired with Porzingis — two bigs teams have to defend out to the three-point line — and help limit the young big man’s minutes. While not young at 33 (and the Mavs may regret the final year of a four-year contract), Horford is the kind of glue big man who can do everything well, giving coach Rick Carlisle a lot of options. Horford can score in the post, shot 36 percent from three, sets good screens, is a good man defender and can protect the rim, and all that versatility makes him valuable. He can fit into the Dallas frontcourt rotation with Porzingis, Dwight Powell, and Maxi Kleber.

That versatility would make him a great second addition to the Clippers if Kawhi Leonard chooses to leave the Raptors to join Doc Rivers’ squad (he Leonard stays the Clippers are out of this running). While Los Angeles start Ivica Zubac at the five, Horford would be an upgrade and they still have Montrezl Harrell off the bench. Horford also could mix in at the four for the Clippers.

For the Lakers, who are looking for a third star, they could sigh Horford at a $20 million starting salary (with raises from there) without having to go through the salary cap gymnastics it would take for them to clear cap space to land someone like Jimmy Butler or Kemba Walker.

Horford has fans all over the league and will have options, but Dallas is aggressive and there is a logical fit there.