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.

James Harden buys piece of MLS Houston Dynamo

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NBA players being minority owners in a soccer team is not new, LeBron James owns a small piece of Champions’ League winner Liverpool, for example.

James Harden is keeping it closer to home — he bought a share of the Dynamo, Houston’s MLS franchise.

“I’m very excited about the opportunity to join the ownership group of the Houston Dynamo and Houston Dash and proud to be a part of a club with tremendous history and a great future,” Harden said in a statement. “Houston is my home now, and I saw this as a way to invest in my city and expand my business interests at the same time. Soccer in general, and especially MLS, have exploded in this country throughout my lifetime. I’ve been a fan of the game for several years, and I know that Houston has a massive soccer fanbase, so it was an easy decision for me when this opportunity arose.”

Harden reportedly purchased a five percent stake in the team.

The Dynamo — a former MLS cup champion and a franchise that has consistently been strong — is primarily owned by Gabriel Brener, and it has boxing legend Oscar De La Hoya as one of its minority owners.

Harden has earned more than $141 million in NBA salary in his 10 NBA seasons and has four years left on the $228 million contract extension he signed with the team in 2017. In addition, he has a large shoe contract with Adidas and other endorsements.

Report: R.C. Buford moving on from Spurs GM role, Brian Wright taking over

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For 15 years, through championships and an unparalleled run of playoff berths and success, R.C. Buford and Gregg Popovich seemed to work as one brain. Popovich was the coach but also team president, Buford the GM, and together they built an NBA powerhouse.

Buford is moving on from that role. Or, more precisely moving up into a new management role, and assistant GM Brian Wright is taking over as GM, reports Jabari Young of The Athletic.

After a little more than 15 years serving as GM, Buford is getting prepared to bequeath the role to assistant GM Brian Wright, league sources have confirmed to The Athletic. Wright will report directly to Buford, who will officially get a new title that some around the NBA believe will be a role helping to oversee Spurs Sports & Entertainment.

When the Spurs initially hired Wright in 2016, he stayed behind the scenes and focused mainly on scouting. But sources have informed The Athletic over the last year Wright has been more involved, even fielding calls and packages for the trade of Kawhi Leonard the previous summer.

Wright came to the Spurs from the Pistons a couple of years ago. That said, don’t expect a big change in how things are done in the Spurs front office. For one thing, Popovich is still there. Also, Wright has an excellent reputation around the league as being smart and a straight shooter. On top of all of that, Buford will remain his ultimate boss, although Buford’s role will change into one of more of a business manager for Spurs Sports & Entertainment.

Young hints there could be more changes coming. Obviously, the biggest would be when Popovich decides to step back in his dual roles as coach and president, but there could be shifts in the assistant GM ranks as well.

Just don’t expect the Spurs to stop being the Spurs.

Exclusive video preview: Dwyane Wade joins America’s Got Talent as guest judge

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Dwyane Wade is retired. He’s got some time on his hands.

But if he wants to spend quality time this summer with his wife, Gabrielle Union, he’s got to get on the set of America’s Got Talent, because she is a judge on the hit show. So, Wade did exactly that and steps in this week as a guest judge.

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In the video at the top of this page, you can see an exclusive of Wade and the rest of the AGT crew watching and judging an insane danger act out of India, a sneak preview of the show airing on NBC this Tuesday night (8 p.m.).

Wade knows talent on the court, but we’re going to see what talents impress him on the stage.

Kings hire WNBA’s Lindsey Harding as assistant coach

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SACRAMENTO, Calif. (AP) — The Sacramento Kings have hired former WNBA player Lindsey Harding as an assistant and player development coach on Luke Walton’s staff.

The team also hired Stacey Augmon and Rico Hines on Friday.

Harding played nine years in the WNBA before working as a pro personnel scout and then player development coach for the Philadelphia 76ers.

She becomes the latest woman to serve as a coach in the NBA, joining others like Boston’s Kara Lawson, San Antonio’s Becky Hammon, Dallas’ Jenny Boucek and Cleveland’s Lindsay Gottlieb.

The Kings have a history of hiring female coaches, notably Nancy Lieberman and Boucek.