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.

76ers sound caught off guard about Markelle Fultz stepping away

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Markelle Fultz has played in all 17 of the 76ers’ games this season, starting until they traded for Jimmy Butler. A couple weeks ago, Fultz called himself generally healthy.

Then, Fultz’s agent, Raymond Brothers, informed the 76ers the guard wouldn’t play or practice until visiting a specialist Monday. Fultz will miss at least three games – against the Pelicans, Cavaliers and Nets.

76ers coach Brett Brown:

It’s kind of the first real sort of red-flag-type news.

This news about his shoulder, it did catch me off guard. But if it’s that real that he needs to go seek further consultation, then we support him. In my eyes, it’s not complicated. If that’s what it is, then we’ll support him.

76ers general manager Elton Brand:

We thought it was the regular bumps and bruises.

There’s nothing that we saw medically that didn’t allow him to play.

This yet another odd turn in a saga that already included plenty of contentiousness, animosity, rumors and cringe-worthy moments. At this point, it’s hard to be shocked by anything with Fultz.

It’s also hard to take the 76ers seriously when they suggest it seemed like business as usual. Fultz’s shot is disturbingly broken. There is clearly a problem. Maybe letting Fultz play without fretting over the issue was the right course, but how surprised can Philadelphia be that he took a more drastic measure?

Hopefully, the specialist helps Fultz identify and fix this issue.

Bulls’ Denzel Valentine likely to miss entire season

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Bulls wing Denzel Valentine has had a rough go of it.

A lottery pick two years ago, battled ankle injuries during his rookie year and underwent ankle surgery after the season. He stayed mostly healthy last year, but his season still ended early for knee surgery. Then, over the summer, he got torched in the Drew League by Frank “Nitty” Session, who questioned how Valentine was in the NBA:

And now…

Mark Strotman of NBC Sports Chicago:

Denzel Valentine was originally expected to miss one to two weeks after suffering a sprained ankle on the second day of training camp. One setback led to another, and on Monday the Bulls announced that the third year guard will undergo surgical reconstruction on that left ankle. He’ll miss four to six months, the team announced, effectively ending his season.

The long end of that timeline will keep Valentine sidelined the entire season. The short end would allow him to return late in the year, but with Chicago so dismal, there’s little incentive to rush him back.

Valentine is under contract next season, the final year of his rookie-scale deal. He might need to prove himself to make Nitty’s question still relevant.

Report: J.R. Smith and Cavaliers separating as they seek trade

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DETROIT – Yesterday – yesterday! – J.R. Smith explained why he didn’t leave the Cavaliers when, a few weeks ago, they pulled him from the rotation and gave him the offer to step away.

“I can’t do that to the city and the fans,” Smith said. “A lot of people have been backing me since I’ve been here. I feel like it’s been a new start since I came here. The way the fans embraced me, the way that I’ve embraced the city, my teammates, I can’t do that to them.”

But Smith also said Cleveland is tanking and reaffirmed his desire to be traded. That probably set wheels in motion.

Joe Vardon of The Athletic:

Smith – who’s guaranteed $18.59 million on a contract that will surely end after this season – carries negative trade value. The Cavs shouldn’t attach the sweetener necessary to dump him. They’re better off just paying him for now.

Because just $3.87 million of his $15.68 million salary for next season is guaranteed, Smith’s contract could prove useful in a trade.

If Smith would reduce his guarantee with a buyout, let him go. But Smith probably shouldn’t do that without a new job lined up.

So, the stalemate continues.

If everyone is happier apart, all the better. Smith wasn’t making a difference on the court for a team he correctly identified as tanking.

Report: ‘At the direction of his attorney,’ 76ers G Markelle Fultz to stop playing and practicing, see specialist

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Markelle Fultz said his shooting problems were due to injury, and just a couple weeks ago, he insisted he was generally healthy.

But something is clearly amiss.

The 76ers guard finally appears to be acknowledging it.

David Aldridge of The Athletic:

Should we read into Brothers – usually identified as Fultz’s agent – being referred to as Fultz’s attorney? That sounds ominous.

There has been back-and-forth between Fultz’s and the 76ers about who deserves blame for his struggles.