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.

Timberwolves president Tom Thibodeau on Derrick Rose: ‘As long as he’s healthy, he’ll be one of the best players in the league’

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Timberwolves guard Derrick Rose has already played two games better than he had all of last season. He scored 12 points with eight assists and no turnovers in a win over the Cavaliers on Friday then posted 28-5-5-2 against the Mavericks on Saturday.

But let’s not overreact to such a small –

Jace Frederick of the Pioneer Press:

If Tom Thibodeau is referring to a level of health Rose hasn’t had in several years and will never have again, that’s fine. Rose won MVP while healthy.

But if Thibodeau means just available to play without a limp, wow. His love of former Bulls extends even further than we realized.

Rose could help Minnesota in a limited role. He started to find a groove late last season, and he’s obviously starting strong this year. But this type of praise only prompts mocking.

Bulls sign Shaquille Harrison, waive Omer Asik

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Kris Dunn, the Bulls’ clear top point guard, has yet to play this season due the birth of his child. Even when he returns, Chicago’s other point guards – Cameron Payne, Ryan Arcidiacono, Tyler Ulis – are uninspiring, even as backups.

So, the Bulls added Shaquille Harrison, whom the Suns waived after agreeing to sign Jamal Crawford.

Bulls release:

The Chicago Bulls have signed guard Shaquille Harrison.

In a preceding move, the Bulls waived center Omer Asik.

Harrison is a nice pickup, one of the better free agents available and someone who plays a position of need. The Bulls could use several swings at finding long-term point guards, and the 25-year-old Harrison is a potential fit.

Waiving Asik is an interesting move. Asik was injured, and this could end the 32-year-old’s career. But Chicago loses the ability to trade his contract. Just $3 million of Asik’s $11,977,527 2019-20 salary was guaranteed, which could have been useful in a salary-accepting trade.

Instead, Asik will count $11,286,516 against the cap this season and $3 million after that. The Bulls can either pay the entire $3 million next season or stretch it to $1 million each of the next three seasons. Stretching the money would indicate Chicago still plants to be aggressive in free agency next summer. Paying all it once would suggest a more patient rebuild.

Report: Darius Bazley, who’s sitting out awaiting draft, receives $1 million guaranteed on shoe contract

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Negotiations on lowering the NBA’s age limit have stalled, though there’s plenty of time to negotiate before the targeted allowance of high school players declaring for the draft in 2022.

In the meantime, the NBA’s minor league will soon offer $125,000 salaries to 18-year-olds – up from the standard G League salary of $35,000. Will players sign those Select Contracts rather than playing college basketball, which comes with cartel-limited compensation?

Darius Bazley – who committed to Syracuse, planned to play in the NBA’s minor league then decided to sit out the upcoming season – could provide an illuminating test case. Represented by Rich Paul, Bazley signed an endorsement deal with New Balance.

Marc Stein of The New York Times:

According to Paul, Bazley’s multiyear deal will pay him $1 million “no matter what happens” with his N.B.A. career — and can pay up to $14 million if he reaches all performance incentives.

That dwarfs even the increased minor-league salary. Bazley can receive that endorsement money because he no longer cares about preserving college eligibility. The same would apply to Select Contract players.

But the shoe company would become the primary employer. If the shoe company decides playing in the NBA’s minor-league for $125,000 offers the best return on investment, that’s what the player will do. If the shoe company decides the player is better off doing something else, the player will do that.

Bazley ranked just No. 17 in his class, per the 247 composite. He projects as a late first-rounder once draft-eligible next year. The money gets even bigger with more highly touted prospects.

College basketball remains the place that offers them the most exposure, and shoe companies might continue to funnel players there with under-the-table payments. That was no longer an option with Bazley, but this ought to serve as a reminder of who drives the money for elite 18-year-old players. It isn’t the G League.

Gary Harris can’t contain smirk after getting away with fouling Kevin Durant

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Gary Harris hit Kevin Durant‘s arm during the Nuggets’ 100-98 win over the Warriors yesterday. Except officials didn’t call a foul. They did call a technical foul on Durant for arguing about it, though.

Meanwhile, Harris made this fantastic face:

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When you hit your brother and your mom yells at him.