Bruski: Sacramento lines up offers in effort to keep Kings

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It has been a whirlwind of a week for Kings fans and the Sacramento Kings relocation story in general.

We reported first in this saga that ‘Kings to Seattle’ was not a done deal, as sources close to negotiations told us there were many hurdles for the deal to clear, and that Sacramento had multiple, qualified buyers that could either meet or beat Chris Hansen’s offer.

This has played out over the last 24 hours as multiple buyer groups have stepped up in Sacramento to buy the Kings, including a group that is connected to Ron Burkle.

In terms of the math and money, as we reported in September the reason Sacramento has a shot against top-tier owner prospects such as Seattle’s Hansen and billionaire deluxe Steve Ballmer is that they don’t have to pay as much for the team.

Anybody moving the team will have to account for at least $100 million in unpaid loans to Sacramento (~$75 million) and relocation fees (~$30 million), and this is a very low estimate. That number increases as you account for moving costs, and the fact that the relocation fee could be more than $30 million. We’re reporting that this number could go as high as $300 million if the league really wants to flex its muscles in getting what it wants.

Our report Thursday estimated a $425-450 million price tag for Sacramento to hit in order to start outperforming Seattle’s offer. Sam Amick of USA Today was able to confirm with Sacramento mayor Kevin Johnson at his charity event that this was indeed the city’s initial target, and also that the mayor would be approaching David Stern to speak at the NBA’s Board of Governors meeting.

In a moment of levity at that charity event, attendee LeBron James was asked by Johnson if he could buy the Kings and keep them in Sacramento and he responded with, “get me my check book.

LeBron isn’t going to have to reach far because Sacramento buyers have been making themselves known over the past 24 hours. Mark Mastrov, former CEO of 24 Hour Fitness and San Francisco investment firm JMA Ventures have thrown their hats in the ring.

JMA Ventures is proposing to buy the team and build a $400 million downtown arena where a downtown mall they recently purchased currently sits. CBS 13’s Steve Large reports that group includes Darius Anderson, who is the same man that connected mayor Johnson to Ron Burkle.

According to sources there are more interested buyers being filtered through the process, too. The Sacramento market is all-but rubber stamped with $200 million or more of public investment toward a new arena and has an extreme level of fan support. Being the No. 20 television market doesn’t hurt, but having no other sports teams to compete with is what puts it in the same category as a larger market like Seattle, which has the Seahawks, Mariners, and Sounders to steal entertainment dollars.

In Sacramento, all they have is the Kings.

Assuming Hansen and his group don’t want to start acting like the drunk guy at an auction, then the NBA is going to be choosing between two similar offers. The owners in Sacramento might not be Ballmer-rich, but Burkle was good enough to drop David Stern’s jaw and Mastrov finished second to Joe Lacob’s group in Golden State, ahead of Larry Ellison.

The NBA isn’t picking between steak and chopped liver, here.

But if for some reason they don’t let California’s capitol city have a shot here, and they allow the team to be moved to Seattle, then the NBA will be the ones left holding the Sacramento’s beating heart after the Maloofs rip it out of their convulsing chest.

Charles Barkley said it best on TNT:

“I’ve always like the Maloof brothers, but they’ve screwed this thing up royally. All these teams try to screw these cities, that’s what the deal is. I don’t think it’s right for all poor people to build these cities all these major stadiums year after year after year. Every ‘x’ amount of years, they screw the fans and the taxpayers and make them build them bigger stadiums and bigger stadiums and bigger stadiums. I think these owners are worth so much money … does a city benefit? Of course a city benefits. But this thing in all sports been screwing these fans for the last 30 years, moving from city to city. Because those people in Sacramento, those were some of the best fans in the world. They screwed Seattle because they wouldn’t give them a new arena, and those fans in Seattle were amazing. But this is all about the owners just being greedy and screwing these fans.”

We’ve reported the NBA’s billion dollar subsidy issue here for nearly two years now, as the league and its players have received over $3 billion in public funds for arenas since 1990.

This happens because the league and its owners pit cities against one another with threats of relocation if a city doesn’t pay up for an arena, but in the case of Sacramento they did everything they could and then some according to multiple league sources.

One league source with intimate knowledge of the situation called it “a model offer of public funds.”

The league is walking dangerously close to the line in which people get fed up and they start to lose those subsidies they love dearly. In Seattle, yes their own politicians screwed up and were culpable in the matter, but the league’s underhandedness and heartlessness was brought to life in the documentary Sonicsgate. It’s not pretty.

But unlike that story that was told after the fact, the saga in Sacramento is playing out in real-time. The NBA media is getting constant updates on their Twitter feed about the incompetent, despicable Maloof family and how they’re leaving the house in worse condition than they found it.

This twisted tale is filtering all the way down to the fans, and when Charles Barkley talks about the deplorable business tactics of the NBA on TNT the cat is out of the bag.

This isn’t just league insider talk anymore, it’s coffee talk.

If the Kings leave Sacramento, it will transcend sport. The story of Sacramento Kings fans, arena workers, and the like will make the morning talk show rounds, ultimately culminating in a national discussion about the role of public money in professional sports.

Seattle — a victim of the system – is excited that their Sonics might be coming home, but the mere exercise of having to replace the team that was stolen from them is a trying experience.

And even if they can secure an NBA team, some Sonics fans are having trouble with their own moral relativism.

For years they’ve railed on the NBA for stealing their team and now they’re trying to steal Sacramento’s team. They’re slowly understanding what it means to have that blood on their hands, and many Seattleites are already speaking out saying the juice isn’t worth the squeeze – especially when they know they stand a very good chance of getting a team down the road under more moral circumstances.

Unlike the Oklahoma City fans that can point at Seattle’s politicians and argue that they slept on the job – Seattle fans have no such target.  Kevin Johnson has moved mountains to keep this team while the Maloof family can’t get out of their own way.

Besides wanting to move the team since they purchased it and ruining every arena deal the city tried to create in good faith, the Maloofs sold profitable businesses to build a pipe dream casino a mile off the strip in Vegas and it led to their downfall.

Rather than atoning for their financial mistakes, the Maloofs have dragged the league through embarrassment after embarrassment through the years, all because they cannot afford to own an NBA team.

Every subsequent episode is their worst one and the shenanigans come with increasing frequency, as just Friday night a report surfaced that their Palms Casino was getting popped with a $1 million fine for a prostitution and cocaine ring (no word if the price of the Kings just went up).

This isn’t a case of Sacramento not deserving the team, or not having the wherewithal to keep the team, but rather a case of a Maloof family that makes Antoine Walker look like Warren Buffett.

Sacramento has been paying for this Maloofery for years, and nobody is comfortable with an indecent proposal leaving Kevin Johnson at the altar. Not Stern, not Seattle, and probably not Gavin and Joe Maloof — whose love of Sacramento has been trumped by brotherly grudges and family needs.

It’s against this twisted backdrop that sources close to the situation believe Sacramento has a chance, and some sources believe they are actually favored to keep their team. I happen to share that belief.

Once again it all comes back to the NBA. They can tell the Maloofs what to do here. If the offers between the cities are close, they can decline the move to Seattle and force the Maloofs to take them to court in an antitrust case if they don’t like it.  There, the league can show a laundry list of claims that show the Maloofs are putting the league’s subsidy industry at tremendous risk by selling to Hansen.

After all, what city or politician can sell their constituents on making a long-term investment in the NBA when Sacramento did everything a city could to protect their investment and got told to kick rocks.

Also in the NBA’s arsenal would be the aforementioned increased relocation fee up to $300 million, and if push comes to shove David Stern can remove the family from the league using the ‘best interest of the league’ clause.

Regardless of what some of their intermediaries might like you to think, the Maloofs aren’t going to wade too far into those waters.

With the family’s debt to the league upwards of $127 million and as high as $217 million by some reports, and their financial situation a total mess, they’re bringing a whoopee cushion to a gun fight if they want to go to court.  And if they do, they won’t have the law on their side unless Hansen can drastically overpay for the franchise, giving the Maloofs the argument that the league is costing them significant money by forcing them to sell to Sacramento.

Even then, the cash-strapped and beleaguered Maloofs would still have to win that battle in court.

Looking outside the courtroom and toward the league office, there has been a lot of talk about the wrongs that David Stern wants to ‘right’ in Seattle, and how he wants to remove that inscription from his tombstone.

You can’t cross out Seattle’s name and simply write in Sacramento’s and change your legacy.  We all learned in kindergarten that two wrongs don’t make a right.

But that’s not what’s really at stake here.

As usual it comes down to the money, and with all things equal in this case the threat of killing the public subsidy goose will be the tiebreaker.

With Kevin Johnson’s legitimate, comparable offer from more-than-reputable buyers in hand, the NBA will have to both look a gift horse in the mouth and sanction Sacramento’s open-heart surgery if they move the team to Seattle.

And if they do, it’s going to leave a mark. A $3 billion mark.

And unless you’re the Golden State Warriors that’s not good for business.

Report: Anthony Davis intends to receive full trade bonus

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The Lakers are reportedly on track to trade for Anthony Davis on July 6 – the date an important distinction in determining the Lakers’ cap space.

The other key question: Will Davis take his full $4,063,953 trade bonus?

The Pelicans will pay the bonus. It will count against the Lakers’ cap.

Especially considering Davis requested a trade, New Orleans could have pressed him to waive the trade bonus in order to accommodate him. Likewise, the Lakers – his desired team – could have made the deal contingent on Davis waiving the trade bonus.

Ramona Shelburne on ESPN:

My understanding is he doesn’t intend to waive that. He’s due the four million dollars, and he’s going to keep it. But again, as you just noted in that monologue, things can change.

If he takes the full bonus, Davis’ salary next season will increase from $27,093,018 to $31,156,971. And good for him. He earned the trade kicker in his contract.

This also supports agent Rich Paul’s contention that he puts Davis’ interests first while representing Davis, not catering to fellow client LeBron James. Because while the extra money is nice for Davis, this hurts LeBron’s Lakers.

The Lakers now project to have just $24 million in cap room. They can still get a helpful player or two, but $28 million would have gone further.

I wonder whether the Pelicans prefer to pay Davis’ bonus. Though a $4,063,953 check is nothing to sneeze at, tying up the Lakers’ cap space has value with New Orleans getting so many future draft picks from Los Angeles. Maybe the Pelicans have already made Davis getting his full bonus an essential aspect of this trade.

If not, the Lakers have a week before the Davis trade can become official to pitch free agents. Perhaps, if they line up certain free agents and show him the spending power of that extra money, Davis would waive all or some of his trade bonus.

But I wouldn’t blame him if he wants his money and puts the onus on the Lakers to build a strong team, anyway. That’d sounds a lot like another Paul client.

Kawhi Leonard leaving NBA-champion Raptors would be unlike anything we’ve ever seen

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Many Raptors fans hoped Kawhi Leonard would use yesterday’s championship parade to declare his plan to re-sign with Toronto.

They got a laugh and not much else.

But they can be heartened – or maybe eventually heartbroken –a by this: Stars almost never switched teams immediately following a title.

Before this year, there have been…

  • 49 Finals MVPs who won a championship. None switched teams that offseason.
  • 147 All-Stars who won a championship. None switched teams that offseason.
  • 124 All-NBA players who won a championship. Only one switched teams that offseason.

In 1998, Scottie Pippen got signed-and-traded from the Bulls to the Rockets. He was neither an All-Star nor Finals MVP that year, but he made the All-NBA third team. After leaving Chicago, he never achieved any of those accolades.

Leonard checked all three boxes this season – Finals MVP, All-NBA, All-Star. He looks poised to take over as the NBA’s best player for the next few several years.

It’d be unprecedented for someone like him to bolt.

The most productive player to leave a championship team immediately after winning a title? It might be Tyson Chandler, who posted 9.4 win shares for the 2011 Mavericks then got signed-and-traded to the Knicks.

Even while missing 22 games amid load management and minor injury, Leonard posted 9.5 win shares last season.

Here’s how Leonard compares to the players with the most win shares in a title-winning season who began play elsewhere the following year:

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Of course, Leonard isn’t bound by history. He’ll make his own decision. If he wants to leave the Raptors for the Clippers, Knicks or anyone else, he can.

But players just usually stick with a champion. LeBron James said he might have re-signed with the Heat if they won the 2014 title. Kyrie Irving was unhappy after the Cavaliers’ 2016 championship but didn’t request a trade until they lost in the 2017 NBA Finals. Shaq and Kobe coexisted peacefully enough until the Lakers stopped winning titles.

It’s just hard to leave a team that has proven its ability to win a championship, and Leonard would have that in Toronto.

Report: Al Horford opting out with Celtics

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Celtics president Danny Ainge called restructuring Al Horford‘s contract status – which would involve the center declining his $30,123,015 player option then re-signing for a lower starting salary but more total compensation in a multi-year deal – a priority.

This is either a step toward that or a step toward Boston, with Kyrie Irving seemingly exiting, losing multiple stars this summer.

Adrian Wojnarowski of ESPN:

If they renounce all their free agents, the Celtics would project to have about $32 million in cap space. That’d be about enough for a max player with fewer than 10 years experience, and Boston would get the room exception (projected to be about $5 million)

Or the Celtics could use Bird Rights to re-sign Horford, Terry Rozier and Marcus Morris. That route would come with a mid-level exception, either the non-taxpayer (projected to be about $9 million) or taxpayer (projected to be about $6 million).

Horford could determine Boston’s path. If the 33-year-old wants to re-sign, that’d probably consume most of the Celtics’ cap space. If he sees Irving leaving and wants to chase a title elsewhere, Boston could reset around Jayson Tatum, Jaylen Brown and three first-round picks in Thursday’s draft.

The Celtics could bring back Rozier, who’ll be a restricted free agent, in either scenario. But if Horford departs, that’d at least open the door to pursue an outside point guard – like D'Angelo Russell or Malcolm Brogdon – to replace Irving.

Report: Kyrie Irving has ‘ghosted’ Celtics as free agency approaches

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The emerging expectation: Kyrie Irving will sign with the Nets in free agency.

Many thought the Celtics had a chance of changing his mind by trading for Anthony Davis. But Boston didn’t deal for the star center.

There’s little reason to believe Irving will re-sign with the Celtics now.

Adam Himmelsbach of The Boston Globe:

The strangest part of the Irving situation right now is that it appears he has essentially ghosted on the Celtics. The people within the organization I have spoken with have made it clear that they have had little, if any, communication with Irving in recent weeks.

Irving is the prize. He’s not interviewing for jobs. Employers are chasing him. By becoming one of the best basketball players in the world, Irving has earned the power to act however he wants in this situation.

The season is over. If Irving wants space, he’s entitled to it.

Maybe it’s because he’s being a jerk. Maybe it’s because telling Boston he wants to leave isn’t an easy message to deliver.

Either way, Irving can proceed as he sees fit. The Celtics will still offer him a max contract if he wants to stay.

This is the same tact he reportedly took on his way out of Cleveland. So, it’s believable he’s behaving this way again.

But we’ve also repeatedly seen players smeared on their way out the door. Whether or not it’s accurate, this report will reflect poorly on Irving in many circles. So, in light of recent history, have at least a little skepticism for this depiction of Irving.