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.

NBA in London: Wizards vs Knicks in January

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LONDON (AP) — The NBA will return to London next year with a regular-season game between the Washington Wizards and the New York Knicks.

Tickets for the Jan. 17 game at the O2 Arena will go on sale in the fall.

It will be the NBA’s ninth regular-season game in London, all sellouts. The Knicks have played there twice, facing the Detroit Pistons in 2013 and the Milwaukee Bucks in 2015. This will be the first game in London for the Wizards.

International players on the rosters include Wizards center Marcin Gortat of Poland, Knicks forward Kristaps Porzingis of Latvia and Knicks point guard Frank Ntilikina, who was born in Belgium to Rwandan parents and grew up in France.

The game will be shown by the NBA’s broadcast partners across Europe, the Middle East and Africa and on NBA League Pass International.

 

Adam Silver of some fans’ distaste for Warriors: “I get it” but adds team drafted well

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As the Warriors were sweeping past the Cleveland Cavaliers in the finals, the lack of competitiveness of that series became a talking point. LeBron James, for all his greatness (especially before punching that whiteboard, which was asking for it) could not get this team a win. Superteams like the Warriors are not good for the NBA, the league needs more competitiveness, the argument goes.

Adam Silver feels your pain.

To a degree. He said he gets concerns, but added that the NBA has always been a league of dynasties, and that while Kevin Durant was a free agent the Warriors drafted Stephen Curry, Klay Thompson, and Draymond Green. Silver was on ESPN radio’s Golic and Wingo show Wednesday and said this:

“I get it in terms of Kevin Durant going [to the Warriors in 2016]. It was a bit of an aberration in our system; we had a spike in our cap, it enabled them to have additional cap room. The Warriors will tell you they would have figured out a way to get it done anyway,” he said….

“I’ve said repeatedly, let’s also celebrate excellence. Ownership, the job Bob Myers has done as a GM, Steve Kerr, of course, one of the great coaches in our league. Steph Curry, drafted; Klay Thompson, drafted; Draymond Green drafted 35th by Golden State Warriors,” Silver said.

Silver said the NBA doesn’t “want to go about breaking up teams just to break them up, just to force some sort of parity that is kind of unnatural,” but he said the league and its players can talk about changes to the player-movement system.

First, player movement is good for the league — why do you think the NBA offseason is so compelling? Shorter contracts, players willing to shift teams, it is why the NBA wins the offseason every year. Fans love it. Why would the league even consider cutting that off? Even small market owners are not that short-sighted.

In the interview, Silver then went on to mention a hard salary cap, something he brought up a few times speaking with the media at the NBA Finals. Silver works at the pleasure of the NBA owners, which suggests there is at least a faction of them that wants to go aggressively at a hard cap in the next Collective Bargaining Agreement. It would never get approved by the players (and the owners know that), but Silver and some owners enjoy rattling sabers.

It also would not bring parity to the NBA. It’s not the nature of the sport. If you draft/sign LeBron you are going to win more games than you lose because he is the best basketball player in the world and he gets to touch the ball 100 times a game and influence the outcome. The same is basically true of Kevin Durant and James Harden and Giannis Antetokounmpo and the games’ other handful of truly elite players. It’s as if the Nationals got to pitch Max Scherzer every night — they’d win a lot more games.

And stars have always paired up to win — Bill Russell and Cousy, Magic Johnson and Kareem Abdul-Jabbar (and James Worthy), Michael Jordan and Scotty Pippen, Shaq and Kobe. The NBA has always been about dynasties.

Behind Durant and the hard cap talk seems to be the real issue — owners and some fans don’t like players exercising power about where they play and who they play with. Owners who draft a player want to control his rights as long as they can, but players are not just the pawns of guys in suits in front offices anymore. They are working to control their own destiny. If Kawhi Leonard is not happy in San Antonio, he will force his way out to a place he wants to be — and take less money to do it. That is a change from the past. LeBron formed a super team in Miami (and could again this summer). Durant decided to join an organic one in Golden State. Chris Paul forced his way to play with Harden in Houston.

That dynamic is not going to change, either.

Mo Bamba really doesn’t want to go to Memphis

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It’s the time of year when agents try to influence what team drafts their client. Ultimately, the teams have the power here — if they want a player they can draft him and hold onto his rights until he agrees to play for them. (The only way out is for a player to sit out every level of basketball for a season, domestic and overseas, then re-enter the draft with a diminished status.)

That doesn’t stop agents from trying. The withhold medical information. They refuse to let their player workout for the team. Or, they just tell the team their player doesn’t want to be there. A number of players have done that with Sacramento.

Mohamed Bamba is doing that with Memphis. That’s according to ESPN’s Jonathan Givony on Memphis radio.

With a “let’s make the playoffs next season/keep the status quo” mentality in Memphis, Bamba is not really a fit anyway. Bamba may have the highest ceiling of anyone in this draft, but he also has farther to go to reach that ceiling than almost anyone in this draft. He has the potential to be a defensive force, but he has to get his legs and core much stronger. He is incredibly raw on offense. Looking at a guy who was at times casual in his play in college, will he put in the work to get there?

Who would make more sense for the Grizzlies at No. 4? Jaren Jackson Jr. for one, but…

Memphis also may be more likely to trade their pick than anyone in the top five. Considering their options, the Grizzlies may see that as the best option, if they get a decent offer.

Report: Charlotte trading Dwight Howard to Brooklyn for Timofey Mozgov

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When Mitch Kupchak was hired as the new general manager in Charlotte, the big question was could he convince Michael Jordan it was time to rebuild the Hornets. The Kemba Walker/Dwight Howard team won 36 games last season, and even though there seemed to be potential on the roster the team had made the playoffs just twice in the past five seasons (and been bounced in the first round both times).

It appears the answer is yes.

The first step, move Dwight Howard and his $23.8 million salary for next season, which is happening with a trade to Brooklyn, reports Adrian Wojnarowski of ESPN.

The Charlotte Hornets have agreed to send Dwight Howard to the Brooklyn Nets for center Timofey Mozgov, two future second-round picks and cash, league sources told ESPN…

The Hornets will receive the Nets’ second-round pick (No. 45) in Thursday’s NBA draft and a 2021 second-round pick, league sources said.

Mozgov has two years and $32.7 million left on his contract. Charlotte general manager Mitch Kupchak signed Mozgov to the four-year, $64 million deal with the Los Angeles Lakers two years ago.

Technically this trade can’t be completed until July 6, when the NBA’s signing moratorium ends at the start of free agency. The Hornets will pick for the Nets on Thursday night in the second round then complete the trade on July 6.

The Hornets were a team pushing the luxury tax (yes, seriously) and this move saves money in the short term and gets them away from that tax line.

Look for the Hornets to consider trading Kemba Walker too, either around the draft or before the trade deadline next year. Or at least they should, he can walk as a free agent in 2019 and that would leave them stuck. There were rumors the other players in the Charlotte locker room were not Howard fans, this could have been a move to appease the veterans. That still does not make this team better.

The Nets will save nearly $17 million in salary for the 2019-20 season and they can open up two max contract slots. Not that they are going to land Kyrie Irving or Kawhi Leonard or the other elite free agents of that summer, but Brooklyn will have the leverage to go after the right players (think restricted free agents they can poach) who will fit with their future.

Also, they get a big man in Howard who was solid last season for the Hornets while nobody was looking — he averaged 16.6 points, 12.5 rebounds, and 1.6 blocks per game. Coach Steve Clifford put Howard back in his comfort zones, didn’t ask him to do too much, and with that Howard played well, he had a PER of 20.5.

Howard’s going to love hamming it up in Brooklyn off the court.

On the court, the Nets have who they believe to be the center of their future in Jarrett Allen, who came on through his rookie season as he got more and more run. Howard and Allen will split time at the five, but will Howard handle coming off the bench?. If the Nets can get a healthy Jeremy Lin, growth from Rondae Hollis-Jefferson, a little more (or anything, really) out of Allen Crabbe, some throwback games from DeMarre Carrol, and the Nets could be an entertaining team to watch next season.