Report: Details of Kings sale to Seattle laid out for relocation committee

12 Comments

While many people in Sacramento continue to work to put together a package that can help keep the Kings in in the California capital, the machinery of a sale of the team to a Seattle group planning to move the franchise north continue to move forward.

It’s reached the point that members of the NBA Board of Governor’s relocation committee were briefed on the “non-binding deal points” of a potential sale of the Kings to the Chris Hansen/Steve Ballmer group of Seattle, reports Adrian Wojnarowski of Yahoo Sports and the NBC Sports Network.

The call took place on (January 8) – one day before Yahoo! Sports reported the finalizing of a deal – and informed several league owners that the Hansen-Ballmer Seattle group would purchase 65 percent of the Kings, sources said. The league office told members of the relocation committee that the non-binding agreement would constitute 53 percent of the franchise owned by the Maloof family and an additional 12 percent from minority owner Bob Hernreich….

It is unclear if the selling of 53 percent of the Maloof’s share would leave them with any future stake in the franchise, but sources have told Yahoo! Sports that there’s no circumstance where which the Maloofs would keep any real input or governance over day-to-day team operations.

The timeline here is really March 1 — that is when a new ownership group would have to apply for relocation (that could be pushed back a couple weeks, not much more). What everyone wants to avoid is another lame-duck year with the team in Sacramento owned by the Maloofs.

That this went so far as to be laid out for the relocation committee shows it is being taken seriously. The relocation committee — ironically headed by Oklahoma City owner Clay Bennett, the guy that moved the former Sonics out of town — would delve into the details of a request to move the team and make a recommendation to the full Board of Governors (all the owners).

That said, the deal is not done. And complex deals like this one — the Kings owe $77 million to the city of Sacramento if the franchise moves plus at least $125 million to the league’s credit program — can easily fall apart over the details.

What is new here is the $525 million is how much the franchise is being valued at, but if the new owners only get a controlling interest of the team at 65 percent they would only have to pay less than $350 million. Which for a group led by Hansen (a hedge fund guy), Ballmer (the current head of Microsoft and worth $14.7 billion) and with supporting players like the Nordstrom family is no problem.

In Sacramento, mayor Kevin Johnson is working hard to put together a group and plan looking for the right to match any reasonable Seattle offer to keep the team — they are talking to people who could buy the team as well as plan for a new arena in town (which would be done now were it not for the Maloofs in the first place). Johnson wants to make his pitch to NBA ownership when they meet All-Star weekend in Houston.

While both sides push ahead, the Maloofs remain the wild card. Nobody knows what their next move might be. It would be easier to guess what Jodie Foster might say at before the Golden Globes than to guess what the Maloof family will do next.

Report: Bulls paying Billy Donovan $6 million-plus annual salary

New Bulls coach and former Thunder coach Billy Donovan
Mike Ehrmann/Getty Images
Leave a comment

Bulls owner Jerry Reinsdorf just spent the NBA hiatus – at least if you looked beyond “The Last Dance” itself – getting dragged for not spending enough to give Michael Jordan another year of title contention in Chicago.

Paying to hire Billy Donovan is a way for Reinsdorf and the Bulls to repair their reputations.

Shams Charania of The Athletic:

I’d be surprised if all four years are fully guaranteed. Coaching contracts of this length usually contain a team option or two.

But that’s still a hefty salary. Especially in these times. Especially considering it was believed the Bulls would keep Jim Boylen for financial reasons.

Donovan left the Thunder despite them offering him a new contract. He likely knew he could get more elsewhere.

Credit Chicago for being the team to spend. The Bulls needed a solid coach after Boylen and Fred Hoiberg.

Donovan won’t solve all Chicago’s problems, but he should help on multiple fronts. This upgrade costs nothing but Reinsdorf’s money, which every Chicago fan is perfectly willing to spend.

NBA playoff schedule 2020: Date, time, matchup for every game

NBA playoff schedule 2020
AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images
Leave a comment

And there were four.

The NBA is down to the conference finals — and the bubble has provided us with upsets galore. There are some unexpected teams in the NBA’s Final Four, but of course LeBron James is still there. The Lakers are the heavy favorites at this point.

Here are a few notes on the NBA playoffs schedule 2020:

• The NBA is continuing to push the pace with games every other day — except in the East, when ESPN wants a break not to clash with the NFL, and to let the West catch up. The fast pace of games will return with the NBA Finals.
Families for the players, and with the final four now the coaches, are in the bubble.
• The NBA has released an NBA Finals schedule to teams and their target is still a Sept. 30 Game 1. If either conference finals goes seven games that date will need to be pushed back.

Here is the NBA playoffs schedule 2020 (all times are Eastern):

EASTERN CONFERENCE FINALS

No. 3 Boston Celtics vs. No. 5 Miami Heat

Game 1: Heat 117, Celtics 114, OT
Game 2: Heat 106, Celtics 101
Game 3: Celtics 117, Heat 106
Game 4: Heat 112, Celtics 109 (Miami leads series 3-1)
Game 5: Sept. 25, 8:30 p.m. (ESPN)
Game 6: Sept. 27, 7:30 p.m. (ESPN)*
Game 7: TBD (ESPN)*
*If necessary

WESTERN CONFERENCE FINALS

No. 1 Los Angeles Lakers vs. No. 3 Denver Nuggets

Game 1: Lakers 126, Nuggets 114
Game 2: Lakers 105, Nuggets 103
Game 3: Nuggets 114, Lakers 106 (Lakers lead series 2-1)
Game 4: Sept. 24, 9 p.m. (TNT)
Game 5: Sept. 26, 9 p.m. (TNT)
Game 6: Sept. 28, TBD (TNT)*
Game 7: Sept. 30, TBD (TNT)*
*If necessary

NBA playoffs schedule 2020: Second Round results

Eastern Conference

No. 3 Boston beat No. 2 Toronto 4-3

No. 5 Miami beat No. 1 Milwaukee 4-1

Western Conference

No. 1 Los Angeles Lakers beat Houston 4-1

No. 3 Denver beat No. 2 Los Angeles Clippers 4-3

NBA playoffs schedule 2020: First Round results

Western Conference

No. 1 Los Angeles Lakers beat No. 8 Portland 4-1

No. 2 L.A. Clippers beat No. 7 Dallas 4-2

No. 3 Denver beat No. 6 Utah 4-3

No. 4 Houston beat No. 5 Oklahoma City 4-3

Eastern Conference

No. 1 Milwaukee beat No. 8 Orlando 4-1

No. 2 Toronto beat No. 7 Brooklyn 4-0

No. 3 Boston beat No. 6 Philadelphia 4-0

No. 5 Miami beat No. 4 Indiana 4-0

PBT Podcast: Which players’ stock rose most in the bubble?

Jamal Murray Donovan Mitchell
Kevin C. Cox/Getty Images
Leave a comment

In the wake of Tyler Herro looking like the best offensive player Miami has seen since some guy decided to go back home to Cleveland, the question becomes what players have helped themselves the most in the bubble, and in the playoffs in particular?

Not coincidentally, Miami and Denver have a lot of those players, with the Nuggets Jamal Murray probably topping the list.

Kurt Helin and Dan Feldman of NBC Sports get into that, talk some Boston/Miami series, and also talk about the recent coaching carousel including Billy Donovan to Chicago and the fact no team has hired a Black coach this offseason.

As always, you can check out the podcast below, listen and subscribe via iTunes at ApplePodcasts.com/PBTonNBC, subscribe via the fantastic Stitcher app, check us out on Google play, or check out the NBC Sports Podcast homepage and archive at Art19.

We want your questions for future podcasts, and your comments, so please email us at PBTpodcast@gmail.com.

Juancho Hernangomez missing Timberwolves workouts to film Adam Sandler movie

Timberwolves forward Juancho Hernangomez
Jonathan Bachman/Getty Images
Leave a comment

The Timberwolves, like the other seven teams not invited to the NBA’s restart at Disney World, are holding workouts.

Not in Minnesota: Forward Juancho Hernangomez.

Chris Hine of the StarTribune:

A team spokesperson said Hernangomez is filming Adam Sandler’s latest project in Philadelphia.

Netflix is producing the film, called “Hustle.”

And people thought LeBron James – also a producer of “Hustle,” which is about a basketball scout who finds talent oversees – prioritized Hollywood over hoops.

A Spain native, Hernangomez will be a free agent this offseason. The Timberwolves can make him restricted.

But how could anyone want a player who doesn’t respect the sanctity of voluntary workouts occurring several months before next season (besides his 3-point shooting, rebounding and defensive versatility)?