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.

Knicks’ Obi Toppin out at least 2-3 weeks with knee fracture

0 Comments

Obi Toppin is a fan favorite and Knicks faithful were hoping to see more of him as the season progresses.

However, they are not going to see any of him for at least the next 2-3 weeks due to a fractured knee, the team announced.

Toppin suffered the injury in New York’s win Wednesday over Atlanta, the same game that saw Dejounte Murray sprain his ankle leading him to be out for a few weeks.

Toppin — the reigning All-Star Weekend Slam Dunk contest champion — is averaging 7.7 points in 25 games off the bench. With him out, coach Tom Thibodeau suggested he could lean more on RJ Barrett, asking him to play up at the four.

Report: Zach LaVine not available for trade from Bulls

0 Comments

Front offices of potential contenders from Los Angeles to Philadelphia have their eyes on the Chicago Bulls — will the struggling Bulls pivot to chase Victor Wembanyama and the top of the lottery, making them sellers at the trade deadline? Teams have interest in Chicago’s three stars: Zach LaVine, DeMar DeRozan, and Nikola Vucevic.

Except just-extended LaVine isn’t currently available, ESPN’s Adrian Wojnarowski said Wednesday on his network’s pregame show discussing the Knicks.

“The Knicks will be watching Chicago. Is Zach LaVine a player who before the deadline possibly can become available? He certainly isn’t now.”

Chicago is not yet ready to pivot to tanking, so none of its stars are truly available. That said, the Bulls don’t look like a playoff team, they miss Lonzo Ball, and even if things do come together where do they stand in the East hierarchy? If the Bulls do become sellers, they aren’t going to tear this team down to the studs, it would likely be trading just one star. Possibly a second if the offer was strong enough.

LaVine — who signed a five-year, $215 million extension this past summer — is the least likely to be available, league sources have told NBC Sports. The expectation is that Vucevic would be the Bull first made available if the Bulls decide to start seriously listening to offers. And that remains an “if.”

That said, front offices around the league have their eyes trained on Chicago.

Dejounte Murray added to growing Hawks injury report, out 2-3 weeks with sprained ankle

0 Comments

John Collins is out for at least another week with a sprained ankle. DeAndre Hunter has been out with a strained hip flexor.

Now you can add Dejounte Murray to the Hawks’ growing injury report, he is out at least 2-3 weeks with a sprained ankle, Shams Charania and Sam Amick of The Athletic report.

The injury happened on a closeout from RJ Barrett of the Knicks.

The Hawks have already had chemistry and fit issues this season, and missing key players for an extended period only exacerbates the problem. Atlanta looked flat getting their doors blown off by the Knicks Wednesday night, 113-89, a game that added to a string where they have lost 5-of-7. Now they will have to find a way to right the ship without their second-best playmaker.

There also is an update on the Hawks’ play-by-play announcer Bob Rathbun.

NBA, WNBA players react to news Brittney Griner coming home

0 Comments

Brittney Griner is finally coming home.

The WNBA and USA Basketball star has spent 10 months in Russian prisons — including being convicted and sent to a Russian penal colony — for having vape canisters with small amounts of cannabis oil in her luggage as she went through Russian airport security back in February. She became a political pawn in the tensions between the United States and Russia, mostly surrounding Russia’s invasion of the Ukraine, and was freed via a prisoner swap announced Thursday.

The basketball world — WNBA players in particular — had worked to keep her name front and not let Griner be forgotten during this ordeal, pushing President Joe Biden and the government to reach a deal. With the news Griner was freed, NBA and WNBA players took to social media to react.

“Brittney has had to endure an unimaginable situation and we’re thrilled that she is on her way home to her family and friends,” NBA Commissioner Adam Silver said. “We thank the members of the NBA and WNBA community who never wavered in their efforts to raise awareness of Brittney’s unjust circumstances.”

“We are overwhelmed with relief and gratitude that our sister Brittney Griner is finally coming home,” the NBPA said in a statement. “Her strength and courage throughout this last year have been truly remarkable, as have the efforts of her wife Cherelle, our WNBPA sisters, Terri Jackson and the WNBPA staff, who have been relentless in their call to bring Brittney home. We know this homecoming would not have been possible without their unwavering support and continued work to keep BG always top of mind, and our players are honored to have contributed to those efforts. While this is a celebratory moment for our sisters and us, we must not forget the other political prisoners who remain in dire circumstances all over the world. These individuals must be remembered and fought for every single day as BG was so that they too can have this moment. Welcome home Brittney, we are so happy to have you back! #WeAreBG”