Breaking: Deal between Maloof family, Seattle’s Chris Hansen for Kings struck, to be announced

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While Sacramento will get a final shot to convince NBA owners that this is not something they want to approve, sources have told ProBasketballTalk that Seattle’s Chris Hansen is ready to announce a tentative agreement to purchase the Sacramento Kings in the coming days.

Following this come reports other teams have been notified of a sale, something PBT can confirm. The sale price is $525 million of which the new owners will get 65 percent.

Adrian Wojnarowski reported a week ago a deal between the Maloof family and Hansen was “at first and goal from the one,” and furthermore that the Kings moving to Seattle was a done deal. That report had been echoed by CSN Bay Area’s Matt Steinmetz and David Aldridge of NBA.com, though each reporter left a little wiggle room in case the Maloofs changed their minds.

According to our sources, any deal sending the Kings to Seattle would not be a done deal because any deal would be subject to an approval by the NBA’s Board of Governors.  In addition, sources tell PBT that Sacramento has been approached by at least three groups of “heavy hitters.”  Sacramento could be getting close to announcing a group that meets NBA criteria that has the “vision to transform one of the NBA’s most proven markets into a top NBA franchise.”  This, they believe, will help win the NBA’s support for keeping the Kings in Sacramento.

As we’ve followed this story for the last two years, the city of Sacramento has bent over backwards to accommodate the Maloofs according to sources from all sides of the situation. One league source called their offer of public funds to build an arena for the Maloofs a “model offer of public funds,” and the NBA itself supported the failed deal from last year that the embattled Maloof family backed out of.

Since reports of the Kings’ move to Seattle have hit the net from very reputable sources, Sacramento has been firing on all cylinders in what has been a long-term initiative to respond in the event the Maloof family was willing to sell the team. Indeed, sources close to the situation in the California capitol have told PBT that preparing for this contingency has been a prime focus of the city, and that when it comes time to present Sacramento’s offer to the Board of Governors that they believe it will be a compelling and competitive offer.

It will be up to the Board of Governors — made up of the 29 other NBA owners — to make that determination.

We reported in September that Seattle’s Chris Hansen would need to put up more money to beat Sacramento’s offer, and that is one of the main sources of the city’s confidence according to sources speaking on condition of anonymity.

We calculated that an offer from Sacramento of $425-450 million for the overall price of the Kings franchise would put more money in the Maloofs’ pockets than the reported $525 million offer from Hansen, because a Sacramento owner would not need to worry about the Maloofs’ outstanding loan to Sacramento (~$75 million).  The city also doesn’t have to worry about the league’s relocation fee, which was $30 million when the Sonics moved to Oklahoma City and became the Thunder, although the Board of Governors can set that fee at whatever level they wish. USA Today’s Sam Amick confirmed Sacramento’s target offer in his exclusive interview with Sacramento Mayor Kevin Johnson last week.

The biggest point in Sacramento’s favor according to sources is the “model offer” of public funds itself, an offer that was in excess of $200 million in a California climate that normally doesn’t support public funds for sports facilities.

Sources close to the situation tell PBT that this, along with the league’s fear of another Sonicsgate, will be the deciding factors should Sacramento be able to provide an actionable offer that is competitive with Seattle.

The Maloofs themselves have reached the point where they have to sell the team, something that doesn’t really help their leverage. Their financial struggles are well documented and in May they asked their minority owners for a $10 million cash call. Along with the threat of having a lame duck year in Sacramento, nobody with knowledge of the situation has said that there is a realistic chance that the family decides not to sell.

This means that this story is coming to a head, and if the Board of Governors pushes the Maloofs toward the Sacramento offer they will have to listen. Because a Sacramento offer can put the same type of dollars in the family’s pockets, sources in Sacramento like the city’s chances to pull this out.

Favoring Seattle is the fact they have a larger television market than Sacramento (Seattle is 14th, Sacramento is 20th), and that a relocation fee assessed to Seattle could put money in each owners’ pockets, but Sacramento isn’t without ammunition here.  They have no competition from other sports teams and have a long and storied history of supporting their franchise.  They are also arguably further along in their arena building process, as Seattle is still facing two relatively toothless lawsuits and an environmental review while Sacramento’s arena deal was ready for approval last year.  In addition, as SB Nation’s Tom Ziller points out, there are several reasons that expansion could benefit the league and owners would also benefit from an expansion fee in that case as well, which would theoretically give the Hansen group a better price point to join the club.

Sacramento has been working for a long time and has not been caught off guard by the Maloofs’ intentions to sell. As long as Mayor Kevin Johnson can deliver the package he has been foreshadowing, it will be up to the league to decide whether or not they want to turn their back on Sacramento.

As usual, it comes down to showing the league the money. Fortunately for Sacramento, this is something that Mayor Johnson has a great track record with.

Sacramento Mayor Kevin Johnson will reportedly get that chance, but he’s going to have to convince the owners to reject a deal put before them. While those same owners did that in the case of a proposed Kings move to Anaheim, this may be a tougher pitch for Sacramento.

Kings hire WNBA’s Lindsey Harding as assistant coach

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SACRAMENTO, Calif. (AP) — The Sacramento Kings have hired former WNBA player Lindsey Harding as an assistant and player development coach on Luke Walton’s staff.

The team also hired Stacey Augmon and Rico Hines on Friday.

Harding played nine years in the WNBA before working as a pro personnel scout and then player development coach for the Philadelphia 76ers.

She becomes the latest woman to serve as a coach in the NBA, joining others like Boston’s Kara Lawson, San Antonio’s Becky Hammon, Dallas’ Jenny Boucek and Cleveland’s Lindsay Gottlieb.

The Kings have a history of hiring female coaches, notably Nancy Lieberman and Boucek.

 

Wizards reportedly to finally remove interim tag from GM Tommy Sheppard

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Tommy Sheppard has been doing the work as the Wizards GM since April when Wizards owner Ted Leonsis finally ended Ernie Grunfeld’s run as team GM.

Sheppard was the GM through the draft. Through free agency. All the time with the “interim” tag on his job title. In Las Vegas for Summer League, plenty of other executives wondered why that tag was still on Sheppard’s title.

It’s finally coming off, reports Candace Buckner of the Washington Post.

The Washington Wizards removed the interim tag from Tommy Sheppard’s title Friday, promoting him to be the 12th general manager in franchise history, according to a person with knowledge of the situation…

The promotion of Sheppard, who will be entering his 17th season with the Wizards, mirrors the internal hiring decision Leonsis made with his hockey team. In 2014, Leonsis elevated Brian MacLellan as the Washington Capitals senior vice president and general manager after firing George McPhee. Before the promotion, MacLellan had spent the previous seven years under McPhee as an assistant general manager.

This likely will be made official in the next 48-72 hours.

Part of the delay may have been that a couple of prominent names were linked to the Wizards job at different times. There were reportedly talks with Tim Conley, who built Denver into a real threat, but he decided to stay in the Rockies. There were rumors of Masai Ujiri coming to the District, but he has chosen to stay in Toronto after winning a title.

Making Sheppard the full-time GM provides some stability just as the Wizards reach their most important moment of the summer.

On July 26 the Wizards can offer star two guard Bradley Beal a three-year, $111 million extension. The Wizards have been talking to Beal’s people and the offer will be made.

What Beal decides will decide the Wizards future for years. If Beal doesn’t sign that offer, the Wizards have to look at trading him. If he signs it, they need to build more around him.

Beal has spoken numerous times in the past about wanting to stay with the Wizards. However, there was plenty of informed speculation at Summer League that he is frustrated with the franchise and could choose to not sign it and essentially force his way out.

Either way, Beal’s decision will define the next steps for Sheppard for years.

 

Child tries to call out James Harden for step-back travels, he says it’s no travel

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If you tried this move in a high-school game 10 years ago, you would have been called for traveling.

In today’s NBA, as the rules are interpreted, James Harden‘s step back is not a travel.

At an event on Friday, a young fan tried to call Harden out on the travel and he defended himself. Via Kelly Iko of The Athletic.

Harden’s stepback is not a travel (when he executes it properly). Even if it looks like it is.

Here is the play in question.

The official response — meaning from officials:

I know when you played Junior High basketball in 2002 that was a travel, but the NBA hasn’t called it that way in years.

The NBA rule here (Rule 10, Section XIII) simplified is a “gather and two steps.” Meaning one step while Harden is gathering the ball, plus two more. Nobody pushes the boundary of the gather step like Harden, he has mastered the grey area. But when he executes it properly — and he doesn’t every time — it’s not a travel.

No matter what that young boy’s father tells him.

Justin Holiday reportedly reaches deal with Pacers, will join forces with brother

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The Pacers just added the wing depth and some defense at the position they have been looking for.

It’s through someone they have long had their eye on, Justin Holiday, the six-year NBA veteran who split time last season between Chicago and Memphis. He has reached an agreement to join the Pacers — and his brother, Aaron Holiday — for a season in Indiana. Shams Charania of The Athletic broke the news.

The Pacers have been in touch with Holiday for a while, reports J. Michael of the Indy Star.

Holiday averaged 10.5 points a game last season, shot 34.7 percent from three, and played solid wing defense.

Victor Oladipo is the team’s best wing player, once he returns from injury (the Pacers are hoping around Christmas or a little after). Beyond him there is Jeremy Lamb, C.J. Wilcox, T.J. Warren, Doug McDermott, and Brian Bowen. Holiday can find minutes in that group.

This also sparks the dream of an all T.J./Holiday lineup. The Pacers have two Holidays, Justin and Aaron, as well as three un-related players named T.J. — T.J. McConnell, T.J. Warren, and T.J. Leaf. We need to see those five on the court together next season, if only for a few minutes.