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.

Suns, Crowder agree he will sit out training camp while they seek a trade

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Jae Crowder wants out of Phoenix and the Suns have been looking for a trade to accommodate that.

It hasn’t come together, so the Suns and Crowder agreed he should sit out training camp while they find one (this team does not need another distraction in camp).

We knew this was coming because Crowder himself announced it a couple of days ago. While he deleted the Tweet, nothing ever completely disappears online.

Two quick thoughts on this news.

First, it means Cameron Johnson will start at the four, something that was likely anyway as the Suns look to add shooting to help space the floor.

Second, this news does not help the Suns’ leverage in getting a trade. It’s understandable that Crowder didn’t want to be in camp and that the Suns didn’t want the distraction, but now everyone knows the pressure on the Suns to get a deal done and they will lowball their offer.

There are a few potential landing spots out there. Crowder hinted online he would welcome a return to Miami, and the Heat need help at the four after P.J. Tucker left for Philly. The Heat would base a trade around Duncan Robinson, but to make the salaries match the Suns would have to throw in another player — Dario Saric, Landry Shamet, Cameron Payne, Torey Craig or after Jan. 15  — and that seems unlikely.

Atlanta, Dallas, Chicago, Boston (but it’s tough to make the salaries match up), and even a team like Minnesota could work. The challenge is the Suns are a win-now team and will want a player who can help them this season and all those teams are in the same space. Right now there may not be an offer available. As camps open and teams start to understand what they do and don’t have, a deal could come together.

Crowder will be home waiting for that to happen, not with the Suns team.

Giannis Antetokounmpo says Stephen Curry is the best player in the world

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Giannis Antetokounmpo is at the top of pretty much every “best player in the world” list right now.

Except his own.

For Antetokounmpo, the best player in the world is the one that leads his team to the title, so today, it is Stephen Curry (hat tip to Lance Allen of NBC Milwaukee).

It’s easy to see where Antetokounmpo is coming from, but basketball is a team game. The best player may not be on the best team, despite his skill set, and that team may not win. Curry was spectacular in leading the Warriors to their fourth banner since he arrived, he’s near the top of the best in the world list, but it’s not all about winning.

The takeaway from what Antetokounmpo said is how much he wants to win — he wants a second ring.

The Bucks enter the season as one of the favorites to win that ring, but it’s going to take a lot of things going right for that to happen.

Including Antetokounmpo showing he is the best player in the world.

 

Is Matisse Thybulle ready for a big step forward with 76ers?

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Matisse Thybulle brings a valuable NBA skill to the table — he is an elite perimeter defender. Two-time All-Defensive Team in three years in the league.

But when the 76ers got up against Miami in the playoffs, Thybulle’s role shrank dramatically. While Doc Rivers needed his defense, Thybulle’s lack of an offensive game became a problem — the Heat largely ignored him and helped off him, allowing Miami to muck up the Philly offense (he was limited in the Toronto series because he was not vaccinated and could not play in road games). The 76ers tried to solve that problem this offseason by bringing in DeAnthony Melton, Danuel House and P.J. Tucker — solid role-playing defenders who can contribute on offense, too.

Thybulle wants to be part of the solution, too, and told Keith Pompey of the Philadelphia Inquirer he spent the summer focused on his offensive game.

“I’m really proud of what I did,” Thybulle said of his offseason. “I’ve worked harder than I’ve worked. And I had a meeting with [Sixers coach Doc Rivers] early this week and was telling him I feel more bought in than I’ve been before.”

No doubt Thybulle put in the work, we will find out soon if it paid off — and if that will get Thybulle paid.

Thybulle is entering a contract year — the 76ers can extend him up until Oct. 18, after which he would become a restricted free agent next summer. Thybulle said his goal is to remain in Philadelphia (and he’d like an extension).

“At this point, I would always want to stay in Philly,” he said. “And if it’s up to me, that’s always going to be my choice.

“But considering that I’ve realized the reality of how far out of my control it is, if I do get traded or something does end up happening, I can look at myself in the mirror at the end of the day.”

With a win-now Sixers team, Daryl Morey may be in a wait-and-see place with Thybulle, letting the market set his price next offseason. If he signs now, it will likely be on a team-friendly deal (but maybe one that still works for the 25-year-old).

If Thybulle gets on the court this season and shows an improved offensive game, one where he can make teams pay for helping off him, his price goes up and there may be multiple teams bidding for his services next summer. And Doc Rivers would be happy in the short term.

It’s up to Thybulle to prove it now.

 

Markelle Fultz will miss start of training camp, at least, with broken toe

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The basketball gods continue to turn their backs on Markelle Fultz.

A torn ACL had limited him to 26 games over the past two seasons, but he was healthy and ramping up to a larger role this season with a young and interesting Magic team. Then came the news he fractured his left big toe during a training session. As a result, he will be out for at least the start of training camp, the team announced. From the official announcement:

“He has been placed in a walking boot and his return to play will depend on how he responds to rehabilitation and treatment. Fultz suffered the injury during a preseason workout prior to returning to Orlando and imaging confirmed the fracture.

He will not need surgery, according to the team.

Fultz was set to split point guard duties with Cole Anthony, this injury means RJ Hampton could see more run at the point for now. Fultz should be able to return either during the end of the preseason or early in the season.

Fultz was the No.1 pick in the 2017 NBA Draft but never found his footing with the 76ers (in part due to injury). However, since getting out of that spotlight and allowed to develop in Orlando he’s been a solid rotation point guard when healthy. Last season in 18 games he averaged 10.8 points and 5.5 assists a game, and while he’s still not an efficient shooter he can run a team.

How Anthony and, eventually, Fultz will work off the ball as rookie Paolo Banchero gets the opportunity to create more offense will be just one of the interesting things to watch with this Magic team this year. We’ll have to wait a little while to see Fultz.