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.

One key reason NBA may return with 22 teams: Players want regular-season games

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Nothing is set in stone about an NBA return — at least not until next Thursday — but momentum seems to be building behind a plan that would bring 22 teams to the Orlando bubble.

That plan brings every team within six games of the playoffs when the season was halted into the competition, a total of 22 teams (13 from the West and nine from the East, the playoff teams plus Portland, New Orleans, Sacramento, San Antonio, Phoenix, and Washington). There would be some regular-season games played, likely five to eight, followed by a play-in tournament for the final playoff seeds, then the playoffs with full seven-game series each round. Exactly what that play-in tournament would look and if the NBA would stick with the conference playoff alignment or seed 1-16 is up in the air (although the conference alignment seems to have more backing).

Why that plan? For one, it gets more cities and more fan bases involved — and it happens to bring Zion Williamson and the Pelicans into the mix, a big television draw. It also could help a few teams reach a 70-game broadcast threshold with local broadcasters.

Mostly, however, the players want it because they get some games under them before the playoffs start, something Adrian Wojnarowski and Ramona Shelburne reported on at ESPN.

Regardless of how many teams are ultimately included in the playoffs, the National Basketball Players Association has consistently stressed that it wants several regular-season games to be played prior to the start of the playoffs, sources said. That has been a prevailing sentiment among several contending teams that prefer a tuneup before beginning the postseason, sources said.

A lot of players — influential players — have pushed for some regular season or meaningful games before the playoffs start. It’s about health, as trainers told us at NBC Sports, go from zero to 100 jumping straight into the playoffs and teams are asking for injuries. Players understand that.

Maybe only 20 teams end up in Orlando, that plan is on the table as well, but either way expect some regular-season games before the playoffs start. If the powerful players want it to happen, it will.

PBT Podcast: 2020 NBA Mock Draft crossover podcast, Part Deux

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We’re back at it… and not just drinking beer during a podcast. Although we do that, too.

For the third consecutive season, Rob Dauster of College Basketball Talk and I collaborated for a first-round mock draft. Rob knows the prospects better than anyone; I provide some knowledge about what the teams might be looking for. The result is a unique listening experience breaking down who will be picked where based on fit.

The first ten picks can be found over on the College Basketball Talk feed.

Here we finish off the lottery and run through the entire rest of the first round.

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.

LeBron James, Stephen Curry, Kevin Durant make top 10 of Forbes highest-paid athletes list

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LeBron James, Stephen Curry, and Kevin Durant make more money off the court in endorsements than they do in salary from their teams. Which is not a surprise.

It’s enough money to vault them into the top 10 of FORBES Magazine’s list of highest-paid athletes for the last year.

LeBron is fifth at $88.2 million, of which $37.4 million is salary (although Forbes lists it as much less). Stephen Curry is sixth at $74.4 million, and Durant is seventh at $69.3 million.

Rounding out basketball players in the top 20 are Russell Westbrook at 12th ($56 million), James Harden at 17th $47.8 million, and Giannis Antetokounmpo at $47.6 million. Overall, 34 NBA players are in the top 100, including rookie Zion Williamson at 57th ($27.3 million).

Tennis legend Roger Federer topped the list at $106.3 million, and he was followed by soccer stars Cristiano Ronaldo, Lionel Messi, and Neymar, before we got to LeBron.

Despite all the work that goes into them, these Forbes estimates have a reputation for being off the mark. That said, it makes for a fun debate and ranking, and we could all use that right now.

Stephen Jackson speaks passionately at a rally in remembrance of his “twin” George Floyd

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Stephen Jackson, the former NBA player and current ESPN analyst, knew George Floyd from when he pair grew up near each other in Texas.

Friday, Jackson spoke about the man he called his “twin” at a rally Minneapolis City Hall Rotunda (an event with Timberwolves players Karl-Anthony Towns and Josh Okogie in attendance. (Video via Jon Krawczynski of The Athletic, there is NSFW language involved.)

“I’m here because they’re not gonna demean the character of George Floyd, my twin. A lot of times, when police do things they know that’s wrong, the first thing they try to do is cover it up, and bring up their background, to make it seem like the bulls*** that they did was worthy. When was murder ever worthy? But if it’s a black man, it’s approved.

“You can’t tell me, when that man has his knee on my brother’s neck — taking his life away, with his hand in his pocket — that that smirk on his face didn’t say, ‘I’m protected.’ You can’t tell me that he didn’t feel that it was his duty to murder my brother, and that he knew he was gonna get away with it. You can’t tell me that wasn’t the look on his face.”

There has been a powerful reaction across the NBA world — and across the nation — in the wake of the deaths of Ahmaud Arbery (a 25-year-old black man killed while jogging in a Georgia neighborhood) and Floyd. In a sport with many black players, the murders of these men were reminders of the systemic race issues still part of American culture. LeBron James captured the feelings of many players and others when he took to Instagram.

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STILL!!!! 🤬😢😤

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Derek Chauvin, the man pictured kneeling on Floyd’s neck — which he did for more than eight-and-a-half minutes — was fired from his job in the Minneapolis Police Department and was arrested on Friday and charged with third-degree murder.