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.

Arson suspected at bar where Zach Randolph’s brother killed

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MARION, Ind. (AP) Investigators have determined a fire likely was intentionally set at an Indiana bar, one day after the brother of NBA star Zach Randolph was fatally shot there.

The fire happened at Hop’s Blues Room in Marion early Sunday – less than 24 hours after 35-year-old Roger Randolph was found dead.

Firefighters extinguished the blaze that caused an estimated $20,000 in damage. Marion Fire Department Investigator Brandon Eckstein says the cause of the fire was arson.

Early Saturday, Roger Randolph died shortly after he was found shot in the parking lot of the business. Police say no arrests have been made.

Zach Randolph was a star player in Marion and now plays for the Sacramento Kings.

Authorities didn’t immediately say whether they believe Randolph’s death and the fire are related.

Report: First round picks will walk across draft stage with two family members

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The NBA Draft is a big moment for many young men entering the league. Before the picks are announced, TV coverage shows players waiting at their tables among parents, siblings, and their agents.

Now, the NBA is apparently turning the first round into even more of a family affair.

According to Yahoo! Sports, first round selections will be invited to bring two family members to walk across the stage with them as they are selected during the draft on Thursday night. Those members will also be in the greenroom, so they will get the full experience of what it’s like to be an NBA draft pick themselves.

Via Yahoo!:

This is going to be pretty neat to see, and it should make the smiles of the players even bigger as they get to experience a lifelong dream right alongside their support networks.

The 2018 NBA Draft kicks off on Thursday, June 21 at 4:00 PM.

It’s the 10 year anniversary of Kevin Garnett’s ‘Anything is possible’ (VIDEO)

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The Boston Celtics were world champions back in 2008. After a whirlwind summer in 2007 where the team traded for both Kevin Garnett and Ray Allen, things came together for the Celtics as Paul Pierce and Rajon Rondo filled out an impressive roster.

Boston had two consecutive seven-game series to open the postseason in 2007-08, beating the Atlanta Hawks in the first round and then LeBron James and the Cleveland Cavaliers in the second. They then dispatched the Pistons in six games in the Eastern Conference Finals, and Kobe Bryant’s Los Angeles Lakers in six in the NBA Finals.

The Celtics hadn’t won the championship since the 1985-86 season, and suffered through patently bad teams or talented ones that tended to get clumsy with early playoff exits.

When Boston finally did win their title, it was Garnett who game us one of the more iconic moments of their celebration, shouting “Anything is possible!” as he was interviewed after the game.

Via Twitter:

A decade later, Boston is again in the hunt for another championship and seemingly set up to do so for years to come.

Report: Minnesota’s Tyus Jones considered asking for trade, Thibodeau eased concerns

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If there was one thing at the top of the list that set off Timberwolves fans on Twitter last season — and that is a long list — it was the burying of backup point guard Tyus Jones on the bench.

Jones played well on the floor — he is an excellent pick-and-roll ball handler, knows how to run an offense, is strong in transition, and can knock down a spot-up jumper — and the Timberwolves were 5.8 points per 100 possessions better than their opponents when he was on the court. Yet coach Tom Thibodeau jerked Jones’ minutes around — he leaned heavily on starter Jeff Teague and backup guard Jamal Crawford, then mid-season brought in Derrick Rose and gave him run. Jones’ minutes were up and down when they never should have been — even Teague went to Thibodeau and said to play Jones more.

It got to the point that after the season, the third-year guard considered asking for a trade, reports Sean Deveney of The Sporting News.

But sources told Sporting News that Jones met with team management after the playoffs, and Thibodeau reasserted his support of Jones and his development. Even if the Wolves re-sign Rose, Jones was assured, his minutes and opportunities would increase because Crawford is not expected to return to the team. Rose mostly played shooting guard with the Wolves last season, so there’s a chance Jones could play alongside Rose as a backcourt bench unit.

Jones had considered requesting a trade, but the meeting with the team defused that notion before it arose. And for now, at least, the Wolves have no intention of dealing him.

Thibodeau is saying the right things, we’ll see if his actions back up his words. Jones will be a restricted free agent in the summer of 2019 and he has a lot of fans around the league in other front offices. If Minnesota doesn’t give him enough burn he will hunt out a place that will (and may pay more than Minnesota wants to match).

It’s one of a number of issues around the Timberwolves that could derail, at least temporarily, a team that is on the rise in the West.