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.

Joel Embiid listed as doubtful for 76ers’ Game 4 vs Nets Saturday

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NEW YORK (AP) — The Philadelphia 76ers are listing Joel Embiid as doubtful for Game 4 of their first-round series against the Brooklyn Nets.

Embiid has been bothered by a sore left knee, but was able to play in the first two games of the series. He warmed up before Game 3 on Thursday night before it was decided that he couldn’t play.

Embiid worked out Friday at the 76ers’ practice in New York but coach Brett Brown said he didn’t know and didn’t have a gut feeling about whether his All-Star center would be able to go Saturday afternoon.

The 76ers rolled to a 131-115 victory without Embiid and lead the series 2-1. Greg Monroe started at center and had nine points and 13 rebounds, although is role was limited as the game wore on.

Lakers GM Rob Pelinka reportedly meets with Tyronn Lue as coaching search continues

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Rob Pelinka seems to have all the front office power in Los Angeles — whether that is wise is another conversation entirely — and he is continuing full speed ahead with the search for the next Lakers’ coach.

Pelinka reportedly has already been in Philadelphia and met with Sixers assistant Monty Williams, who is still busy coaching a playoff team. Miami assistant coach Juwan Howard also reportedly in the mix and is supposed to meet with Pelinka next week.

Friday came the report Pelinka was about to meet with former Cavaliers coach Tyronn Lue, via Adrian Wojnarowski of ESPN. This has been expected.

Lue and Williams are considered the frontrunners, and both have a relationship with LeBron James that would net a thumbs up from the Lakers’ star. Lue coached LeBron to a championship in Cleveland, and while a lot of casual fans like to rip his coaching by the end of his time with the Cavaliers he was running some pretty creative stuff and getting players into good matchups and positions.

Williams is a former Pelicans’ head coach who also has a strong relationship with Anthony Davis (not that the hiring of a coach would have any impact on where Davis is traded, however, if he leaves where he is traded as a free agent in 2020 the coach could be a factor). Williams has spent time in the Spurs front office and on the coaching bench for the Sixers and Thunder. Williams’ strength is the perception he is not LeBron’s guy, unlike Lue.

Wojnarowski also said that Lue is pushing back on the idea he is LeBron’s coach, saying he would be coaching the Lakers not just one player. In Cleveland, Lue had the trust of LeBron and that allowed the coach to challenge his star at points.

Minnesota to meet with Chauncey Billups, Trajan Langdon for lead front office job

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Minnesota may have settled on its coach for next season — Ryan Saunders seems to have a lock on the position — and are now working backward to hire his boss, the new president of basketball operations.

That could be former Pistons legend and current ESPN analyst Chauncey Billups, or Nets assistant GM Trajan Langdon, both of whom have interviews coming up with Minnesota’s leadership, according to reports.

Billups has the most recognizable name of the group and a high basketball IQ, but he also has zero front office experience. While Billups has shown interest in other GM/basketball ops jobs before, there are some around the league questioning if Minnesota owner Glen Taylor is going to pay what it would take to get Billups out of ESPN. That said, there will at least be a conversation.

Minnesota also has met with Clippers GM Michael Winger, Rockets’ No. 2 Gersson Rosas, and Nuggets assistant GM Calvin Booth. This is a strong lineup of people from the “guys who have paid their dues and deserve a shot” file.”

Whoever takes over the job will fill the shoes of Tom Thibodeau, who was let go mid-season and who hamstrung the roster with his win-now decisions. In the positives column, Minnesota has All-NBA level player in Karl-Anthony Towns at the heart of the roster. After KAT there is work to do. Andrew Wiggins will make $27.5 million next season and has four more seasons after that at max money (right now that contract is as close to untradable as any in the NBA). Gorgui Dieng will make $16.2 million, and Jeff Teague opted into his $19 million. Lowering the cost of this roster while turning the Timberwolves back into a playoff team will require a lot of creativity.

Kevin Durant, JaMychal Green have technical fouls rescinded

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Kevin Durant and Patrick Beverley got two double technical fouls in the Warriors’ Game 1 win over the Clippers.

Though Golden State had the game in hand (really, unlike Game 2) by the time the players were ejected, the techs were a much bigger deal for the Warriors. Durant will stick around the playoffs long enough there’s a real risk of him getting seven technical fouls and automatic ejection.

That concern was heightened in the Warriors’ Game 3 win last night when Durant and JaMychal Green received double techs.

Durant, via Drew Shiller of NBC Sports Bay Area:

“We were conversing about the play before, and then someone came out of nowhere and tech’d us both,” Durant explained to the media after the game. “Hopefully it gets rescinded.”

The NBA obliged:

Durant is back down to two technical fouls for the playoffs.