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.

Kevin Love, NBA world reacts to death of Wes Unseld

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Wes Unseld, the first black athlete to be offered a scholarship at the University of Kentucky (he turned it down to attend Louisville), who then went on to a Hall of Fame career in the NBA, died at the age of 74.

Around the NBA there has been mourning, starting with Kevin Love, who’s middle name is Wesley after Unseld.

“Wes Unseld was one of the most consequential players of his era,” NBA Commissioner Adam Silver said in a statement. “An NBA MVP and Naismith Memorial Basketball Hall of Famer, Wes elevated the game by mastering the fundamentals. His competitive drive and selfless approach made him a beloved teammate, a respected opponent and a cornerstone of the Washington Wizards franchise, with whom he won an NBA championship. Wes also set the model of class, integrity and professionalism for the entire NBA family during stints as a player, coach and team executive with Washington and through his dedication to expanding educational opportunities for children. We send our deepest sympathies to Wes’ wife, Connie; their son, Wes Jr. (who is an assistant coach with the Denver Nuggets); their daughter, Kim; and the Wizards organization.”

The best player currently in Washington, Bradley Beal, led a chorus of people taking to social media to praise Unseld.

Kings TV play-by-play announcer Grant Napear resigns after “all lives matter” Tweet

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Sacramento television play-by-play announcer Grant Napear resigned on Tuesday amidst an intense backlash from former Kings’ players and many fans after Napear’s “all lives matter” comment on Twitter.

Napear had been the Kings’ play-by-play man since 1988, plus he was the host of a sports talk radio show on Sports 1140 in Sacramento. Napear lost both of those jobs within days of his Tweet.

“Our company values and honors inclusion and equality,” Kings’ broadcast partner NBC Sports California said in a statement before Napear’s announcement. “Racism, injustice and violence run counter to everything we stand for and cannot be tolerated in our society. Grant Napear’s recent comments on Twitter do not reflect the views of NBC Sports California. We’ve spoken to Grant’s employer, the Sacramento Kings, about the matter.”

“I want to thank the fans for their overwhelming love and support,” Napear said in a statement. “I will always remain a part of Kings nation in my heart.”

“His recent comments about the Black Lives Matter movement do not reflect the views or values of Bonneville International Corporation,” the media company that owns Sports 1140 said in a statement announcing the change. “The timing of Grant’s tweet was particularly insensitive. After reviewing the matter carefully, we have made the difficult decision to part ways with Grant.”

The controversy started with former Kings’ big man DeMarcus Cousins, in the wake of nationwide protests following the killing of George Floyd, asked Napear what he thought and got the “all lives matter” response.

“All lives matter” is a controversial phrase that has become a flashpoint. It’s a phrase used by those opposed to the Black Lives Matter movement to try and discredit it, to try and undercut and change the topic away from the much-needed discussion of racism and how black Americans are treated by the police — and other institutions — in this nation.

Cousins quickly responded that he expected this from Napear.

Chris Webber and Matt Barnes, two other former Kings, jumped in to comment about Napear.

“Closet racist” is a strong phrase, but Tom Ziller, the longtime NBA writer based out of Sacramento, said in his Tuesday newsletter “This element of Napear’s personality has been obvious to anyone who listened to his radio show even occasionally over the past 20 years.”

Napier took to Twitter to try and apologize.

On Monday he was put on leave from his radio show, and by Tuesday he had resigned as Kings’ play-by-play man and no longer was part of his radio show with former King Doug Christie.

Report: NBA season could last through Oct. 12

Spurs wing DeMar DeRozan and 76ers forward Tobias Harris
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The NBA is reportedly targeting July 31 for resuming games.

Now, we also have a planned end date for the season.

Adrian Wojnarowski of ESPN:

The big question: What happens between July 31 and Oct. 12?

Most likely, 22 teams will return for more regular-season games, a play-in tournament then playoffs. It appears a last-ditch argument for all 30 teams continuing has stalled.

But that still leaves many questions within a 22-team structure. How many regular-season games will each team play? How many seeds will be up for grabs in the play-in tournament? How many teams will qualify for the play-in tournament. Will the the playoffs have 1-16 seeding?

And then there’s next season and beyond. The NBA will obviously delay the start of the next season. But will the league work back toward an October start for future seasons? Or will this be the beginning of regularly starting the season in December?

Still, as many questions remain unanswered, the timeline is coming into sharper focus.

Tilman Fertitta: ‘Such a disappointment’ Rockets faced trouble for Daryl Morey’s tweet

Rockets general manager Daryl Morey and owner Tilman Fertitta
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When Rockets general manager Daryl Morey tweeted support for Hong Kong protesters (who are trying to maintain and expand their freedoms), Rockets owner Tilman Fertitta quickly distanced the organization. Though he never publicly condemned Morey, Fertitta emphasized that Morey was speaking as a private citizen and not for the organization.

But the winds have turned. The Knicks are facing criticism for not saying enough about the death of George Floyd. The Rockets – as apolitical as Fertitta says they should be – even released a statement on the death of Floyd:

How does Fertitta reconcile the different approaches?

Power Lunch:

Fertitta:

Speaking up of an issue in America and speaking up on an issue that’s somewhere else in the world are two different matters, OK? In America, we have free speech, and we can do whatever want to do and say whatever we want and not be penalize because of it. And that’s why we all love this country so much.

One hundred percent, I believe that you should not be a political organization, because we have 60 thousand employees and a hundred million customers, and we don’t always agree. It’s usually 50 percent one way and 50 percent this way.

But when it comes to an issue like this in America, you sure should speak out and say exactly what you want. And I encourage all my employees – from my basketball team to my restaurants to my hotels to my casinos – to speak out on this issue, and let’s make this world better and this country better that we live in that’s been great for so many of us.

I go back to what happened to Eric Garner in New York, which is a second home to me, and of course George Floyd, who is from Houston, Texas. And it’s inexcusable for two men to die like that, who did not appear to be putting up a fight. And I totally agree, and I understand the protests and the injustice out there.

And it’s really a shame that, because of a few bad people, that the distraction of protesting for the inequality, that we have to watch everything else. And we know this. There’s bad journalists. There’s bad CEOs. There’s a few bad cops. And there’s a few bad protesters. And it’s so disappointing, because I love that the protesting. That’s what makes America great.

And remember, we got in trouble, my team, earlier in the year because we commented about something, which was such a disapointment, because that’s what makes America great.

This is the most strongly – by far – Ferttita has supported Morey about the Hong Kong tweet. My question: Why now? When he tweeted, Morey was an American citizen who enjoyed the freedom of speech Fertitta espouses. Fertitta could have backed Morey like this at the time, even while maintaining a message that Morey didn’t speak for the organization.

Morey’s tweet cost the NBA, including the Rockets, a lot of money in China. Everyone quickly entered damage control. Fertitta appeared more focused on the financial ramifications than anything else.

Right now, it’s popular to stand for racial justice. Customers appreciate it. So, supposedly apolitical organizations like the Rockets are issuing statements on George Floyd.

That’s why I’m not looking to professional basketball teams for leadership on these issues. It’s easy when doing the right thing aligns with maximizing profits. When those things don’t align, it’s far messier.

Even in this interview, Fertitta struggled to keep his message consistent. He said both “Speaking up of an issue in America and speaking up on an issue that’s somewhere else in the world are two different matters” then later “let’s make this world better.” But after that slip into acknowledging global considerations, Fertitta jumped right back to “this country better that we live in that’s been great for so many of us.”

Some Americans focus on injustice in America. Some Americans are concerned with with injustice elsewhere. There’s not a major difference between those outlooks  – unless it screws up the money.