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.

Report: NBA opened investigation into free agency tampering

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Summer in the NBA is always the most interesting time in the league. Free agency lets us see where players have not only decided to land, but which have schemed together in order to play with each other.

The term “preagency” has been coined to mark the period in which teams and players work out deals before free agency officially opens, and well before the moratorium ends.

It’s been thought that these rules have been circumvented as part of a gentlemen’s agreement between all teams with equal ability to navigate around the written rules. But according to a new report, several team owners are upset about the way things are going in the player empowerment era.

ESPN’s Zach Lowe and Brian Windhorst reported on the NBA’s Board of Governor’s meeting this week, saying that the league has even opened an investigation into what went on this summer in terms of potential tampering.

Via ESPN:

Within days, the league opened an investigation centered on the timing of some of the earliest reported free-agency deals on June 30, sources familiar with the matter told ESPN.com. The scope of that investigation is developing. It is expected to include interviews with players and possibly agents and team employees, sources say.

The league has the power to punish teams it finds to be guilty of tampering ahead of June 30 at 6 p.m. Eastern Time — the first minute that teams are allowed to speak with representatives of free agents. It also might seek information on the timing of negotiations so that any revised free-agency calendar might better align with what is actually happening.

The investigation followed a tense owners meeting, which multiple sources described to ESPN. Charlotte Hornets owner Michael Jordan, speaking as the head of the labor committee, discussed the possible need to revisit free-agency rules in the next collective bargaining agreement, sources said.

I have two thoughts about this.

First, even if something does come of this, the fine has to be puny. Adam Silver has not strayed on the disciplinarian side the way David Stern did — much to his credit — and any reprimand is unlikely to satisfy upset parties.

Second, there will definitely be sweeping changes in the next CBA. So much has changed since the last lockout, and the money has gotten so big it’s inevitable that people want to make things better for their side. The players got themselves in a hole since 2011. They mishandled the cap jump in 2016, and the max contract rules didn’t create a rising tide that floated all boats. Star players benefited, but low-level guys are even more disproportionately compensated.

This stuff seems like the most boring part of the league, but in reality it’s what makes everything tick.

I won’t be surprised if the NBA levies tampering charges against one or even several teams. I’d be surprised if the league did much about it, though.

Wizards owner says John Wall ‘probably won’t play’ in 2019-20

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It was always likely that Washington Wizards star John Wall would be out for much of next year’s regular NBA season. The team has even filed for a disabled player exception for the 2019-20 season.

Now we have confirmation that the team is expecting Wall to miss significant time.

According to NBC Sports Washington’s Chase Hughes, Wizards owner Ted Leonsis has said that they are going to take things slow with Wall, and that he will miss serious time.

Via Twitter:

Washington is still trying to figure out what to do with Bradley Beal, and with Wall’s contract on the books, they don’t really have much of anywhere to go. The Wizards used their No. 9 overall pick on Rui Hachimura, which raised a few eyebrows.

But the team at least does have a GM in Tommy Sheppard, and they’ve made several hirings in the front office to try and out-think their competition. Washington has made a few moves, including trading for Davis Bertans and signing Isaiah Thomas.

Expect to see the Wizards at the bottom of the East next year. Still, that doesn’t mean they won’t be entertaining.

Is FIBA’s decision to move World Cup to year before Olympics reason for USA drop outs?

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FIBA made a mess of World Cup qualifying moving the games from the summer to during the season for the NBA and all the major European leagues. The USA qualified thanks to a team of G-League players coached by Jeff Van Gundy, but the process was not pretty. For anyone.

Now it could be another FIBA decision that has led to the rash of stars — James Harden, Anthony Davis, Bradley Beal, Damian Lillard, and others — deciding not to play for Team USA this summer.

Traditionally, the FIBA World Cup took place every four years, on the even-numbered year between Summer Olympic cycles. For example, the last World Cup was 2014, the Rio Olympics were 2016 with the Tokyo games in 2020. However, FIBA pushed this World Cup back a year to 2019 (instead of 2018) and that has changed the calculus for players, something Michael Lee of The Athletic speculated about.

For American players, the Olympics are the bigger draw, when more people watch. We grew up with the Dream Team at the Olympics, not the World Championships. That means if players have to choose, despite the allure of the Chinese market, they will choose the Olympics next year.

The other factor: The NBA feels wide open, with as many as eight teams heading into the season believing they can win the title. A lot of those contending teams have new players, which is leading players to prioritize club over country this time around.

This is different from 2004, when the NBA’s top players stayed home from the Athens Olympics because of a combination of terrorist concerns and players not liking coach Larry Brown. Today’s players love Gregg Popovich, but other concerns are weighing on them more.

It has left team USA without the biggest stars of the game — Kemba Walker is the only All-NBA player on the roster — but USA Basketball has such a depth of talent that they are still the World Cup favorites. The margin for error just got a lot smaller, however.

Giannis Antetokounmpo was working on jump shot with Kyle Korver (VIDEO)

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Giannis Antetokounmpo‘s jumper is getting better. Last season after the All-Star break he shot 31.5 percent from three (up from 22.3 before the ASG) and in the playoffs that jumped to 32.7 percent. He struggled on catch-and-shoot threes in those final 19 games after the ASG, shooting just 16.7 percent, but off the bounce he shot 33.8 percent after the break. Also, all of last season he didn’t take many long twos, but when he did he shot 41 percent on them.

What would make his jumper better? Working on his shot with the newest Buck, Kyle Korver.

Which is happening.

Be afraid NBA. Be very afraid.

Antetokounmpo recently said he is only at about 60 percent of his potential. If he can start to consistently hit threes off the bounce when defenses sag back off the pick-and-roll (trying to take away his drives), he might become unstoppable. Or, more unstoppable. If that’s a thing.