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.

LeBron, Anthony Davis and… Kemba? What are the Lakers next steps to contention

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We have seen this before, the Lakers add a superstar player — Pau Gasol via trade, Shaquille O’Neal via free agency— and instantly vault up to being a title contender.

Of course, we have seen the Lakers add superstars in the offseason — say Dwight Howard and Steve Nash — and watch the whole thing blow up due to injuries and chemistry issues.

Neither of these scenarios is completely off the table with the LeBron James and Anthony Davis Lakers, which is coming together now after the Lakers have agreed to a trade for Davis that sends Brandon Ingram, Lonzo Ball, Josh Hart, and three first round picks (including the No. 4 pick in the 2019 Draft) to New Orleans.

The Lakers look like contenders on paper right now, but they have to round out the roster in a smart way.

Two key things will differentiate success and failure with these Lakers.

First is injuries. It’s obvious to state, but Davis has an injury history, and LeBron missed 18 games with a groin injury last season, the most time he has ever missed with an injury, but that’s what comes with age.

Second is how the Lakers round out the roster. After the trade, the Lakers will have LeBron, Davis, Kyle Kuzma, Moritz Wagner, Isaac Bonga… and that’s it. They need to add 10 players.

The Lakers will have $27.7 million available in cap space on July 1 — that is not enough to sign Jimmy Butler or Kemba Walker to max deals. Both of them have been linked to the Lakers on various levels.

Sources have told me that after qualifying for a “supermax” contract extension (five years, $221 million), Walker is leaning heavily toward staying in Charlotte, a city he has grown to love (and his family enjoys). He could even give the Hornets a little hometown discount on the back end of that deal and have more than the max the Lakers or any other team could offer him. The question is, does this trade and the chance to chase a ring alter Walker’s thinking?

Butler, also, reportedly is leaning toward re-signing with the Sixers if they offer him a full five-year, $191 million max deal as expected (with Butler’s injury history, that fifth year only Philly can offer will matter to him).

What the Lakers could do, as suggested by cap guru and consultant to NBA teams and agents Larry Coon, is to draft whoever the Pelicans want, sign that player July 1, then trade him 30 days later (the first chance he is eligible) as part of the Davis deal. Do that and the Lakers would have the $32.5 needed for a max slot.

Are the Lakers better off not chasing a star and using that free agency money to land three or more quality, solid NBA rotation players? That’s an internal discussion they need to have.

Beyond that, the Lakers will have the room exception at $4.8 million and no other space.

Just like last year, the Lakers will need to bring in veterans on minimum contracts — and this time they may want to get some shooting in the mix. The challenge there is guys are taking minimum contracts for a reason, if they could secure longer and more lucrative deals they would. There are far fewer vets willing to take a lot less to chase a ring than fans realize.

Brandon Ingram, Josh Hart seem happy with trade; Twitter blows up over deal

Associated Press
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The Toronto Raptors got to have the basketball world to themselves for 43 hours…

And then the Lakers traded for Anthony Davis. The deal is Davis to the Lakers for Brandon Ingram, Lonzo Ball, Josh Hart, and three first-round picks, including the 2019 pick in this upcoming draft.

There was plenty of bad chemistry with the Lakers after the trade deadline and how an attempt to trade for Davis went down, so maybe we shouldn’t be shocked Ingram and Hart seem just fine with this deal.

LaVar Ball was at the Drew League in Los Angeles, watching his son LaMelo play when the news came down.

Of course, social media blew up around the NBA when the trade was announced.

twitter.com/Kneel2ThaCrown/status/1140028038995947520

And this is just awkward…

Report: Anthony Davis traded to Lakers for Lonzo Ball, Brandon Ingram, Josh Hart, picks

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LeBron James has his second star next to him.

Anthony Davis has landed exactly where he wanted.

Things had been building toward this for more than a week. Boston was holding back — meaning they would not put Jayson Tatum in an offer. The Clippers and Nets couldn’t get any traction. And there were the Lakers with a quality package that was as good as it was likely going to get.

In the end, that deal — one the Pelicans did not take at the trade deadline — got it done.

Anthony Davis is on his way to the Lakers for Brandon Ingram, Lonzo Ball, Josh Hart, and three first-round picks including this year’s No. 4, a story broken by Adrian Wojnarowski of ESPN.

The trade will not be formally consummated until after July 1 for salary cap reasons, but it’s done.

Pelicans’ new president David Griffin came in with an open mind and clean slate. At the trade deadline there was a “we’re not going to send Davis where he wants” mentality from New Orleans. Pelicans management felt put on the spot by the timing and public nature of the trade request by Davis’ agent, Rich Paul, and they didn’t want to feel rushed into a trade they didn’t want.

Griffin, however, saw the big picture — take the best offer, the trade isn’t about where Davis lands, it’s what’s best for New Orleans. That could have been Boston, but with Kyrie Irving having one foot out the door and almost certainly not re-signing with the team, the Celtics couldn’t go all-in on an offer and give the Pelicans what they wanted — Jayson Tatum.

No Tatum offer meant Lakers GM Rob Pelinka had leverage, so he was able to keep Kyle Kuzma out of any trade, something that mattered to Los Angeles.

While how the Lakers round out their roster will matter — they may want to add some shooting this time — this trade vaults them into contender status, especially in a West with an injury-riddled Golden State squad.

This may have been the Lakers only viable path to a star this summer, the star free agent market was not — and is not — lining up to be kind to them. Even with this trade. Which is why this is a move the Lakers had to pull off.

They did. This is a big win for a Lakers’ front office that has been maligned and called dysfunctional around the sudden stepping down of Magic Johnson.

Davis will play out his contract and become a free agent, something reported by Chris Haynes of Yahoo Sports, but also obvious under the current salary cap rules. Davis’ max extension is two-years, $67 million in addition to his current deal (and it could be less than that if he gave up some of his trade kicker in this deal), his free agent contract will be five-years pushing $200 million. That is a no brainer. He will re-sign with the Lakers.

The Pelicans got a serious haul here that jumpstarts a rebuild: Zion Williamson and Brandon Ingram as the forwards, whoever they take with the No. 4 pick (or trade that pick for, a real possibility), Lonzo Ball will play alongside Jrue Holiday, who is primarily a two-guard now (and Ball should thrive in Alvin Gentry’s up-tempo system, it plays to his strengths), Josh Hart is a solid role player. That is a team that could hang around and compete for a playoff spot in the West if things break right for them.

Just picture Lonzo throwing lobs to Zion. This team is going to be fun.

Beyond that, if Williamson develops into who many think he can be — a top-five kind of player in the league — the Pelicans may be a force in about 2023, right as the LeBron era in Los Angeles winds down.

 

Adam Silver hopes lottery changes, recent results will slow down tanking

Associated Press
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The NBA league office HATES tanking.

The league hates that teams see it as a strategy, and they hate the idea that there are fan bases actively rooting for their team to lose. The league sees that as a destructive force. What the fans see is a shot at Zion Williamson (or, the next great player). So the league changed around the lottery odds this season, and the Pelicans (with just a six percent chance at it) jumped up to the No. 1 spot, while the teams with the three worst records will pick third, fifth, and sixth.

NBA Commissioner Adam Silver told Rachel Nichols of ESPN he hopes the lottery changes, and the most recent results, end the worst of tanking (via Royce Young at ESPN).

“Where I think it’s the greatest success is, hopefully it’ll stop fans in those markets from rooting for their teams to perform poorly,” Silver said prior to Game 6 of the NBA Finals at Oracle Arena. “Because that race to the bottom is just destructive, I think, for everyone. Corrosive for players and franchises, and I think, in some cases, even some executives who knew better felt they couldn’t withstand the pressure from the communities, from the media in some cases, saying, ‘Why are you operating at this level when you should either get much better or much worse?’…

“I think in this case now with the change in the lottery, people are going to realize that there’s only one way to build a franchise,” Silver said. “Of course, you need to get great players, but at the same time you need to build culture, you need strong management, you need strong coaching. And players incrementally get better year after year. I mean, look at these two great franchises. It’s wonderful from a league standpoint to see the Warriors and the Raptors, two incredibly well-run franchises from top to bottom, here representing the league.”

The Warriors and Raptors are certainly well run, but lottery luck is still going to shape franchises as long as there is an NBA Draft. It’s the nature of a sport where you need at least one and probably two of the top 15-20 players in the world to win a title, for a lot of cities getting that player will only happen via the Draft.

What the change in lottery rules does is just move the inflection point. There may be reduced value in having the very worst record, but for a team that looks like it is on the playoff bubble at Christmas, the calculus changes: Tank the rest of the way, get maybe a six percent chance a the No. 1 pick and look what can happen. Some teams will still chase the playoff berth (and the gate revenue that comes with it), but not all. Teams will make different choices in the middle of the pack now because their lottery odds are better with this system.

It will be a few years before we fully see and understand the impact of the new lottery odds, but tanking on some level will be part of the NBA so long as there is a draft. And some fans will want their team to do it.