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.

Derrick Favors, Mason Plumlee ejected after scuffle during Jazz, Nuggets game (VIDEO)

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The most pressing question out of this is not even the fight itself.

In the first quarter of Utah’s eventual win over Denver, Jazz big man Derrick Favors got tangled up with Denver’s center Mason Plumlee. Favors pulled Plumlee’s arm, at which point Plumlee came back and got in his face, then Favors shoves Plumlee and a little scuffle breaks out.

Both Favors and Plumlee were ejected for the incident. Utah’s Royce O’Neale and Denver’s Will Barton picked up technicals.

None of that is what people are talking about.

Watch the video again: Denver’s Nikola Jokic leaves the bench during the fight and heads down the baseline — by the rule that should lead to a suspension. Jokic never steps on to the court (he stays along the baseline) and never engages with the combatants. Still, guys have been suspended for less.

Jokic went on to score 28 points, grab 21 rebounds, and he dished out 6 assists. It wasn’t enough as Rudy Gobert had 15 points and three blocks, and Donovan Mitchell had 35 points in a 114-108 Jazz win, one of their best in the season in what was a highly entertaining game.

James Harden scores 61, ties Kobe Bryant’s Madison Square Garden visitor’s record (VIDEO)

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James Harden has been on a Wilt Chamberlain-level streak the past few weeks, it’s unlike anything we have seen in the modern NBA.

Wednesday night he topped himself.

James Harden scored 61 points against the Knicks. That would be:

• Harden’s career high.
• Tied with Kobe Bryant for most points scored by an opponent in Madison Square Garden (Carmelo Anthony holds the overall record at 62).
• A Rockets’ franchise record.
• His 21st consecutive 30-point game, tying Chamberlain for fourth-longest such streak in league history.

Oh, and Harden had the seal and dunk that sealed the win.

Harden also had 15 rebounds in the game. The last player to have 60+ points and 15+ rebounds in a game? Some guy named Shaquille O’Neal back on March 6, 2000, with the Lakers.

Harden is playing like an MVP — and the banged-up Rockets need him to if they are to have a chance to win every night.

Report: Wizards not trading Bradley Beal, but if team slips Otto Porter could be available

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The Washington Wizards have won 7-of-10 and have climbed up to the nine seed, just a couple of games out of the playoffs in the East. Without John Wall, the Wizards are making a push to get into the postseason.

Which impacts whether they are willing to trade players at the deadline.

The Wizards are not trading Bradley Beal — the most coveted of their stars — but might be open to Otto Porter trades if the team slides back, reports Shams Charania of The Athletic.

Wizards star guard Bradley Beal is not going anywhere, which Washington has made adamantly clear, league sources told The Athletic. Depending on how the next week to two weeks shape up, the Wizards could look more aggressively toward moving Otto Porter. The Utah Jazz have been an interested suitor for Porter, league sources said.

History suggests the Wizards will not be sellers. The pattern for owner Ted Leonsis and GM Ernie Grunfeld has always been to think short term and make the playoff push, even when it was not the smart thing to do. We should expect that again. Maybe Washington crawls into one of the final playoff slots in the East, but is that the smart play?

Don’t expect the Wizards to move Porter, even if they wanted to finding a team to take on his $26 million for 13 points a game this season would be difficult (although Utah would be a good fit), plus Porter is owed $27.3 million next season and has a player option he very likely will pick up for $28.5 million two seasons from now.

Pacers’ Victor Oladipo stretchered off court after scary knee injury (VIDEO)

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Let’s hope this is not as scary as it looks.

Pacers’ All-NBA, All-Star guard Victor Oladipo was trying to defend a length-of-the-court pass to Pascal Siakam when Oladipo went down with a brutal knee injury were his kneecap was clearly not in the right place. Oladipo had to be taken off the court on a stretcher. The video is below, but be warned this is not pretty.

The team’s official announcement called the injry “serious.”

Oladipo is the Pacers’ best player and was a lock to be an All-Star reserve averaging 19.2 points, 5.7 rebounds, and 5.2 assists a game this season in Indiana. His efficiency had dropped his season as teams game planned more for him. Beyond that, you’d be hard pressed to find a kinder, more genuine person around the NBA than Oladipo.

Quickly the NBA community rallied on social media to Oladipo.