We told you last night the deal was agreed to confirming a week of rumors that an agreement to sell the Sacramento Kings to a Seattle-based investment group led by Chris Hansen had been reached.
The NBA confirmed that Monday morning releasing a statement:
“The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen. The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board’s committee process for review.”
Gavin Maloof, one of the Maloof family members that owns the team released a statement:
“We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members.
We would also like thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise.”
As Tom Ziller pointed out on twitter, nice job not mentioning Sacramento once, Maloofs.
Neither side is confirming the details of the deal, but we know that the franchise is valued at $525 million and the Hansen group is buying 65 percent ownership.
We’ve already detailed the future steps in this process.
Terry Rozier takes solace in how much Danny Ainge believes in him.
But I didn’t appreciate how deep their bond went.
Appearing on Bleacher Report’s live draft show, Rozier was asked to predict the Celtics’ No. 27 pick. So, Rozier called Ainge to ask. Shockingly, Ainge answered – with Boston on the clock. Almost certainly not knowing the call was public and live, Ainge revealed the likely selection:
Good thing the Celtics stuck with Robert Williams. That would have been extremely awkward otherwise.
As is, it was only a little awkward. Williams said today he doesn’t like to be called Bob.
Paul George has openly stated the appeal of playing for his hometown Lakers. He has also openly stated the appeal of staying with the Thunder.
That has created significant confusion about his upcoming free agency.
Could George find a compromise outcome?
Marc Stein of The New York Times in his newsletter:
More than one rival team has suggested to me that they expect George to strongly consider a two-year deal with the Thunder at $30.3 million next season and $32.7 million in 2019-20 that includes a player option to return to free agency next summer.
This makes sense on paper.
A 1+1 contract would give George more time to determine whether he and Russell Westbrook can win together in Oklahoma City without getting stuck there long-term if they can’t. The Thunder were starting to put it together when Andre Roberson got hurt. Perhaps, Roberson getting healthy would swing Oklahoma City’s fortunes.
George would also be eligible for a higher max salary in two years – 35% of the salary cap, up from 30% if he signs now. So, a short-term contract would allow him to maximize his potential earnings.
But George said he wanted to sign somewhere long-term this summer. He also suffered an extremely gruesome leg injury just a few years ago. He might not want to bypass guaranteed money to gamble for a little more later.
Are these rival teams just looking at the general outlook for a player in George’s position without considering his specific circumstances? Or do they know something? George could have informed teams he might become available in 2019 or 2020 so they should prepare.
I’m skeptical this is more than speculation by opposing teams. But the possibility that they’re basing their expectations on inside information makes this worth monitoring.
Mikal Bridges‘ mom jumped up, pumped her fists and screamed “Yes!” through her giant grin.
The 76ers – the organization she works for in human resources – had just drafted her son No. 10 overall. Bridges, a Philadelphia native who played at Villanova, seemed as if he’d stay home for his pro career.
She’s very, very excited. She’s been wanting this. She’s probably more excited than I am. She was about to cry and all that. She said she didn’t want to ruin her makeup, so she’d try to hold it in. But no, she’s very excited. I’m her only son. I’m a little mama’s boy. Her son is right there around the corner again, and it’s just really cool.
Except, as Bridges was talking, the 76ers were trading him to the Suns for No. 16 pick Zhaire Smith and the Heat’s unprotected 2021 first-rounder.
That extra pick carries major value. Even if you like Bridges much more than Smith – which I did, especially considering their fits in Philadelphia – that’s hard to pass up. The NBA is a business after all.
But it’s lamentable how this played out.
The Kings drafted Marvin Bagley No. 2 last night (seemingly for bad reasons, which doesn’t at all eliminate him from being the right pick but makes it less likely he is). He’ll join a young core also comprised of Bogdan Bogdanovic, De'Aaron Fox, Buddy Hield, Willie Cauley-Stein, Skal Labissiere, Justin Jackson and Harry Giles.
That group excite you?
Kings general manager Vlade Divac isn’t reducing expectations.
Lina Washington of ABC 10:
To be fair, in 2012, the Warriors were coming off a 23-43 season with Stephen Curry and Klay Thompson already on the roster and had just drafted Draymond Green and Harrison Barnes. Everyone would’ve laughed at calling Golden State a “super team, just young” then. But those four (plus Andre Iguodala) eventually led the Warriors to a championship.
But, really: Nah.
Entering the 2016-17 season, then-Knicks guard Derrick Rose said, “They’re saying us and Golden State are the super teams.” We mocked Rose relentlessly, and of course, the Warriors went 73-9 while New York finished just 32-50.
How long until Divac’s young super team reaches even 32-50?