New potential owner for Kings takes lead in Sacramento group

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A few weeks back, David Stern was clear in saying that the Sacramento group had to sweeten its offer to buy the Kings if they wanted to stay in contention with the Seattle bid. It’s a negotiation, that statement didn’t catch the leaders in Sacramento off guard.

The question was what were they going to do about it?

How about bring in another billionaire to take the lead of the group? That is what has happened, reports the very connected Sam Amick at the USA Today.

Vivek Ranadive, founder of the $4 billion software company, Tibco, and a minority owner of the Golden State Warriors, has agreed to take a lead role in the group that was previously led by 24-Hour Fitness founder, Mark Mastrov, according to a person with knowledge of the move. The person spoke to USA TODAY Sports on the condition of anonymity because the agreement had not yet been announced.

Mastrov and supermarket mogul/part owner of the Pittsburgh Penguins Ron Burkle are still major players in both the bid for the team and the downtown arena effort that was expected to be revealed by way of a term sheet on Thursday, but Ranadive agreed to take part recently after pushing for a more significant say in personnel matters.

This certainly adds deeper pockets to the Sacramento bid. What it will mean to the other NBA owners remains to be seen, but likely it only helps the Sacramento side. Ranadive is not an NBA outsider but a minority owner of the Warriors (he would have to sell that share if the sale is approved).

The Maloof family has agreed to sell the Kings to a Seattle-based group that plans to move the Kings up to the city that lost the Sonics. That group is led by venture capitalist Chris Hansen and Microsoft CEO Steve Ballmer, and they valued the franchise at $525 million and have an agreement to buy 65 percent of it. They also have plans for a new arena moving forward, currently in the environmental review phase.

Both the sale and relocation would need to be approved by the other owners and NBA Commissioner David Stern has put the two votes on a parallel track. It requires a three-quarters vote of the other 29 owners to approve the sale — meaning Sacramento Mayor Kevin Johnson and his group need to sway eight other owners to their side to block the sale. If that sale is blocked, the Maloof family would in turn sell to the Sacramento group and the team would stay put.

If the sale is approved it only requires a majority vote of the owners to approve the relocation. Meaning if the owners approve the sale to the Seattle group they will approve the relocation.

There is a whole lot more complexity to this sale — a city loan to the Kings to the Maloofs, a current Kings minority owner trying to make another bid, thoughts about precedent the sale could have on future owners’ sales, all the way to discussions of television market size and per capita income — that we have discussed in detail multiple times at PBT. Right now NBA ownership committees are doing their research on the sale and relocation, and how all that impacts the league. Those committees will meet April 3 — where Johnson and the Sacramento group will make a pitch to the committees for sure.

In the end, the owners will vote at meetings in New York April 18-19, but right now is when the lobbying behind-the-scenes is taking place. And the Sacramento bid likely just got better.

LeBron James: ‘I almost cracked’ with Lakers’ slow start

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LeBron James has played in eight straight NBA Finals.

How’s he handling reduced expectations with the Lakers, who started 2-5 before rising to 7-6?

LeBron, via Chris Haynes of Yahoo Sports:

‪“I haven’t changed anything outwardly, but you know me. You know how I am. I almost cracked [last week]. I had to sit back and remind myself, ‘[Expletive], you knew what you were getting yourself into,’” James told Yahoo Sports while laughing after Saturday’s win in Sacramento. “This process has been good for me. I just have to continue being patient.”‬

LeBron warned everyone to stay clear when he loses his patience, but he has never sounded close to losing it this season. He signed a four-year deal with the Lakers, said he doesn’t feel urgency to win quickly before his prime ends and seems content to wait for a co-star.

If anything, it seemed LeBron might be too relaxed, enjoying the Los Angeles lifestyle and focusing on showbusiness.

So, this is a welcome sign of his competitiveness.

Also kudos to LeBron for harnessing it unlike others in the organization. These Lakers need time to determine how these oddly shaped pieces fit together – unless a star becomes available. Then, all bets are off.

Dwyane Wade: Making Carmelo Anthony ‘fall guy’ doesn’t address the ‘real problem’

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LeBron James, Dwyane Wade, Carmelo Anthony and Chris Paul – the banana-boat buddies – comprise the NBA’s most famous friendship group.

With Anthony nearing his end with the Rockets, that puts Houston teammate Paul in an awkward place. But Wade and LeBron are speaking up. So are the Trail Blazers’ Evan Turner and Damian Lillard.

Wade:

LeBron:

Evan Turner:

Damian Lillard:

It’s unclear whether Wade is scolding the Rockets or fans/media. That comment is far more loaded if he’s referring directly to the organization. I wonder what he sees at the “real problem” in Houston.

A struggling team waiving a minimum-salary player is rarely viewed as making that player the scapegoat. But Anthony has an outsized reputation due to his long, star-level career. With that in mind, Rockets general manager Daryl Morey tried to defend Anthony.

But Anthony is a part of Houston’s problems. He’s awful defensively and shooting poorly. There is mounting evidence he’s washed up. Downgrading his role, whether or not that includes waiving him, is a step in the right direction for the Rockets.

It won’t solve everything, and Anthony – after all that he has done in the NBA – should be treated with respect. But there’s no way around his substandard current level of play.

Report: Jimmy Butler planned to hold out from Timberwolves unless traded, informing team during Friday’s game

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According to one narrative, the Timberwolves decided after Friday’s loss to the Kings to trade Jimmy Butler.

But he might have forced their hand, resulting in his trade to the 76ers.

Jon Krawczynski and Shams Charania of The Athletic:

Butler decided he would play on Friday night, but he viewed it as the fork in the road. If the Timberwolves didn’t find a deal to fulfill his long-simmering trade request after that, he would begin to sit indefinitely, league sources told The Athletic.

The Kings defeated Minnesota 121-110 to push the Timberwolves to 4-9 and a winless road trip; Butler had 13 points, eight rebounds and eight assists in 41 minutes. He had played almost 124 minutes in the last three games, all losses, and at halftime of the final one, the Wolves were informed that this was it for Butler, sources said.

Butler reportedly held out for a game a couple weeks ago, though he and Minnesota both denied it. It’s quite believable he would’ve held out again if not traded. Still, informing the team during a game he’s playing would have been quite bold.

I’m not sure who actually blinked first. This could be an I-quit, no-you’re-fired (or vice versa) scenario. Both Butler and Timberwolves president-coach Tom Thibodeau are stubborn.

But the most important thing is Butler is gone and both sides can move on – whatever ugliness preceded the trade.

Jimmy Butler on being a Sixer: ‘I’m ready to get started, we got a little ways to go’

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Jimmy Butler is officially a member of the 76ers.

His plane landed in Philly Monday and a camera crew from NBC Sports Philadelphia was there to get his first words on being a member of the Sixers. (You can see the video above.)

“I’m ready to get started, we got a little ways to go, we got some things to figure out. But all-in-all, I look forward to it,” Butler said out the window of the car that picked him up.

What should Sixers fans expect?

“Hard playing. A guy that wants to win. We got some things we want to get done here, we want to win a championship. I think the core group of guys we have, we’ll figure out a way to get it done.”

After that he rolled up the window and drove off… and we assume cranked up the country music.