Arena group proposing rapid construction timeline in Seattle

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SEATTLE (AP) — A proposal to remodel KeyArena now has an ambitious timeline that could have it ready to house a professional franchise within three years.

The timeline was laid out in a proposed memorandum of understanding between Seattle and Oak View Group. The MOU will be presented to the Seattle City Council on Tuesday but the final version of the agreement won’t be voted on until the first week of December at the earliest.

Still, the draft agreement is a significant step in the process of redeveloping the city-owned building through a privately financed project that officials believe will finally lure the NHL or NBA – or both – to Seattle. KeyArena housed the NBA’s SuperSonics until they relocated to Oklahoma City and became the Thunder. Oak View Group believes it can have the building ready by October 2020 if environmental approvals are obtained and demolition can start in October 2018.

“I think the most important part of this MOU is the fact it states very clearly to the leagues that this project is going to happen, we do have a deal with the city, they can make a deal. They are very focused ultimately not only on building a new arena here and giving us the partnership and certainty in order to do that,” OVG CEO Tim Leiweke said.

“But more importantly it sends a very strong message now to the NBA and to the NHL that everyone worried about, `Yeah will it ever get done with the city? Will they ever be able to get to the finish line? Will you ever possibly get this deal done within the politics of Seattle and the Seattle process as everyone likes to call it?”‘ Leiweke said. “Guess what? Game, set and match. We clearly send a message to everyone that this will get done, this will get built and we are ready now to go get one and hopefully soon, two teams.”

The timeframe is sure to attract attention, including from the NHL. OVG has not hidden its intentions to be aggressive in an attempt to obtain an NHL expansion franchise soon after the arena agreement is finalized. Likewise, the NHL has not hidden its interest in Seattle, the No. 14 media market in the country and the only market in the top 25 that does not have an NBA or NHL team.

OVG has lined up billionaire David Bonderman and filmmaker Jerry Bruckheimer as the lead owners for a potential NHL franchise.

“From our standpoint, this timeline is geared toward what we believe is the optimal timeline in order to begin to get a team or two for Seattle,” Leiweke said.

The project is expected to total about $600 million and Oak View is also on the hook for another $40 million to help improve transportation in the area around Seattle Center. They are also responsible for regular facility upgrades for the life of the 39-year lease agreement. Should those upgrade requirements be met, there are two eight-year lease extensions that will be activated, and carry the entire life of the lease agreement to 55 years.

In all, OVG is liable for about $168 million in capital investment upgrades on the facility during the life of the lease. The project will be financed through a mix of revenue streams. OVG also has financial backing from Madison Square Garden Entertainment.

Among the other details of the MOU:

– OVG will be required to pay yearly rent equal to what the city is making off KeyArena now, estimated to be $2.6 million at the start.

– OVG will pay for the displacement and relocation of existing tenants on the Seattle Center campus during the construction.

– OVG will assume the city’s current obligation to the Seattle Storm or arrange a new deal with the WNBA team.

“One of the principals that we had was the city would never go backward as far as its ability to maintain the revenues that were received through the operations of KeyArena going forward,” said Brian Surratt, the director of the Office of Economic Development for the city. “We would be partners in any deal moving forward.”

The negotiations between the city and OVG have come as a similar agreement between the city and investor Chris Hansen is in its final stages. Hansen and the city agreed to an arena plan in 2012 that was contingent on Hansen acquiring an NBA team and included some public investment in a project to be constructed near Safeco Field.

Hansen has since offered a completely privately financed project, but has continued to run into road blocks in getting final approvals to make his arena “shovel-ready” should an NBA team become available. Hansen’s agreement with the city expires Dec. 3, meaning OVG’s agreement with the city could be approved as early as the week of Dec. 4.

PBT Podcast: Philadelphia 76ers 2022-23 season preview

2022-23 Philadelphia 76ers Media Day
Jesse D. Garrabrant/NBAE via Getty Images
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The Philadelphia 76ers are title contenders — if James Harden and Joel Embiid can play up to their potential on the biggest of NBA stages. That hasn’t always happened before, particularly with Harden.

Those two are now set up well. Philadelphia learned its lessons from the playoff loss to Miami last season. GM Daryl Morey rounded out the roster with more toughness and two-way players in the form of P.J. Tucker, Danuel House and DeAnthony Melton. Add in the development of Tyrese Maxey and Matisse Thybulle and you have a deep roster of quality players — down to BBall Paul.

Noah Levick of NBC Sports Philadelphia joins me to discuss if Doc Rivers is ready to take this team to the next level, and if all the additions can come together when it matters. Can Harden shake his history of playoff reputation and lead a team to the Finals?

You can always listen to the entire podcast below, listen and subscribe via iTunes at ApplePodcasts.com/PBTonNBC, subscribe via the fantastic Stitcher app, check us out on Google Play, or anywhere else you get your podcasts.

We want your questions for future podcasts, and your comments, so please feel free to email us at PBTpodcast@gmail.com.

When will LeBron James break Kareem’s all-time scoring record?

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LeBron James is trying not to think about it too much.

“The only time I’ve kind of like thought about it is when someone, you know, been posting on social and it went through my scroll, through my feed, and I’ve seen it,” LeBron said at Lakers’ media day. “And every single time I’m kind of in awe of it, like, wow.”

The wow is breaking Kareem Abdul-Jabbar’s all-time NBA scoring record.

It was a record thought almost untouchable at 38,387 points, but now LeBron sits just 1,326 points shy of breaking it — health willing, he should pass Kareem this season.

When? Well, that takes a little math and speculation.

LeBron scored 30.3 points a game last season, but the two seasons prior to that it was closer to 25 points a game. If we split the difference and land at 27.5 points per game, it would take 48-49 games. We have to assume that 37-year-old LeBron (turning 38 just before the New Year) will sit out at least a couple of those first games, pushing this back a few games.

Considering LeBron could slide back in scoring to close to 25 a game again, the smart bet is he breaks Kareem’s record in late January or early February. The Lakers have a five-game East Coast road trip that includes Boston and New York starting Jan. 28 and running through Feb. 4, and that’s about the window.

“To sit here and to know that I’m on the verge of breaking probably the most sought-after record in the NBA, something that people say will probably never be done, I think it’s just super like humbling, for myself,” LeBron said. “I think it’s super cool.

“And you know, obviously Kareem has had his differences, with some of my views and some of the things that I do. But listen, at the end of the day, to be able to be right in the same breath as a guy to wear the same [Lakers] uniform, a guy that was a staple of this franchise along with Magic and Big Game [James Worthy] over there for so many years, especially in the 80s, and a guy that does a lot off the floor as well. I think it’s just super duper dope for myself to be even in that conversation.”

Having been in the spotlight for as long as LeBron has — remember he was on the cover of Sports Illustrated as a high schooler — he can be very practiced, very polished with the media. His brand is smooth, as are his dealings with the press in general.

However, when talking about passing Abdul-Jabbar, it felt like LeBron’s guard was down. He was raw, more reflective and genuinely moved.

“You guys always see me use my hashtag #thekidfromakron and that those are the moments where I really think about that kid from Akron. Walking those streets and, you know, playing basketball when I had actually had a basketball and the hoop, or actually just walking around and air dribbling and shooting into it and invisible hoop you know, and counting 5…4…3…2…1 and, you know, making game-winning shots.

“I’m not going to put too much pressure on it throughout the season. But I think it’s a pretty historical moment when it gets here and you know, as long as my family and friends are all there that’s that’s the most important for me.”

LeBron’s family will undoubtedly be there, and the whole world will be watching. Longevity and LeBron’s ability to be great into age 38 (and beyond) is part of his GOAT argument — and there is no better cornerstone of that argument than being the game’s all-time leading scorer.

Suns fall to hot shooting Adelaide 36ers from Australia, 134-124

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The Adelaide 36ers may be from Australia’s National Basketball League, but they are professional players — leave them wide open and they will hit shots.

Phoenix treated Sunday like their first preseason game (it was) and the 36ers hit 24 3-pointers on their way to an upset of the Suns, 134-124. The 36ers were the aggressors all night long, playing team basketball and putting Phoenix on its heels.

It’s just preseason. One preseason game is not a bellwether for the season, there should be little more than raised eyebrows in Phoenix. However, with their last game being a crushing 33-point loss to Dallas which eliminated them from the playoffs a season ago, this was not the palate cleanser that Phoenix fans were hoping for.

Craig Randall — you may remember him from the University of Memphis and Tennessee-Martin — scored 35 points while Robert Franks added 32. The 3-point shot is the great equalizer in basketball and the 36ers were on fire.

 

The last NBA team to lose to an International squad before Sunday was the Thunder in 2016 to Real Madrid. The year before, Turkish power Fenerbahce beat Brooklyn in the preseason. It does happen.

Reserve point guard Cameron Payne led the Suns with 23 points, while Deandre Ayton looked solid and dropped 22, as did Mikal Bridges, who also had 22. Devin Booker had 13 points and Chris Paul dished out 12 dimes.

With the size of Ayton and the athletic slashing of Bridges, the Suns scored 64 points in the paint, more than doubling the 36ers. But math was not on the Suns’ side, as they traded twos for threes and kept falling behind.

This is great for the NBL and its efforts to grow the brand — the 36ers will now take on the Thunder later this week.

It’s a shrug and move on game for the Suns. Expect a more focused effort from the team next game.

Heat, Tyler Herro agree to four-year, $120 million extension (with $10 million in incentives)

Miami Heat Media Day
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Tyler Herro was frustrated — he saw players he felt he was better than getting paid.

Now he has a contract he will have to live up to.

The Heat have signed Herro to a four-year, $120 million extension of his rookie contract, with up to $10 million in incentives) a story broken by Adrian Wojnarowski of ESPN and now confirmed by the team.

Herro went to Twitter to confirm the deal himself.

“Tyler is an impact multi-faceted player and we are excited to have him signed for the next five years,” Heat President Pat Riley said in the statement announcing the signing. “His improvement every year since we drafted him has led to this day. We believe he will continue to get better.”

This is a straight four years, no options for either side.

Signing an extension takes Herro off the table for any trades to upgrade the Heat roster this season. Herro had been at the heart of the rumors about the Heat and Kevin Durant, as well as other teams.

Herro’s new contract extension is a big bet on the wing taking another step forward this season and beyond. The deal is a little larger than expected (the conventional wisdom had Herro coming in close to the $107 million RJ Barrett got with the Knicks). Ira Winderman of the Sun Sentinel and I have discussed Herro’s price before and didn’t quite picture it this high, but with the rising cap over the next few years this deal may not look out of line.

Miami stepped up and paid the reigning Sixth Man of the Year high-level starter money — now he has to earn that job and that paycheck.

Mostly, he has to improve on defense so Eric Spoelstra can trust him at the end of games and deep into the playoffs (while Herro has had big playoff games, his role shrunk deeper in last postseason because of his defense).

Herro puts up numbers — 20.7 points a game on 39.9% from 3 last season — and is the reigning Sixth Man of the Year, but does this new deal move him up in the Heat offensive pecking order with Bam Adebayo and Jimmy Butler? Probably not in crunch time (and if Kyle Lowry bounces back this season, there could be games where Herro is option No.4).

This locks up part of Miami’s roster going into the season, but they are still on the look for depth at the four. Don’t consider this roster settled.