Jan 9, 2013, 9:10 AM EST
We never took the Maloofs or Virginia Beach seriously in their talks to move the Sacramento Kings to the eastern seaboard, and predictably the talks officially fell apart when Virginia Beach mayor Will Sessoms declared the deal dead for now on Tuesday.
There were a million reasons that deal was a farce – a sad ploy to manufacture leverage in George Maloof and his family’s ongoing attempt at getting something for nothing in an arena deal.
Still though, this marks the end for yet another painful chapter for Kings fans, who have endured as much uncertainty and shenanigans as any fan base on this side of Seattle. And as we learned late Tuesday night, the next chapter has already begun.
Super agent David Falk’s daughter Daina tweeted yesterday that Seattle billionaire Chris Hansen has already come to an agreement with the Maloofs to buy the Kings, calling it a “done deal.” Since those rumors hit the Twittersphere, she backed off a bit on her Facebook page and deleted her tweets at about 9 a.m. ET today (original here). Seattle writer Chris Daniels wasn’t in a hurry to address the “rumors” last night, adding that “it isn’t over until it’s over” and that’s a point of agreement here.
First off, the idea that a deal is closed is premature since the Board of Governors would have to approve it and that clearly hasn’t happened, let alone with a relocation request attached. Of course, a deal could be being negotiated in the background between the Maloofs and Hansen with or without the NBA’s participation, and she may be referring to some step in that process, but until she comments further or the next shoe drops this is mere speculation from a potential, albeit unlikely information source.
Either way, we’ll learn a lot in the next 24 hours as the various parties each respond to requests for comment at the start of business today.
As for the Maloofs, Tuesday’s Virginia Beach developments put them back at square one and they are running out of time and money to make their final move. They will either need to come up with a lot more money than they have right now to run a basketball team in the Sacramento market – a market that they torch regularly with their antics – or sell the team and that brings us back to where we were in early September.
For Seattle to ironically take the Kings from Sacramento, Chris Hansen will need to drastically overpay to purchase and move the franchise, and if the notoriously deliberate businessman wants to do that then the NBA will still need to get behind the deal.
Given the fact that Sacramento has come up with a “model offer of public funds” according to one league source, a decision to allow the team to move will not be made lightly, as it will necessarily hurt the league in its negotiations with other cities for future arena subsidies.
In this case, the city of Sacramento has done everything the league could ask for and then some to help build an arena. The implication is that the league is asking cities for long-term investments of public dollars, but not providing a reasonable expectation of a long-term partnership so long as that city continues to provide reasonable partnership dollars into the future.
The part that is most threatening for the league in this scenario is how publicly embarrassing the Maloof family has become to the NBA, creating a real-life equivalent to the movie Major League, and in this day and age of information those images are exponentially more accessible to the public than they have been in previous arena quagmires.
With the league and its players receiving $3 billion dollars in arena subsidy money since 1990, any shift in public sentiment or political resistance on the issue could cost the league an unfathomable amount.
If Hansen won’t pay drastically more than Sacramento, then the Maloofs will likely need to sell to one of a handful of serious buyers out of California’s capitol city that are ready to buy the team right now.
It’s theoretically possible that another city could come into play, but given the fact that Sacramento is a one-sport town with the No. 20 TV market – chances are moving the franchise won’t make sense for the league or a new owner.
George and his siblings can’t simply do nothing, as the sky is falling at Sleep Train Arena and it’s anybody’s guess when it won’t be suitable for NBA games. This situation will come to a head and the only question is when the family gives up.
And until the NBA effectively finds a way to nudge George Maloof and his siblings out of their clubhouse, they will continue to panhandle for arena money at the expense of the logo.
We’ll get an update to you guys as soon as we learn whether or not this Seattle rumor has any legs.
Dec 8, 2013, 12:30 PM EST
When Ray Allen chose to leave Boston as a free agent and join Eastern Conference rival Miami following the 2012 season, it didn’t sit well at all with two of the Celtics’ biggest stars. Paul Pierce and Kevin Garnett were upset by Allen’s decision, even though he wasn’t guaranteed a thing in Boston and was…
Dec 8, 2013, 11:00 AM EST
The reports surrounding the status of Rockets big man Omer Asik will continue their steady stream until the inevitable trade happens. Houston wanted to make it work with Asik playing alongside Dwight Howard, but that experiment failed and with Asik being disgruntled in his situation and constantly requesting to be traded, the Rockets seem determined…
Dec 8, 2013, 9:30 AM EST
Coming into Saturday night’s game against Dallas, the Blazers had used the top-ranked offense in the league to get out to a 17-3 start to the season, best in the Western Conference. Portland’s defense is ranked just 20th, however, and playing against a Mavericks team whose offense is ranked fourth and can score almost as…
Dec 8, 2013, 8:00 AM EST
The Nets are going through an especially rough time right now, and even mentioning as much seems like a gross understatement of the facts. Brooklyn has lost several of its key players due to injury, including Deron Williams, Paul Pierce, Andrei Kirilenko, and Jason Terry. Head coach Jason Kidd parted ways with assistant Lawrence Frank…
Dec 7, 2013, 11:00 PM EST
LeBron James and Dwyane Wade are simply devastating together when the Heat get out in transition, and this highlight from Miami’s easy win over a Timberwolves team playing without Kevin Love is a perfect example. Now of course, a two-on-none fast break will always result in points. But LeBron and Wade often make a spectacle…
Dec 7, 2013, 9:30 PM EST
Remember last season when an idiot fan in Cleveland ran into the court during live game action? Apparently, there are plenty more like him in that lovely city. During the second quarter of Saturday’s contest between the Cavaliers and the Clippers, we once again had a fan walk onto the court while the game was…
Dec 7, 2013, 8:00 PM EST
Luol Deng missed Saturday night’s game against the Pistons with a sore left Achilles, head coach Tom Thibodeau confirmed before tip-off. Deng’s status is listed as day-to-day, and it’s not believed to be anything serious. After averaging 48.5 minutes per game over the last two contests thanks to logging 56 minutes in a triple-overtime loss…
Dec 7, 2013, 6:30 PM EST
So, I had this whole thing written and ready about how Sixers coach Brett Brown doesn’t believe that Michael Carter-Williams is injury-prone, despite the fact that after sitting out Saturday, the rookie will have missed six of his team’s first 21 games. But then the news broke that Carter-Williams had been hospitalized with a bacterial…
Dec 7, 2013, 5:00 PM EST
Kobe Bryant will take the court on Sunday against the Raptors, seeing his first action of the season since suffering a torn Achilles injury this past April. The buzz surrounding Bryant’s long-awaited debut continued at the Lakers practice facility on Saturday, when Mike D’Antoni answered questions about how much Bryant will play, at what level,…
Dec 7, 2013, 3:31 PM EST
It’s all on Jason Kidd now. Lawrence Frank is gone as a scapegoat, Kidd is in charge of the ship — a 5-14 ship with the worst defense in the NBA. You can see how bad the defense is by looking at the stats, where you see the Nets give up a league-worst 108.6 points…
Dec 7, 2013, 2:00 PM EST
Kyrie Irving has been far from the dominating, game-changing point guard he showed capable of last season, and people around the league are beginning to take notice. He’s had games where he’s put up some decent numbers, but has done so inefficiently in recent weeks. After an 0-9 performance in Cleveland’s blowout loss to the…
Dec 7, 2013, 12:30 PM EST
If you’ve only been paying cursory attention to the NBA in its early stages this season, you may not have noticed the rise of the Portland Trail Blazers. But following Friday night’s 130-98 pasting of the Utah Jazz, Portland now has a record of 17-3 — the best in a very deep Western Conference. Guys…
Dec 7, 2013, 11:00 AM EST
The Knicks have won two straight in blowout fashion, looking a little like last year’s club with the hot three-point shooting and briefly returning some sense of sanity to the team and its fan base. The media has yet to catch up, however, as the reports and rumors continue to fly about Carmelo Anthony‘s future…
Dec 7, 2013, 9:30 AM EST
The Knicks rolled the Magic 121-83 on Friday to earn a much-needed second straight victory, but Orlando rookie Victor Oladipo came up with at least one play that was worthy of the highlight reel. As Carmelo Anthony drives the lane for what looks to be a certain slam, Oladipo rises up and rejects him at…
Dec 7, 2013, 8:00 AM EST
Kobe Bryant‘s return — and the Lakers’ decision to announce it with a video on Facebook of Kobe’s jersey — is the focus of the latest edition of NBC’s ProBasketballTalk Podcast with myself and Eyton Shander of NBC Sports Radio. We talk about what this means for the Lakers, both in the short-term this season…
Dec 6, 2013, 11:47 PM EST
Russell Westbrook wasn’t the only one showcasing his range under pressure on Friday. Paul Millsap of the Hawks heaved a shot from well beyond half court to beat the first quarter buzzer against the Cavaliers, and it found nothing but the bottom of the net. We’d like to tell you that this particular heave mattered…
Dec 6, 2013, 10:31 PM EST
Anytime a player on either team hits a shot from a distance that borders on the absurd, the announcers on the telecast seemingly can’t wait to break out the local references in describing just how far away the attempt actually was. In this case, we had Russell Westbrook hitting a shot from near halfcourt to…
Dec 6, 2013, 9:23 PM EST
Ray Allen couldn’t do it. Neither could Reggie Miller or Stephen Curry or any of the other three-point marksman you can name. Kyle Korver has now made a three in 90 consecutive games, breaking the record Dana Barros set in 1996. He did it midway through the first quarter from above the break on the…
Dec 6, 2013, 6:52 PM EST
Otto Porter, the No. 3 pick of the Washington Wizards and the guy seen as their small forward of the future, could make his NBA debut Friday night. Porter, who strained his hip flexor in September and missed all of training camp and the start of the season, is active for the Wizards Friday night…
Dec 6, 2013, 6:04 PM EST
Kobe Bryant decided to stay home from Sacramento, but he will be in the Lakers lineup Sunday night against Toronto. Steve Nash went with the Lakers up to Sacramento after a week of limited practices but nobody has any idea when we will see him. Or even if we ever will. Nash spoke with reporters…
- Report: Sixers a viable trade destination for Omer Asik 8
- Report: Jason Kidd safe as Nets coach until team gets healthy 5
- League execs on Kyrie Irving’s recent struggles: ‘He’s pouting’ 25
- Report: Knicks have ‘zero intention’ of trading Carmelo Anthony 13
- PBT Podcast for Dec. 7: Kobe’s back and for the Lakers that means…. 8
- LeBron says Wade is “getting that Kobe deal” in next contract. Should he? (64)
- Dwight Howard frustrated with Rockets’ effort in recent losses (50)
- Kobe Bryant dunks, looks good in Lakers practice; Friday return possible (45)
- Michael Beasley finding a role, groove in Miami (44)
- The Extra Pass: Our awards at the quarter pole, plus Monday recaps (42)