Jan 9, 2013, 8:34 PM EST
Things can change. There was already what was supposed to be a final game in Sacramento that turned out to not be so final. And anyone who doesn’t think the Maloofs can change their mind at the last minute didn’t watch the arena negotiations in Sacramento a year ago.
But the Maloof family selling the Kings franchise to Seattle’s Chris Hansen/Steve Ballmer group for around $500 million is moving fast down the road to reality.
And it’s what David Stern wants, which makes it all the more likely. And he wants it to happen before March 1 so the new owners can file to move the team to Seattle next season (a lame-duck year in Sacramento would be ugly).
When the news broke Wednesday that a deal was close, it seemed to come out of nowhere. But these talks didn’t. They have been going on months or longer and I was told have been serious for a little while. More serious than Virginia Beach ever was because the money is there in Seattle. Hansen’s company is pitching in for the arena and to buy the team and it is a $2.7 billion firm. Ballmer is worth more than $15 billion by himself.
They can overpay for the franchise, pay relocation fees, and whatever else. While the City of Seattle is going to pitch in a bond for the stadium construction, this is not like the deal in Virginia or even the old deal in Seattle before the Sonics moved where the state governments were asked to pitch in some cash. Most of the money in the project is private financing and there is no state money. Those kind of projects get done.
David Stern looks back at what happened before in Seattle, a great basketball market, as a black eye, and he wants to see a team return there. It’s one of his last priorities and something he wants as a legacy, according to reports. And what Stern wants…
But that is different than saying this is a lock.
Sacramento Mayor Kevin Johnson says there is hope and there is, because this is a massive deal. A very complex deal. Remember that in all of this the Kings and Maloofs have a debt to the city of Sacramento worth more than $75 million, plus other obligations. Those have to be cleared up. The Kings owners would remain a minority owner in the new team and arena. This is an arena some in Seattle — including baseball’s Mariners — have opposed. Large deals with a lot of moving parts can crumble.
But it’s hard to see some cavalry come charging over the hill to save the Kings, because the NBA isn’t fond of the cavalry.
David Stern and the plethora of other attorneys at the NBA league offices are big on process. They want someone to be around, to work through the system, not to just swoop in last minute. Hansen has been talking to the league and working on his arena deal for years. Getting the team is just the last, big part of that.
If Hansen does buy the team, there will not be opposition from the other owners. Because Stern wants this and because stable ownership in a large Seattle market is a good thing. It will fly through the league process. However, team officials around the league have been warned not to comment on these talks, reports Sam Amick at the USA Today.
In the end, I wouldn’t bet the rent money on the Maloofs selling the team because they are unpredictable. To put it kindly. I mean a key owner of the Kings is on “Real Housewives of Beverly Hills.” And the deal has not reached the point the minority owners of the Kings have been informed, reports the USA Today.
But the Seattle deal didn’t come out of nowhere, it’s been worked on for a while. The Maloofs were not telling Kevin Johnson about it but the talks have been happening and it’s not going to be easy for Johnson to wedge himself into them at this point. Now it’s time to see if the deal can be finalized. Something David Stern wants. And what he wants he usually gets.
Dec 10, 2013, 12:02 AM EST
Not sure I have ever seen this before. Early in the Clippers eventual easy win over the Sixers Chris Paul puts up a shot and because DeAndre Jordan‘s man had rotated over to help on the drive it left Tony Wroten — all 6’5″, 205 five of him — trying to keep Jordan off the…
Dec 9, 2013, 10:05 PM EST
Al Harrington, who at 33 has been battling knee issues since last season when he has an infection in there, issues that have kept him out since Nov. 12, is now going to be out a while longer. Harrington had knee surgery again on Monday and will be out at least a month, the Wizards…
Dec 9, 2013, 8:24 PM EST
Tyreke Evans drove to attack Kevin Durant off the dribble Friday night — Evans had been very aggressive all game, largely carrying the reserves in the first half — he went up for the shot and when he can down he sprained his ankle. That sprain is going to keep him out a week, maybe…
Dec 9, 2013, 7:20 PM EST
Kobe Bryant is back with the Lakers and frankly that’s just good for the NBA — it’s a star driven league and it needs its elite players on the court. That said Kobe looked rusty and his teammates clearly were not used to playing with him in the Lakers loss to the Raptors Sunday. Kay…
Dec 9, 2013, 6:39 PM EST
The Milwaukee Bucks were already without Larry Sanders, who needed surgery to repair torn ligaments in his hand after a bar fight, and now this. Zaza Pachulia will be out at least four weeks with a broken bone in his foot, coach Larry Drew announced Monday. It is the calcaneus bone, what most of us…
Dec 9, 2013, 6:01 PM EST
As we told you earlier was likely to happen, Stephen Jackson has agreed to terms with the Los Angeles Clippers. For one, Doc Rivers confirmed it to Brad Turner of the Los Angeles Times. Second, Jackson himself posted this on Instagram. The Clippers need some depth on the wing because J.J. Redick is out with…
Dec 9, 2013, 5:03 PM EST
“I think the last time I had eight months off I was still in the womb.” —Kobe Bryant, Los Angeles Lakers, talking about the eight months he was forced out of action due to his ruptured Achilese. Bryant, as his his nature, had to work hard to get back on the court 240 days after…
Dec 9, 2013, 4:53 PM EST
The general rule of thumb is 20 games into the season you can start to really trust the stats and the trends — in which case it’s good to be a Portland Trail Blazers fan. They move into the top slot with their recent wins over Indiana and OKC. 1. Trail Blazers (17-4, Last Week…
Dec 9, 2013, 4:08 PM EST
Knicks fans could use a little good news, so we’re here to help out. Tyson Chandler’s return from a broken leg should be here in the next few weeks. Chandler returned to practice on Monday, in a limited role, then told reporters he thought he would be back before New Year’s Day, as tweeted by…
Dec 9, 2013, 3:15 PM EST
Minnesota’s Corey Brewer, you’re the next contestant on “pay some money to NBA Charities for flopping!” The league announced Monday that Brewer has been fined $5,000 for his second flopping offense of the season. His first came against the Knicks earlier in the year, this new one was against the Heat on Saturday, when he…
Dec 9, 2013, 2:39 PM EST
Memphis extended the contract of Quincy Pondexter this summer thinking they had secured a solid outside shooter they desperately needed at a fair price. Now they may have lost him for the season. An MRI Monday revealed a tarsal navicular stress fracture in his right foot, the team announced. That’s a small bone near the…
Dec 9, 2013, 1:59 PM EST
Dwight Howard turned 28 on Sunday. (Maybe that’s why Kobe decided to not play Friday and wait until Sunday… nah.) Howard celebrated by dropping 20 points and grabbing 22 rebounds on his old Orlando Magic team (you knew he’d be up for that game) then the team went out bowling with his Rockets’ teammates —…
Dec 9, 2013, 1:07 PM EST
In case you can’t get enough Kobe Bryant comeback we are here to help. Nike released a Kobe Bryant comeback commercial on the day of his return to the Lakers lineup, which you can see above. In case you didn’t know and it wasn’t already obvious, Nike is a Kobe sponsor and he has his…
Dec 9, 2013, 12:55 PM EST
Tuesday night the Nets could get Paul Pierce and Deron Williams back on the court. Which would be a nice first step toward turning Brooklyn’s tire fire of a season around. Both Pierce and Williams went through practice on Monday, reports A. Sherrod Blakely of CSNNE.com. We knew Williams was close to returning, however Pierce…
Dec 9, 2013, 12:01 PM EST
This was easily my favorite highlight of Sunday night. In the fourth quarter of the Lakers loss to the Raptors Sunday, Nick Young got the ball in a transition attempt before the defense set, Young got the ball in the right corner, attacked along the baseline and as he got close to the basket Jonas…
Dec 9, 2013, 11:19 AM EST
Getting Rudy Gay in a trade from Toronto was not a sign the Kings want to make a run at the playoffs right now in the West — they are one of just two teams in a deep conference with no real shot at the postseason (Utah is the other). No, this was about future…
Dec 9, 2013, 9:59 AM EST
There were rough patches — the 2-for-9 shooting, the eight turnovers — but there were also moments in Kobe Bryant‘s return to action Sunday night against Toronto where you said “that’s the Kobe I remember.” There was his first play, a bullet pass to Robert Sacre for an assist. Later there was the jab step…
Dec 9, 2013, 9:31 AM EST
The Knicks suffered their worst loss of the season on Sunday, losing by 41 points to a Celtics team that shouldn’t beat anybody by that much. And they did so wearing their alternate orange uniforms. Whether the 12 noon tip time or the orange color scheme is messing with the Knicks on these weekend games…
Dec 9, 2013, 8:44 AM EST
J.J. Redick is out with a broken hand. Matt Barnes is out following surgery to repair a retinal tear in his left eye. Reggie Bullock is out with a sprained ankle. All this has left the Los Angeles Clippers short bodies on the wing, so they may bring in veteran Stephen Jackson to fill the…
Dec 9, 2013, 8:00 AM EST
LOS ANGELES — Make no mistake, this was first and foremost about money. And future flexibility. Raptors GM Masai Ujiri made a smart trade sending Rudy Gay out of town in a deal that sets his team up for the future by removing up to $12.4 million from the books next season. This summer Andrea…
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- It’s official, Clippers agree to terms with Stephen Jackson 1
- PBT NBA Power Rankings: At the quarter pole Portland takes the lead 16
- Paul Pierce practiced Monday, could return vs. Celtics Tuesday 2
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- Dwight Howard frustrated with Rockets’ effort in recent losses (52)
- Kobe Bryant dunks, looks good in Lakers practice; Friday return possible (47)
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- Durant tells “60 Minutes Sports” he’s still tired of being No. 2 (35)