City of Seattle Rumors | Hoops Rumors

Broussard On Coaching Searches, Wolves, Lottery

May 24th, 2013 at 10:03am CST by Luke Adams

We briefly touched on the latest Insider-only offering from ESPN.com's Chris Broussard last night, but let's take a more in-depth look at Brousard's newest tidbits today:

NBA executives are curious to see who the Pistons hire as a head coach, since it may indicate whether advisor Phil Jackson or GM Joe Dumars has more sway in Detroit. Dumars is believed to favor Nate McMillan or Maurice Cheeks, while Jackson's pick would likely be Brian Shaw.
Had Chris Hansen's purchase of the Kings gone through, Jackson would have run the team's front office in Seattle, and intended to hire Shaw as head coach, says Broussard.
The Nets have yet to approach any coaching candidates besides Jackson, who told the team he wasn't interested in coaching. Brooklyn is currently conducting "rigorous checks" on potential candidates, and is seeking someone tough and firm who is able to get the most out of the talent on the roster.
The Clippers are high on McMillan, according to Broussard.
Sources tell Broussard that Bobcats GM Rich Cho is interested in hiring Quin Snyder to replace Mike Dunlap.
"Many league insiders" believe Spurs assistant Mike Budenholzer is the favorite to land the Hawks' job, says Broussard.
While Celtics GM Danny Ainge has privately told teams he won't grant them permission to speak to Doc Rivers, Broussard says if Rivers really wanted a change of scenery, Ainge would probably allow him to explore other options. There's no indication that's the case though.
Although Flip Saunders will run the Timberwolves' basketball operations, he's looking to hire a general manager, and is currently performing background checks on possible candidates. A hire likely won't happen until after the draft, according to Broussard.
Rival lottery teams aren't necessarily jealous that the Cavaliers landed the first overall pick. Said one GM: "I'd rather be two, three or four in this draft than one."
Another executive from a lottery team on the process: "We didn't want to win this year's lottery. Next year's the one to win. Then after that, you want to be out of the lottery."

Phil Jackson Talks Seattle, Nets, Howard

May 21st, 2013 at 4:00pm CST by Luke Adams

Phil Jackson appeared on the Dan Patrick Show (video link) this morning to promote his new book, to compare Michael Jordan and Kobe Bryant, and to address a few more items of note. The Zen Master confirmed to Patrick that he doesn't intend to return to coaching, but did talk about another job he had discussed with the prospective Seattle ownership group. Here are a few highlights from Jackson's appearance:

On whether he would have been involved with a Seattle franchise had the Kings relocation been approved:

"I had an agreement with the guy that put the deal together for Seattle…. Chris Hansen. I thought he was dynamic, I thought he had great ideas. He went through the whole process of getting an arena. He did everything right, except win the franchise. But his vision I could buy into. I thought he had the right vision for a team. And he made basically the offer of take what you want to take as a job — a consultant, if you want to be an owner, be a part-owner, work in the basketball operations side of it if you want to, or coach. It didn't matter to him. We talked about a number of things that would progress the team that was going to move, which was Sacramento, which is a team that has to improve to be a significant team that's going to stay in Sacramento."

On whether the Clippers have reached out to him:

"No, I've never had any contact with Clippers management."

On the best offer he has received recently:

"Well, the Brooklyn situation I think is a good situation…. That was coaching, basically. They wanted to know if I was still interested in coaching."

On whether he thinks Dwight Howard will re-sign with the Lakers:

"Would you, if you felt like your game wasn't going to be featured?"

Kings Sale To Sacramento Group Not Yet Finalized

May 21st, 2013 at 2:12pm CST by Chuck Myron

TUESDAY, 2:12pm: Dale Kasler of the Sacramento Bee (Twitter link) hears that the finance committee will vote on the sale of the Kings early this week, with an official vote by the full Board of Governors coming before the end of May.

MONDAY, 1:45pm: Ranadive doesn't formally own the NBA team yet, tweets Ryan Lillis of The Sacramento Bee, pointing out that the team will move forward with the Maloofs' plan to send coach Keith Smart to the draft lottery. Windhorst has deleted his tweet from yesterday, so perhaps Johnson jumped the gun in saying that Ranadive had assumed control of the franchise. In any case, Ranadive and company remain on track to take over the Kings.

SUNDAY, 1:33pm: Sacramento mayor Kevin Johnson says NBA owners have approved the sale of the Kings to the Sacramento-based group headed by Vivek Ranadive, tweets Brian Windhorst of ESPN.com. The league had been expected to make a formal announcement of the deal between the Maloof family and Ranadive's group this week, although it was thought that escrow would not close until the end of the month. In any case, Ranadive now has control of the franchise, according to Johnson.

There's usually a much longer gap between the time an agreement on a sale is reached and the point when the purchase becomes official. Last year, Robert Pera agreed to buy the Grizzlies in June, but didn't take control of the team until October 31st. An official announcement from the league has yet to come, but it's not entirely surprising the process was expedited this time around, since the league had a chance to thoroughly vet Ranadive's bid as it sorted out whether to allow the Kings to move to Seattle.

Johnson said earlier this week that the agreement had been "signed on both ends" and that the "money has been wired," so it looked like the green light from the league was the last step in the process. Ranadive was a relative late-comer in an effort that began in earnest in January, around the time the Maloofs reached a deal to sell the team to Seattle investor Chris Hansen and his partners. Johnson spearheaded the effort to put the group together, combining $1MM commitments from 20 Sacramento-area locals with the larger financial backing of deep-pocketed "whales," including Mark Mastrov and Ron Burkle. Mastrov became the lead investor, but Burkle, an enemy of the Maloofs, proved a stumbling block, and as he faded from the picture, Ranadive took over the primary reigns of the bid.

The Sacramento group's final purchase price for the Kings is based on a full valuation of the team at $535MM, an NBA record and $10MM greater than Hansen's initial offer. The Maloofs' share is 65%, so that works out to a $347.75MM sum that's changing hands. Hansen and company upped their valuation of the club to $625MM, but ultimately lost out, spending more than $100MM on an ill-fated effort to buy the team.

Pacific Notes: Kings, Seattle, Warriors, Bazemore

May 18th, 2013 at 11:35am CST by Luke Adams

Of the four NBA divisions that sent three teams to the postseason this year, only the Pacific doesn't have a team still in the hunt, following the eliminations of the Lakers, Clippers, and Warriors. Here's the latest from out west:

While Vivek Ranadive and the Kings new ownership group haven't closed the door on bringing back GM Geoff Petrie and head coach Keith Smart, Ailene Voisin of the Sacramento Bee says the team's basketball operations should and will be overhauled this summer.
Seattle's bidders for the Kings are expected to turn down the league's offer to repay their $30MM nonrefundable deposit, and if they do, they will have spent more than $100MM in their ill-fated effort to woo the team north, tweets Chris Daniels of KING-TV.
Tim Kawakami of the Bay Area News Group thinks Mark Jackson will receive an extension sometime in the next month, predicts the Warriors will choose Jarrett Jack over Carl Landry in free agency, and doesn't foresee a major trade in the offseason.
Stephen Curry tells Marcus Thompson II of the San Jose Mercury News that he's been encouraging Jack to return to the Warriors next season. "This is the place for him," Curry said. "He's bounced around a lot. For him to have hopefully found a home here for the foreseeable future would be huge. I know he wants to be part of a winning team, and I think we have that here now."
Assuming he's not released today, Kent Bazemore should receive a modest bonus, per Mark Deeks of ShamSports. According to Deeks, Bazemore's nonguaranteed 2013/14 contract becomes partially guaranteed for $25K if he's not waived within two days of the Warriors' final game of the season.

Chuck Myron contributed to this post.

Pacific Notes: Warriors, Jackson, Kings, Lakers

May 17th, 2013 at 4:16pm CST by Zachary Links

Earlier today, we learned that if the Kings don't keep Keith Smart as their head coach, they're expected to target Warriors assistant Michael Malone. After months of conjecture on the coaching carousel about big names like Phil Jackson, Jeff Van Gundy, and Jerry Sloan, Malone now appears to be one of the most wanted men in the NBA. Here's more from the Pacific division..

Speaking of the Warriors, Tim Kawakami of the Bay Area News Group checked in with co-owner Joe Lacob, who says that it's too early to comment on whether or when the team will pick up Mark Jackson’s option for 2014/15 and/or work out a longer-term deal beyond that. For his part, Kawakami sees the option as a virtual lock, possibly as a prelude to longer-term talks down the road.
If the Mavs have to look into Plan B options at the point guard position this summer, Tim MacMahon of ESPNDallas suggests that Warriors guard Jarrett Jack would be a solid fit.
Dale Kasler, Ryan Lillis, and Tony Bizjak of the Sacramento Bee provide the specifics on just how much the Maloof family will pocket from the sale of the Kings. Since the Maloofs will hang on to the $30MM non-refundable deposit paid by the Seattle group and will no longer have to contribute to the relocation fee, they ultimately won't earn much less in the Sacramento deal (about $230MM) than they would have in the Seattle deal (about $241MM).

Luke Adams contributed to this post.

Kings Updates: Sale, Coach, GM, Hansen

May 17th, 2013 at 1:10pm CST by Luke Adams

A little more than 12 hours after we heard that Vivek Ranadive's Sacramento investment group and the Maloof family had struck an agreement to transfer ownership of the Kings, the city of Sacramento held a press conference today to formally announce the good news. Mayor Kevin Johnson praised the city for never giving up on the Kings, and also confirmed that Chris Hansen isn't involved in the deal, so he won't be a minority owner of the team (Twitter link via Chris Daniels of KING5). As the new ownership group prepares to officially take over the Kings, here's a number of other items related to the sale and to the team:

Assuming Keith Smart is not retained as the Kings' head coach by the new ownership group, Warriors assistant Michael Malone is expected to be a top candidate, writes Sam Amick of USA Today. Amick also points to Chris Mullin as a potential front office candidate, with Geoff Petrie likely on the way out.
The Sacramento Bee's initial story on the agreement between the new ownership group and the Maloofs has been updated with plenty of additional details, identifying a number of the investors in Ranadive's group.
Chris Mannix of SI.com reports (via Twitter) that the NBA's 30 owners offered to repay the $30MM non-refundable deposit Hansen's Seattle group made to the Maloofs, but Hansen declined. Mannix adds (via Twitter) that Hansen and Co. don't intend to file any lawsuits related to the Kings situation.
The 7% share of the Kings that Hansen bought in bankruptcy, pending NBA approval, will likely be auctioned off again, tweets Dale Kasler of the Sacramento Bee.
In an Insider-only piece for ESPN.com, Kevin Pelton examines the next steps for the Kings.

Sacramento Group Reaches Deal To Buy Kings

May 17th, 2013 at 9:47am CST by Luke Adams

FRIDAY, 9:47am: Sacramento mayor Kevin Johnson tells the Sacramento Bee that the purchase agreement has been "signed on both ends" and that the "money has been wired." While the deal still has to close, Johnson doesn't anticipate any roadblocks.

"We're hoping to get it all done within the next week or so and the Board of Governors will vote and I don't anticipate any surprises," Johnson said.

THURSDAY, 11:29pm: The Sacramento investment group led by Vivek Ranadive has reached an agreement with the Maloof family to buy the Kings, according to Tony Bizjak of the Sacramento Bee. Bizjak reports that the deal is for an NBA-record valuation of $535MM, $10MM higher than the initial sale price on the Maloofs' agreement with Chris Hansen's Seattle group.

According to Bizjak, the agreement could be formally announced as soon as Friday, and will require approval by the NBA. Assuming the league approves the deal, which seems like a safe bet, escrow is expected to close at the end of May. The new group is expected to assume the Maloofs' entire 65% share of the club.

If the agreement between the current Kings owners and the prospective ownership group becomes official, it would be the end of a lengthy saga that pitted Sacramento and Seattle against one another in a fight for the Kings. Despite Hansen's Seattle group increasing their valuation of the franchise to $625MM, the league's owners voted 22-8 against relocating the Kings to Seattle on Wednesday, urging the Maloofs and Ranadive's group to try to negotiate a deal in the next 24 to 48 hours.

A source tells Bizjak that, after the league's owners voted down the Kings' relocation bid, the Maloofs were eager to "turn the page," and were happy to sell to an ownership group that would keep the team in Sacramento.

Odds & Ends: Stern, Michael Curry, Zarren

May 16th, 2013 at 8:23pm CST by Ryan Raroque

Steve Kyler of HoopsWorld (via Twitter) hears that David Stern was an active participant in yesterday's vote over Sacramento/Seattle at the Board of Governors meeting. It's worth noting that despite an offer north of $625MM as well as the $115MM relocation fee that would have been included by the Seattle group, Stern was able to sway the vote in Sacramento's direction, even though it appeared that more owners were in favor of Seattle's offer (All Twitter links). Here are a few more miscellaneous tidbits from around the Association tonight:

Ken Berger of CBS Sports tweets that the 76ers are expected to interview lead assistant coach Michael Curry for their head coaching job next week.
Steve Bulpett of BostonHerald.com hears that Celtics assistant GM Mike Zarren turned down Philadelphia's offer to make him their general manager before the Sixers turned to Sam Hinkie.
Although potential number one pick Nerlens Noel wouldn't be ready to start the regular season of his rookie campaign, the highly touted draft prospect is targeting a debut around Christmas, writes Jason Lloyd of Ohio.com.
Noel's injury is just one reason why teams might not be too high in landing the number one draft slot this year, writes Lloyd. In that same piece, Lloyd cites one league executive who thinks that a team might be better off drafting whoever falls to the third or fourth pick rather than handle the risk of drafting first overall.
Georgetown's Otto Porter spoke glowingly about being a potential fit for the Cavaliers, writes Mary Schmitt Boyer of The Plain Dealer.
Shabazz Muhammad opened up about the controversy surrounding his listed age and briefly told David Mayo of MLive.com about how he'd fare with the Pistons if they drafted him.
Warriors majority owner Joe Lacob says that he won't have a problem finding a replacement for Vivek Ranadive's current share with Golden State once the Sacramento situation is resolved, says Tim Kawakami of the Mercury News (via Twitter).
Jerry Stackhouse is in Chicago and plans to meet with possible draftees tomorrow to brief them on the NBPA, tweeted Hoopsworld's Steve Kyler.

Kings Notes: Ownership, Ranadive, Draft, Ellis

May 16th, 2013 at 12:27pm CST by Luke Adams

Kings fans received some great news yesterday, when the NBA's Board of Governors rejected a bid to relocate the franchise to Seattle. Even with the sale to Chris Hansen's Seattle group seemingly dead, the Kings aren't quite safe in Sacramento yet. The Maloofs still have the right to hang on to the team, though they're currently attempting to negotiate a sale to the Sacramento investment group led by Vivek Ranadive. Here's the latest on the Kings, on and off the court:

George Maloof believes a deal will be reached with Ranadive's group, as he tells David Bienick of KCRA in Sacramento (Twitter link). However, he's not sure it will happen in the 24-48 hour window David Stern is hoping for (Twitter link). Maloof also added that Hansen remains interested in buying a minority share of the Kings, so that's part of the current talks as well (Twitter link).
With Kings ownership still up in the air, front office and roster decisions remain on hold as well, writes Jason Jones of the Sacramento Bee. Head coach Keith Smart and GM Geoff Petrie are approaching this week's draft combine as if they'll continue in their current roles.
The team interviewed six draft prospects on Wednesday, according to Jones: Reggie Bullock , Alex Len, Tim Hardaway Jr., Richard Howell, Tony Snell, and Deshaun Thomas.
Expect Ranadive to "eviscerate" the Kings' business and basketball operations should he assume control of the team, says Ailene Voisin of the Sacramento Bee. Voisin also hears that Ranadive's reps shot down a previous report that the Sacramento group was interested in Monta Ellis.
Dale Kasler, Tony Lillis, and Ryan Bizjak of the Sacramento Bee, who have done a terrific job of chronicling the entire saga, recap an eventful Wednesday and look ahead to the next step for the Kings.

Board Of Governors Votes Down Kings Relocation

May 15th, 2013 at 7:55pm CST by Luke Adams

6:55pm: According to a tweet from NBA.com's David Aldridge, Ranadive announced that two more parties will be joining his investment group.

5:41pm: Stern confirmed that Ranadive's group matched the initial $525MM valuation of the Kings, adding that Seattle's increased offers didn't offend the league, according to Chris Daniels of KING5 (Twitter links).

5:32pm: Commissioner David Stern has confirmed the vote against relocation, and shared a few more tidbits. Courtesy of Aaron Bruski of NBCSports.com (via Twitter)….

Stern confirmed that it was Seattle's $625MM offer that was voted down by the league.
The league intends to talk to the Maloof family in the next 24-48 hours to attempt to negotiate a sale to the Sacramento investment group led by Ranadive. Stern expects the Maloofs to be open to selling to the Sacramento group.
Seattle's presentation to the Board of Governors was "excellent" and reflects the efforts put into the bid by Hansen's group, according to Stern.
Stern says the league is looking forward to continued dialogue with potential team owners in Seattle, but that there's nothing concrete in the works for the city at the moment.
Stern acknowledged that it would be worthwhile to consider expansion eventually, but not until after the league negotiates its next TV deal.
Sacramento's arena term sheet is more than just a term sheet, according to Stern, who added that the land for the arena has been purchased.

5:12pm: ESPN.com's Marc Stein confirms that the Board of Governors also voted to reject the sale to Hansen's Seattle group. According to Mitch Levy of KJR in Seattle, the vote to keep the Kings in Sacramento was 22-8 (Twitter link). Ailene Voisin of the Sacramento Bee adds (via Twitter) that the meeting was "very contentious."

4:56pm: The NBA's Board of Governors has voted against relocating the Kings to Seattle, according to Sam Amick of USA Today. The league's relocation committee, a smaller group of NBA owners, had previously recommended voting down the bid to move the franchise, so the decision doesn't come as a surprise.

The relocation of the Kings was one of two issues the Board of Governors was set to vote on today. With the move to Seattle having been vetoed, the sale of 65% of the franchise to Chris Hansen's Seattle group has also presumably been shot down. That means that for now the team remains in the hands of the Maloof family, though we don't yet know if the Maloof family will continue to pursue its backup plan with the Hansen group or if the NBA will aggressively push for a majority sale to Vivek Ranadive's Sacramento group.

While the sale of the franchise required approval from three-quarters of the league's owners, relocation simply required a majority vote. That means that at least 16 owners voted against the relocation bid, and it wouldn't surprise me if the final vote was much more one-sided than that, given the 7-0 vote by the relocation committee.