From Comcast SportsNetThe only thing stopping the Sacramento Kings from a sale and move to Seattle is approval by NBA owners.The Maloof family has agreed to sell the Kings to a Seattle group led by investor Chris Hansen, two people familiar with the decision said Sunday night. The people spoke to The Associated Press on condition of anonymity because the deal is still pending approval from the NBA Board of Governors.One person said Hansen's group will buy 65 percent of the franchise for 525 million, move the team to Seattle and restore the SuperSonics name. The Maloofs will have no stake in the team.The sale figure is a total valuation of the franchise, which includes relocation fees. Hansen's group also is hoping to buy out other minority investors.The Maloofs will receive a 30 million non-refundable deposit Feb. 1, according to the deal, one person said. They will still be allowed to receive other offers until the league approves the sale.Sacramento Mayor Kevin Johnson said last week he had received permission from NBA Commissioner David Stern to present a counteroffer to league owners from buyers who would keep the Kings in Sacramento.The plan by Hansen's group is to have the team play at least the next two seasons in KeyArena before moving into a new facility in downtown Seattle. The deadline for teams to apply for a move for the next season is March 1.Johnson said in a statement late Sunday night that the city remains undeterred despite the agreement with the Seattle group."Sacramento has proven that it is a strong NBA market with a fan base that year in and year out has demonstrated a commitment to the Kings by selling out 19 of 27 seasons in a top 20 market and owning two of the longest sellout streaks in NBA history," Johnson said."When it comes to keeping the team in our community, Sacramento is playing to win. In particular, we have been focused like a laser on identifying an ownership group that will both have the financial resources desired by the NBA and the vision to make the Kings the NBA equivalent of what the Green Bay Packers have been in the NFL."In a saga that has dragged on for nearly three years, Johnson and Sacramento appear to be facing their most daunting challenge yet.Hansen, a Seattle native and San Francisco-based investor, reached agreement with local governments in Seattle last October on plans to build a 490 million arena near the city's other stadiums, CenturyLink Field and Safeco Field.As part of the agreement, no construction will begin until all environmental reviews are completed and a team has been secured.Hansen's group is expected to pitch in 290 million in private investment toward the arena, along with helping to pay for transportation improvements in the area around the stadiums.The plans also call for the arena to be able to handle a future NHL franchise.The remaining 200 million in public financing would be paid back with rent money and admissions taxes from the arena, and if that money falls short, Hansen would be responsible for making up the rest.Other investors in the proposed arena include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.Hansen's goal has been to return the SuperSonics to the Puget Sound after they were moved from Seattle to Oklahoma City in 2008.Asked in September if he could envision a team being in Seattle for the 2013 season, Hansen was cautious about finding an option that quickly.The Kings' sale price would top the NBA-record 450 million the Golden State Warriors sold for in July 2010.Brothers Joe, Gavin and George Maloof bought controlling interests in the franchise from Los Angeles-based developer Jim Thomas in 1999. The Maloofs, who have long waited for an upgrade to the team's outdated arena, backed out of a tentative 391 million deal for a new downtown building with Sacramento last year, reigniting fears the franchise could relocate.Johnson and the Kings broke off all negotiations in the summer with the team's owners, who said the deal didn't make financial sense for the franchise.In 2011, the Kings appeared determined to move to Anaheim before Johnson convinced the NBA to give the city one last chance to help finance an arena.At one point, Johnson seemed so certain the team was gone he called the process a "slow death" and compared the city's efforts to keep the Kings a "Hail Mary."Johnson made a pitch to the NBA Board of Governors in April 2011, promising league owners the city would find a way to help finance a new arena to replace the team's current outdated suburban facility. That pitch bought the Kings time, before the brokered deal between the city and the Maloofs fell apart last year.
A report via Sporting News writer Sean Deveney surfaced early on Tuesday morning, stating that the Bulls possibly have interest in free agent big man Jahlil Okafor.
According to sources, Okafor, the No. 3 pick in the 2015 NBA Draft, worked out for four teams last Wednesday in Las Vegas, and remains hopeful of signing with a team ahead of training camp next fall.
The Pacers were listed along with the Bulls as teams that could be looking at Okafor, though neither team was at his summer workouts in Las Vegas.
From a public relations standpoint, the Bulls could sell the idea of having a roster with multiple IHSA champions. It would be a feel-good story, with Okafor and Parker joining a young and developing core. But from an on-court perspective, the move makes little sense.
Chicago has a clogged frontcourt rotation that includes Lauri Markkanen, Bobby Portis, Robin Lopez, Cristiano Felicio and No. 7 overall pick Wendell Carter Jr. And while Parker is likely going to play the majority of his minutes on the wing, he will see time at the four and possibly five as well in spot minutes. Okafor has proven to be a capable low-post scorer and little else at this stage in his career.
Okafor has averaged 12.9 points per game and 5.3 rebounds per game, but has only played 131 games over three seasons. He struggled to get minutes last year with the Sixers or the Brooklyn Nets (12.6 minutes per game in 2017-18). His continued poor defense and lack of rebounding prowess were the main reasons why.
He had a 59.3 true shooting percentage in his 26 games with the Nets, as well as 18.2 points per 36 minutes. But his defensive rating of 110 points given up per 100 possessions would do little to help a Bulls team that currently lacks established defensive centers sans Lopez. Even on a minimum contract, an Okafor signing would likely signal a forthcoming trade from the Bulls. In today’s NBA, Having four centers on your roster would be ridiculous, no matter how good the narrative is.
On the latest Cubs Talk Podcast, Kelly Crull spoke with Javier Baez and Kyle Schwarber after an electric and entertaining Home Run Derby in Washington D.C.
Listen to the full Cubs Talk Podcast right here: