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.
For the first time since the 2009-10 season, the NHL's salary cap could stay flat next year, reports ESPN's Craig Custance.
Commissioner Gary Bettman revealed at the latest NHL's Board of Governors meeting that the projected ceiling for the 2017-18 campaign could be an increase between zero and $2 million, which isn't exactly encouraging considering the projection at this time of year is normally an optimistic one.
That means the salary cap may be closer to — or at — the $73 million it's at right now.
In the last four years, the cap has increased by $4.3 million in 2013-14, $4.7 million in 2014-15, $2.4 million in 2015-16 and $1.6 million in 2016-17. The number continues to descend, and it affects big-budget teams like the Blackhawks the most.
It makes it especially difficult for the Blackhawks to navigate because they own two of the highest paid players in the league in Patrick Kane and Jonathan Toews, both of whom carry a $10.5 million cap hit through 2022-23. It's a great problem to have, though.
[SHOP: Gear up, Blackhawks fans!]
According to capfriendly.com, Chicago currently has $60.6 million tied up to 14 players — eight forwards, five defensemen and one goaltender — next season. If the cap stays the same, that means the Blackhawks must fill out the rest of their roster with fewer than $13 million to work with and still have to sign Artemi Panarin to a long-term extension.
And they may need to move salary to do it, with the potential cap overages crunching things even more.
On the open market, Panarin would probably be able to earn Vladimir Tarasenko money — a seven-year deal that carries a $7.5 million cap hit — but if he prefers to remain in Chicago, the contract would likely be in the range of Johnny Gaudreau's six-year deal with an annual average value of $6.75 million.
With the expansion draft looming, the Blackhawks know they're going to lose a player to Las Vegas in the offseason. The two likely candidates, as it stands, are Marcus Kruger and Trevor van Riemsdyk, and the former would free up $3 million in cap space while the latter $825,000.
If that won't get the job done, the Blackhawks may be forced to part ways with a core player such as Brent Seabrook and his eight-year, $55 million contract, although he has a full no-movement clause until 2021-22 and it would be very hard to imagine since you're trying to maximize your current championship window.
Anything is possible, however, after seeing promising young guys like Brandon Saad and Andrew Shaw shipped out of Chicago due to a tight budget.
It's a challenge general manager Stan Bowman has certainly already been thinking about, and a stagnant salary cap doesn't make things any easier.
In the latest SportsTalk Live Podcast, Mark Grote (670 The Score) and Mark Carman (WGN Radio) join Kap on the panel. Jonathan Toews is still not back at practice. Is it time to panic?
Meanwhile, the Bulls beat the Spurs. And Rajon Rondo compliments the coaches? Is all well in Bulls-town?
Plus, Dexter Fowler is Cardinal. Should Cubs fans be angry?
And finally, is it good idea for Jordan Howard to get the ball less for the rest of the season?
Check out the SportsTalk Live Podcast below: