Terry Stotts Press Conference

The Bucks borrowed $55 million from the NBA… last year

18 Comments

The Milwaukee Bucks are a pretty good example of the market struggles facing smaller-market owners in the NBA. It’s not like owner Herb Kohl hasn’t hired good people. John Hammond and Scott Skiles are both very good at their respective positions. And it’s not like Kohl hasn’t spent money on players. From Michael Redd to John Salmons to Drew Gooden to Andrew Bogut, the Bucks have kept the purse strings loose to try and build a winner. But the market simply hasn’t been great without the ability to convince fans they can compete for a championship (with good reason). And as a result, the Bucks have lost quite a bit of money. And it would appear the Bucks have tapped the league for quite a bit of help to cover themselves for the red line present and future.

From the Milwaukee Journal-Sentinel:

U.S. Sen. Herb Kohl, owner of the Milwaukee Bucks, borrowed at least $55 million last year from the NBA’s credit facility, according to his Senate financial disclosure form.

Disclosure rules in the Senate do not require senators to disclose the exact amount of their investments, assets and liabilities. But the records indicate that Kohl borrowed at least $55 million in three separate loans in behalf of the Bucks.

The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility.

via Kohl borrowed from NBA – JSOnline.

The Journal notes that taking the loan doesn’t necessarily mean that the team lost money. But considering Kohl has openly said the Bucks have lost money and their status in Forbes’ franchise-value list, it’s a pretty good bet. That’s quite a bit of cash for one franchise, and with Kohl deciding not to run for re-election in 2012, you have to wonder if eventually Kohl won’t be the one writing checks, or applying for loans on behalf of the Bucks.

It’s probable that Kohl would look to sell the team to a local ownership group to keep the team in Milwaukee, but considering that kind of red ink on the books, it might be difficult. Meanwhile, expect ownership to use this kind of information to squeeze the players, using it as evidence of their enormous losses over the past several years while the players continue to respond in saying that revenue sharing and other venues will solve the problem and no one really having a conversation about it.

It’s hard to pinpoint anything Kohl’s done to put himself in this situation. The Bucks have made their fair share of poor moves, player-wise, management-wise, coaching-wise over the past few years, but they’ve been respectable. Everyone points to the Knicks’ failures to win a title as evidence the system doesn’t favor big market teams, but a look at the larger markets’ black ink compared to cases like this shows there’s enough there to support the idea of the system being broken.

Only question is how long it will take to fix it.

(HT: IamaGM.com)

Stephen Curry dumps ice on mid-interview Klay Thompson, who says ‘I’m still hot’ (video)

Leave a comment

Klay Thompson scored an incredible 60 points in 29 minutes.

So, what did Stephen Curry do? Dump ice on his Warriors teammate during the post-game interview, of course.

That didn’t cool down Thompson, who’s probably still hot this morning.

Marc Gasol’s step-back 3-pointer sends Grizzlies to overtime, where they down Pelicans (video)

1 Comment

Marc Gasol has turned himself into a bona fide 3-point shooter, and his latest triple came when the Grizzlies needed it most.

Gasol’s 3-pointer late in the fourth quarter tied last night’s game against the Pelicans.

Then, Troy Daniels hit a 3-pointer to tie the game in overtime:

Memphis went onto win 110-108 in double overtime behind 28 points, 11 rebounds, 11 assists, two blocks and two steals from Gasol.

The Grizzlies have won three straight without Mike Conley (or Chandler Parsons), the victories coming by a combined six points

Celtics’ Al Horford blows game-winning layup against Rockets (video)

Leave a comment

The Celtics couldn’t have asked for a much better look on their final possession, but Al Horford missed this layup to give the Rockets a 107-106 win last night.

Maybe Isaiah Thomas should have gone to the line for getting pushed over by Montrezl Harrell, but I’m not 100% sure Harrell should’ve been called for a foul. Besides, that Thomas screen sprung Horford for the layup. I’d take my chances with that barely contested close-range shot.

Michael Beasley, Davis Bertans ejected from Bucks/Spurs for being third/fourth into altercation

1 Comment

This should have been the usual NBA altercation — two guys jawing with nothing physical happening because teammates step in, everyone does their posturing, and we move along. Monday night in the Spurs eventual win over the Bucks, Greg Monroe and Dewayne Dedmon got tangled up going for a rebound, Dedmon threw a little elbow, Monroe pushed him off, and the two started the well choreographed NBA dance.

Then San Antonio’s Davis Bertans came in and shoved Monroe.

Followed by Milwaukee’s Michael Beasley coming in and shoved Bertans.

Both Beasley and Bertans were ejected for escalating the situation, and you can expect the league will hit both with a fine for being the third/fourth men in.