Terry Stotts Press Conference

Bucks owner Herb Kohl seeking new investors to keep the team in Milwaukee

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Bucks fans will spend the next 2-3 years looking over their shoulders at Seattle, and that’s because they’re in jeopardy of losing their basketball team should owner Herb Kohl fail at securing a new NBA-approved arena.

For small and mid-markets, having a state-of-the-art arena to maximize revenues is a requirement and any city that isn’t willing to make that type of commitment to the NBA will be threatened by 5-10 other cities that are dying to get into the game. It’s simple supply and demand.

Kohl, the former Democratic senator who is 78, is reportedly looking for other investors to join him in his attempt to keep the team in Milwaukee.

With a net worth that’s better described with an ‘M’ for millions rather than a ‘B’ for the billionaire owners that the NBA is attracting these days, it’s understandable why Kohl needs to deepen the pockets and broaden the influence of his group.

First and foremost he needs to deliver on an arena, and having more investors will help that along in many ways. But just as important to Milwaukee will be the overall value proposition this ownership group will have to the NBA, whether Kohl wants to continue as owner of the Bucks or not. That’s because if there ever comes a time when their arena plans are in doubt, it will be this group that gets measured against Seattle and any other city that wants to get into the game.

The NBA, whether being led by Adam Silver or David Stern, does not like to relocate franchises. In this day and age of information, the damage that relocation can do their brand is much greater than it was when Seattle’s elected officials told the NBA to go kick rocks and thus Sonicsgate was born.

At the same time, the NBA has found a sweet spot in its public subsidy pitch, which has been the target of many economists’ ire over the last 30 years when suburban arenas were all the rage. Economists have maintained that arenas don’t increase local spending because of things like the substitution effect, which simply stated means that people spend money at the game but stop spending their limited funds everywhere else. In essence, they contend, there is no overall gain.

However, economists have recently found themselves at an impasse on the issue with even the most ardent oppositionists still researching newer findings, in an area of study that isn’t exactly brimming with ongoing research.

The new revelations highlight the difference between suburban arenas and what city planners call ‘high density civic attractions,’ which are more likely to be sought after in the small-to-mid market cities that are most susceptible to relocation.  Instead of driving to a suburban arena, watching the game, and then leaving – a downtown arena can attract people for longer visits, attract all-important out-of-town dollars, and encourage use of mass transit.

In terms of increasing land value, a properly developed downtown arena district can increase surrounding land value by “hundreds of millions of dollars” according to a recent study by lead opposition subsidy voice Brad Humphreys. Arguments move into the both the micro- and mundane-levels from there, but an increase in land value around these downtown arenas stands on its face – it’s valuable for a reason.

The NBA has the cachet as an anchor tenant to bring in the private investment needed to make these downtown revitalization projects pencil out, particularly as public redevelopment dollars have dried up around the country.

With the NBA being the winner of over $3 billion in public funds since 1990, they have a massive financial stake in making sure they both polish that pitch and protect their reputation on that front.

For starters they have to maintain that they can be a loyal partner to any city engaging in good faith efforts to maintain a state-of-the-art arena.  Long-term, by building a portfolio of downtown success stories like L.A. Live, downtown Indianapolis and the soon-to-be built arena in downtown Sacramento — the league can keep the public funding narrative from collapsing under a wave of antipathy toward millionaires and billionaires bouncing a leather ball for amusement.

So look for the NBA to work with Kohl and Milwaukee to find the political will (i.e. public dollars) to get an arena deal done. As expected, the league released a statement from David Stern moments ago expressing support for that process. “Senator Kohl bought the Bucks in 1985 in order to ensure the team would remain in Milwaukee. During his extraordinary stewardship his goal remained the same — to bring the fans of Wisconsin high-quality basketball from a team they would be proud to call their ‘home’ team. With this announcement, Senator Kohl continues his mission: to assure continuity of ownership by broadening its ownership base, and assuring that the fans of Wisconsin will enjoy NBA basketball and other events in a new state-of-the-art facility,” said Stern.

And while everything is going to sound fine for Bucks fans until it doesn’t, they’re not going to know that they are indeed keeping their team until much more has been revealed in this slow-moving story.

Westbrook hits game-winner as Thunder beat Jazz 97-95 (VIDEO)

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SALT LAKE CITY (AP) —  Russell Westbrook hit a pull-up jumper with 1.4 seconds left, and the Oklahoma City Thunder stopped Utah’s six-game win streak with a 97-95 victory over the Jazz on Monday night.

Westbrook took over down the stretch and scored 11 of the Thunder’s final 13 points after going cold in the third quarter. He finished with 38 points, 10 rebounds and 10 assists for his 22nd triple-double of the season.

Alec Burks missed the final shot for the Jazz as time expired.

Victor Oladipo scored 18 for Oklahoma City.

Gordon Hayward led Utah with 17 points.

The Jazz rallied in the third quarter with a 13-0 run to take a 66-60 lead, but the Thunder pulled within three early in the fourth thanks to five straight points from Oladipo.

The Thunder took a 56-53 lead into halftime after Westbrook dominated the second, The dynamic point guard scored 14 in the quarter to give him 22 at the break.

TIP-INS

Thunder: Steven Adams returned from a two-game absence due to a concussion. … Reserve Enes Kanter scored 14 against his former team.

Jazz: Hall of Fame coach Jerry Sloan sat with his Hall of Fame point guard John Stockton during the game.

STAYING PUT

The Jazz announced Monday that ownership of the team and Vivint SmartHome Arena has been transferred from Gail Miller to a legacy trust in a move that ensures the team will remain in the family for generations. Miller said the primary reason for the transfer is to make sure the team stays in the state.

HOOD UPDATE

Rodney Hood missed his fourth consecutive game with a right knee hyperextension and bone bruise.

“The original timeline was 2-4 weeks and, as far as I know, he’s on track with that,” Jazz coach Quin Snyder said. “He’s been in getting treatment and starting to do some work on the court. They’re doing all the different measurements and balance tests and all those things.

“He’s making good progress. But I don’t know if that means we’re going to see him later this week or next week. There’s another phase there to clear him for some more competitive stuff … and see how he’s feeling. But right now he’s feeling good.”

Terrence Jones scores 36, leads Pelicans past Cavaliers 124-122

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NEW ORLEANS (AP) — Terrence Jones filled in brilliantly for injured All-Star Anthony Davis, scoring a season-high 36 points, grabbing 11 rebounds and blocking LeBron James‘ dunk attempt in the fourth quarter, and the New Orleans Pelicans beat the Cleveland Cavaliers 124-122 on Monday night.

Jrue Holiday added 33 points and 10 assists for the Pelicans, and Langston Galloway capped a 12-point night with a clean steal on James’ drive in the final minute, preventing the Cavs from erasing a deficit they had trimmed from 22 late in the first half to three with 1:32 left in the game.

Kyrie Irving scoring 35 of his 49 points in the second half, but the Cleveland fell to its fifth loss in seven games. James had 26 points, 12 assists and 10 rebounds.

Two of Cleveland’s recent losses came against Western Conference leaders Golden State and San Antonio, but two others have come against teams currently outside the playoff picture in the West: New Orleans and Portland.

Kevin Love had 22 points for Cleveland, which could not quite keep pace with a Pelicans squad that tied a season high for 3-pointers with 16 and shot 49.4 percent (43 of 87).

Donatas Moteijunas scored 14 for New Orleans, while Dante Cunningham scored 11. Each hit a pair of 3s.

The Cavs drained 15 3s, eight by Irving, whose step-back jumper from long range had Cleveland within three with 21 seconds to go, but the Cavs got no closer until Love’s anticlimactic 3 in the final second.

Embarrassed in a 29-point loss to NBA-worst Brooklyn at home on Friday, the Pelicans were eager for a chance to redeem themselves with a competitive showing against the defending champs. That did not appear likely when New Orleans announced less than an hour before tip-off that Davis would be unable to play because of his right leg bruise lingering from a collision with the Nets’ Spencer Dinwiddie.

Coach Alvin Gentry inserted Jones for Davis as the starting center, and he responded with arguably the most dynamic half of play in the fifth-year veteran’s career. He hit all eight of his shots in the first half, scoring 22 points on an array of jumpers – including two 3s – weaving drives and feisty put-backs.

Holiday, meanwhile, got into an equally prolific rhythm, hitting three 3s and highlighting several impressive drives to the hoop with a two-handed dunk. Holiday’s pullup jumper from just inside the 3-point line with 6 seconds left in the second quarter gave him 22 points and New Orleans a 22-point lead, and Holiday pumped his fist while one of the biggest crowds of the season went wild.

In the last second of the half, James executed a long inbound pass to Love, who converted a quick-release layup to make it 70-50.

TIP-INS

Cavaliers: Coach Tyronn Lue was assessed a technical foul by official Leroy Richardson after the coach chastised Richardson for a late whistle giving Moteijunas free throws following a missed layup. … The Cavs won the teams’ only other meeting this season, 90-82 in Cleveland on Jan. 2. … Irving slung in what would have been a sensational, off-balance, one-handed shot from about 30 feet, but it didn’t count because it came too late after Irving was fouled by Tyreke Evans as the pair pursued a loose ball near mid-court.

Pelicans: New Orleans improved to 2-2 without Davis in the lineup. … G E'Twaun Moore, who is 6-foot-4, delighted the crowd by rejecting the 6-8 James near the basket in the first half. … New Orleans shot 60.5 percent (26 of 43) in the first half.=

 

Heat’s Dion Waiters drains game-winning three to knock off Warriors (VIDEO)

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Last week Golden State crushed Cleveland, Oklahoma City, and Houston.

But none of those teams had Dion Waiters.

The final three of Waiters’ 33 points came on a deep pull-up three with 0.6 seconds left to give Miami a 105-102 upset of the Warriors. Waiters shot 13-of-20 overall and 6-of-8 from three.

This was a night the Warriors just could not get the three ball to fall, shooting 8-of-30 (26.7 percent) from deep. This ended Golden State’s seven-game win streak and extended the Miami win streak to four.

Joakim Noah with as ugly a free throw as you’ll see. And he knows it. (VIDEO)

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Joakim Noah used to be a good free throw shooter, he’s hit 70 percent for his career. But he’s shooting just 42.9 percent this season.

And no miss was uglier than the one Monday night against the Pacers.

The best part of this airball was Noah’s reaction — he knew it was bad the second he let it go.

If you want to draw parallels with the Knicks’ season, go for it.