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.

LeBron James helps Cavaliers hold off Pacers, earn sweep into 2nd round

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INDIANAPOLIS (AP) LeBron James made a 3-pointer with 68 seconds left Sunday and the Cleveland Cavaliers hung on for a 106-102 series-clinching victory at Indiana.

James finished with 33 points and 10 rebounds as he became the first player under the current playoff format to win 21 straight first-round games. He also set a league record with his 10th career playoff sweep.

It sure wasn’t easy. After taking a 96-83 lead with 9:29 to go, the Cavs found themselves in a 102-100 deficit with 1:31 left.

But James answered with the go-ahead 3-pointer and Cleveland sealed the win on James’ free throw with 1 second left.

Lance Stephenson scored 22 points and Paul George added 15 but missed a 3-pointer that could have forced overtime in the closing seconds. It’s the first time the Pacers have lost a series 4-0 in their NBA history.

Kyrie Irving added 28 points for the Cavs, who await the winner of the Bucks-Raptors series.

Indiana got back into the game with a 7-0 spurt early in the in the fourth, then methodically continued chipping away at the lead until Thaddeus Young tied the score at 100 with a short jumper and broke the tie on a tip-in with 1:31 left.

But James, whose teams were 51-0 when starting the fourth quarter with double-digit leads in the postseason, made sure the perfect record remained intact.

Cleveland has won seven straight playoff games overall and 11 straight in the first round since James returned to his hometown team.

It was another milestone day for James, who moved past Michael Cooper, Magic Johnson and James Worthy on the league’s list of consecutive first-round wins, and past Tim Duncan for most career sweeps, according to Elias Sports Bureau.

James also went 13 off 25 from the field, tying Kobe Bryant for fourth on the career playoff list for field goals. Each have 2,014 baskets.

Indiana has lost five straight postseason games and six of its last eight.

TIP-INS

Cavaliers: Will make their 11th appearance in the conference semifinals. … Cleveland has swept all eight series in which it has taken a 3-0 lead. … Tristan Thompson grabbed 11 rebounds Sunday, giving him double digits in all four games. … Deron Williams scored 14 points and Kevin Love had 16 rebounds.

Pacers: George finished with a series-low point total Sunday and was 3 of 9 on 3s after entering the game with a league-high 15 3s in the playoffs. … Teague scored 15 points and was the catalyst in the final spurt, including blocking one of James’ shots. He can become a free agent this summer. …Myles Turner had 20 points and nine rebounds, while Young had 13 points and 10 rebounds.

UP NEXT

Cleveland gets some extra rest before finding out who it will play in the second round. Indiana embarks on a crucial offseason that could dictate the franchise’s future.

More AP NBA: apnews.com/tag/NBAbasketball

JR Smith turns it over with behind-the-back pass, Paul George misses rim on tying 3-pointer (VIDEO)

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The Cleveland Cavaliers sweep of the Indiana Pacers was not easy. Sunday’s Game 4 matchup was tight through the first two quarters, and despite the Cavaliers opening up a sizeable lead in the third, it was the Pacers who battled back late to make it a game.

Despite the clean basketball that was played throughout the game, the final minute was one of the weirdest we’ve seen in a swept series.

It started with LeBron James hitting a clutch 3-pointer with 1:09 left in the fourth quarter to give the Cavaliers a 103-102 lead.

The Pacers then turned the ball over with a chance to tie or take the lead with less than 15 seconds to go. JR Smith recovered the ball on the fastbreak, but flipped it behind his back on an ill-advised pass.

That gave the Pacers the ball once more, and Indiana’s Paul George got an open look at a 3-pointer. Unfortunately, it was a clanker that never even drew rim.

Cleveland beat the Pacers, 106-102, to complete the sweep. The Cavaliers await the winner of the Raptors-Bucks series, which is currently tied 2-2.

Rockets’ Patrick Beverley fined $25,000 for incident with Oklahoma City Thunder fan

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Chicago Bulls PG Rajon Rondo had to dole out a nice chunk of change on Sunday. The league fined Rondo $25,000 for attempting to trip Boston Celtics wing Jae Crowder. But Rondo isn’t the only point guard during these playoffs who earned a fine from the league.

Thanks to an altercation with a fan during Game 3 against the Oklahoma City Thunder, Houston Rockets guard Patrick Beverley also found himself at the wrong end of a $25,000 fine from the league on Sunday morning.

Via ESPN:

In the first half, Beverley got knocked down after attempting a layup and landed at a fan’s feet, identified as Stuart Scaramucci, son of minority Oklahoma City Thunder owner Jay Scaramucci. Beverley got up and immediately started to complain about Scaramucci.

He pointed at Scaramucci as referee Scott Foster and several Rockets went to help him up. After the game, Beverley approached Scaramucci, who was sitting behind the basket, and they got into a heated discussion.

Rockets forward Sam Dekker went to pull Beverley away, and he left the court as fans yelled at him.

A live video of the incident that occurred after the game was posted to social media.

Ah, Patrick Beverley. There’s not enough players in the NBA to have beef with so why not have some with a fan? Or perhaps the son of a minority owner shouldn’t be such a goober and should try to represent the franchise a little better?

Let’s say both?

Houston leads the series, 2-1. Game 4 is on Sunday in Oklahoma City.

Report: Warriors coach Steve Kerr not expected back to coach in first round vs. Blazers

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Golden State Warriors coach Steve Kerr missed games last year due to a back injury that gave him chronic pain. Kerr also missed Saturday’s Game 3 win over the Portland Trail Blazers due to an unspecified illness, and reports out of Oakland are that Kerr will not return to coach the rest of the first round series.

What Kerr is battling is still unknown, apparently even to the Warriors. According to a report from the Mercury News, Kerr is having trouble walking and has been in excruciating pain.

Via MercuryNews.com:

Vague descriptions like “illness” and “not feeling well,” are usually a sign something is wrong. In this case, according to sources, it is.

At the worst of this current illness, Kerr was in excruciating pain, according to the sources, and he could barely walk. It was scary because it wasn’t a feeling he’s had before.

The worst part, the Warriors don’t yet know what is going. They had to say “illness” because there are no answers yet.

Kerr hasn’t felt well all series, according to people around him, and recently it become unbearable. It is unknown if these issues are even related to his past well-known health problems.

No matter your loyalty, I think we’re all hoping for Kerr to get an answer and feel better soon. If you’ve ever dealt with chronic pain it can be something that not only debilitates your body but grates at your emotional state, too.

Meanwhile, Kerr’s absence is a huge question for the Warriors moving forward. Last season it was Luke Walton who helmed the squad so well it earned him the head coaching position for the Los Angeles Lakers. But this injury comes late in the game for Golden State, and while they may be able to cut through the first rounds of the playoffs without Kerr, there’s no doubt they would rather have him on the bench for later rounds.

In Kerr’s absence, assistant coach Mike Brown took the helm for the Warriors against Portland in Game 3. The Blazers blew a huge lead they held most of the game as Golden State took a 3-0 series lead, 119-113.

Update:

Kerr was apparently feeling a bit better this morning. Some good news!