Terry Stotts Press Conference

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


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.

Expectations sky-high as Jazz look to break playoff drought

PHOENIX, AZ - OCTOBER 05:  Gordon Hayward #20 (second from right) of the Utah Jazz stands with teammates in a huddle during the first half of the preseason NBA game against the Phoenix Suns at Talking Stick Resort Arena on October 5, 2016 in Phoenix, Arizona.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Christian Petersen/Getty Images)
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SALT LAKE CITY (AP) — Joe Johnson had options of where to chase a ring in the twilight of his career and the seven-time All-Star chose to sign a two-year deal with a Utah Jazz team that hasn’t reached the playoffs since 2012.

Johnson, 35, bought into the widespread belief that the Jazz will improve from young up-and-comers to a competitive playoff team.

“It was the talent level and knowing from talking to (coach) Quin (Snyder), they wanted some veteran guys around these young guys and help lead the way,” Johnson said. “That was probably the biggest part.”

That’s the story on the Jazz entering the 2016-17 season: a team no longer on the cusp, but one with postseason expectations.

Snyder and general manager Dennis Lindsey have tried to temper those expectations, but the offseason moves to add veterans spoke volumes. The Jazz traded for George Hill and Boris Diaw and signed Johnson – ending the slow rebuild. The league, however, won’t see what this roster looks like at full strength for some time.

Gordon Hayward is out for an unknown amount of time with a broken finger on his non-shooting hand. Derrick Favors played just one preseason game due to a knee issue. Key reserve Alec Burks still hasn’t returned from arthroscopic surgery to his knee and ankle in June.

So the Jazz didn’t get to fully integrate the new veterans with the established players during the preseason.

“I feel like we’ve got a lot done in spite of (injuries),” Snyder said. “(Diaw, Hill and Johnson) have probably played more preseason minutes than I intended. … It has given them a chance to get acclimated. Their roles, particularly Joe’s, will probably change and evolve when Gordon comes back. Outside of that, there’s challenges. You just don’t know. Certain players, certain lineups. … I don’t think we were able to build quite the connectivity that we’d like at this point. But I felt like this was a team that was going to take a while to develop, too. Hopefully it doesn’t set us back too much.”

The Jazz begin the season on the road against the Trail Blazers on Tuesday. Eight of their first 11 games are on the road.

Things to watch as the Jazz prepare to tip off the season:

STIFLING TOWER: The 7-foot-1 Rudy Gobert has already established himself as one of the best defensive centers in the game, averaging 2.27 blocks over the last two seasons, but he’s shown off a little more offense this preseason. He seemed to catch and finish better than in the past and averaged 14.8 points in six games. The most notable improvement has been Gobert’s free throw shooting. He shot 56.9 percent last year and 74.5 percent this preseason.

RETURN OF EXUM: Dante Exum is back for regular season games for the first time since tearing his ACL in the summer of 2015. The No. 5 overall pick in the 2014 NBA draft is fully healthy and still an upper echelon defender on the perimeter with his 6-foot-6 frame. He looks to become more active on the offensive end with a better floater in the lane and improved 3-point shooting. The point guard showed the ability to log minutes at shooting guard next to Hill during the preseason.

GROWTH AREAS: The Jazz hope the additions and another year of growth will affect three areas in particular. The Jazz were No. 28 in the league with a scoring average of 97.7 points per game. That must improve. Johnson, Hill and Diaw already improve the depth. The team also struggled in close games, finishing 14-28 in games that were within five points with five minutes or less left.

IMPRESSION TIME: Not making the playoffs could not only be disappointing, but a detriment to the future. Hayward has a player-option on his contract after this season and is expected to use it to become a free agent. There will be a large market for his services, so the Jazz need to prove they’re an organization that can compete for championships in the near future. Gobert will become a restricted free agent in July if he doesn’t sign an extension by Oct. 31. Favors is set to become an unrestricted free agent after the 2017-18 season.

Follow Kareem Copeland on Twitter: http://www.twitter.com/KareemCopeland

Cavaliers move up ring ceremony 30 minutes so it doesn’t conflict with World Series

OAKLAND, CA - JUNE 19:  LeBron James #23 of the Cleveland Cavaliers holds the Larry O'Brien Championship Trophy after defeating the Golden State Warriors 93-89 in Game 7 of the 2016 NBA Finals at ORACLE Arena on June 19, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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It’s a good time to be a Cleveland sports fan. Finally.

Next Tuesday, Oct. 25, will be one of the great sports days in the history of the city — the Cavaliers will get their championship rings, and the Indians will open the World Series at home.

Only one little problem: the two events were going to overlap.

So in the spirit of city unity the Cavaliers have moved up the start time of their ring ceremony by 30 minutes, and the game by 30 minutes as well. The ring ceremony now begins at 7 p.m. Eastern, with tip-off against the Knicks at 7:30 (both will be broadcast on TNT, followed by the Spurs at the Warriors).

First pitch for the World Series is at 8 Eastern.

Fans attending the Cavaliers ring ceremony will be given a special silicone ring, which if viewed on their phone through the Cavs app will look like a virtual championship ring. Kind of cool idea.

Tuesday is going to be a great day to be a Cavaliers sports fan (just don’t bring up the Browns). A lucky few will be at these events.

Although personally, I’d rather watch them both on a television while eating the brisket and having a beer at the bar at Mabel’s BBQ.

Warriors first team favored over the field for championship entering season since Michael Jordan’s Bulls

7 Jun 1998:  Michael Jordan #23 of the Chicago Bulls walks on the court during the NBA Finals Game 3 against the Utah Jazz at the United Center in Chicago, Illinois.  The Bulls defeated the Jazz 96-54. Mandatory Credit: Jonathan Daniel  /Allsport
Credit: Jonathan Daniel /Allsport

When asked my prediction for the 2017 NBA champion, I say the Warriors have about a 50-50 chance. Some call that a copout answer – but it’s really not.

For a team to have even odds against 29 others combined entering the season is extraordinary.

Just how rare is it?

David Purdum of ESPN:

Jeff Sherman, head NBA oddsmaker at the Westgate SuperBook in Las Vegas, remembers the 1997-98 Bulls team, which was coming off a 72-win season, being around a minus-125 title favorite entering that season.

But Sherman and other sports betting industry veterans struggled to recall another team — in basketball, baseball or football — that was an odds-on favorite to start the season.

Michael Jordan, Dennis Rodman and Scottie Pippen led Chicago to the championship in 1998 (which was actually two seasons removed from the 72-win year).

Will Stephen Curry, Kevin Durant, Draymond Green and Klay Thompson also meet their oversized expectations and deliver a title this year?

Flip a coin.

Report: Minnesota still talking Tyus Jones trade, Sixers may have interest

TARRYTOWN, NY - AUGUST 08:  Tyus Jones #1 of the Minnesota Timberwolves poses for a portrait during the 2015 NBA rookie photo shoot on August 8, 2015 at the Madison Square Garden Training Facility in Tarrytown, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.   (Photo by Nick Laham/Getty Images)

Tyus Jones has a lot to like — he’s a point guard who makes good decisions, his shot is developing (40 percent from three at Summer League), and he’s got skills. Minnesota won the Summer League championship because of Jones’ leadership — just drafted and highly touted Kris Dunn was out for the title game, that’s where Jones shined.

But Dunn is the future at the point in Minnesota, and Ricky Rubio is still there. So Minnesota is seeing what might be out there for Jones, reports Adrian Wojnarowski of The Vertical at Yahoo Sports.

Minnesota has had talks with Philadelphia, New Orleans, and others about Jones for a while.

Jones is likely a steady backup point guard at the NBA level — he’s a smart passer, knows how to run a team, and as his shot develops he becomes more dangerous. His downside is defense, but as a reserve that’s less of an issue.

For a team like the Sixers — without Jerryd Bayless to start the season — or while New Orleans waits for Jrue Holiday‘s return, Jones makes some sense. The only question is the price going back to Minnesota.