Terry Stotts Press Conference

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

13 Comments

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.

Report: Dwyane Wade’s cousin killed as innocent bystander in gang shooting in Chicago

CHICAGO, IL - JULY 29:  General manager Gar Forman of the Chicago Bulls (L) listens as Dwyane Wade speaks during an introductory press conference at the Advocate Center on July 29, 2016 in Chicago, Illinois.  (Photo by Jonathan Daniel/Getty Images)
Getty Images
7 Comments

This news is just sickening. In a world with just too much sickening news.

According to NBC 5 in Chicago (which spoke to police), Dwyane Wade‘s first cousin Nykea Aldridge was pushing a stroller down the street when she was shot and killed as an innocent in the crossfire of a gang shooting.

The 32-year-old woman, whom family identified as Nykea Aldridge, was apparently the unintended victim of a gang shooting, police said. She was walking around 3:30 p.m. in the 6300 block of South Calumet when two males approached another male and opened fire, police said.

Wade tweeted this.

Aldridge was on her way to a local school to register her kids (they had just moved) when the shooting took place. There has been a rash of gang and gun violence in Chicago in the past year, and Dwyane’s mother Jolinda Wade had just been on a panel on ESPN’s Undefeated talking about it.

Wade is coming to play for his hometown Chicago Bulls this season.

Our thoughts are with Nykea Aldridge’s family and friends.

Bill Walton blames himself for Clippers leaving San Diego

BOSTON, MA - APRIL 13:  Member of the Boston Celtics 1986 Championship team Bill Walton is honored at halftime of the game between the Boston Celtics and the Miami Heat at TD Garden on April 13, 2016 in Boston, Massachusetts. 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 Mike Lawrie/Getty Images)
Getty Images
2 Comments

Donald Sterling was the owner of the Clippers when they left San Diego to move to the Los Angeles Sports Arena in 1984. He’s a greedy man who lived in Los Angeles, he owned a bad Clipper team playing in a fast-aging building in San Diego, Sterling was bouncing checks to the point the NBA was ready to take the team away from him, and the selfish owner wanted the team closer to him in a situation where he could make as much money as possible. To suggest Sterling (especially in that era) made any move that was not financially related would be just wrong.

Still Bill Walton — a San Deigo native — blames himself for Clippers leaving San Diego.

He talked about it with the brilliant Arash Markazi of ESPN.

“When you fail in your hometown, that’s as bad as it gets, and I love my hometown,” said Walton, who grew up in La Mesa, 9 miles east of downtown San Diego. “I wish we had NBA basketball here, and we don’t because of me….

“It’s my greatest failure as a professional in my entire life,” Walton said. “I could not get the job done in my hometown. It is a stain and stigma on my soul that is indelible. I’ll never be able to wash that off, and I carry it with me forever.”

It was not on Walton. Not even close.

This was the Walton between the as-good-as-any-center-ever Walton that led the Trail Blazers to the title in 1977 and the Sixth Man of the Year Walton in Boston in 1985. The Clippers’ Walton was the one battling multiple foot surgeries that kept him out of most of multiple seasons in a row — something he could not control. And if you want to make judgements about how he was healthy before and after his time with the Clippers but seemed to get poor medical treatment on cheap Sterling’s team, go right ahead.

The move to LA was all about Donald Sterling. It was about his pocket book and what was convenient for him. There was a reason his team was at the bottom of the NBA for two decades (and that since he sold the team, while they have struggled to advance deep in the playoffs, they have been a more serious threat).

Bill Walton shouldn’t blame himself.

 

Jeremy Lin has cameo in Taiwanese music video. Because he can.

Leave a comment

You know Jay Chou as “Kato” from the Seth Rogen version of “The Green Hornet.” Well, you know him that way if you’re one of the people who suffered through that disappointing effort.

It turns out, Chou is basically the Justin Timberlake of Taiwan — actor, musician, good at everything he touches (except the Green Hornet, but that’s not on him). He’s huge.

And in his latest music video (above) he has Brooklyn’s Jeremy Lin as a co-star.

There is pop-a-shot, a lot of ice cream references, and of course dancing in outfits that you and I couldn’t pull off in public. Just go ahead and watch it. You know you want to.

Expect to see Chou courtside in Brooklyn this season. They could use it, the Nets need a few celebs in house.

(Hat tip to  of CBSSports.com, apparently an avid follower of the Taiwanese music scene, and The Score.)

As expected, John Wall denies he cares what Beal, Harden, or others make

OAKLAND, CA - MARCH 29:  John Wall #2 of the Washington Wizards dribbles the ball during their game against the Golden State Warriors at ORACLE Arena on March 29, 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)
Getty Images
1 Comment

This was as predictable as Trump mentioning his wall in a stump speech he feels going flat.

Thursday, the Ringer reported that Washington’s John Wall was unhappy when he saw the money thrown around this summer at James Harden and even Wall’s teammate Bradley Beal. The quote that summed it up from an anonymous source: “Wall’s got jealousy issues. He’s always upset with someone who makes more money than him.”

The second that story hit the web you knew Wall would deny it, and that came via ESPN’s The Uninterrupted (which has done well since it’s launch):

For both of you who hate video and prefer it written out:

“I just wanted to clear the air for all these people talking about how I’m watching other people’s pockets and I’m not worried about basketball and getting better. Listen, that doesn’t matter to me. If I produce like I’m supposed to on the basketball court and take care of myself and image, I’m going to be fine with making money. That’s not why I play the game of basketball.”

Two quick thoughts. First, talk to Wall for any length of time and it does become clear he loves basketball and plays the game with a passion. That shouldn’t be up for debate.

Secondly, everybody in the NBA compares salaries. Everybody knows what everybody is making. There’s another locker room measuring comparison equivalent, but I’m not going there. The reality is guys who were not free agents or up for an extension — and because of the length of Wall’s contract, that includes him — were shaking their heads at the money thrown around. Of course they wanted a piece of it. That’s different than jealousy, or lacking chemistry with a teammate because of it.

That said, Beal and Wall have never clicked like expected. Injuries are certainly a part of the issue, but it’s fair to question what else is going on, and if Scott Brooks as coach can change that.