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.

Jose Calderon, Andrew Bogut, Brandon Jennings all officially waived; contenders line up for their services

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It was only a question of when, not if, but it has happened.

Jose Calderon, Andrew Bogut, and Brandon Jennings have been waived and are about to hit the free agent market, according to reports.

They have to clear waivers (Wednesday) before they can sign with a new team. However, all three seem to be headed to teams with dreams of going deep into the playoffs.

The Golden State Warriors want a little depth at the point for the postseason, and they are going with the steady but aged veteran Calderon. He will have limited run behind Stephen Curry and Shaun Livingston, but he will have a role in the playoffs and as a steadying force.

The Washington Wizards are going another, more talented but more combustible direction, and appear the frontrunners to sign Brandon Jennings (Chris Haynes of ESPN had that link. . The Wizards have not loved the play of Trey Burke this season and have leaned on Tomas Satoransky to run some point, expect Jennings to get some healthy run if and when he arrives in Washington.

Bogut is expected to sign with the Cavaliers, although the Spurs could have a shot at him and other teams are asking to get in the mix (not his former team the Warriors, however).

NBA: Bulls beat Suns after two key missed calls late in fourth quarter

Chicago Bulls' Jimmy Butler (21) celebrates his game-tying shot late in the second half of the team's NBA basketball game against the Phoenix Suns on Friday, Feb. 24, 2017, in Chicago. The Bulls won in overtime,p 128-121. (AP Photo/Charles Rex Arbogast)
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The collective ‘we’ were happy the Bulls reached overtime against the Suns on Friday, because we saw Dwyane Wade‘s fantastic dagger dunk.

The Bulls were happy they reached overtime, because they won the game in the extra period.

But with correct officiating down the stretch, Phoenix probably would have won in regulation.

The Bulls got away with two key violations late in the fourth quarter, according to the NBA’s Last Two Minute Report.

First, Jimmy Butler got away with traveling with 1:58 left, per the league:

Butler (CHI) move his pivot foot.

Instead of a Chicago turnover, Butler kicked the ball to Nikola Mirotic, who hit a 3-pointer.

Then, Denzel Valentine got away with a defensive three-second violation with a minute left, per the league:

Valentine (CHI) is in the paint without actively guarding an opponent for longer than three seconds.

A correct call would’ve given any Sun on the court — either Eric Bledsoe (who’s making 85% of his free throws this season and 80% for his career) or Devin Booker (82%, 83%) — a single free throw and Phoenix a fresh shot clock.

Instead, the Suns — facing a tougher road penetrating the paint — turned the ball over.

On their own, those missed calls were each big swings. Together, they were huge in Chicago’s win.

Nets waive Luis Scola

NEW YORK, NY - NOVEMBER 04:  Luis Scola #4 of the Brooklyn Nets looks on against the Charlotte Hornets during the first half at Barclays Center on November 4, 2016 in New York City. 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 Michael Reaves/Getty Images)
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NEW YORK (AP) — The Brooklyn Nets have waived veteran forward Luis Scola.

Scola averaged 5.1 points and 3.9 rebounds in 36 games this season, falling out of the rotation as the league-worst Nets focused more on their younger players, even though the Celtics hold swap rights on Brooklyn’s first-round pick.

General manager Sean Marks said Monday the Nets felt that Scola “deserved the opportunity to contribute to a playoff contender.” Because he was waived by the March 1 deadline, Scola would be eligible to sign with another team and appear on its playoff roster.

Scola has averaged 12 points while playing for five teams in his 10 NBA seasons, and won an Olympic gold medal with Argentina in 2004.

Raptors’ Kyle Lowry undergoing surgery, aims to return for playoffs

CLEVELAND, OH - MAY 25: Kyle Lowry #7 of the Toronto Raptors looks on in the second half against the Cleveland Cavaliers in game five of the Eastern Conference Finals during the 2016 NBA Playoffs at Quicken Loans Arena on May 25, 2016 in Cleveland, Ohio. 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 Andy Lyons/Getty Images)
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Kyle Lowry playing through injury in the All-Star game then missing the Raptors’ first two games after the break has gone from a bad look to a major problem.

Raptors media relations:

Lowry is the Raptors best player, and answering his call, they upgraded around him by trading for Serge Ibaka and P.J. Tucker. Now Lowry isn’t around to lead the charge.

Maybe I’m reading too much into the wording, but merely aiming to return for the playoffs is hardly convincing. Does that mean there’s a chance he could miss the postseason?

That’d be a disaster for Toronto, which has put eggs in the basket for this season, Lowry’s last before unrestricted free agency.

Even if Lowry misses “only” several weeks and returns fully healthy for the playoffs, this harms the Raptors majorly. They’re fourth in the East, but barely behind the third-place Wizards and a chance to avoid the Cavaliers until the conference finals.

This is welcome news to Washington and the Celtics, who might be underdogs in the second round to Toronto’s souped-up roster. Now, it seems increasingly likely Cleveland would face the Raptors in the second round — if they get that far.

Cory Joseph is a fine backup, and Delon Wright offers intrigue as a third point guard. Pressing both up a level just invites problems.

Toronto’s trades positioned the Raptors to rise down the stretch. Now, they’ll just try to hold their ground.