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.

Suns’ Marquese Chriss shows off crazy hops to throw down alley-oop (VIDEO)

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Marquese Chriss has ridiculous athleticism, which is why a lot of teams had their eye on him last draft.

He’s still trying to figure out how to make that talent work for him on the court, but on plays like this third quarter alley-oop your jaw drops.

The Suns got the upset win over the Raptors thanks to a monster game from Eric Bledsoe.

Karl-Anthony Towns carries Wolves past Nuggets, 111-108

Minnesota Timberwolves teammates Karl-Anthony Towns, center, and Tyus Jones (1) celebrate their lead in the second half of an NBA basketball game Sunday, Jan. 22, 2017, in Minneapolis. The Wolves won 111-108. (AP Photo/Stacy Bengs)
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MINNEAPOLIS (AP) — Karl-Anthony Towns had 32 points, 12 rebounds and seven assists and hit the go-ahead shot with 42.5 seconds to play to lead the Minnesota Timberwolves to a 111-108 victory over the Denver Nuggets on Sunday night.

Towns hit 13 of 19 shots and also had four blocks and Andrew Wiggins scored 24 points in Minnesota’s fourth straight home win. Shabazz Muhammad scored 20 points off the bench and the Wolves rallied from nine points down midway through the fourth quarter for the win.

Gary Harris scored 22 points and Nikola Jokic had 18 points and eight rebounds for the Nuggets on the second night of a back-to-back. Wilson Chandler and Jamal Murray added 17 points each for Denver, which played without Emmanuel Mudiay because of a sore back.

Kris Dunn had 10 points and nine assists for the Wolves while starting for Ricky Rubio, who missed the game to attend his grandmother’s funeral.

The Wolves were down 100-91 midway through the fourth quarter when Towns and Muhammad keyed a 12-2 run. Muhammad finished the spurt with a layup for a 103-102 lead, Wiggins hit a 3-pointer and Towns knocked down a jumper from the baseline to put the Wolves up for good in a thriller.

The game featured two of the best young big men in the game in Towns and Jokic. Both are considered the new breed of NBA center, able to shoot the ball like a shooting guard, pass it like a point guard and run the break like a small forward.

Denver coach Mike Malone said the Nuggets offense took off when he inserted Jokic into the starting lineup, and the Serbian gave his coach the luxury of being able to weather Mudiay’s absence by running the offense through him. Rookie Jamal Murray saw extended minutes at point guard, running the pick-and-roll with Jokic to perfection.

Towns knows there is a segment of the NBA analytics community that believe Jokic should have won rookie of the year honors last year, and he went right at Jokic every time he had the chance on Sunday night. Towns dunked on Jokic twice and had another blow-by for a dunk in the second quarter that got the crowd on its feet.

TIP-INS

Nuggets: Denver committed 18 turnovers leading to 31 points for Minnesota. … Mudiay stayed home in Denver to get treatment for his back. The hope is that it is a short-term injury.

Timberwolves: Gorgui Dieng was limited to six minutes in the first half after picking up three quick fouls in the first quarter. … Rubio is expected to rejoin the team on Monday.

SHABAZZ SHINES

Muhammad made 9 of 14 shots, including two 3s and hustled on defense as well, giving the Wolves some much-needed production off the bench. Zach LaVine had another quiet night as he works his way back from a hip injury, but Muhammad picked up the scoring slack. He reached double figures for the fourth time in seven games.

 

Eric Bledsoe’s career day leads Suns over Raptors 115-103

Phoenix Suns guard Eric Bledsoe (2) drives past Toronto Raptors guard Kyle Lowry during first-half NBA basketball game action in Toronto, Sunday, Jan. 22, 2017. (Chris Young/The Canadian Press via AP)
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TORONTO (AP) — Eric Bledsoe scored a career-high 40 points and had 13 assists and the Phoenix Suns handed the Toronto Raptors their third straight loss, 115-103 on Sunday night.

Bledsoe was 11 of 17 from the floor, including 4 of 7 from 3-point range, and Devin Booker added 20 points as the Suns won their second straight road game following Saturday’s win at New York. The victory also completed a season sweep of the Raptors for the first time since 2013-14 and improved Phoenix to 11-6 against Eastern Conference teams this season.

DeMar DeRozan had 22 points for Toronto and Jonas Valanciunas added 16 points and 12 rebounds for his 17th double-double of the season. It’s the first time the Raptors have lost three straight since Nov. 6-10, 2015.

Kyle Lowry was ejected with 1:30 left after a flagrant-two foul following contact with the head of Brandon Knight. It capped a night to forget for Lowry, who had 15 points but shot just 5 of 17, including 1 of 9 from 3-point range.

Toronto led from the 2:13 mark of the second quarter until the Suns tied it at 95 on a banked hook shot from Tyson Chandler with 7:29 to play. After DeMarre Carroll and Bledsoe exchanged baskets, Phoenix went on an 18-6 run the rest of the way to take the game away from the Raptors.

After falling behind on Bledsoe’s 3-pointer just 19 seconds in, the Raptors responded with a 12-0 run, punctuated by a spectacular alley-oop dunk by Lucas Nogueira from Lowry’s pass. The Raptors led 31-28 after 12 minutes.

DeRozan led the way in the second quarter, going 4 of 5 from the floor for 12 points as the Raptors built their lead to seven on a driving layup with 1:51 to play in the half. The Suns countered with a 10-4 run to go into the interval down 60-57.

The Raptors extended their lead to seven in the third but only shot 36.8 percent from the floor and were unable to pull away, settling for an 85-82 edge after 36 minutes.

TIP-INS

Suns: One night after setting the mark, Chandler ended his franchise record and career high of consecutive 15-plus rebound games at seven with nine rebounds on the night. … F Dragan Bender left with 9:03 remaining in the second quarter with a sore right ankle and did not return.

Raptors: F Patrick Patterson (left knee) missed his sixth consecutive game. … The Raptors got double-digit points from all five of their starting players.

HOME AT LAST

Toronto’s prized free-agent signing Jared Sullinger played his first home game for the Raptors on Sunday night. After missing the first 41 games of the season following left foot surgery, the forward made his debut in Friday’s loss in Charlotte before entering the fray Sunday with 3:56 to play in the first. He ultimately played 13 minutes, scoring nine points.

DRAWING LEVEL

With 22 points Sunday, DeRozan tied Chris Bosh for second in franchise history with 265 games with at least 20 points. Vince Carter leads the way with 273 such games.

HIGHLIGHT REEL

With 7:10 left in the third, Marquise Chriss made a spectacular, one-handed alley-oop dunk from T.J. Warren‘s lob pass that was slightly behind him, falling to the floor before rolling over and popping right back up.

 

Magic had one highlight: Aaron Gordon in transition with dunk (VIDEO)

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Golden State didn’t have much trouble with Orlando Sunday, pulling away in the second half as Stephen Curry and Klay Thompson each had seven threes.

But the Magic did have one highlight: Elfrid Payton found Aaron Gordon in transition and we know the man can finish. Enjoy.