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.

Kawhi Leonard returns Tuesday on minutes restriction

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The Spurs have been the Spurs this season, going 19-8 with an elite defense and offense that’s good enough to get them wins, thanks to LaMarcus Aldridge playing at an All-Star level.

Starting Tuesday, they add Kawhi Leonard back to the mix.

He will return to the lineup against Dallas, but will be on a minutes restriction, coach Gregg Popovich said on Tuesday. He would not say how many minutes, although around 20 seems a logical starting spot.

Leonard is one of the five best players in the NBA (and that may be selling him short). He averaged a career-high 25.5 points a game last season, he’s arguably the best perimeter defender in the NBA, and he finished third in the MVP voting last season.

However, there are going to be adjustments. LaMarcus Aldridge has been the focal point of the offense, but he could see fewer touches, particularly in crunch time. Kyle Anderson could see fewer minutes, and Rudy Gay may as well because Popovich liked some small-ball lineups last season with Leonard at the four. A lot of players will see their rotations change.

That said, it’s the Spurs. Do we really expect them to be anything but an incredibly good regular season team? One that is about to get better?

 

 

 

Pelicans’ Tony Allen out 3-4 weeks with fibula fracture

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The injuries just keep hitting the Pelicans. Guys like Solomon Hill and Alexis Ajinca are out for extended periods of time. Anthony Davis has missed four of the team’s last six games and is questionable for Wednesday night due to a left adductor injury.

Now comes the news that reserve guard Tony Allen will be out three to four weeks due to a nondisplaced left proximal fibula fracture, the team announced Tuesday. This is the part of the bone near the ankle.

Allen has played a limited role for New Orleans off the bench this season, averaging 12.4 minutes a game, and averaging 4.7 points. His reputation is that of a defensive stopper, and when he is on the court this season the Pelicans’ defense has been 5.6 points per 100 possessions better. However, father time has started to catch up with him and he is not the defender he once was.

Expect the minutes to bump up for Jrue Holiday and E'Twaun Moore with this injury, which is not a bad thing as they have played well (they were knocking down threes against the Rockets Monday like they were named Curry), plus Ian Clark could get a little more run.

Watch Kawhi Leonard chop boards ‘karate styyyle’ (video)

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Kawhi Leonard, enabled by the Spurs’ no-nonsense culture, is probably the NBA’s most boring superstar.

He’s widely recognized as the league’s best defender, and he has worked himself into an elite offensive threat. He has already won a Finals MVP, and regular-season MVP could eventually be in the cards.

But Leonard is notoriously reserved. For someone who has been on this stage for so long, we know little about him.

Except we now know he apparently likes karate.

Leonard:

Gonna chop y’all up. Look at all of us. Karate styyyle.

If “karate styyyle” doesn’t become Leonard’s catchphrase, I don’t even know what we’re doing.

Leonard will finally have the chance to chop up an NBA opponent tonight, when he makes his return from injury.

Michael C. Wright of ESPN:

Kevin Durant brings fan to tears with autographed shoes (video)

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Kevin Durant has become a villain to many.

Clearly not to this Warriors fan, though.