When Herb Kohl agreed to a deal then announced the sale of the Milwaukee Bucks to New York based hedge fund managers Marc Lasry and Wes Edens for a record $550 million, Kohl said he was confident the team was not moving. Lasry and Edens talked about putting together a unified effort to get a new arena built — and started by 2017 when the current lease is up — because their goal is to keep the team in Milwaukee.
Now we know why.
The contract to sell the team says if Lasry and Edens can’t get the area built the league can buy the team back from them rather than let them move it, reports Brian Windhorst at ESPN.
The NBA has the right to buy back the Milwaukee Bucks from incoming owners Wesley Edens and Mark Lasry if a deal to a bring a new arena to the city is not in place by November 2017, according to sources briefed on the situation.
Sources told ESPN.com that the sale agreement announced last week to transfer the Bucks from longtime owner Herb Kohl to Edens and Lasry for a purchase price of $550 million includes a provision that allows the league to buy back the team for $575 million if construction on a new building in Milwaukee is not underway by the deadline.
What that means is that Lasry and Edens can’t turn around and sell to Chris Hansen in Seattle or some other outside group looking to move the team and just turn a healthy profit as the middlemen (not that $25 million is shabby).
The question becomes if Lasry and Edens can’t get it built — with Kohl putting $100 million in the kitty and the new owners putting up that much or more of their own cash — then who can? And if this group can’t get an arena built, should the team be sold to be moved?
Adam Silver doesn’t want that (he pushed behind the scenes to give Sacramento the chance to hold off Seattle’s efforts last year), he believes in franchise stability. This seems like a situation that is prime to get that new arena built in Milwaukee and keep that historic franchise right there.
But now we know what the consequences are if the arena deal falters.
Sevyn Streeter said the 76ers prevented her from singing the national anthem at tonight’s game because she was wearing a “WE MATTER” jersey:
“The Philadelphia 76ers organization encourages meaningful actions to drive social change. We use our games to bring people together, to build trust and to strengthen our communities. As we move from symbolic gestures to action, we will continue to leverage our platform to positively impact our community.”
This is a continuation of Carmelo Anthony‘s argument: The emphasis should be on action in communities and there’s no longer a place for gestures like Colin Kaepernick kneeling.
But this needn’t be an either/or discussion. Community-based action is obviously important (though don’t assign responsibility to NBA players to fix racism). Recognizing the width and depth of the problem is necessary – which is why symbols matter, too.
Take Street’s shirt at face value. “We matter.” “Black lives matter.” What’s so offensive about that? There is no implicit “more” attached.
Yet, the 76ers found it antithetical to their brand.
This is why the widespread “unity” message preached by arm-locking NBA players left so much to be desired.
To the 76ers, unity meant silencing Streeter.
Is that what players were demonstrating on behalf of during the preseason? I’m sure that arena was much more united with a 76ers dancer singing the anthem than it would have been with Streeter spotlighted. But sometimes divisiveness is necessary to advance a cause.
If the 76ers don’t want Streeter using their platform to say “WE MATTER,” that’s their right. Not everyone has to support that choice, though.
No NBA players followed Colin Kaepernick’s lead by kneeling during the national anthem in the preseason.
But that courageous form of protest still found its way onto NBA courts.
A national-anthem singer knelt before a Kings game, and other did at a Heat game.
Another singer wanted to take a bold stance for the 76ers’ regular-season opener against the Thunder tonight by wearing a “WE MATTER” jersey, but she said the team stopped her.
A 76ers dancer performed the anthem instead:
The 76ers deserve some latitude to choose how someone uses their platform. But what about claiming black lives matter is antithetical to the 76ers’ brand?
The team did not immediately respond to request for comment. I will update if it does.
The Russell Westbrook era didn’t get off to the fastest start for the Thunder, who fell behind the 76ers early.
This Philadelphia fan got way ahead of himself (and any reasonable standard of decency).
Via Andy Bailey of Bleacher Report:
Oklahoma City responded with a 5-0 run, Westbrook scoring three points himself and assisting another basket.
The No. 28 pick, R.J. Hunter became the first first-rounder from last year’s draft to fall out of the NBA when the Celtics waived him.
He won’t be out of the league for long.
The Bulls, the only team with an open roster spot, appear close to adding him.
Shams Charania of Yahoo Sports:
Hunter belongs in the league. Though he must knock down shots far more reliably than he has, Hunter has potential as an outside shooter with complementary ball skills to provide value. Boston just had more NBA-caliber players than roster spots.
He’s far from a lock to succeed in the NBA, but I value Hunter about as much as Tony Snell – whom the Bulls just traded for an upgrade at backup point guard in Michael Carter-Williams. That they could so cheaply replace Snell makes that deal look even better.