When Wes Edens and Marc Lasry purchased the Milwaukee Bucks for a then-record $550 million it came with one string attached — they had to keep the team in Milwaukee and get a new arena built. If things are not approved an on the way by 2017 the team can be purchased by the league and sold to new owners (mostly likely in the area rather than moved to Seattle or another destination).
Edens and Lasry are taking the first steps toward that new arena, talking with the city about locations, reports Don Walker of the Journal Sentinel.
The new owners of the Milwaukee Bucks hope to identify a site for a new multipurpose arena in the next three or four months, according to Ald. Bob Bauman….
“They have a very tight timetable,” Bauman said. “They want to have a site identified in three or four months. Then they want to do the engineering and design. Then they will focus on the financials.”
The Bucks owners, who live in New York, are trying to learn the lay of the land in Milwaukee — where there is land and where they could get approvals for a stadium (and if it is like every other recent one some retail and residential development around it).
The real question with the arena will be paying for it, this will likely cost at least $500 million. Edens and Lasry have said they would combine to pitch in $100 million, former Bucks owner Herb Kohl pitched in $100 million, and the six minority investors in the team also are expected to kick in some cash for the development.
But to get this done they are going to want some form of public financing. That will prove to be tricky. There is built in opposition to this, particularly any kind of tax (sales or otherwise). If that does become a sticking point, it will lead to some tough decisions for the league about the future of the franchise. Commissioner Adam Silver, even more than former commissioner David Stern, doesn’t want to see franchises move, but this could be his biggest test case, depending on how things shake out over the next few years.
This not only changes the Kings dreams of making the playoffs in the West, it also alters the trade deadline and free agency.
Rudy Gay, the Kings wing and second-leading scorer, has been diagnosed with a torn left Achilles tendon, according to the team. During the third quarter of Wednesday night’s game against the Pacers, Gay drove out of the right corner and, untouched, fell to the floor hard. He had to be helped off the court by teammates.
Team doctors made the initial torn Achilles diagnosis, which will need to be confirmed by an MRI scheduled for Thursday. He would be out not only for this season but likely the start of the next one as well.
Without Gay, a lot more will fall on Matt Barnes and, once he returns from his calf injury in a couple of weeks, Omri Casspi. However, those two are a drop off from what Gay brought to the Kings, and the team’s playoff chances have taken a serious hit (they are 1.5 games out of the eight seed after Wednesday’s loss to the Pacers).
Gay was not happy in Sacramento and had said planned to opt out of the $14.3 million final year of his contract to be a free agent next summer, which made him someone potentially traded before the deadline (although the Kings being in the playoff hunt impacted that). Gay averaged 18.7 points and 6.4 rebounds a game for the Kings, and while his game was a little old school — more isolation and midrange shots than teams prefer — he put up points. Enough that he was drawing trade interest heading toward the deadline from Oklahoma City and other squads.
That is all off the table now. At age 30, if Gay does still opt out of his contract for next season this will impact what he would make on the free market.
Kevin Durant playing the Thunder invites extra emotions.
Russell Westbrook felt them – in the form of a flagrant foul by Warriors center Zaza Pachulia, who stood over Westbrook for emphasis.
Pachulia is really embracing his role doing the dirty work for star-studded Golden State.
That rumor No. 1 pick Ben Simmons won’t play this season?
It just won’t die.
Even after Simmons tried to quash it, even after the 76ers’ CEO outright denied it, even after Simmons returned to practice, even in an otherwise optimistic report.
Chris Haynes of ESPN:
76ers rookie forward Ben Simmons could make his much-anticipated NBA debut shortly after the All-Star break, league sources told ESPN.
Barring a setback in his recovery, sources say the No. 1 overall pick in the 2016 NBA draft has a chance to take the hardwood near March. There still remains the possibility Simmons sits the entire season, sources said, but his situation will continue to be thoroughly evaluated throughout his comeback quest.
76ers coach Brett Brown said there’s “no chance” Simmons plays in Philadelphia’s nationally televised game against the Rockets next week. Other than that, there isn’t much clarity.
It mostly sounds as if Simmons is still too far from returning to say something definitive.
The Hornets did so much right in their 107-85 win over the Trail Blazers, even a bad pass went through the hoop.
Roy Hibbert reacted fantastically to blunder/basket (blasket?).