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.
HOUSTON (AP) Stephen Curry scored 32 points, Klay Thompson had 25 and the Golden State Warriors built a big lead early and held on for a 113-106 win over the Houston Rockets on Tuesday night.
The Warriors scored 37 points in the first quarter and never trailed on the way to their eighth straight victory and 60th this season.
Golden State led by eight after a pair of free throws by Curry with just over three minutes left. Patrick Beverley countered with a tip-in layup for Houston, then was fouled when he was knocked to the ground on a screen by Draymond Green seconds later.
James Harden missed a layup on the next possession before Green added a shot on the other end to put the Warriors up 107-99.
Another layup miss by Harden followed, and Curry made a 3-pointer with 1:46 left to send fans streaming to the exits.
There was a scary moment during the matchup between the Golden State Warriors and Houston Rockets on Tuesday night. During a change of possession, Houston’s Trevor Ariza and and Golden State’s James Michael McAdoo got tangled up and fell together on the floor.
McAdoo was under Ariza and wound up getting his head slammed into the hardwood. He was immediately taken off the floor and sent to the locker room.
The NBATV broadcast said McAdoo received stitches but did not test positive for a concussion. He is averaging 8.7 minutes, 2.9 points, and 1.7 rebounds per-game for the Warriors.
Jusuf Nurkic did not enjoy his time as a member of the Denver Nuggets. His trade to the Portland Trail Blazers in exchange for Mason Plumlee was a welcome change of scenery.
On Tuesday night, Nurkic got to take on his old team with huge playoff implications at stake. Portland beat the Nuggets, 122-113, moving a game ahead of their rivals in the race for the No. 8 seed in the Western Conference and giving them the best tiebreaker between the two.
Nurkic was impressive, blasting his old squad with 33 points on 12-of-15 shooting, adding 16 rebounds, three blocks, and two assists.
Nurkic was interviewed in the arena after the game, and he was obviously happy he helped his team while also sticking it to Denver. Speaking with Portland reporter Brooke Olzendam, Nurkic took one last shot at the Nuggets, telling them to enjoy their summer.
Nurkic quite possibly sent the Nuggets packing for the year with the game at the Moda Center on Tuesday, so he might have been the guy who helped start their summer.
Still, that is ice cold.
Miami Heat forward James Johnson is one of the NBA’s best in-game dunkers. On Tuesday night against the Detroit Pistons, he yammed down a huge one-handed slam that embarrassed Marcus Morris and drew gasps from the crowd at the Palace.
The play came midway through the fourth quarter with Johnson at the top of the key. After a quick pass over to him, Johnson gave a quick hesitation before driving to his left and past his defender.
With the quick step, Johnson’s only remaining opponent at the basket was Morris, who was unfortunate enough to find himself between the high-flying Heat and the rim.
This is what happened next:
Morris was whistled for a foul on the play.