What’s the lifespan of an NBA arena, before it becomes a dinosaur?
Apparently, about two decades.
The Timberwolves play in the 21-year-old Target Center in Minneapolis and Tuesday owner Glen Taylor and community leaders started to lay out a $155 million plan to modernize the building. What they want to do is find a public/private partnership to enhance public money and revenue bonds in place, everyone told the Star Tribune.
“If we could have our wish list, we do what a lot of other communities have done, and that would be have a new facility,” Taylor said. “But I served in the Legislature. I know the difficulties that the government is facing, so we have never asked for a new facility. What we want is to bring this up to date for our fans. … We want our fans to have the same experience that they would have at Target Field, the Xcel Center or the new football field at the University of Minnesota [TCF Bank Stadium].”
A $1 billion bonding plan announced by Gov. Mark Dayton Monday includes $8 million to match city money (Minneapolis mayor R.T.) Rybak said will be used for basic upkeep at Target Center. The city already has $50 million in tax increment financing funds over the next 10 years aimed at keeping the facility functional.
“Now we have to come up with a public-private venture to bring it up to another level,” Rybak said.
The amenities being discussed are changes to seating and sight lines (making it easier to draw concerts to the venue), more and better food vendors, more bathrooms, and a beautification of a building that from the outside looks like a lot of cement. Part of the plan is to change the corner of the building where the main entrance is to create a more inviting space and lobby area.
Only three other NBA teams have older buildings, and the Kings are desperately trying to get out of theirs while Madison Square Garden is undergoing a massive renovation.
One last look back: Best dunks of All-Star Weekend (VIDEO)
“The recruiting process is really going alright. It’s going alright. I’m trying,” Beal said. “This is new for me. I’m definitely getting some ears and seeing what guys are looking for.”
Beal was too smart to name names — that would have brought a fine from the league — but he said some guys asked if he was happy where he was, while other guys he talked to about the possibilities in Washington.
The problem is while the Wizards will have some cap space after trading Otto Porter and Markieff Morris (and assuming they don’t pick up the option on Jabari Parker) but they will be nowhere near the max cap space needed to land the elite free agents at the All-Star Game (Kevin Durant, Klay Thompson, etc.). Even the second-tier All-Star free agents such as Khris Middleton will get max offers. Same with players who just missed the game, such as Tobias Harris.
If the Wizards renounce free agents they can get to $9 million in cap space, stretch and waive Ian Mahinmi and they can get to $18 million. That’s the top end. Meaning the Wizards will have room to make moves for good rotation players, but with John Wall‘s supermax extension kicking in at $38 million next season flexibility is limited. Genuine upgrades will be hard to come by.
Predicting what Washington GM Ernie Grunfeld will do next summer is a fool’s errand, but Beal is doing his part to try and bring more talent into Washington.
Kevin Garnett says 2000 Olympic team had $1 million bounty to dunk on Yao Ming
Team USA earned a Gold Medal in the 2000 Olympics in Sydney, led by Vince Carter, Kevin Garnett, and Alonzo Mourning. Lithuania made the Americans work that year, losing by just nine in pool play then by two points in the semi-finals.
That’s not what anyone remembers from those Olympics, they remember Vince Carter doing this to 7-footer Fredric Weiss of France.
Everything just paused. First of all, people didn’t know, we had a bounty out on Yao Ming. The whole USA team had a bet. We had a million dollar bet on who was going to be the first person to dunk on Yao Ming. None of us did. We all tried to dunk on Yao, but he would block it or we would miss. So, the first thing I thought of when I saw Vince dunk over Frederic was oh s***, you won the million dollars. But then I realized it obviously wasn’t Yao. I pushed Vince, and if you look at the clip, he almost punches me in the face by accident. But my first thought was, oh s***, you won, you got the million.
KG has the best stories.
MSG denies rumor James Dolan looking to sell Knicks
“The story is 100% false. There has been nothing. No discussions. No plans to have discussions – nothing.”
That’s pretty unequivocal.
While Dolan may entertain the idea on some level of selling the Knicks, until he takes concrete steps to do so — not rumors, but actual, documented moves — I’m not buying it. He’s sitting on a gold mine that keeps going up in value, despite how he manages it, so why sell now? Knicks fans that buy this rumor will likely end up like Charlie Brown trying to kick the football.