The Bucks borrowed $55 million from the NBA… last year

18 Comments

The Milwaukee Bucks are a pretty good example of the market struggles facing smaller-market owners in the NBA. It’s not like owner Herb Kohl hasn’t hired good people. John Hammond and Scott Skiles are both very good at their respective positions. And it’s not like Kohl hasn’t spent money on players. From Michael Redd to John Salmons to Drew Gooden to Andrew Bogut, the Bucks have kept the purse strings loose to try and build a winner. But the market simply hasn’t been great without the ability to convince fans they can compete for a championship (with good reason). And as a result, the Bucks have lost quite a bit of money. And it would appear the Bucks have tapped the league for quite a bit of help to cover themselves for the red line present and future.

From the Milwaukee Journal-Sentinel:

U.S. Sen. Herb Kohl, owner of the Milwaukee Bucks, borrowed at least $55 million last year from the NBA’s credit facility, according to his Senate financial disclosure form.

Disclosure rules in the Senate do not require senators to disclose the exact amount of their investments, assets and liabilities. But the records indicate that Kohl borrowed at least $55 million in three separate loans in behalf of the Bucks.

The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility.

via Kohl borrowed from NBA – JSOnline.

The Journal notes that taking the loan doesn’t necessarily mean that the team lost money. But considering Kohl has openly said the Bucks have lost money and their status in Forbes’ franchise-value list, it’s a pretty good bet. That’s quite a bit of cash for one franchise, and with Kohl deciding not to run for re-election in 2012, you have to wonder if eventually Kohl won’t be the one writing checks, or applying for loans on behalf of the Bucks.

It’s probable that Kohl would look to sell the team to a local ownership group to keep the team in Milwaukee, but considering that kind of red ink on the books, it might be difficult. Meanwhile, expect ownership to use this kind of information to squeeze the players, using it as evidence of their enormous losses over the past several years while the players continue to respond in saying that revenue sharing and other venues will solve the problem and no one really having a conversation about it.

It’s hard to pinpoint anything Kohl’s done to put himself in this situation. The Bucks have made their fair share of poor moves, player-wise, management-wise, coaching-wise over the past few years, but they’ve been respectable. Everyone points to the Knicks’ failures to win a title as evidence the system doesn’t favor big market teams, but a look at the larger markets’ black ink compared to cases like this shows there’s enough there to support the idea of the system being broken.

Only question is how long it will take to fix it.

(HT: IamaGM.com)

Grizzlies’ starter JaMychal Green suffers broken jaw, has surgery, out at least 4 weeks

Getty Images
Leave a comment

For a team that needs everything to go right to make the playoffs in the deep West, this is a significant setback.

Grizzlies starting forward JaMychal Green will be out at least a month, likely more, with a broken jaw suffered against the Hawks on Friday night, the team announced.

“Resume basketball activities” means start to practice, which would make his return more like six weeks. For some comparison, when Nikola Mirotic has his jaw broken last season (in very different circumstances, thanks again Bobby Portis) it took about seven weeks for him to return to the court.

For Green and Grizzlies fans, this is the worst kind of deja vu — last season Green sprained his ankle four minutes into the team’s home opener and missed the next dozen games.

Green is a solid three for the Grizzlies, averaging 7.5 points and 6 rebounds through two games this season (which is right in line with his numbers this season).

This likely means rookie Jaren Jackson Jr. — who has impressed coming off the bench in two games, as he did at Summer League — moves into the starting lineup. That should be interesting for the Grizzlies.

Maintenance rest starts early: Kawhi Leonard, Gordon Hayward, Jimmy Butler all out Saturday

Getty Images
3 Comments

Last season the NBA leaned in on teams resting players, particularly in high-profile, televised games. The NBA built in rest before those games to help, and teams mostly played along, but players who teams wanted to be cautious with still got their rest. That is not changing now, NBA teams have science to back it up.

The rest is starting early this season — Toronto’s Kawhi Leonard, Boston’s Gordon Hayward, and Minnesota’s Jimmy Butler are all out Saturday night on the second night of back-to-backs.

Neither of these should be a surprise. Both Hayward and Leonard are coming off injuries that cost them a season and both are clearly feeling their way back into this season (Leonard seems ahead of Hayward on that front so far). Both Toronto and Boston have their eyes on May and June, there is no reason to push a player and risk injury in October that could be a much more significant setback.

In Toronto, OG Anunoby will start on the wing for Leonard. In Boston, Aron Baynes will start as Brad Stevens goes big.

In Minnesota…

It will be interesting to see how the Timberwolves come out against Dallas without Butler, who is their spark plug. Andrew Wiggins and Karl-Anthony Towns should step up and have big nights to lead the team, this is a game Minnesota should still will, but how will they respond on a back-to-back? Something to watch.

Lakers’ James to make home debut against Rockets tonight

Getty Images
1 Comment

ASSOCIATED PRESS — LeBron James will make his regular-season home debut as a member of the Los Angeles Lakers when they host the Houston Rockets on Saturday night.

James, a four-time NBA most valuable player, signed with the Lakers in July after leading the Cleveland Cavaliers to four straight NBA Final appearances, including their first championship in 2016.

He has played in every NBA Finals since 2010, also winning titles in 2012 and 2013 with the Miami Heat.

James had 26 points, 12 rebounds and six assists in his Los Angeles debut against the Trail Blazers in Portland on Thursday night, but the Lakers lost 128-119.

The Lakers will likely need a better start with their long-range shooting against the Rockets. Los Angeles missed its first 15 tries from 3-point range before finishing 7 for 30 (23.3 percent) against Portland.

James said he and his new teammates are still going through a feeling-out period.

“It takes a while to get to where you can close your eyes and know exactly where your guys are,” he told reporters after his Lakers debut. “It’s going to take patience from our team, from all of us, to just figure out one another, figure out what we are good at, figure out what we are not so good at, how we can be better at it.”

The Rockets returned their core players from last season’s team that lost to the Golden State Warriors in the Western Conference Finals, and they added 10-time NBA All-Star forward Carmelo Anthony to the mix. They seemed to run low on energy in their season opener against the visiting New Orleans Pelicans on Wednesday night, however.

After getting outscored by 17 points in the first half, the Rockets were unable to generate a push against the Pelicans and lost 131-112. New Orleans shot 53.1 percent from the floor.

“I thought they were tired,” said Rockets coach Mike D’Antoni, who coached the Lakers for two seasons (2012-13 and 2013-14).

James Harden, who averaged an NBA-leading 30.4 points last season en route to winning NBA MVP honors, was held to 18 points on 6-for-15 shooting.

Anthony, who played the last season with the Oklahoma City Thunder, scored nine points off the bench on 3-for-10 shooting.

Harden, a Los Angeles-area native, is averaging 30.3 points in 32 career games against the Lakers.

One of the bright spots for the Lakers in their season opener was the play of reserve shooting guard Josh Hart. The second-year player scored 20 points on 8-for-12 shooting, including 3 for 5 from 3-point range.

Hart played 27 minutes, the same as starting shooting guard Kentavious Caldwell-Pope. who was limited to five points on 1-for-3 shooting from the floor.

Hart didn’t want to talk about his offense afterward, but rather how he could improve on his defense after Portland reserve shooting guard Nik Stauskas scored 24 points and shot 5 of 8 on 3-pointers.

“Just got to make sure we get the adjustments down and get better on defense,” he told Spectrum SportsNet.

Raptors’ pregame video on Canadian broadcast is group therapy session for Toronto

Getty Images
1 Comment

Raptors fans are pumped — and they should be, their team knocked off the Celtics Friday night with Kawhi Leonard dropping 31 points (and still showing some rust on the offensive end, he is going to get better). Toronto is positioned to be the one team in the East that is a genuine threat to the Celtics (sorry Philly, not just yet).

Yet Raptors fans as a whole expect the worst, they come with a grey cloud following them and an inferiority complex, Leonard is a free agent next summer, and there is a history of players leaving Toronto…

Which is why the Sportsnet Canada broadcast pregame video is remarkable — it’s a group therapy session for Toronto and all of Canada. To be clear, this was not shown in the arena before the game, it was on the national broadcast, but still, check it out.

Letting go of the past, not worrying about the future, and living in the moment is always good advice.

Leonard said the key to keeping him in Toronto is winning, and Friday night was a good first step down that road. Of course, there’s more to it than that and other teams are going to be in the mix (keep an eye on the Clippers), but sources around the league I talk to think the Raptors have a chance. Sort of like Paul George in Oklahoma City, if he has a very positive experience, it’s possible he opens his mind to staying. Plus, he can get five years, $190 million from the Raptors and four-years, $139 million from anyone else, for a guy coming off basically missing a season due to injury that security and guaranteed money may matter.

Nobody knows what will happen next summer — Leonard and his family/advisors have been unpredictable. Leonard likely doesn’t even know yet.

Which is why Raptors’ fans should let go of the past, live in the moment and savor this season — it could be the greatest one in Raptors’ history.