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

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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)

Suns’ T.J. Warren fined $15k for inappropriate language toward official following ejection (video)

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Everyone on the Suns seems frustrated.

In Phoenix’s loss to the Clippers on Monday, T.J. Warren got ejected. And his outburst will cost him extra.

NBA release:

Phoenix Suns forward T.J. Warren has been fined $15,000 for directing inappropriate language toward a game official following his ejection, it was announced today by Kiki VanDeWeghe, Executive Vice President, Basketball Operations.

This wasn’t a lengthy exchange. Warren didn’t linger on the court complaining. He must have said something extremely harsh to warrant two technical fouls and a fine that quickly.

(Despite confusion, the foul preceding the ejection was called on Deandre Ayton, not Warren.)

Pacers star Victor Oladipo returns from 11-game absence

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When the Pacers ruled Victor Oladipo out indefinitely a couple weeks ago, it seemed gloomy.

But Indiana weathered the storm, going 7-4 without its best player.

Now, Oladipo is back. He started against the Bucks tonight.

I still think the Raptors, Celtics, 76ers and Bucks will comprise the Eastern Conference’s top tier by the end of the season. But the Pacers (17-10, fourth in East) have a chance to crash the party. They acquitted themselves well without Oladipo, and it should get only easier with their offensive focal point/top perimeter defender.

NBA promotes Bulls’ Mexico game with video of their bus bottoming out

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The Bulls will play the Magic in Mexico City tomorrow.

Even amid all Chicago’s problems, that’s still a marquee game for the NBA as it expands its reach globally. So, the league is showcasing Chicago’s trip.

With unintentional hilarity.

NBA:

That sound eight seconds in is Chicago’s season.

Stephen Curry on moon-landing conspiracy: ‘Obviously, I was joking’

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Stephen Curry said he didn’t believe we went to the moon.

That caused an uproar to the point NASA offered him a tour of a lunar lab.

Curry, via Nick Friedell of ESPN:

“One thousand percent,” Curry told ESPN on Wednesday of accepting the invite. “One thousand percent. Obviously I was joking when I was talking on the podcast. I was silently protesting how stupid it was that people actually took that quote and made it law as, ‘Oh my God, he’s a fake moon landing truther,’ whatever you want to call it, yada, yada, yada. So I was silently protesting that part about it, how the story took a life of its own.

“But in terms of the reaction that I’ve gotten, I am definitely going to take [NASA] up on their offer. I am going to educate myself firsthand on everything that NASA has done and shine a light on their tremendous work over the years. And hopefully people understand that education is power, informing yourself is power. For kids out there that hang on every word that we say, which is important, understand that you should not believe something just because somebody says it. You should do your homework and understand what you actually believe. But I’m going to go to NASA and I’m going to enjoy the experience whole-heartedly.”

Curry said he believed we didn’t actually go to the moon. I don’t find it unreasonable people took him at face value. I don’t find it unreasonable people thought he was joking, either. His sincerity was unclear.

I’m glad he set the record straight now.

We obviously went to the moon. There’s no way everyone who would’ve had to help fake the moon landing would have stayed quiet. People don’t keep secrets that well.

As for Curry, he got the NASA invitation and a lot of publicity. But it’s time to move on. Whatever he actually believed a few days ago, Curry has clarified his current view.

That separates him from Kyrie Irving, who also initially delivered a conspiracy theory during a lighthearted podcast segment. But Irving doubled down on his flat-Earth claim in several subsequent interviews.

Curry put this to rest fairly quickly.