Bucks owner Herb Kohl seeking new investors to keep the team in Milwaukee

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Bucks fans will spend the next 2-3 years looking over their shoulders at Seattle, and that’s because they’re in jeopardy of losing their basketball team should owner Herb Kohl fail at securing a new NBA-approved arena.

For small and mid-markets, having a state-of-the-art arena to maximize revenues is a requirement and any city that isn’t willing to make that type of commitment to the NBA will be threatened by 5-10 other cities that are dying to get into the game. It’s simple supply and demand.

Kohl, the former Democratic senator who is 78, is reportedly looking for other investors to join him in his attempt to keep the team in Milwaukee.

With a net worth that’s better described with an ‘M’ for millions rather than a ‘B’ for the billionaire owners that the NBA is attracting these days, it’s understandable why Kohl needs to deepen the pockets and broaden the influence of his group.

First and foremost he needs to deliver on an arena, and having more investors will help that along in many ways. But just as important to Milwaukee will be the overall value proposition this ownership group will have to the NBA, whether Kohl wants to continue as owner of the Bucks or not. That’s because if there ever comes a time when their arena plans are in doubt, it will be this group that gets measured against Seattle and any other city that wants to get into the game.

The NBA, whether being led by Adam Silver or David Stern, does not like to relocate franchises. In this day and age of information, the damage that relocation can do their brand is much greater than it was when Seattle’s elected officials told the NBA to go kick rocks and thus Sonicsgate was born.

At the same time, the NBA has found a sweet spot in its public subsidy pitch, which has been the target of many economists’ ire over the last 30 years when suburban arenas were all the rage. Economists have maintained that arenas don’t increase local spending because of things like the substitution effect, which simply stated means that people spend money at the game but stop spending their limited funds everywhere else. In essence, they contend, there is no overall gain.

However, economists have recently found themselves at an impasse on the issue with even the most ardent oppositionists still researching newer findings, in an area of study that isn’t exactly brimming with ongoing research.

The new revelations highlight the difference between suburban arenas and what city planners call ‘high density civic attractions,’ which are more likely to be sought after in the small-to-mid market cities that are most susceptible to relocation.  Instead of driving to a suburban arena, watching the game, and then leaving – a downtown arena can attract people for longer visits, attract all-important out-of-town dollars, and encourage use of mass transit.

In terms of increasing land value, a properly developed downtown arena district can increase surrounding land value by “hundreds of millions of dollars” according to a recent study by lead opposition subsidy voice Brad Humphreys. Arguments move into the both the micro- and mundane-levels from there, but an increase in land value around these downtown arenas stands on its face – it’s valuable for a reason.

The NBA has the cachet as an anchor tenant to bring in the private investment needed to make these downtown revitalization projects pencil out, particularly as public redevelopment dollars have dried up around the country.

With the NBA being the winner of over $3 billion in public funds since 1990, they have a massive financial stake in making sure they both polish that pitch and protect their reputation on that front.

For starters they have to maintain that they can be a loyal partner to any city engaging in good faith efforts to maintain a state-of-the-art arena.  Long-term, by building a portfolio of downtown success stories like L.A. Live, downtown Indianapolis and the soon-to-be built arena in downtown Sacramento — the league can keep the public funding narrative from collapsing under a wave of antipathy toward millionaires and billionaires bouncing a leather ball for amusement.

So look for the NBA to work with Kohl and Milwaukee to find the political will (i.e. public dollars) to get an arena deal done. As expected, the league released a statement from David Stern moments ago expressing support for that process. “Senator Kohl bought the Bucks in 1985 in order to ensure the team would remain in Milwaukee. During his extraordinary stewardship his goal remained the same — to bring the fans of Wisconsin high-quality basketball from a team they would be proud to call their ‘home’ team. With this announcement, Senator Kohl continues his mission: to assure continuity of ownership by broadening its ownership base, and assuring that the fans of Wisconsin will enjoy NBA basketball and other events in a new state-of-the-art facility,” said Stern.

And while everything is going to sound fine for Bucks fans until it doesn’t, they’re not going to know that they are indeed keeping their team until much more has been revealed in this slow-moving story.

Celtics reportedly near 10-day contract with big man Greg Monroe

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When Aron Baynes went out with a twisted ankle against Philadelphia, it was quickly clear how much they missed the big man in certain matchups — they need his size against the Joel Embiid‘s of the world. The MRI came back clean and while Baynes is out Saturday against the Hornets but could return Sunday for the Celtics.

Boston is still thinking about adding some big man insurance, some experience, and some depth for the stretch run in the form of Greg Monroe, reports Shams Charania of The Athletic. The deal is not yet inked, however.

This likely gets done.

There is some familiarity here, Monroe played an efficient 26 games with Boston last season. He averaged 10.2 points, 6.3 rebounds, and 2.3 assists a game, with a PER of 23, going about 19 minutes a night. This season he signed with Toronto, where he played 38 games off the bench but was traded to the Brooklyn Nets who waived him.

Paul George has spoken to Kawhi Leonard about free agency experience

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Paul George was forcing his way out of Indiana and his people were making it clear — he was going to be a Laker. Any other team that traded for him it was going to be a rental. But Oklahoma City jumped in and rolled the dice they could win him over, and they put together the best package (Victor Oladipo and Domantas Sabonis). It paid off. After a season in Oklahoma City, George re-signed with the Thunder last summer and did not even meet with the Lakers. This season George is having an MVP-level season.

Kawhi Leonard‘s relationship with the Spurs organization had deteriorated last season and he pushed last summer to be traded, with his camp wanting him to come to Los Angeles (although the Clippers were always rumored as the more likely destination). But Toronto jumped in and rolled the dice they could win him over in a year (he’s a free agent in July), and they put together the best trade package (DeMar DeRozan was at the heart of it).

Sound familiar? With the Thunder in Toronto (and beating the Raptors) George was asked if he and Leonard had spoken about free agency, and he said they had, but George was not about to drop any details.

There are all sorts of rumors and speculation floating around the league about Leonard, with some recent buzz his camp is still pushing for Los Angeles (but are divided on which team). The Clippers are making their presence felt around him and I had heard from sources, dating back to last Summer League, it was the more likely destination of the LA teams (Leonard is not a fan of drama, and LeBron James‘ Lakers know drama better than TNT). There are also rumors that a deep playoff run could keep Leonard in Toronto, with an organization that has bent over backward to accommodate him and keep him healthy with time off to rest that quad tendon.

The fact is, nobody knows what Leonard is thinking. Leonard doesn’t talk, and when he does he doesn’t say anything. He isn’t on social media and doesn’t look at it. He is less concerned with his brand and image than any star in the league. The team of advisors around him is not experienced or predictable.

After the Raptors’ season ends, whenever that is, he will make a decision. How much whatever George told Leonard plays into that, we’ll likely never know. It’s not like Leonard is talking about it.

Paul George scores 28 as Thunder beat Raptors 116-109

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TORONTO (AP) — Paul George scored 28 points, Russell Westbrook had 18 points, 13 assists and 12 rebounds, and the Oklahoma City Thunder beat the Toronto Raptors 116-109 on Friday night.

Dennis Schroder came off the bench to score 26 points and Jerami Grant had 19 as the Thunder snapped a four-game losing streak and avenged Wednesday’s 123-114 home defeat to Toronto.

The Thunder made 20 of 43 shots from 3-point range. Oklahoma City made a season-high 22 3-pointers against the Lakers on Jan. 17.

Kawhi Leonard scored 37 points and Pascal Siakam had 25 for the Raptors, who played without All-Star point guard Kyle Lowry.

Lowry missed his second straight game because of a sprained right ankle. Coach Nick Nurse said there’s no structural damage to Lowry’s ankle, but soreness remains following a collision with New York’s Mitchell Robinson on Monday. Nurse said Lowry is expected to return next week.

Danny Green scored 19 points and Serge Ibaka had 11 but Toronto couldn’t hold a double-digit lead in the third quarter for the second straight game. The Raptors gave away a 20-point lead before recovering to win in overtime Wednesday, but weren’t able to match that on their home court.

Oklahoma City trailed by 10 points to start the second half, and was down 13 with 5:23 to go in the third before rallying. Westbrook gave the visitors the lead for the first time since early in the first quarter on a layup with 1:18 left in the period, putting them up 80-79. The Thunder closed the third with a 20-4 run to take an 83-80 lead into the fourth.

Leonard cut the gap to 93-91 on a free throw with 7:33 to play but George hit 3-pointers on either side of a fast-break layup by Grant, giving Oklahoma City a 101-91 edge with 6:21 left.

The Thunder missed eight of their first 10 shots of the game. Toronto was 5 of 6 from 3-point range in the first, with Green making all three of his attempts, and the Raptors led 29-22 after one.

Leonard scored nine points in the second and Green had six as Toronto led 58-48 at halftime.

 

James Harden ties career best with 61, Rockets beat Spurs 111-105

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HOUSTON (AP) — James Harden matched his career high with 61 points, including 27 in the first quarter, to lead the Houston Rockets to a 111-105 victory over the San Antonio Spurs on Friday night.

Harden hit three straight 3-pointers to give the Rockets a 103-100 lead and scored all of Houston’s points in a 13-2 run late in the fourth quarter.

Harden topped the 50-point mark for the eighth time this season, compared with 10 such performances from the rest of the league combined. He matched his career-best total set earlier this season against the Knicks at Madison Square Garden.

The NBA’s leading scorer surpassed the 30-point mark in the second quarter and the 40-point mark with 9 minutes remaining in the third.

Before Harden’s late surge, the Spurs led by six points with 4 minutes left in the game. The Spurs had overcome a 15-point halftime deficit to tie the game at 81 entering the fourth quarter.

Harden was 7 of 10 from the field in the first quarter, including 3 of 4 from the 3-point line, and also went 10 for 12 from the free throw line. His 27 points in the period were the second-most in franchise history, trailing only Vernon Maxwell’s 30 in 1991.

Harden finished 9 of 13 from 3, 19 of 34 from the field and 14 of 17 from the free throw line.

Houston has won 13 of its last 15 games and eight of its last nine at home.

Bryn Forbes led San Antonio with 20 points, while Derrick White added 18 and DeMar DeRozan had 16.

Houston led 36-24 at the end of the first quarter and 62-47 at halftime.