Bucks president threatens arena financing must be completed in 10 days or team ‘will be gone from the state of Wisconsin,’ backs off

5 Comments

The Bucks are facing trouble in their plan to build a new arena.

Wisconsin Gov. Scott Walker’s proposal has failed to receive support, and potential federal changes could limit public funding. Bucks owners Wesley Edens and Marc Lasry have pledged more money, but they’re still short.

Professional teams always overstate the importance of getting a new stadium built, but the pressure is particularly high on Edens and Lasry. If the Bucks don’t have a new arena by 2017, the NBA can buy the team for $575 million.

So, the Bucks are trying everything.

First came the carrot, pictures of a beautiful new building.

Then – at least temporarily – came  the stick.

Don Walker of the Milwaukee Journal Sentinel:

A day before key figures plan to meet in Madison to try to reach agreement on an arena financing plan, the president of the Milwaukee Bucks said a deal needed to be finalized in 10 days.

Then he backed off. Way off.

Over the noon hour Tuesday, Peter Feigin, addressing a conference of commercial Realtors and shopping center executives, said, “The clock is ticking. This has to be wrapped up in the next 10 days.”

However, late in the afternoon — and three hours after his comments were posted online — Feigin released a statement from the Bucks that attempted to backtrack.

“There is no immediate deadline for a financing plan and we’re not creating one,” it said. “We’re simply hopeful that progress continues with our partners and throughout the legislative and political process.”

Bucks’ spokesman Jake Suski said Feigin had misspoke. He said Feigin didn’t want to leave the impression that the Bucks were imposing their own deadline. “That wasn’t his intent,” Suski said.

Earlier, however, the Bucks president had been quite clear, saying if an arena financing deal doesn’t get completed, “the Bucks will be gone from the state of Wisconsin.”

It seems the Bucks realized Feigin’s ultimatum was ridiculous – and it was.

Wisconsin lawmakers shouldn’t donate public money to Edens and Lasry, the latter of whom is a billionaire. If those two want a new arena, they can afford to build it.

Sure, Milwaukee doesn’t want to lose its NBA team. But study after study has shown people spend money they would have spent on a professional sports team on other forms of entertainment. That money is not lost from the local economy.

Plus, in this case, Edens and Lasry have a lot more to lose – their team. They can’t just move it to another location if Wisconsin doesn’t pony up. State and local governments should use that leverage, which would probably cause Edens and Lasry to contribute more toward an arena rather than lose their ownership for a low price.

So, the Bucks can set – and backtrack – from whatever deadlines they like. They need Wisconsin a lot more than Wisconsin needs them.

Nets hire Hawks’ Peterson as assistant general manager

Getty Images
Leave a comment

NEW YORK (AP) — The Brooklyn Nets have hired Jeff Peterson as their assistant general manager.

Peterson replaces Trajan Langdon, who was hired as the New Orleans Pelicans’ GM.

Peterson spent seven seasons in the front office of the Atlanta Hawks, the last three as assistant general manager. He worked there with Brooklyn coach Kenny Atkinson, who was an assistant to coach Mike Budenholzer.

Nets general manager Sean Marks says Saturday that Peterson is an “innovative basketball executive” whose “extensive scouting and front office experience” will be assets to a Nets team that lost in the first round of the playoffs.

Warriors open as big betting favorites to win NBA title over Raptors

Getty Images
5 Comments

Kevin Durant is going to be out to start the series, with no exact timetable on his return.

The Toronto Raptors were very impressive — with Kawhi Leonard leading the way and a fantastic halfcourt defense — in eliminating the Milwaukee Bucks.

None of that changes the overall picture — the Golden State Warriors are heavy favorites to win the NBA Finals.

The Warriors are -320 to win the NBA title, the Raptors +260 at the Ceasars Palace sportsbook. What that means for non-gamblers is you have to bet $320 to win $100 on the Warriors, while a $100 bet on the Raptors wins $260.

The Warriors are also 1.5 point favorites to win Game 1 on the road without Durant and coming off a nine-day layoff where rust is to be expected.

Toronto won both regular season meetings between these teams, but both games also were before Christmas.

These lines are the respect the Warriors have earned with two straight titles, three in four years, and a sweep of the Portland Trail Blazers. The Warriors are a dynasty led by Stephen Curry, the Raptors in their first finals, these betting lines were to be expected, and they will follow general public sentiment.

Charles Barkley, on the other hand, picks the Raptors in an upset. Do with that information what you will.

Giannis Antetokounmpo walks out of postgame press conference

Associated Press
5 Comments

Giannis Antetokounmpo wants to win, wants to make the NBA Finals. Badly. As in he could walk if the Bucks don’t do that in the next couple of years.

Antetokounmpo already showed he was willing to walk — he did so right out of his postgame press conference Saturday night after the Bucks were eliminated from the playoffs by the Raptors.

Khris Middleton‘s “you just leaving me here” face is the best part of this video.

Chalk that up to frustration, on a couple of levels. The question is legitimate — how much this experience helps the Bucks grow and fuels their offseason will say a lot about where they are as a team in a year — but it’s also understandable that in the moment the Greek Freak doesn’t want to talk about it. Or, really, in that spot have the perspective to do the question justice. Middleton went on to say, “hopefully, we learn from this.”

The other part of this is that the reporter, Malika Andrews, wrote a story at ESPN about how Antetokounmpo making the Finals would play a big role in if he stays or not in Milwaukee past this contract. That is not the narrative Antetokounmpo wants out there about him, and sometimes this is how players deal with reporters who write things they don’t like.

Antetokounmpo is one of the league’s good guys, don’t expect this to become a trend.

Report: Making 2020 NBA Finals could swing whether Giannis Antetokounmpo signs super-max extension with Bucks

Gregory Shamus/Getty Images
8 Comments

The honeymoon between Giannis Antetokounmpo and the Bucks is over.

Milwaukee’s superb season ended tonight with a Game 6 loss to the Raptors in the Eastern Conference finals. Already, attention is turning to the 2020 offseason, when Antetokounmpo can sign a five-year super-max extension that projects to be worth $250 million. If he doesn’t, the pressure will turn way up as he approaches unrestricted free agency in 2021.

Antetokounmpo is already applying some.

Malika Andrews of ESPN:

a source close to Antetokounmpo said that getting to the NBA Finals is not just an ambition, it could tip the scales as he weighs his contractual future.

And if they can reach the NBA Finals next season, the Bucks can improve their chances of signing Antetokounmpo to the supermax in the summer of 2020.

Khris Middleton, Brook Lopez and Malcolm Brogdon will be free agents this summer. It’s unclear how much luxury tax Milwaukee is willing to pay.

This leak could be Antetokounmpo trying to convince the Bucks to pay to keep this team intact.

Would he actually leave Milwaukee? At every turn, he has praised the city and organization. But the Bucks have also been on an upward trajectory for years. As they get closer to the top, it becomes more difficult to maintain that positive momentum. They’re now entering a crucial season with the clear goal of a conference title. That doesn’t leave much room for error.

The Lakers are rumored to be plotting to get Antetokounmpo. If there are signs he’ll actually become available, many other teams will line up just for a chance to sign him. Antetokounmpo is a special player, a superstar at age 24.

He also needed this loss. Having never advanced past the first round before this year, he didn’t fully grasp the high level of play and intensity this deep into playoffs. He hadn’t felt the heartache of coming so close and falling short, a highly effective motivator. Raptors like Kawhi Leonard, Kyle Lowry, Serge Ibaka and Marc Gasol had already faced these tests, and that had a lot to do with Toronto winning.

I have no doubt this experience will make Antetokounmpo even better.

Antetokounmpo wants to ensure the Bucks match his desire to win. If they do, he and Milwaukee will remain committed to each other. The honeymoon isn’t the end.

But this is when it gets real.