Bucks president says team could move to Las Vegas or Seattle without public funding for new arena

29 Comments

The last time Bucks president Peter Feigin made a public threat related to his team’s new arena, he backed off a few hours later.

How long will this one last?

Mark Kass Milwaukee Business Journal (hat tip: Ananth Pandian of CBSSports.com)

Milwaukee Bucks president Peter Feigin told Wisconsin lawmakers Monday that time was of the essence in approving $250 million in public funding for the proposed arena in downtown Milwaukee or the NBA will move the team to another city.

At an informational hearing held by the state Legislature’s Joint Finance Committee, Feigin said the Bucks owners’ purchase agreement for the team includes a provision that construction of a new arena start in 2015. If that does not occur, he said the NBA will buy back the team for a $25 million profit and move them to “Las Vegas or Seattle.”

The Bucks are trying to secure $250 million in public funding for a new arena, so they’re talking about Las Vegas and Seattle to scare Wisconsin lawmakers.

But the local governments shouldn’t be rattled. They have plenty of leverage.

Beyond the fact that most public financing for professional sports arenas does not improve the area’s economy, Bucks owners Wesley Edens and Marc Lasry have incentive to pay more themselves. The NBA can buy back the team for $575 million if a new arena isn’t in the works by 2017. I suspect the Bucks are worth more than that, so Edens and Lasry surely don’t want to sell.

Wisconsin lawmakers shouldn’t blink at this “Las Vegas or Seattle” threat. Play hardball. Dare Edens and Lasry to let the NBA exercise is buyback option. I bet the two owners will pay the $250 million themselves if the alternative is losing their team.

WNBA suspends Riquna Williams 10 games for domestic violence

Jevone Moore/Icon Sportswire via Getty Images
1 Comment

NEW YORK (AP) The WNBA has suspended Los Angeles Sparks guard Riquna Williams 10 games for a domestic violence incident.

The WNBA handed down the suspension Tuesday. Williams was arrested on April 29 and charged with two felony counts, one involving the assault of an individual with whom she was in a relationship and the other involving a threat to another person with a firearm. Her criminal case is ongoing.

The league conducted its own investigation and consulted with a panel of experts in the field of domestic violence. Among other factors, the WNBA said it took into account the nature and seriousness of the allegations, including the involvement of a gun.

The WNBA also will require Williams to participate in counseling.

Williams’ suspension will begin with Thursday’s game against the Dallas Wings.

Report: Bulls signing Luke Kornet for guaranteed $4.5M over two years

Jesse D. Garrabrant/NBAE via Getty Images
Leave a comment

Just three 7-footers have averaged 3.5 3-pointers per game and made 35% of them each of the last two seasons:

The Bulls will now have most of them.

Markkanen is Chicago’s top young player. Kornet will join him with the Bulls next season.

Shams Charania of The Athletic:

I’m a little surprised Kornet got more than his minimum ($3,383,360 over two years). But it’s worth taking a flier on him.

In addition to his outside shooting, Kornet has shown good timing as a shot-blocker in two seasons with the Knicks. The 24-year-old must get stronger and improve as a rebounder to play major minutes.

But the Bulls won’t have to press him into action. They also have Thaddeus Young, Markkanen, Wendell Carter Jr., Daniel Gafford and Cristiano Felicio as bigs.

Pistons claim Christian Wood off waivers

Cassy Athena/Getty Images
2 Comments

The Bucks waived Christian Wood late last season to ensure avoiding the luxury tax. The Pelicans claimed him. Wood had played well in limited minutes with the 76ers, Hornets and Bucks and in the NBA’s minor league since going undrafted in 2015.

New Orleans gave him his biggest opportunity yet. In 24 minutes per game over eight games, he averaged 17 points and eight rebounds.

But the Pelicans filled their roster for next season and waived Wood.

Detroit will take advantage.

Pistons release:

The Detroit Pistons announced today that the team has claimed forward/center Christian Wood off waivers.

Wood’s $1,645,357 minimum salary is unguaranteed until the regular season. So, Detroit could still waive him before the season. But it seems he’ll at least go to training camp and get a shot at a regular-season roster spot.

The Pelicans also could’ve kept him through the preseason then waived him before the regular season. They seemingly did him a favor of allowing him to get somewhere he has a realistic chance of sticking.

Blake Griffin and Andre Drummond will start in the frontcourt for the Pistons. Markieff Morris and Thon Maker appear to be first in line is backups.

But don’t be surprised if Wood earns playing time. At minimum, the 23-year-old should provide nice depth at both power forward and center.

The Pistons have also now acquired four members of last year’s Bucks – Tony Snell, Thon Maker, Tim Frazier and now Wood.

Knicks: Reggie Bullock has spine injury

Ron Turenne/NBAE via Getty Images
1 Comment

Reggie Bullock had his agreed-upon salary cut by more than half with the Knicks. He’ll reportedly miss at least a month of the regular season.

All because of a mysterious health issue.

The Knicks have finally disclosed what’s happening.

Knicks release:

Reggie Bullock underwent successful surgery today at the Hospital for Special Surgery in New York for a cervical disc herniation. The team will plan to provide an update on his rehab and progress around the start of training camp.

Bullock is a good shooter from the wing. New York could use him. Many teams could use him.

But Bullock must get healthy first.

At this point, we probably shouldn’t expect much from him any time soon. The best indication: how eagerly his agent praised the Knicks for their handling of this situation. Again, Bullock settled for less than half his initially agreed-upon salary.