Wisconsin Gov. Scott Walker pushed Bucks arena deal while employing a Bucks owner

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Giving public money to billionaires to fund their sports arenas is almost always a bad economic idea, as John Oliver masterfully explained.

But the Wisconsin state Senate approved public funding for the Bucks new arena, anyway.

Why?

A common argument is supply-and-demand. There are only 30 NBA teams, and if one jurisdiction won’t subsidize an arena, the team will move to one that will. There are no shortage of places that will.

Again, why is that? Why are so many governments willing to funnel public money to billionaires when reliable study after reliable study has shown new arenas rarely increase economic activity? At best, the arenas just shuffle money from other entertainment sources.

Perhaps, because politicians don’t always represent their constituents en masse as well as they represent a select few.

David Sirota and Andrew Perez of International Business Times:

In the year leading up to the announcement of his presidential campaign, Wisconsin Gov. Scott Walker championed a high-profile proposal to spend a quarter of a billion dollars of taxpayer money to help finance a new Milwaukee Bucks arena — all while pushing to slash roughly the same amount from state funding for higher education. One of those who stands to benefit from the controversial initiative is a longtime Walker donor and Republican financier who has just been appointed by the governor to head his presidential fundraising operation.

Real estate mogul Jon Hammes, who has donated hundreds of thousands of dollars to Republican candidates and causes, is a prominent member of the investor group that owns Milwaukee’s NBA team. Last week CNN reported that he also will serve as the Walker campaign’s national finance co-chairman. Days after that appointment, Walker’s Republican allies in the Wisconsin state Senate backed the governor’s proposal to spend public funds on a new arena for the Bucks.

Hammes became one of the part owners of the Bucks in 2014. A little more than three months later, Walker unveiled his proposal to spend a quarter of a billion dollars on a new arena for the team.

Hammes’ financial interest in Walker’s arena subsidy package may not be limited to just his stake in the team. According to local news reports, his real estate firm also also bought parcels of downtown land near the location of the proposed new arena. Hammes’ firm also was contracted by the local chamber of commerce to evaluate new stadium proposals.

The Bucks arena deal seems bad for Wisconsin (and good for Hammes and the other Bucks owners). That Wisconsin politicians support the deal is not enough to convince me otherwise.

Is FIBA’s decision to move World Cup to year before Olympics reason for USA drop outs?

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FIBA made a mess of World Cup qualifying moving the games from the summer to during the season for the NBA and all the major European leagues. The USA qualified thanks to a team of G-League players coached by Jeff Van Gundy, but the process was not pretty. For anyone.

Now it could be another FIBA decision that has led to the rash of stars — James Harden, Anthony Davis, Bradley Beal, Damian Lillard, and others — deciding not to play for Team USA this summer.

Traditionally, the FIBA World Cup took place every four years, on the even-numbered year between Summer Olympic cycles. For example, the last World Cup was 2014, the Rio Olympics were 2016 with the Tokyo games in 2020. However, FIBA pushed this World Cup back a year to 2019 (instead of 2018) and that has changed the calculus for players, something Michael Lee of The Athletic speculated about.

For American players, the Olympics are the bigger draw, when more people watch. We grew up with the Dream Team at the Olympics, not the World Championships. That means if players have to choose, despite the allure of the Chinese market, they will choose the Olympics next year.

The other factor: The NBA feels wide open, with as many as eight teams heading into the season believing they can win the title. A lot of those contending teams have new players, which is leading players to prioritize club over country this time around.

This is different from 2004, when the NBA’s top players stayed home from the Athens Olympics because of a combination of terrorist concerns and players not liking coach Larry Brown. Today’s players love Gregg Popovich, but other concerns are weighing on them more.

It has left team USA without the biggest stars of the game — Kemba Walker is the only All-NBA player on the roster — but USA Basketball has such a depth of talent that they are still the World Cup favorites. The margin for error just got a lot smaller, however.

Giannis Antetokounmpo was working on jump shot with Kyle Korver (VIDEO)

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Giannis Antetokounmpo‘s jumper is getting better. Last season after the All-Star break he shot 31.5 percent from three (up from 22.3 before the ASG) and in the playoffs that jumped to 32.7 percent. He struggled on catch-and-shoot threes in those final 19 games after the ASG, shooting just 16.7 percent, but off the bounce he shot 33.8 percent after the break. Also, all of last season he didn’t take many long twos, but when he did he shot 41 percent on them.

What would make his jumper better? Working on his shot with the newest Buck, Kyle Korver.

Which is happening.

Be afraid NBA. Be very afraid.

Antetokounmpo recently said he is only at about 60 percent of his potential. If he can start to consistently hit threes off the bounce when defenses sag back off the pick-and-roll (trying to take away his drives), he might become unstoppable. Or, more unstoppable. If that’s a thing.

Zion Williamson signs shoe deal with Nike’s Jordan Brand

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Russell Westbrook. Jimmy Butler. Blake Griffin. Chris Paul.

And now Zion Williamson has joined them as a Jordan Brand athlete. Williamson announced that he had signed with Jordan on his Instagram.

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Let’s Dance #JUMPMAN

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Williamson was probably the biggest shoe free agent on the market this summer. While still a rookie, he already is a huge marketing presence — Summer League in Las Vegas sold out to see him the first two nights (people ended up disappointed) — and it was estimated he would make north of $10 million a year on his rookie shoe deal.

While we have not heard official numbers yet, the rumors are he did get that money.

If true, this is the second-largest rookie shoe deal in history. LeBron James got seven-years, $87 million, however, Williamson is second and bumps Kevin Durant to third (seven years, $60 million).

There are rumors Puma had offered even a larger contact, but Williamson wanted to be a Jordan brand guy.

“I feel incredibly blessed to be a part of the Jordan Brand family,” Williamson said in a statement. “Since I was a kid, I dreamed of making it to the league & having the type of impact on the game Michael Jordan had & continues to have today. He was one of those special athletes I looked up to.”

“Zion’s incredible determination, character and play are inspiring,” Michael Jordan said in a statement. “He’s an essential part of the new talent that will help lead the brand into the future. He told us he would ‘shock the world,’ and asked us to believe him. We do.”

Nike continues to dominate the NBA and basketball shoe market, with more than two-thirds of NBA players wearing Nikes. Even still, landing Williamson — who will play for the New Orleans Pelicans — was such a big score that Nike stock jumped up one percent on the news. He has the potential to be the next LeBron or Durant for Nike, if he can live up to the hype and weight of being the most discussed No. 1 pick in a decade.

He’s the kind of player who could sell a lot of shoes, and Jordan is betting on just that.

Al Horford calls Celtics’ reported tampering allegations ‘ridiculous’

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The Celtics have reportedly complained about the 76ers tampering with Al Horford.

Horford opted out, and it seemed he could return to Boston. But more than a week before free agency officially began, a report emerged he’d leave the Celtics while expecting a four-year, $100 million contract elsewhere. He committed to the 76ers on the first day of free agency, getting $97 million guaranteed and up to $109 million over four years.

What did Horford make of tampering allegations coming from Boston, where Danny Ainge runs the front office?

Horford on The Dan Patrick Show:

It’s pretty ridiculous. But it is what it is. Danny – I love Danny. Danny was always really good to me. I know that he’s definitely frustrated with things didn’t work out with us.

Notice the lack of a denial.

But Horford is right: It’s ridiculous. Because the Celtics are hypocrites who locked up Kemba Walker before free agency officially began.

Though Boston’s specific complaints don’t hold water, there are legitimate issues with the wider landscape.