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Milwaukee Bucks sold

Discussion in 'NBA Dish' started by J.R., Apr 16, 2014.

  1. DeAleck

    DeAleck Contributing Member

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    It's not about correcting the wrong, as if the NBA has some sort of moral standard for doing business. It's about who is willing to work with the league. Seattle as a city didn't want to work with the league with its public financing of the arena, so they are now out of a team. Sacramento, led by Kevin Johnson on the other hand, worked with David Stern every step of the way, and thus saved their team.

    If Milwaukee as a city plays hard ball with the NBA, probably out of necessity since it's a rapidly declining city with a slowing economic engine, the NBA will move it out of there in no time.
     
  2. mtbrays

    mtbrays Contributing Member
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    Exactly - the rhetoric about cities "stepping up to the plate" to keep their teams is a smokescreen. As it stands, the NBA is operating on a business model of pure profit when municipalities spend their taxpayer money on buildings that send private profits to owners. Arguments about jobs, investment, etc. are, by and large, rhetorical smoke screens for billionaire owners who could, but don't want to, build their own arenas.

    I link to this site in every relocation/stadium thread because it is always relevant - http://www.fieldofschemes.com/ - Field of Schemes does a great job of chronicling all owners' maneuvers to hoodwink cities out of money that could be spent on bettering the lives of people that live there.

    I think many American cities are souring on the idea of using public funds to build private arenas. There was a bubble in the late 1990s up until the construction of Marlins Stadium in Miami. The team fleeced the city so badly on that deal that other places are more reluctant to pay for future stadiums. It doesn't help when teams like the Dolphins plead poverty only to afford their own improvements in the end or the Bobcats, who play in the third-youngest NBA arena, suddenly want $41.9 million from the city of Charlotte .
     
  3. JuanValdez

    JuanValdez Contributing Member

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    I don't believe that. I think Sacramento won out because the city and the new buyers were willing to bend over. The league might have had a slight bias for staying, but wouldn't have blinked at moving if they didn't get all the concessions they got.

    If Seattle is willing to play ball.
     
  4. J.R.

    J.R. Member

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    <blockquote class="twitter-tweet" lang="en"><p>New Bucks owners Wesley Edens &amp; Marc Lasry announce they paid $550M &amp; will invest $100M for new arena. Outgoing owner Herb Kohl giving $100M</p>&mdash; Brian Windhorst (@WindhorstESPN) <a href="https://twitter.com/WindhorstESPN/statuses/456519813297217536">April 16, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
  5. rhino17

    rhino17 Member

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    Milwaukee doesn't need a team anymore, it's a dying city
     
  6. rockets2012

    rockets2012 Member

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    Greek freak, Hensen and the incoming no.1 pick...Future looking bright for MIL.
     
  7. Joe Joe

    Joe Joe Go Stros!
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    Only guaranteed a 25% chance at No. 1 pick, but picks 2-4 should be good as well.
     
  8. Aleron

    Aleron Contributing Member

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    FIFY, it was never about a change of direction, it was always the exact same MO.
     
  9. J.R.

    J.R. Member

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    <blockquote class="twitter-tweet" lang="en"><p>Bucks' new owners $550M deal has clause that allows NBA to purchase team if no arena by 2017, sources tell ESPN: <a href="http://t.co/25u5p5DriH">http://t.co/25u5p5DriH</a></p>&mdash; Brian Windhorst (@WindhorstESPN) <a href="https://twitter.com/WindhorstESPN/statuses/458373916969299968">April 21, 2014</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
  10. LCAhmed

    LCAhmed Contributing Member

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    Detroit next to move? That city has one of the worst economic situations for a major city.
     
  11. SuraGotMadHops

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    Drayton McLane could've done something similar to keep the Astros in the NL. I'm still steamed about how all of that went down. :mad:
     
  12. Juxtaposed Jolt

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    Knight
    Wiggins
    Alphabet
    Henson
    Sanders.

    Knight
    Alphabet
    Parker
    Henson
    Sanders

    These are solid EC starting lineups. And that frontcourt is poised to give Miami trouble, should LeBron / Wade / Bosh all stay.
     
  13. geeimsobored

    geeimsobored Contributing Member

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    Herb Kohl was a freaking US Senator from Milwaukee and has invested millions in the city over time. He has a lot of loyalty to Milwaukee and the state of Wisconsin.

    I never had the feeling that Drayton cared about Houston and the team the way Herb Kohl does.
     
  14. JuanValdez

    JuanValdez Contributing Member

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    $200m in private money for an arena that'll probably cost $400-500m total? That sounds like a better-than-average deal for an arena nowadays.
     
  15. Grumbler

    Grumbler Member

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    Milwaukee has history in basketball. don't think it's a declining city either. look at the brewers. they just need to get a new building and decent team to get the fans back. when the big 3 were playing, they never had trouble with fans.
     
  16. da_juice

    da_juice Member

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    I read somewhere that Herb Kohl might build a new arena with some of the team sales and write it off as charity on his taxes- and that both him and the league as a whole benefit from having a high sticker price for that reason.

    The NBA will try as hard as possible not to have the Sonics come back, because the threat of the Seattle billionaires trying to buy a team starts a massive bidding war and raises the price (and thus value) of every team on the market. If Seattle had a team, there'd be no one to raise the bids.
     

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