HoopsHype Herb Kohl rumors

February 18, 2014 Updates
January 23, 2014 Updates

All of them, that is, except Caron Butler. While the Bucks veteran small forward from Racine was stoked after scoring 30 points in the Bucks’ 104-101 victory over the Detroit Pistons on Caron Butler Bobblehead Night, he made a pit stop to talk to Bucks owner Herb Kohl. “I had a moment with Sen. Kohl after the game because I really wanted to talk to him and express to him how excited I am to be here,” Butler said later. “I want to be here in Milwaukee and I want to be part of the process. This is home to me. I want to help these guys develop.” Racine Journal-Times

January 21, 2014 Updates

In regard to the potential sale of the Bucks, I have been told there likely will be four serious suitors who’ll be more than happy to do business with long-time Bucks owner Herb Kohl. One is said to be a consortium of five or six individuals who are from Wisconsin or have Wisconsin ties. Because of the delicate nature of the situation, none of the individuals I spoke with would publicly acknowledge their interest in the Bucks. Additionally, a source contends there is an individual from the Chicago area who has made it perfectly clear to Kohl that he’ll buy the franchise whenever the latter desires to sell. This offer, I’ve been told, has been on the table for several years. Racine Journal-Times

Kohl has said he will contribute a “significant” amount to the construction of a new entertainment facility that would not only be home to the Bucks, but also would host other sporting events, concerts and conventions. There is zero doubt in my mind Kohl will keep his word. One person I talked to said Kohl is so obsessed about a new arena being a major piece of his legacy to Milwaukee and Wisconsin that he could make a contribution in excess of $100M toward the project. Asked the odds of a new arena being built, one source replied “70 percent.” Another source close to the Bucks’ situation said “80 percent.” Racine Journal-Times

January 20, 2014 Updates

In recent weeks Bucks management has gotten signals from owner Herb Kohl that he's ready to get on board with the direction the team is heading. Old-school owners like Kohl are never going to endorse tanking, but at this point in the season there's very little the Bucks can do to turn it around anyway. ESPN.com

December 30, 2013 Updates

With the Kings safely in Sacramento for years to come after the sale of the team and a pledge for a new downtown arena, the Bucks are the only team in the NBA that has any question about its future. The Bucks' lease at Bradley Center, where they've played since 1988, runs out in 2017, and that makes them the one team that is vulnerable, potentially, to a move. Kohl wants to head that off. NBA.com

Even if Kohl can find a buyer, or investors, the league has insisted that Milwaukee get a new building to replace Bradley Center, one of the league's oldest arenas. Only Golden State's Oracle Arena, built in 1968 (but renovated in 1995) and Madison Square Garden, built in 1968 (and just renovated), are older. Sacramento's Sleep Train Arena and Detroit's Palace of Auburn Hills also opened in '88. NBA.com

A new building in Milwaukee is currently priced at around $450 million, Kohl said. "Whenever the issue of public financing comes up, people get their dander up," Kohl said. "I understand that. I appreciate that. But, my goal is to do everything in my power to keep the team here in Milwaukee, to keep Milwaukee an NBA city. I think it's important for Milwaukee to remain an NBA city. But in order to do that, we need a new building. So in a sense, we're going to get both. You can either stay in the NBA with a new building, or we're not going to stay in the NBA, and we won't have a new building. We'll get both or we'll get neither. So, I'm working on it. I'm working on it." NBA.com

December 23, 2013 Updates

It’s less than two months before commissioner David Stern steps down and is succeeded by Adam Silver, but the potential relocation issue has crept up again with the Bucks as owner HerbKohl is seeking additional investors to help keep the team in Milwaukee. The Bradley Center is the worst facility in the league and Stern has encouraged owners and the city to develop an arena plan after the Sacramento Kings saved their team with a new project. Meanwhile, the city of Seattle is waiting for a team so it can begin its arena construction. Boston Globe

December 17, 2013 Updates

In announcing that he is interested in finding investors willing to keep the Milwaukee Bucks in Milwaukee, former senator Herb Kohl kept using the word "process." "It is a process," the Bucks owner said. And while there is no timetable, Kohl has set in motion a plan he hopes will strengthen and reinvigorate the franchise. Milwaukee Journal-Sentinel

December 16, 2013 Updates
December 8, 2013 Updates

I interviewed Butler for a story on his business interests for the Dec. 6 print edition of The Business Journal. I was surprised to learn during our first visit that he wants to manage and/or own an NBA or pro sports team and he specifically would like that team to be the Bucks. “Of course,” he said of his interest in the Bucks. “It’s home. I love it.” Business News

The Bucks issued the following statement in declining to comment: “Caron is a valued member of the Bucks and our community for his contributions both on and off the court. That said, it would be inappropriate for us to comment on a personal decision he may or may not make after his playing days are over.” During his 12-year NBA career, Butler has signed contracts that total an estimated $75 million. The Bucks are paying him $8 million for the current season. Buying an NBA team would cost about $500 million, estimates Butler’s business manager Raymond Brothers of IAM Sports & Entertainment, Beverly Hills, Calif. The Bucks value was calculated at $312 million by Forbes in January. Business News

November 27, 2013 Updates

The Milwaukee Bucks say their new court is ready to make its regular-season debut Wednesday night against Washington. NBA officials ruled the court unplayable in the Bucks' final exhibition game on Oct. 25 because players were slipping, and the game was cancelled midway through the first period. The Bucks say the new court has been completely resurfaced to ensure player safety. The Bucks' court from last season was used for the first six home games of the regular season. SI.com

November 9, 2013 Updates

No criminal charges were filed against Sanders or anyone else in the incident, according to the Milwaukee County District Attorney's Office. But an attorney for one of the patrons at Apartment 720 released a statement Thursday saying his client required eight stitches over his eye and leaving open the possibility of a civil suit. "I want to start by saying I put myself in a bad situation over the weekend," Sanders said in a statement to reporters after practice Friday. "I didn't make the best decisions down the stretch, but I would like to apologize to my fans here and Sen. Kohl, who I will talk to directly. I've talked to the team and apologized to them, just for shedding a negative light on our team and our organization. "It's not what we're about at all; it's not who we are. It's not what we stand for. I offer my apologies to everyone, especially the fans. I know they put a lot on me and they count on me a lot. "For everyone I let down, I'm going to get better, going to be better. I'm going to get better at this, on and off the court. I'm going to come back better. I just thank everyone for their concerns and being patient with me." Milwaukee Journal-Sentinel

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