HoopsHype Herb Kohl rumors


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

The Milwaukee Bucks are trying to stay the Milwaukee Bucks. Commissioner Davis Stern gave his thoughts: “Senator Kohl bought the Bucks in 1985 in order to ensure the team would remain in Milwaukee. During his extraordinary stewardship his goal remained the same -- to bring the fans of Wisconsin high-quality basketball from a team they would be proud to call their ‘home’ team. With this announcement, Senator Kohl continues his mission: to assure continuity of ownership by broadening its ownership base, and assuring that the fans of Wisconsin will enjoy NBA basketball and other events in a new state-of-the-art facility.” Sulia

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

November 1, 2013 Updates
October 29, 2013 Updates

Milwaukee Bucks owner Herb Kohl made one thing perfectly clear after Monday's season preview luncheon at the Hyatt Regency. Tanking is not in his plans. There's plenty of talk about National Basketball Association teams positioning themselves for the 2014 draft lottery, with a loaded field of collegiate talent available in June. But Kohl said he thinks the reshaped Bucks roster can compete better than many league observers expect. "We'll see what happens, but we're not playing for the lottery," Kohl said. Milwaukee Journal-Sentinel

October 1, 2013 Updates

"Naturally you want to be as good as you can be, that helps in moving toward an arena," Kohl said. "But I would not want to put that burden on our basketball operation, that we need to conduct ourselves and run our business basketball-wise thinking about the facility. Because it's going to happen. We are going to get a facility. I'm confident we are going to get a facility because it's an important thing not only for basketball but for our community. "So we want to get there," Kohl said. "We're going to get there. But we didn't put together our team this year for that reason. We did the best job we could in putting together the best team that we could put together. We think it's going to be a good team and entertaining team, without putting pressure on anybody — coaches, players — because that's what they want also." Milwaukee Journal-Sentinel

September 18, 2013 Updates

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