The NBA won’t expand anytime soon, but there’s still demand to get a team in Seattle and any number of cities. That means the quickest path could be a current franchise moving.
It won’t be the Bucks, who are playing in a new arena in Milwaukee this season.
But it could have been.
Bucks owner Marc Lasry, via Jeff Zillgitt of USA Today:
“We were going to do everything we could to stay in Milwaukee,” Lasry said. “That was ultimately something that was outside our control in that the NBA wanted a new arena, and if we couldn’t get one, they would have forced us to move.”
“For me, I never wanted to be anywhere else, and the simple reason is I like going to games there. We were going to do everything we could to stay in Milwaukee.”
If Lasry and co-owner Wes Edens would have done “everything we could to stay in Milwaukee,” Wisconsin governments did a terrible job negotiating the arena deal. Taxpayers are spending $457 million (more, if you count the absurd naming-rights situation) on the arena. Why pay so much for what will surely be a money-loser for the public? Maybe there’s an intangible value in keeping the Bucks in Milwaukee, but if Lasry and Edens were so determined to get the arena built, they could have contributed more than the $174 million they did.
Instead, they got the state and city to cover most of the costs and are now taking a victory lap.
Now, the NBA can use this as an example to other places: Publicly fund a new arena, or lose your team. And the cycle will continue.