New NBA team in AEG's radar?
Perhaps AEG has the Milwaukee Bucks on the radar for Sprint Center.
In spite of new lease, Bucks' future uncertain
The good news is the Milwaukee Bucks have a new lease at the Bradley Center through at least 2008.
The bad news is there is no consensus on a long-term solution for the Bucks, a franchise burdened with small-market status and an arena that is among the oldest in the National Basketball Association.
For now, the Bucks have a lease, though the financial terms did not change. The Bucks will continue to receive on an all-events basis 27.5% of gross receipts from concession sales and 13.75% of gross receipts from food and beverage sales in the suites. In addition, the team receives 30% of gross receipts from merchandise sales at Bucks games and the Bucks will receive about $2.6 million a year from the licensing of suites.
Interesting. Now we now what kind of lease offer AEG has to throw at a potential NBA or NHL team.