SBD/November 11, 2011/Facilities

NBA Lockout Watch, Day 134: Bucks, Bradley Center Lease Has Clause For Missed Games

Provision in new deal states Bucks get no money until NBA games resume
The Bradley Center and the Bucks "have reached agreement on a new one-year lease that covers last season, but the deal also contains a provision in which the NBA team won't get any money until professional basketball resumes," according to Don Walker of the MILWAUKEE JOURNAL SENTINEL. The Bradley Center "owes the Bucks $9.5 million," but in the new agreement, "those payments have been extended further to as late as 2019." The new agreement "establishes a prorated payment plan on all concession, catering and suite-shared revenue payments to the Bucks based on the actual number of games played." At all Bradley Center events, the Bucks "receive 27.5% of concession sales and 13.75% of food beverage sales in the suites." The team also "receives 30% of all merchandise sales at Bucks' games." In addition, the Bucks "pay no rent at the facility." Walker notes the new agreement "basically leaves unchanged most lease terms and conditions relating to suite, concessions and revenue sharing." The Bucks "generate 40% of all revenue" at the facility (MILWAUKEE JOURNAL SENTINEL, 11/11).
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