Herb Kohl believes the Bucks can continue to compete and even become profitable under the terms of the new collective bargaining agreement.
"I think on balance it's good for small-market teams and gives us a real opportunity to be profitable from now on, which hasn't been true for quite a number of years," Kohl said.
Kohl has contended for years that the Bucks lose money and are the least-valued team in the NBA, according to Forbes.
Kohl said he voted in favor of the new deal.
"To the credit of large-market owners, they understand if we are going to move forward as a 30-team league there has to be a willingness to share more local revenue. Right now, we've not really done that," he said.
Kohl acknowledged the Bucks would be in line to receive approximately $15 million to $16 million a season.
"On balance, considering the CBA and revenue sharing together, there were a lot of good things in it," Kohl said.
"I wanted to be sure smaller-market teams were taken into consideration. It didn't come easily, because those who have don't want to give, and those who don't have perhaps want too much."