Report: Sale of Milwaukee Bucks for record $550 million agreed upon, team to stay in Milwaukee

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It has been rumored for weeks, but Marc Stein of ESPN reports it will become official today — longtime owner Herb Kohl will sell the Milwaukee Bucks to a group committed to keeping them in Milwaukee.

Herb Kohl purchased the Bucks in 1985 for $18 million. Just remember that next time an owner talks about their annual losses with their team (franchise valuation is not part of that calculation).

This looks like a big win for Bucks fans, at least at first glance.

That sale price is 27 percent more than the $405 million that Forbes estimated the Bucks to be worth. The sale will need to be approved by the league’s owners after the buyers go through a thorough background check. However the sales are almost always approved.

Kohl had been looking for new owners for some time but refused to talk to people such as Chris Hansen and his Seattle group because he only wanted an owner that would keep the Bucks in Milwaukee.

Marc Lasry and Wes Edens, are hedge-fund billionaires based out of New York who Forbes estimates at having a combined net worth around $3 billion. It is unclear yet if there were be some minority owners joining the group based out of Milwaukee (or even somewhere in the Midwest), to ease concerns about moving the team.

To keep the team in Milwaukee will require a new arena — Commissioner Adam Silver has said as much, the current arena lacks many luxury boxes — and how that gets done will be the big question. Lasry and Edens will have to pony up some cash, Kohl may as well, but they also likely will ask for public money and that would be a much more difficult get.

It is not clear yet what happens if a new arena cannot get built, and on what timeline all that would happen.

Also not clear is what that means for the current front office and coaching staff. Getting the sale approved likely will not impact this draft — where the Bucks have the best odds of getting the No. 1 pick following their terrible season — or maybe even next season. But new owners inevitably bring changes.

They buy a team with a potentially good core of young players — Giannis Antetokounmpo, John Henson, Larry Sanders, plus this year’s draft pick — that could develop into an interesting team in a few years with the right management and coach. And if they start to win they will sell out any new building.

Did Cavaliers dropping David Griffin lead to Kyrie Irving’s trade request?

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Cavaliers coach Tyronn Lue said he had the NBA’s hardest coaching job. Following that thinking, former Cavaliers general manager David Griffin might have had the most difficult front-office job.

Not only did he face the same championship-or-bust pressure and oversee the same players (and their egos) as Lue, Griffin also reported directly to Dan Gilbert, the Cavs’ sometimes-difficult owner. The Gilbert aspect is often discussed, as is working with great/brilliant/passive-aggressive LeBron James. But it has probably been undersold how high-maintenance Kyrie Irving – who requested a trade – also was for Griffin before the general manager was ousted last month.

Ramona Shelburne, Dave McMenamin and Brian Windhorst of ESPN:

Over the previous few months, the Cavs had been worried about Irving’s mindset. They knew at times he’d grown unhappy with playing a secondary role on the team. Griffin had several conversations with Irving throughout the year, sources said, trying to find ways to work on the situation.

After the season, there was a desire to arrange a meeting to clear the air from all sides, sources said, but it didn’t take place. Unlike most teams, the Cavs did not have postseason exit meetings with their players.

What followed was a whirlwind, with the Cavs putting forth a series of trade packages looking to acquire either Butler or George. Some of these talks included Irving, which upset him even more when he found out about it, sources said. Previously, Griffin had worked to keep lines of communication with Irving open, but now Irving was in the dark.

Irving’s trade request had been building for years. The reported timing is vague, but Irving might have even requested a trade while Griffin was still in charge.

Either way, there’s no guarantee the Cavs keeping Griffin would have placated Irving. But it seems an experienced voice running the front office could have only helped.

Now, the task of trading Irving or mending fences falls to new general manager Koby Altman – who must solve this issue in a spotlight he never wanted.

If only Cleveland had Phil Jackson to insist on exit meetings. Maybe this would have been smoothed over a month ago.

LaVar Ball gets technical foul, pulls his AAU team off the court, forfeits game it was winning (video)

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Magic Johnson said he’s convinced LaVar Ball’s outlandishness is just marketing and that the father of Lakers rookie Lonzo Ball is truly committed to developing younger players.

This didn’t look like someone who put youth player development over his own image.

With LaVar Ball’s AAU team leading by nine, he got a technical foul then pulled his team off the court:

He (kind of) explained why after the game (warning: profanity):

He also touched on his reasons in a video that, of course, quickly turns to promoting his brand:

This doesn’t mean Johnson is completely wrong, but the Lakers president seemingly misdiagnosed Ball’s priorities. What if Johnson is also wrong about Ball staying clear of the Lakers? That could create problems – if it hasn’t already.

I was never convinced, as NBA commissioner Adam Silver predicted, LaVar would settle down after Lonzo was drafted. I still believe Lonzo’s talent justifies managing LaVar, but that appears increasingly likely to be a burden the Lakers must actually handle rather than just brush off.

James Dolan’s MSG threatens to sue Steve Ballmer’s Los Angeles Clippers

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This story requires a little background.

The Forum in Inglewood was best known for decades as being both fabulous and the home of the Los Angeles Lakers, back from the Jerry West era and through Magic’s “Showtime” teams. Then in 2001 the Lakers moved downtown to Staples Center, and after that the Forum went through some rough times. It was a number of things, including a mega church for a while, but mostly it was empty. Then several years ago the Madison Square Garden company (owned by Knicks owner James Dolan) bought the Forum, fixed it up, and started booking it again. Now the Forum is one of the hot major concert/event spaces in Los Angeles again, and it’s about to get a boost because it’s adjacent to where Stan Kroenke is building the new Los Angeles Rams stadium. Hello gentrification!

Now enter Steve Ballmer. The Clippers’ owner wants out of Staples Center and the Lakers’ shadow, so he has proposed to build his new arena in Inglewood in another space adjacent to the Rams stadium — land that MSG used to lease. As you might imagine, Dolan’s MSG is not thrilled — they are already battling with Staples to fill their space, now a state-of-the-art arena is moving in down the street.

In a proxy Knicks/Clippers battle, MSG may sue to Clippers and Inglewood in an attempt to block the new building. Here is what Dolan’s attorney in the case, Marvin Putnam, told the Daily Breeze in Los Angeles.

“The mayor made it extremely clear that he needed that piece of land back for a kind of ‘Silicon Beach,’ ” said Marvin Putnam, a partner with the law firm Latham & Watkins, which filed the damage claim that serves as a precursor to a lawsuit. “They’re attempting to flat-out trick people.”

(Inglewood Mayor James) Butts declined to comment, and there is no proof that he made those statements. But when Madison Square Garden Co. relinquished the parking lease to the city, its approved contract states that the land would not be used for anything that would hurt the Forum’s business, according to documents.

Right now the Clippers and Inglewood are in an exclusive negotiating agreement to come to terms on the sale and plans for the property. Putnam told the paper — and the Inglewood City Council — that if the deal goes forward they will sue to block it.

It’s impossible to say how this will turn out, although as a former government reporter I will say these cases tend to be decided in favor of the side about to spend a ton of money on a new building.

 

Jaylen Brown’s #drivebydunkchallenge video is awesome

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I love the drive by dunk challenge (if you prefer, the #drivebydunkchallenge), it would be the best thing on NBA Twitter this summer, if it wasn’t for Kyrie Irving.

But the best one yet comes from Boston’s Jaylen Brown.

He steals the ball, and the best part is the guy who comes over like he’s going to stop Brown from throwing it down.

Was it staged… I don’t want to know.