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


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.

Report: Phil Jackson would have taken Okafor over Porzingis. Duh.

New York Knicks Draft Picks Press Conference
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Of course he would have — 29 other GMs would have as well.

Jackson also seriously would have considered trading the No. 4 pick if the right package of picks — including Brooklyn’s unprotected pick from this season — were part of the package. Again, that’s not a surprise or even a poor decision.

But in New York, which has fallen in love with the guy they used that No. 4 pick on in Kristaps Porzingis, that idea has become news, especially in the wake of No. 3 pick Jahlil Okafor‘s recent run of off-the-court issues. Here is the report, via the New York Post.

According to an NBA source, as much as Jackson’s top adviser, Clarence Gaines Jr., wanted Jackson to take Porzingis even if the Knicks had the No. 1 pick, that wasn’t the way the Zen Master would have gone if it was a choice between the two big men.

Okafor was Jackson’s man.

“He had to draft Okafor — too much a sure thing,’’ the source said.

Again, 29 other GMs would have done the same thing at that time. Now, maybe it changes, but at the time anyone who tells you differently is selling something.

It’s not that some of those GMs (and certainly some of their scouts) didn’t think Porzingis could develop into an excellent NBA player, but he was considered a higher risk pick than Okafor, who is averaging 17.5 points a game for the Sixers and looks like a franchise cornerstone player. Maybe Porzingis had a higher ceiling, but Okafor had a way higher floor. If your job is on the line with a draft pick, you think about the floor.

Has Okafor had some incidents off the court? Obviously. He’s a 19-year-old making decisions that put in situations where bad things happen. That’s correctable. We all made stupid decisions when we were 19, just most of us grew out of them. (Well, if you ask my wife whether I did or not…) He likely will to, his handlers are already making significant steps.

Zach Lowe at Grantland said that the Knicks did consider trading the pick, but the deal never came close to fruition.

The Celtics were hell-bent on moving up to draft Justise Winslow, and offered the Hornets four first-round picks — including one of Brooklyn’s unprotected picks — for Charlotte’s No. 9 pick. But that was Boston’s fall-back plan, sources say. Boston initially chased Charlotte’s pick with the idea of sending it to the Knicks, along with Boston’s No. 15 pick, to vault all the way into New York’s draft slot — where they would take Winslow. Charlotte refused Boston’s pitches, and the scenario died. The Knicks downplay their interest in Boston’s offer, though it’s fascinating to consider how the draft might have played out — and which fan base would be chanting “POR-ZIN-GIS!” today — had the Celtics swooped in for Winslow at No. 4

“We listened,” Mills says. “But we were never close.”

Now, looking back at it, Knicks fans wouldn’t trade any of it.


Pistons’ Reggie Jackson fined $25,000 for what he told OKC heckler

Reggie Jackson, Shane Larkin
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Reggie Jackson, now the starting point guard for the Detroit Pistons, returned to face the team that drafted him last weekend, the Oklahoma City Thunder. The reception was chilly, to put it kindly. Both from the players and the fans.

Jackson responded to one of the heckling fans with an indecent suggestion (if you want to see the incident, you can, but it’s NSFW) and that has earned him a $25,000 fine from the league. The punishment was sent down by Kiki VanDeWeghe, Executive Vice President, Basketball Operations.

This shouldn’t be a surprise, the league has a pretty clear policy that fans pay the freight and can say nearly anything to players (it is up to the discretion of security at the arena, teams can ask to have fans removed if needed), and the players have to take it. Answer them with better play on the court.

Jackson has had a good season for the Pistons averaging 19.1 points and 6.7 assists a game, showing a real chemistry with Andre Drummond. He is part of the reason the Pistons look like a potential playoff team this season and are on the rise in the East. But the Thunder got the best of him that night (Jackson shot 4-of-16 and was -19), and so did a fan.

NBA: Warriors wins credited to Steve Kerr, Luke Walton can win awards

Luke Walton

Later on Tuesday it will be announced that Warriors interim coach Luke Walton is the NBA Coach of the Month for November. (That’s not official yet, but seriously who else is going to get it?)

Yet Luke Walton’s record will remain 0-0 as a head coach. Those record 19 wins to start the season belong to Steve Kerr.

The league clarified its position to the media on Tuesday with a release:

…the head coach of record is credited with team wins and losses.  Steve Kerr remains the head coach of record for the Golden State Warriors and is credited with those results.  Additionally, any team head coach, interim head coach or acting head coach is eligible to be recognized with league coaching awards.  Therefore, Warriors interim head coach Luke Walton is eligible for NBA Coach of the Month.

The logic is that the systems installed in Golden State were put in place by Kerr, and while Walton has managed games he is not the overall architect of their success. Which is true. With all due to respect to what Walton has done Kerr laid the foundation for this team, Walton has managed it this season. He hasn’t crashed the car.

There still is no official timeframe for Kerr’s return from his back issues. He is around the team at the practice facility all the time, but is not coaching games or traveling with the team consistently.

This performance will be a significant step toward Walton getting job where his wins and losses will count on his permanent record soon enough.

Clippers’ Chris Paul exits game with “rib muscle strain” may miss time

Chris Paul, Gerald Henderson, Mason Plumlee, Al-Farouq Aminu, C.J. McCollum

It happened in the third quarter, although it’s not clear exactly how. All anyone saw was Chris Paul calling a timeout to remove himself from the game (an eventual Clippers’ victory over the Trail Blazers) and grabbing his left side.

After the game, the Clippers said that Paul had suffered a “rib muscle strain.” CP3 will be re-evaluated on Tuesday, and then a timetable for his return will be set. It looks like he could miss a little time. Since the term “rib muscle strain” is intentionally vague we’re left to speculate a little: This could be an oblique muscle strain and if so they can be tricky, and it takes a couple of weeks (or more) to get back.

The Clippers might be wise to give Paul a little time away from the game; he has battled through a fractured finger and a strained groin this season. A little time off could help all of this. Paul played in all 82 regular season games for the Clippers last season, the first time he had done that in his career.

Paul is averaging 17.5 points and 8.4 assists per game, and the Clippers elite offense is 13.9 points per 100 possessions better when he is on the floor rather than sitting. Look at it this way, the Clippers’ most used lineup (Paul, J.J. Redick, Lance Stephenson, Blake Griffin, DeAndre Jordan) outscores opponents by 19 points per 100 possessions, but sub Austin Rivers in for Paul and they get outscored by 13.8 per 100 and their defense falls apart. (For the record, I know that they are trying different players at the three and that Luc Mbah a Moute got the chance Monday, but I was using the lineups with the most played minutes to lessen the sample size error.)

The Clippers are not the same without Chris Paul, if he is out for any stretch of time, it’s a setback for a team that had seemed to start finding it groove.