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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.

All-Star game television ratings are best since 2013

Western Conference forward Anthony Davis of the New Orleans Pelicans (23 ) slam dunks during the first half of the NBA All-Star basketball game in New Orleans, Sunday, Feb. 19, 2017. (AP Photo/Gerald Herbert, Pool)
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NEW YORK (AP) — The NBA All-Star game drew an average audience of 7.8 million viewers, making it the most-viewed All-Star broadcast since 2013.

Turner Sports announced the numbers on Monday. The number of viewers peaked at 8.5 million and the total audience was up 3 percent from last year’s game.

The hype surrounding the game centered on Kevin Durant and Russell Westbrook playing on the Western Conference team together. Durant left Oklahoma City last summer to join Golden State, leaving his longtime teammate Westbrook behind with the Thunder. Westbrook did not hide his dissatisfaction with Durant, which ratcheted up the intrigue heading into the game on Sunday.

The two shared the court for just 81 seconds and Oklahoma City posted the highest local market rating with a 10.9.

Report: Timberwolves, Knicks discuss Derrick Rose trade

NEW YORK, NY - DECEMBER 02:  Derrick Rose #25 of the New York Knicks takes a shot as Kris Dunn #3 of the Minnesota Timberwolves defends at Madison Square Garden on December 2, 2016 in New York City.The New York Knicks defeated the Minnesota Timberwolves 118-114. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement  (Photo by Elsa/Getty Images)
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The Timberwolves — 3.5 games and five teams out of playoff position — have made reaching the postseason this year a priority.

So, within that nonsensical goal apparently comes a nonsensical idea: Trading for Derrick Rose.

Ian Begley of ESPN:

The Minnesota Timberwolves have reached out to the Knicks recently to discuss potential trades for New York point guard Derrick Rose, sources told ESPN.

The Timberwolves, sources say, are among several teams to reach out to the Knicks asking about potential trades for Rose.

Rose, of course, played for Timberwolves president/coach Tom Thibodeau with the Bulls. That makes this report both plausible and something the Knicks would leak to drum up interest.

I can’t imagine a market especially eager to acquire Rose, who will become a free agent next summer. His $21,323,252 salary is difficult to match in trades without sending out too valuable of players. Rose has become a good downhill driver, but the rest of his game is lacking after years of injuries.

The Timberwolves have nearly $13 million of cap space, which could be useful in facilitating a deal. But they also have three intriguing point guards: Ricky Rubio, Kris Dunn and Tyus Jones.

If Minnesota really wants Rose, it could just sign him this summer. His Bird Rights shouldn’t matter much. Who would give the 28-year-old a five-year contract?

Rubio for Rose straight up works financially, for what it’s worth. The Timberwolves shouldn’t do that, but we don’t know enough about Tom Thibodeau running a front office to assume they won’t.

Report: Pelicans trying to trade Terrence Jones

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After their trade today, the Pelicans have the NBA’s most dynamic big-man tandem: Anthony Davis and DeMarcus Cousins.

Davis and Cousins are tall, athletic and skilled in a combination we might have never seen from any power forward-center duo since Charles Barkley-Hakeem Olajuwon. New Orleans’ two could thrive together, and while they develop chemistry, they’ll each likely get minutes without the other.

That doesn’t leave much playing time for someone like Terrence Jones.

Chris Haynes of ESPN:

Jones settled for a one-year minimum contract after an injury-plagued and inconsistent tenure with the Rockets. His inconsistency remains, but considering his salary, his highs more than justify dealing with the lows. At just 25, Jones could still figure out how to reliably contribute.

Jones’ contract dictates he be rental, which will lower his trade value. But he could help teams trying to win down the stretch — including New Orleans.

Dante Cunningham seems more favored at power forward, and Donatas Motiejunas can fill in. But the Pelicans could still use Jones.

Shopping him might be a favor to the player, but we’ll see whether an actual trade is part of the gesture.

Source: Other team pulled ‘better’ trade offer for DeMarcus Cousins due to agent’s threat

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The Kings traded DeMarcus Cousins and Omri Casspi to the Pelicans for a first-round pick, a second-round pick, Buddy Hield, Tyreke Evans and Langston Gallowayshockingly little return for Sacramento’s franchise player.

“I had a better deal two days ago,” Kings general manager Vlade Divac said.

Um, what?

Divac made Sacramento look foolish with that quote, but according to a league source, the problem was more poor communication with the media — something Divac is no stranger to — than terrible trading.

According to the source, the potential trade partner made an offer only to pull it once Cousins’ camp threatened the star center wouldn’t re-sign in 2018. Cousins’ agent, Jarinn Akana, publicly said before the New Orleans deal was consummated that it was “highly unlikely” Cousins would re-sign with any team that trades for him.

The trade made Cousins ineligible to become a designated veteran player, costing him at least a projected $29.87 million on his next deal. So, Cousins had clear incentive to stay in Sacramento.

Another source involved in Cousins trade discussions confirmed Cousins’ camp attempted to dissuade teams from trading for him, though that source did not confirm a pulled offer.

It’s unclear whether the Kings could have completed the “better” offer before the other team pulled out. The offer was presented as available to Sacramento for a day or two, according to the first source, though the other team could have always backed away at any point as it received more information.

This situation isn’t unfamiliar to anyone who follows college recruiting, where there are differences between offers, Offers and committable offers and everyone has their own definitions of each term.

Divac has struggled as Sacramento’s general manager, and his track record opens him to the type of mocking he received in the wake of his “better offer” remarks. But, though there’s still some mystery in the Kings’ trade process, attacking Divac based solely on this comment is probably piling on too far.

There are already enough reason to believe Sacramento erred on this deal.