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.

Pacers coach Nate McMillan slips and falls while arguing call (video)

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Nate McMillan slipped up in his handling of Victor Oladipo‘s early fouls during the Pacers’ Game 2 loss to the Cavaliers last night.

Then, the Indiana coach literally slipped while arguing that LeBron James should have been called for offensively fouling Lance Stephenson.

LeBron James: Reporter warned me about question on Gregg Popovich’s wife before live TV interview

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In her on-court interview with LeBron James following the Cavaliers’ Game 2 win over the Pacers last night, TNT sideline reporter Allie LaForce asked him about the death of Gregg Popovich’s wife.

LeBron appeared emotional as he gathered his thoughts.

That prompted some to criticize LaForce for ambushing LeBron on a sensitive subject on live TV. But that’s not what happened.

Uninterrupted:

LeBron:

I’m not on social media right now, but I was made aware through some friends through texts that a question was asked to me postgame, and a lot of people feel I was blindsided. That is absolutely false. Allie LaForce told me that she was going to ask the question and if it was OK.

And once I started talking about it, once we were on air, actually my emotions kind of took over. And that was just my emotions coming straight from my heart about the late Erin Popovich.

It’s unfortunate. It’s a tragic loss. My thoughts, my prayers, once again goes out to the Popovich family, to Gregg, to the Spurs family, to the whole Spurs fan base.

And also guys, please get off Allie LaForce’ back, because she followed the proper protocol and she warned me. So, get off her back, man. She’s very professional, and she does a great job at her work.

Like I said, thoughts and prayers to the heavens above. We all know the man above never makes mistakes, even when we question it. But it’s a sad, tragic time right now for the NBA family, and we’re all praying and hoping for the best.

It would have been surprising if LaForce hadn’t done that. Somewhere between nearly nobody and absolutely nobody in her position is trying to embarrass players.

PBT Extra: If Portland is going to turn series around it starts with Damian Lillard

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This was the year the Trail Blazers were going to break through. They were defending better as a team. There was some depth on offense. And Damian Lillard was playing at a level that will get him on many voters’ MVP ballots.

Instead, they are down 0-2 to Anthony Davis and New Orleans, having dropped both games at home to open the series. Portland is on the verge of being bounced in the first round for the third time in four years.

If Portland is going to turn this series around, it starts with Lillard, something I discuss in this latest PBT Extra. C.J. McCollum needs to get more buckets, Jusuf Nurkic needs to contribute more on both ends, but for Portland it all begins and ends with Lillard and it’s on him to start the turnaround.

Rockets easily overcome James Harden’s horrid shooting night, win Game 2 over Timberwolves

AP Photo/Eric Christian Smith
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James Harden shot 2-for-18 – the worst field-goal percentage (11%) on so many attempts in a playoff game in nearly a decade and the worst ever in a first-round game.

The Rockets still won by 20 because of their stout defense, a strong supporting star in Chris Paul and Harden’s foul-drawing ability.

Houston’s took a 2-0 series lead with a 102-82 win over the Timberwolves on Wednesday. Game 3 will be Saturday in Minnesota, but the top-seeded Rockets have seized firm control.

Every No. 1, No. 2 and No. 3 seed to take a 2-0 lead in a best-of-seven first-round series have won it. There’s little reason to believe Houston will become the exception.

The Rockets are no longer as reliant on Harden, the likely MVP who seemed to wear down last postseason.

They buckled down defensively before letting up in a fourth quarter that was entirely garbage time. Houston forced more turnovers (16) than allowed assists (15) and contested shot after shot.

It’s becoming increasingly clear the Timberwolves have no quick solution to the Karl-Anthony Towns problem, and it’s not simply a matter of deciding to feed him more. Yes, he can get favorable post matchups against the Rockets’ switching scheme. But Minnesota lacks quality entry passers. The Timberwolves are also short on shooters and need him to spread the floor – even if that skill is less-helpful after a switch. Towns scored just five points in 24 minutes tonight.

His teammates were barely, if at all, better. The focus has turned to Towns, but this was a far-wider letdown.

On the other hand, Paul (27 points and eight assists) led Houston’s offense. Gerald Green (21 points and 12 rebounds) got hot. Even Harden (7-of-8 on free throws) chipped in thanks to his elite foul-drawing ability.

The Rockets aren’t always the most enjoyable team to watch, and that was the case tonight. Mostly, because they put this game out of reach long before it actually ended.