Report: If new arena not built in Milwaukee league can buy back team from new owners

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When Herb Kohl agreed to a deal then announced the sale of the Milwaukee Bucks to New York based hedge fund managers Marc Lasry and Wes Edens for a record $550 million, Kohl said he was confident the team was not moving. Lasry and Edens talked about putting together a unified effort to get a new arena built — and started by 2017 when the current lease is up — because their goal is to keep the team in Milwaukee.

Now we know why.

The contract to sell the team says if Lasry and Edens can’t get the area built the league can buy the team back from them rather than let them move it, reports Brian Windhorst at ESPN.

The NBA has the right to buy back the Milwaukee Bucks from incoming owners Wesley Edens and Mark Lasry if a deal to a bring a new arena to the city is not in place by November 2017, according to sources briefed on the situation.

Sources told ESPN.com that the sale agreement announced last week to transfer the Bucks from longtime owner Herb Kohl to Edens and Lasry for a purchase price of $550 million includes a provision that allows the league to buy back the team for $575 million if construction on a new building in Milwaukee is not underway by the deadline.

What that means is that Lasry and Edens can’t turn around and sell to Chris Hansen in Seattle or some other outside group looking to move the team and just turn a healthy profit as the middlemen (not that $25 million is shabby).

The question becomes if Lasry and Edens can’t get it built — with Kohl putting $100 million in the kitty and the new owners putting up that much or more of their own cash — then who can? And if this group can’t get an arena built, should the team be sold to be moved?

Adam Silver doesn’t want that (he pushed behind the scenes to give Sacramento the chance to hold off Seattle’s efforts last year), he believes in franchise stability. This seems like a situation that is prime to get that new arena built in Milwaukee and keep that historic franchise right there.

But now we know what the consequences are if the arena deal falters.

Report: Celtics focused on adding All-Star-caliber frontcourt player

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Isaiah Thomas said he he’d happily forgo a renegotiation-and-extension if the Celtics use their cap space to upgrade their roster.

Where are they looking?

A. Sherrod Blakey of CSN New England:

Multiple league sources have told CSNNE.com in recent weeks that the Celtics are focused on landing an All-Star caliber talent in the frontcourt.

In the last three years, 22 frontcourt players have been All-Stars. Boston already has one: Al Horford. Could the Celtics land any of the other 22?

Almost certainly unavailable

Free agency

Trade

Free agency or trade

  • Pau Gasol (Though Gasol said he’d opt in, San Antonio might try pushing him out to pursue Paul. If Gasol opts in, the Spurs could also trade him to clear space for Paul.)
  • Dirk Nowitzki (The Mavericks have a $25 million team option on Nowitzki for next season. Nowitzki going to Boston, via trade or free agency, would probably require a mutual agreement between Dallas and him that pursuing a title elsewhere is the right way for him to end his career.)

Report: Spurs exploring Chris Paul pursuit

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The Clippers are taking the Chris Paul-to-Spurs rumors seriously.

And apparently so are the Spurs.

Marc Stein of ESPN:

The San Antonio Spurs are exploring the feasibility of making a free-agent run at All-Star point guard Chris Paul, league sources told ESPN.

San Antonio must complete three difficult objectives to land Paul:

  • Clear cap space. Even if they trim their roster to Kawhi Leonard, LaMarcus Aldridge, Pau Gasol, Danny Green and Tony Parker, the Spurs would still have to dump two of them to clear max room. Can they convince Gasol to reverse course and opt out, maybe re-signing at a major discount? Would they trade Parker, who has meant so much to the franchise? Would they deal Aldridge or Green, players who would make major contributions to a Leonard/Paul-led team?
  • Convince Paul to accept a projected max of $152 million over four years rather than the projected $205 million he could get over five years from the Clippers. Although the annual difference is just $3 million and Paul could sign another deal in four years, it’s unlikely he recoups that at age 36.
  • Convince Paul to leave big-market L.A. for small-market San Antonio. Remember, Paul forced his way from small-market New Orleans then ascended into one of the NBA’s biggest endorsement stars.

The Spurs boast a fantastic basketball culture, and Leonard and Popovich make great partners in a championship chase. There are reasons San Antonio is gaining traction with Paul.

But there’s still a lot for the Spurs to overcome. Will they? At least they’re trying rather than just dismissing the plot as unfeasible.

Cleveland GM David Griffin: “I hope everybody says we have no chance”

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The Golden State Warriors are heavy favorites to win the NBA title. According to bovda.lv, bet $100 on the Warriors to win the title and you get $41.7 dollars. Bet $100 on the Cavaliers and you get $200. And that number is likely to get worse for Warriors fans.

The Cavaliers are okay with that. They like being the underdogs. Look at what GM David Griffin said in a televised interview after they eliminated the Celtics in Game 5, via Cleveland.com.

“I hope everybody says we have no chance,” General Manager David Griffin said during a TV interview following the Cavaliers’ 135-102 win Thursday night against the Boston Celtics, clinching a third straight NBA Finals appearance.

“Obviously the team we’re playing is as good as you can possibly put together, it’s going to be an unbelievable battle for us, but I think [the Cavs] love battling together. The greater the odds, the better we seem to play together. We really do rally around each other in that sense.”

There is some truth to that.

There’s also a difference between that truth and slowing Stephen Curry and Kevin Durant. How the Cavaliers are going to do that will be the interesting part of these playoffs.

Detroit’s Van Gundy honored for cooperation with media, fans

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AUBURN HILLS, Mich. (AP) — Stan Van Gundy of the Detroit Pistons has won the Rudy Tomjanovich Award, which honors an NBA coach for his cooperation with media and fans, as well as excellence on the court.

The Professional Basketball Writers Association announced the winner Friday. Van Gundy was one of five finalists for the award. The others were Steve Clifford of the Charlotte Hornets, Mike D’Antoni of the Houston Rockets, David Fizdale of the Memphis Grizzlies and Brad Stevens of the Boston Celtics.

Dwane Casey of the Toronto Raptors won the award last season.