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


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 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.

The time Chauncey Billups tried to trick teams into believing he’d be a bad teammate

AP Photo/Winslow Townson
Leave a comment

In 2011, the Knicks amnestied Chauncey Billups. Unlike traditional waivers, amnesty waivers didn’t require claiming teams to pay Billups’ full salary. They could bid a partial amount – New York on the hook for the rest – and the highest bid would get Billups.

So, it was practically a forgone conclusion someone would claim Billups. The only questions were which team and for how much?

But Billups didn’t want to go to the highest bidder. He wanted to become a free agent and choose his destination – even though his contract and the Collective Bargaining Agreement put him on a different course.

So, Billups – a consummate professional throughout his career – threatened to become a problem. Adrian Wojnarowski at the time:

Wojnarowski now:

I remember talking to Chauncey on a Saturday morning one day. He was very determined that no team would put a waiver claim in on him, because he was headed to Miami. He was going to go play with the Heat. He had his bags packed. But he needed a team not to claim him. And he and I were just talking about this. I read this quote back to him recently, and we were laughing.

He went on this two-, three-minute rant about that basically, “I’m just going to be a complete asshole wherever I go if you claim me.” And so, he went on this rant. And he read that, and he kept going. And finally he stopped. I don’t even remember if I asked him a question. He just started when I called him. And at the end, there was like this pause. And he goes, “Do you think anyone is going to buy it?”

The Clippers submitted the highest bid for Billups, and he quickly got on board. Even though they traded for Chris Paul at point guard shortly after, Billups of course was a model teammate and veteran leader. Late in his career, he couldn’t stay healthy enough to contribute much on the court. But the Clippers still valued his presence. He even re-signed with them the following summer.

This was such a readable bluff – which says plenty about Billups’ character.

Rumor: Magic expected to fire Frank Vogel

AP Photo/John Raoux
1 Comment

Magic president Jeff Weltman inherited an expensive and bad roster, limiting his options to shape it.

He also inherited coach Frank Vogel, and maybe there’s something Weltman will do about that.

Marc Stein of The New York Times in his newsletter:

Orlando’s ongoing malaise, especially after the promise of an unexpected 8-4 start, make it a widely held assumption in coaching circles that Vogel will be dismissed after the franchise’s sixth successive season out of the playoffs.

Perhaps, these people in coaching circles are doing nothing more than connecting dots. Many coaches with poor records – only the Suns and Nets have been worse during Vogel’s two-year tenure – inherited by a new front office get fired.

Or it could be something more concrete, like Orlando putting out feelers for potential replacements. That possibility gives juice to this report.

Vogel has one more guaranteed year left on his contract, according to Josh Robbins of the Orlando Sentinel. Will ownership pay to oust Vogel? That seems likely. The alternative is paying Weltman to sit on his hands.

This would be a tough break for Vogel, who coached well with the Pacers. The Magic’s roster is just so lacking. Vogel hasn’t impressed in Orlando, but his opportunity to do so has been narrow.

At least it’d be more understandable if he got fired by a losing team. Last time, he got fired by a winning team.

Rumor: Bucks, Jabari Parker could part after season

AP Photo/Morry Gash

Jabari Parker is a confounding fit on the Bucks now and in the future.

Could he and Milwaukee part ways this summer, when he’ll be a restricted free agent?

Gery Woelfel on 105.7 The Fan:

At this very moment, I’d say the odds are slim to none it’s going to happen … that he’ll be on this team next year.

I just don’t see a good fit there. I didn’t bring this up, and I’ve been meaning to do so, but I haven’t. He came very, very close to being traded at the deadline. And I think that spoke volumes of they think of Jabari Parker and whether he’s a part of their future plans.

Bucks executive Alex Lasry denied it:

So did general manager Jon Horst. Matt Velazquez of the Milwaukee Journal Sentinel:

Horst made it clear both on the radio and in a separate interview with the Journal Sentinel on Wednesday that the Bucks never had any intention of trading Parker

Teams often discuss trading players then deny it to avoid offending the player. Whether or not they nearly traded Parker, the Bucks would probably respond now similarly.

As far as Parker’s future in Milwaukee, it’s unclear where the well-connected Woelfel’s reporting ends and his analysis begins. There’s a huge difference between trading Parker for value and letting him walk for nothing. Just because the Bucks came close to trading Parker wouldn’t mean they won’t re-sign him.

Shedding Parker would not open cap space without additional moves. It would probably allow Milwaukee to use the full mid-level exception and stay beneath the luxury-tax line. But that’s unlikely to land a player who combines Parker’s age and talent.

Because Parker will be a restricted free agent, the Bucks hold the cards. If he’s upset about trade talks or anything else, he can’t unilaterally leave.

Milwaukee must determine how much to pay Parker and how to utilize him with Giannis Antetokounmpo. Those are hard questions. But the Bucks throwing up their hands and letting Parker walk in free agency isn’t the answer.

Tony Parker: My quad injury 100 times worse than Kawhi Leonard’s

AP Photo

Tony Parker reportedly led a players-only meeting in which Spurs implored Kawhi Leonard to return.

Leonard injured his quad last season, has played just nine games this season and remains sidelined. The Spurs have reportedly cleared him, but he got second opinions and is waiting for his medical team to clear him.

Parker injured his quad last May then returned in November – and said at the time Leonard would return in 2-3 weeks.

Tom Orsborn of the San Antonio Express-News:

It’s not hard to read between these lines.

Though some Spurs reportedly told Leonard to return only once he feels ready, Parker is clearly applying pressure. It’s not working, but he’s apparently not stopping.

These comments don’t befit a healthy organization, which is just so stunning for the Spurs, whose excellent culture has been exalted for year.

Maybe Parker will get his wish, and a shamed-into-playing Leonard will lead San Antonio deep into the playoffs. But it seems more likely these quotes will just increase tension.