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.

Rockets’ Eric Gordon wins NBA Sixth Man of the Year

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Eric Gordon could never quite get fully healthy or find his place in New Orleans.

Rockets GM Daryl Morey saw the potential for how he would fit in as a shooter in Mike D’Antoni’s offense, and he signed him to a multi-year deal.

It worked. Gordon averaged 16.2 points per game coming off the bench, and shot 37.2 percent from three — full healthy he is part of what made the James-Harden-as-point-guard experiment work.

Monday night, Gordon was named NBA Sixth Man of the Year.

“We just had an unbelievable year here with the Rockets,” Gordon said in his acceptance speech at the NBA Awards Ceremony. “I want to thank (owner) Leslie Alexander of the Rockets for just believing in me. I’d also like to thank my teammates and coaches for making my job easy this year.”

Gordon beat out Rockets teammate Lou Williams (who spent much of the season racking up buckets with the Lakers in a bench role) and Andre Iguodala, who didn’t have the offensive numbers but certainly was at the heart of key Warriors lineups, plus he has a ring for his effort.

Just a reminder, Eric Gordon is locked in through 2019-20 with the Rockets on a very reasonable contract. He could pick up another one or two of these in the coming years.

Malcolm Brogdon wins 2017 NBA Rookie of the Year Award (VIDEO)

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Move over, Joel Embiid. Malcolm Brogdon is your 2017 NBA Rookie of the Year.

The Milwaukee Bucks rookie took home the award beating out other big-name contenders like Embiid and Dario Saric, both of the Philadelphia 76ers.

The win for Brogdon makes it a historic night for Bucks fans. Milwaukee didn’t take him until the 36th in the second round, making Brogdon the first player to win ROY after being drafted outside of the first round in 60 years.

Brogdon averaged 10.2 points, 4.2 assists, and 2.8 rebounds rebounds per game while shooting 40.4 percent from 3-point range.

Speaking to the crowd on stage after accepting his award, Brogdon said,”This is a testament to guys that are underestimated, guys that are second round picks, guys that are undrafted every year.”

Brogdon beat out both Sixers rookies, likely because of his impact over the course of the season for Milwaukee and because Embiid did not play the full season.

It is an impressive feat for any player, so a big congratulations to Brogdon to Bucks fans.

Draymond Green’s suit at the 2017 NBA Awards was really something (PHOTO)

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Is Golden State Warriors forward Draymond Green fashion-forward? I’m not so sure.

He was certainly be a lot cooler than his contemporaries, given that he went with an interesting choice for his suit at the 2017 NBA Awards on Monday.

Specifically, Green showed up wearing shorts.

Yup, the dream that you have all summer long at your office job — shorts instead of slacks when it’s 90 degrees out — is what Green decided to go with.

Via Twitter:

Although his suit jacket makes him look like the maître d’ at a Seattle Mariners-themed restaurant, I have no doubt that he was much more comfortable than his buddies.

Those shoes gotta go though.

Eight-time All-Star Dwight Howard: “I have a lot left in the tank”

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CHARLOTTE, N.C. (AP) — At 31 and entering his 14th NBA season, eight-time All-Star Dwight Howard says his best basketball is ahead of him.

Wearing a teal suit with black trim, a smiling Howard insisted Monday he can return to being a dominant center with the Charlotte Hornets, where he will be reunited with coach Steve Clifford and play for one of his childhood heroes, team owner Michael Jordan.

“A lot of people have written me off, which is great because it’s going to make me work even harder,” Howard said during his introductory news conference. “I’m just looking forward to this opportunity because I have a lot left in the tank.”

This will be Howard’s third team in three seasons.

The Atlanta Hawks, his hometown team, traded him to Charlotte one year into a three-year, $74 million contract. Howard said he has no hard feelings, adding that “sometimes things just don’t work out.”

But he’s confident Charlotte is the right fit.

“I think I’m a lot healthier than I have been in the past five years and I think this is going to be my best time,” Howard said. “I’m a lot wiser now, stronger mentally and physically, and I’m in the right place with a great coach, a great GM and the GOAT (greatest of all time). So I think this is the perfect opportunity.”

Much of Howard’s optimism stems from being reunited with Clifford.

They worked together for seven seasons in Orlando and Los Angeles, and the 6-foot-11 three-time Defensive Player of the Year loves Clifford’s defense-first mentality. He’s also confident Clifford will put him in the right situations to succeed on offense.

“He understands me,” Howard said. “… He was always there for me and not once did he turn his back on me or talk bad about me. He was very positive and he was somebody that I have always trusted in.”

The feeling is mutual.

Clifford said he’s never coached a player smarter than Howard when it comes to understanding defensive coverages. While Howard has incredible athletic ability, Clifford said, he’s never been given the credit he deserves for playing a “thinking man’s game.”

“Smart always wins in the NBA,” Clifford said.

Howard is expected to start in Charlotte alongside All-Star point guard Kemba Walker, guard Nic Batum and forwards Michael Kidd-Gilchrist and Marvin Williams. Cody Zeller, last year’s starting center, is expected to come off the bench for the Hornets but still see significant minutes.

Howard said he’s learned a lot over the past 13 seasons.

“Over the years a lot of things have been said and I’ve not said anything back,” Howard said. “Somehow things that weren’t true kept getting stirred up, and that gave a lot of people wrong opinions about who I was as a person. I should be the one speaking up for myself instead of allowing other people to do that.”

In Charlotte, Howard becomes the second big-name athlete to be known as “Superman,” joining former NFL MVP quarterback Cam Newton of the Carolina Panthers.

Both are from the Atlanta area and have met a couple of times but aren’t close friends. Howard said he’s eager to connect with Newton and get to know him better.

“We have the same attitude; we love to win, but we want to have fun,” Howard said.