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: Rockets talking to Jeff Hornacek, Sam Cassell, Stephen Silas, Chris Finch

Phoenix Suns coach Jeff Hornacek directs his players in the second half of an NBA exhibition basketball game against the Houston Rockets Monday, Oct. 13, 2014, in Houston. The Rockets won 95-92. (AP Photo/Pat Sullivan)
AP Photo/Pat Sullivan
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There are the big names: Jeff Van Gundy, David Blatt, Mike D’Antoni and Frank Vogel.

There’s the catchy name: Kenny Smith.

And there’s the eliminated name: J.B. Bickerstaff.

Expect many more names in the Rockets’ coaching search.

Adrian Wojnarowski of Yahoo Sports:

Houston owner Les Alexander and general manager Daryl Morey met with Bickerstaff on Monday, as well as Los Angeles Clippers assistant coach Sam Cassell and Houston assistant Chris Finch, league sources said.

Conversations with potential candidates are expected to include several prominent college coaches, sources said.

Among the NBA candidates with whom the Rockets are working to set up interviews are former Phoenix Suns coach Jeff Hornacek and Charlotte Hornets assistant Stephen Silas, league sources said. There could be 10-15 – perhaps even more – candidates interviewed in the process, league sources said.

Hornacek coached the Suns and looked pretty good doing so until this season, when he feuded with Markieff Morris, used too many strange lineups and saw the team quit on him. If he can explain this year’s troubles, he’d be a solid hire. But the Rockets have the best job available, so they can probably aim a little higher.

Cassell, like Smith, played for the Rockets. An intelligent player, Cassell has successfully transitioned to coaching, though I’m not sure he’s ready for a top job. He mentored John Wall with the Wizards before joining the Clippers. From afar, it’s just tough to judge his contributions to a loaded coaching staff in Los Angeles.

Stephen Silas broke into NBA coaching on his dad’s staffs with the Hornets (turned Pelicans) and Cavaliers. Paul Silas even let Stephen serve as head coach for games during the 2011-12 season. Between and after stints with his dad, Stephen has impressed at other stops around the league. Maybe someone who learned offense from Don Nelson and defense from Steve Clifford and gets along well with players would make a good head coach. The biggest question is how his rapport with players would translate to the head chair, but that’s a concern for any assistant.

Finch coached in Europe for more than a decade until the Rockets tabbed him to coach their D-League team. After a successful stint there, he moved to the bench in Houston. He’d be more of a daring hire at this point, but he could perhaps unite the Rockets’ front office and coaching staff better than anyone.

Reports: Kevin McHale withdraws from Kings coaching search, could join Pacers

Kevin McHale
AP Photo/Brandon Dill
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Chris Mannix of Yahoo Sports wrote a few weeks ago about the Kings coaching search:

Kevin McHale is steadily gaining internal support, league sources told The Vertical. If Cousins truly is the future, the Kings have to hire a coach he will buy into, and McHale, a respected voice and one of the game’s all-time great post players, certainly seems like a good fit.

They won’t get him, of course

McHale indeed emerged as a candidate, and though it took him a little longer than other prominent former head coaches, McHale also came to the conclusion Mannix foresaw,

Marc Stein of ESPN:

This is part of the reason Sacramento talking to everybody. The Kings don’t know whom they can get.

An owner who has changed course too often in Vivek Ranadive, a general manager with too little experience in Vlade Divac, a top player who repeatedly feuds with coaches in DeMarcus Cousins – who’d want this job? Probably not someone who could get one of the NBA’s other 29 head-coaching gigs, and that might apply to McHale.

Mitch Lawrence of Sporting News:

Frank Vogel is still twisting in the wind, but it seems unlikely the Pacers keep him.

There’d definitely be something intriguing about former Celtics teammates Larry Bird and Kevin McHale teaming up in Indiana. McHale’s experience with the Rockets could help him install an up-tempo offense, too.

Cavaliers throw pass off Mike Muscala’s head, set up 3-pointer (video)

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The Cavaliers were making so many 3-pointers, they didn’t need a lucky bounce.

But they got one, anyway.

Mo Williams‘ pass to Richard Jefferson bounced of Mike Muscala‘s head – right to Iman Shumpert for a 3-pointer.

Report: Rockets owner would consider Kenny “the Jet” Smith as head coach

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Kenny “The Jet” Smith is the next Steve Kerr?

I’m with you, I don’t see that either. But apparently in the Houston Rockets’ broad search for a new coach — we know it will not be J.B. Bickerstaff — owner Leslie Alexander would consider Smith, a member of the Rockets’ championship teams in the 1990s. From Marc Stein of ESPN.

Sources tell ESPN.com that TNT’s Kenny Smith, who like (Sam) Cassell is a former Rockets player, could also land an interview. Rockets owner Leslie Alexander remains close to many players from the team’s highly successful Clutch City era, which delivered two championships, and holds them in high esteem.

As seen in the video above, Charles Barkley asked Smith about it on Inside the NBA Wednesday and Smith tap danced around the question, saying “anything basketball is me.”

The Rockets need a defensive-minded coach and someone who can help guide and build a good locker room culture, two things that held the Rockets back this season. Someone who can get the respect of James Harden and get him to do things such as show up to training camp in shape.

That’s what makes Jeff Van Gundy an interesting fit, same with Frank Vogel if he is let go by the Indiana Pacers as it more and more seems like he will be. Both of them have experience doing what the Rockets need. Can The Jet coach? Who knows. But with Harden in his prime and some other quality role players on the roster (Trevor Ariza, Patrick Beverley, Clint Capella, and the list goes on) why gamble on the unknown?