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.

Report: Matt Barnes texted friend that he beat up Derek Fisher, spat in wife’s face

Derek Fisher, Matt Barnes, Russell Westbrook
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Grizzlies forward Matt Barnes reportedly attacked Knicks coach Derek Fisher for dating his estranged wife, Gloria Govan.

New details are emerging, and they cast Barnes in an even worse light.

Ian Mohr of the New York Post:

Sources told The Post that Barnes became incensed when his 6-year-old twin sons, Carter and Isaiah, called to tell him that Fisher was at the house.

Following the dust-up, Barnes, 35, texted a pal that he had not only assaulted Fisher, 41, but also took revenge on Govan, one source said.

“I kicked his ass from the back yard to the front room, and spit in her face,” the text read, according to the source.

If this becomes a criminal case, Barnes’ text could incriminate him.

In the court of public opinion, the presence of Barnes’ children and his spitting in his wife’s face make this even more disturbing.

Unfortunately, not everyone views it that way. Too many are laughing off the incident.

Albert Burneko of Deadspin had the best take I’ve seen on this situation:

When an accused domestic abuser shows up uninvited at a family party to—as a source put it to the New York Post—“beat the shit” out of someone for the offense of dating his ex, that is not a wacky character up to zany shenanigans. It is not reality TV melodrama or a cartoon or celebrities being silly. It is the behavior of a dangerous misogynist lunatic. It is an act of violent aggression. It is a man forcefully asserting personal property rights over a woman’s home, body, and life. It differs from what Ray Rice did in that elevator by degree, not by kind, and not by all that much.

I suggest reading it in full.