This was expected to happen soon — if you find guys willing to spend $550 million on the Milwaukee Bucks, you jump on it.
The NBA found that with hedge fund billionaires Wesley Edens and Marc Lasry and those two are expected to be approved by the owners on Thursday, reports Brian Windhorst of ESPN.
In the wake of the Donald Sterling scandal, there was a push within the league to have an extra thorough vetting of the new owners, sources said. That process, however, is complete and the league’s Board of Governors will approve the transaction that was initially signed last month.
The timing of the sale will allow Edens and Lasry to take control of the team before next Tuesday’s draft lottery in New York, which was a priority. The Bucks, at 25 percent, have the highest odds to win the lottery after an NBA-worst 15-67 season. The high draft choice in what is expected to be a deep draft was one of the attractive selling points of the team.
The lottery will be exciting, but that’s not where the real work with the Bucks will be — they need a new arena.
Edens and Lasry have said they would pitch in $100 million toward a new arena, and soon-to-be former owner Herb Kohl has pledged $100 million. That’s a lot of cash, but it’s only about two-fifths of what will be needed. Edens and Lasry need to find the other money (likely trying convince the local or state government to pitch in, which will be a tough sell), then they need to get a location and start the approvals process.
The deadline is 2017, when the Bucks current lease is up.
If a new arena deal is not in place, the sale agreement says the league can buy the Bucks back from Edens and Lasry for $575 million. That would prevent them from just moving the team or trying to flip it.
For two decades, Kobe Bryant saw everyone and everything as an obstacle to overcome: The Pacers, Sixers, Nets, Magic, Celtics, Tim Duncan, Gregg Popovich, Smush Parker, a torn Achilles. It didn’t matter. Kobe’s work ethic and drive had him rising above it all.
His focus hasn’t changed now. Kobe was on the Jim Rome show, and the topic of the new-look Warriors with Kevin Durant came up, along with the “woe is me” attitude of some players (and plenty of owners and GMs).
“I would have thought less about myself if I looked at that move and said, ‘That’s unfair,'” he said. “If you’re a real competitor, you look at that and say, ‘OK, lace ’em up. Let’s go. I don’t care how many players you have over there; we’re still going to take you down.'”
Easier said than done to make that happen, but that attitude is the only one to have if you think you have a chance. You can be sure LeBron James is thinking that way and telling his Cavaliers teammates the same.
We’re going to miss Kobe.
This news is just sickening. In a world with just too much sickening news.
According to NBC 5 in Chicago (which spoke to police), Dwyane Wade‘s first cousin Nykea Aldridge was pushing a stroller down the street when she was shot and killed as an innocent in the crossfire of a gang shooting.
The 32-year-old woman, whom family identified as Nykea Aldridge, was apparently the unintended victim of a gang shooting, police said. She was walking around 3:30 p.m. in the 6300 block of South Calumet when two males approached another male and opened fire, police said.
Wade tweeted this.
Aldridge was on her way to a local school to register her kids (they had just moved) when the shooting took place. There has been a rash of gang and gun violence in Chicago in the past year, and Dwyane’s mother Jolinda Wade had just been on a panel on ESPN’s Undefeated talking about it.
Wade is coming to play for his hometown Chicago Bulls this season.
Our thoughts are with Nykea Aldridge’s family and friends.
Donald Sterling was the owner of the Clippers when they left San Diego to move to the Los Angeles Sports Arena in 1984. He’s a greedy man who lived in Los Angeles, he owned a bad Clipper team playing in a fast-aging building in San Diego, Sterling was bouncing checks to the point the NBA was ready to take the team away from him, and the selfish owner wanted the team closer to him in a situation where he could make as much money as possible. To suggest Sterling (especially in that era) made any move that was not financially related would be just wrong.
Still Bill Walton — a San Deigo native — blames himself for Clippers leaving San Diego.
He talked about it with the brilliant Arash Markazi of ESPN.
“When you fail in your hometown, that’s as bad as it gets, and I love my hometown,” said Walton, who grew up in La Mesa, 9 miles east of downtown San Diego. “I wish we had NBA basketball here, and we don’t because of me….
“It’s my greatest failure as a professional in my entire life,” Walton said. “I could not get the job done in my hometown. It is a stain and stigma on my soul that is indelible. I’ll never be able to wash that off, and I carry it with me forever.”
It was not on Walton. Not even close.
This was the Walton between the as-good-as-any-center-ever Walton that led the Trail Blazers to the title in 1977 and the Sixth Man of the Year Walton in Boston in 1985. The Clippers’ Walton was the one battling multiple foot surgeries that kept him out of most of multiple seasons in a row — something he could not control. And if you want to make judgements about how he was healthy before and after his time with the Clippers but seemed to get poor medical treatment on cheap Sterling’s team, go right ahead.
The move to LA was all about Donald Sterling. It was about his pocket book and what was convenient for him. There was a reason his team was at the bottom of the NBA for two decades (and that since he sold the team, while they have struggled to advance deep in the playoffs, they have been a more serious threat).
Bill Walton shouldn’t blame himself.
You know Jay Chou as “Kato” from the Seth Rogen version of “The Green Hornet.” Well, you know him that way if you’re one of the people who suffered through that disappointing effort.
It turns out, Chou is basically the Justin Timberlake of Taiwan — actor, musician, good at everything he touches (except the Green Hornet, but that’s not on him). He’s huge.
And in his latest music video (above) he has Brooklyn’s Jeremy Lin as a co-star.
There is pop-a-shot, a lot of ice cream references, and of course dancing in outfits that you and I couldn’t pull off in public. Just go ahead and watch it. You know you want to.
Expect to see Chou courtside in Brooklyn this season. They could use it, the Nets need a few celebs in house.
(Hat tip to Ananth Pandian of CBSSports.com, apparently an avid follower of the Taiwanese music scene, and The Score.)