Andrew Bogut close to deal to play in Australia

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Andrew Bogut is playing down under, mate.

Insurance issues had been holding back the biggest name in Australian basketball from signing with a team in his native land, but that appears to have been worked out, according to The Age (via Brewhoop, which has a great breakdown).

Bogut and his manager Bruce Kaider have received what appears to be the appropriate insurance coverage from FIBA, the sport’s world governing body, to protect the NBA star and the final three years of his contract with the Milwaukee Bucks should he be injured in the NBL.

If you want a better clue, check out Bogut’s twitter account.

Great news today. Its on like donkey kong!!!

In an ideal world it should be done by now. But dealing with @fiba from europe is proving tricky with the time… nothing is done anywhere, without insurance

Bogut has not yet signed on the dotted line — expected that line to be on a deal with the Sydney Kings — but that should come quickly. He could be practicing with the team by the middle of the week.

It’s not about the money — Bogut is playing for the league minimum of about $32,000. In fact, the price of insurance — about $500,000 — will cost the team that gets him a lot more.

This could be a good thing for Bucks fans. Bogut was never right last season coming back off his elbow injury. Reports are he physically feels better, and getting in some run should have him ready to go whenever the NBA season starts.

But it looks like he is going to have a long flight back to Bucks camp.