Report: Sale of Milwaukee Bucks for record $550 million agreed upon, team to stay in Milwaukee

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It has been rumored for weeks, but Marc Stein of ESPN reports it will become official today — longtime owner Herb Kohl will sell the Milwaukee Bucks to a group committed to keeping them in Milwaukee.

Herb Kohl purchased the Bucks in 1985 for $18 million. Just remember that next time an owner talks about their annual losses with their team (franchise valuation is not part of that calculation).

This looks like a big win for Bucks fans, at least at first glance.

That sale price is 27 percent more than the $405 million that Forbes estimated the Bucks to be worth. The sale will need to be approved by the league’s owners after the buyers go through a thorough background check. However the sales are almost always approved.

Kohl had been looking for new owners for some time but refused to talk to people such as Chris Hansen and his Seattle group because he only wanted an owner that would keep the Bucks in Milwaukee.

Marc Lasry and Wes Edens, are hedge-fund billionaires based out of New York who Forbes estimates at having a combined net worth around $3 billion. It is unclear yet if there were be some minority owners joining the group based out of Milwaukee (or even somewhere in the Midwest), to ease concerns about moving the team.

To keep the team in Milwaukee will require a new arena — Commissioner Adam Silver has said as much, the current arena lacks many luxury boxes — and how that gets done will be the big question. Lasry and Edens will have to pony up some cash, Kohl may as well, but they also likely will ask for public money and that would be a much more difficult get.

It is not clear yet what happens if a new arena cannot get built, and on what timeline all that would happen.

Also not clear is what that means for the current front office and coaching staff. Getting the sale approved likely will not impact this draft — where the Bucks have the best odds of getting the No. 1 pick following their terrible season — or maybe even next season. But new owners inevitably bring changes.

They buy a team with a potentially good core of young players — Giannis Antetokounmpo, John Henson, Larry Sanders, plus this year’s draft pick — that could develop into an interesting team in a few years with the right management and coach. And if they start to win they will sell out any new building.

Ben Simmons reps ‘Egg Boy’ on shoes (PHOTO)

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The internet has tried to raise several thousand dollars for Will Connolly, better known as “Egg Boy”, after he slapped an egg on the head of New Zealand senator Fraser Annig. As of publication, the Go Fund Me has more than $71,000, which will be donated to the victims of the Christchurch mosque shootings.

Connolly went viral as the perfect, realtime response to the racist views espoused by Annig, who spoke of anti-immigrant (and anti-Muslim) rhetoric directly following the Christchurch massacre despite himself being an immigrant to New Zealand.

Thanks to his courageous act, Connolly has become a kind of internet sensation. A native of Australia, Connolly got a little recognition by countryman Ben Simmons on Tuesday.

Via Twitter:

Gen Z is going to save us.

Report: Markelle Fultz is moving rehab from L.A. to Orlando

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Orlando Magic coach Steve Clifford has already said that former No. 1 overall pick Markelle Fultz is not expected back on the court this season. Fultz was traded back in February from the Philadelphia 76ers to his new home in Central Florida.

Now it appears that Fultz will be doing his rehabilitation back in Orlando. According to a recent report from Josh Robbins, Fultz will shift his rehab from Los Angeles to Florida from here on out. To that end, Fultz said he wants to be closer to his new teammates.

Via The Athletic:

“I think it’s what’s best for me and the team,” Fultz said after he watched practice Tuesday. “(It’s beneficial) just being around these guys, so they see my face and I see their face. I’m going to learn as much as I can. As we make this push for the playoffs, I want to be here with my guys and just support them.”

Fultz is still trying to get his shoulder right, and not to mention his shooting stroke and comfortability on an NBA floor. If anything, his return back to the Magic organization should be seen as a good sign, especially as the season comes to a close. A lot of players already spend their offseason in Los Angeles, so the idea that Fultz would want to return shortly before the Magic season ends is encouraging.

We don’t have a timeline for his return just yet, but at this point Fultz is a reclamation project that Orlando is happy to have under their guidance. If they can turn him into an NBA player, they could have something special at a relatively low asset cost.

Report: Doc Rivers agrees to an extension with Clippers

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Doc Rivers will be staying with the Los Angeles Clippers.

According to multiple reports, Rivers and owner Steve Ballmer have agreed to an extension that will keep Rivers with the Clippers organization “long term”.  Some earlier rumors had Rivers potentially being a candidate for the Los Angeles Lakers, who are presumed to have an opening this summer. But Rivers told reporters on Tuesday that he isn’t going to be heading across the hall, and that he’s happy where he is.

Via Twitter:

Rivers has led the Clippers to a surprising season, one that should result in a postseason bid despite a sort of ramshackle roster.

I think Rivers’ legacy was called into question following the departure of both Chris Paul and Blake Griffin, but his ability to create a winning atmosphere in L.A. in a post-star era for the Clippers is a testament to his ability.

Of course, Rivers might not have to go without a star for too long. Rumor has it Kawhi Leonard still favors the Clippers as a top destination this summer should he choose to leave the Toronto Raptors.

A fan paid nearly $7,000 to see LeBron and Giannis, then got neither

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March in the NBA can be a bit of a gamble for fans looking to score tickets as a means to watch their favorite players play. On good teams or bad, stars are subject to rest this late in the season.

Apparently one fan found that out the hard way after shelling out several thousands of dollars to see Giannis Antetokounmpo square off against LeBron James on Tuesday.

With the Milwaukee Bucks and Los Angeles Lakers set to go head-to-head in Wisconsin, neither Antetokounmpo or LeBron will be on the floor. That’s going to upset one fan who, according to Darren Rovell, paid $6,970.50 for courtside seats.

I had a friend have this happen to him recently. Expecting a trip to New Orleans, he purchased tickets to watch the Pelicans play the Portland Trail Blazers earlier in the year. His tickets were for several rows behind the Blazers bench, and although they weren’t too expensive, no doubt they would have left wallet a bit thicker if he would have known that Anthony Davis would not have been playing.

Stay home, watch the game on your 4K television, and have a private bathroom and fridge. I know I shouldn’t tell you not to go to NBA games, but at least this wouldn’t happen to you if you stayed home.