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.

Miami reportedly not interested in Ryan Anderson trade with Houston

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The rumor had been out there for a few days, the Houston Rockets would be interested in trading Ryan Anderson — a contract and player they have tried to move for more than a year now — to the Miami Heat for Tyler Johnson or James Johnson. Rockets’ fans liked that idea, for good reason.

The Heat… not so much. From Barry Jackson of the Miami Herald.

Regarding rumors about a Heat trade involving Houston forward Ryan Anderson, that’s not something that interests Miami at this time, according to a league source.

Both USA Today and ESPN have floated the idea of Houston trading Anderson and a draft pick to Miami for Tyler Johnson or James Johnson. But while that would appear to interest the Rockets, it’s not something the Heat has found appealing.

Acquiring Anderson would increase Miami’s luxury tax bill, because Tyler Johnson is making $19.2 million each of the next two years compared with $20.4 million and $21.3 million for Anderson. James Johnson is due to make $14.4 million, $15.1 million and $15.8 million the next three seasons, but the Heat values his skill set.

This is often how rumors get more momentum among fans than they have traction with teams. The USA Today’s Sam Amick is incredibly well connected and doesn’t publish things frivolously, and this was clearly something that the Rockets kicked around. As they should. However, to make a trade work both sides need to feel they are winning it, and it’s hard to make a good case the Heat thought they were going to be in a better position after this trade. So it dies. As do 98 percent of trade talks between teams.

It takes two sides in getting something they want (or, in some cases, can live with) to make a trade actually work. Which is why they are hard to pull off.

 

 

Oscar Robertson’s 1971 championship ring sells for $75,948 at auction

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Oscar Robertson, one of the NBA’s all-time greats and one of only two men to average a triple-double for a season, was recently given the NBA’s Lifetime achievement award. And with good reason — he was a legend on the court, but off the court his lawsuit paved the say for the NBA/ABA merger and the freedom of modern free agency.

In his career, he won just one title, with the Bucks in 1971. (He got it when he joined the Bucks and paired with a young Lew Alcindor — not yet Kareem Abdul-Jabbar — just a reminder for the “count the ringzzzz” crowd that basketball is now and always was a team sport that requires multiple stars and quality role players, plus a little luck, to win a title. Nobody can do it on their own and context matters.)

Robertson recently put his championship ring up for auction, and it fetched $75,948.

That was one of 51 items from The Oscar Robertson Collection put up for auction, which also included game-worn jerseys, his Indiana State championship ring from high school, and more.

Jahlil Okafor says he’s “learned how to identify and manage different stressors such as anxiety”

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Jahlil Okafor is trying to take advantage of his chance with the New Orleans Pelicans this season.

He talked about it in an Instagram post, and most people focused on the pictures of his improved physique. Which is improved.

My summer of transformation: First off I want to thank @idanwan & @dzandertraining for getting after it with me the moment my season ended. Grateful to have two of the best in their respective fields work with me all summer. Although the physical changes in this photo are evident, their has been extreme growth unbenounced to the eye. I’ve learned how to identify and manage different stressors such as anxiety. Learning how to identify certain stressors has also allowed me to over come them. Often times because of my size and profession people may view me in a certain way, but in reality I deal with the same struggles as countless others. Mental health awareness is a cause I will fight for the rest of my life and if you’re struggling today don’t be afraid to speak with someone and seek help. I would like to thank @kevinlove and the @playerstribune for helping me identify my feelings and informing me what I was dealing with was in fact normal. 6 weeks left in the off season; with a lot more work to do!

A post shared by Jahlil Okafor (@jah8) on

However, the text was interesting:

I’ve learned how to identify and manage different stressors such as anxiety. Learning how to identify certain stressors has also allowed me to over come them…. Mental health awareness is a cause I will fight for the rest of my life and if you’re struggling today don’t be afraid to speak with someone and seek help. I would like to thank @kevinlove and the @playerstribune for helping me identify my feelings and informing me what I was dealing with was in fact normal.

NBA players stepping forward and admitting they need help dealing with mental challenges and illness is a good thing. Kevin Love helped Okafor, and hopefully Okafor talking about it will help others.

Okafor has a clean slate in New Orleans. He missed much of last season due to injury, and between his time with the Sixers and Nets he was on the court for just 353 minutes total. In New Orelans there are bench minutes available (behind Anthony Davis, Nikola Mirotic, and Julius Randle, but Okafor needs to show he can run the floor and play the up-tempo style the Pelicans employ. Okafor’s below the rim, back-to-the-basket offensive game, plus he poor defense, have held him back. If he’s got his body and mind right, maybe some of that can change.

Rockets waive R.J. Hunter, he’s a free agent. Again.

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R.J. Hunter has just not been able to find a home and stick in the NBA. He was a first-round pick of the Boston Celtics in 2015 and expected to be a sharpshooter at the NBA level. He went on to play in 35 games for Boston his rookie season, but during the following training camp they cut the former Georgia Tech shooting guard. The Chicago Bulls picked him up on a non-guaranteed minimum contract, he played a total of three games for them, then was cut loose. Houston eventually had him on a two-way contract the second half of last season, where he played five games for the big club and spent most of the season in the G-League.

He played for the Rockets at Summer League and averaged 11.2 points a game on just 40 percent shooting. Now, the Rockets have cut him loose, too. Via Shams Charania of Yahoo Sports (for now, he moves over to The Athletic in the coming weeks).

Hunter will look for another chance in the NBA via the G-League, although he may be at the point he considers the overseas money he could earn.

In the G-League last season, playing for the Rio Grande Valley Vipers, he averaged 20.4 points per game with an impressive 60.4 true shooting percentage, and shot 37.7 percent from three. However, he has never been able to transfer those numbers, or anything close to it, over to the NBA level. He has tried to broaden his game and be more than a shooter, but the consistency has just never been where he needs it to be.

He has talked about learning and maturing through all of this. Hopefully he has, and it pays off for him at his next stop. Wherever that may be.