May 13, 2014, 8:04 PM EDT
An agreement has been in place for a few weeks now that would see longtime Milwaukee Bucks owner Herb Kohl sell the team to Marc Lasry and Wes Edens for a reported $550 million, but the process can be a lengthy one when considering all that goes into it, along with the league’s approval process.
This particular sale, however, seems to be moving along a bit more expeditiously.
A source with knowledge of the sale process said Monday the sale of the Milwaukee Bucks to New York investors Marc Lasry and Wesley Edens “is moving quickly.”
“It’s possible there will be news later this week,” the source said. …
Assuming the sale goes through this week, Lasry and Edens are expected to take control of the team quickly. While they obviously have no control over it, the NBA draft lottery is May 20. That will determine the draft order on June 26.
This is good news for Bucks fans, because a new ownership group may be more actively engaged in trying to turn the fortune of the franchise around, and getting things finalized before important dates like the draft and the beginning of free agency will only help matters if indeed that’s the case.
The key component in the sale will be the push to get a new arena built in Milwaukee in order to make it stick. The new owners will have until November of 2017 to have a deal in place, otherwise the NBA has the right to buy back the franchise — a strategic move made to ensure the Bucks stay in Milwaukee, which is commissioner Adam Silver’s preference.
The Bucks are coming off a season in which they managed to finish with the worst record in the league, despite the Sixers at one point losing 26 straight games. That’ll give Milwaukee the most ping pong balls in the upcoming Draft Lottery, and with them the best mathematical chance of landing the number one overall pick in this summer’s NBA Draft.
Sep 1, 2015, 9:01 PM EDT
Goran Dragic, Dwyane Wade, Luol Deng, Chris Bosh and Hassan Whiteside look pretty good on paper
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Russians don’t even have Alexey Shved
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Sep 1, 2015, 6:01 PM EDT
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Sep 1, 2015, 4:30 PM EDT
Well, that’s one.
Sep 1, 2015, 3:35 PM EDT
It’s not just baseball and boxing anymore.
Sep 1, 2015, 2:46 PM EDT
Miami is a long shot to land him, but you can bet Pat Riley will have them positioned for a run.
Sep 1, 2015, 2:19 PM EDT
Lots of pump fakes. Lots and lots of pump fakes.
Sep 1, 2015, 1:28 PM EDT
It’s an old Moses Malone trick.
Sep 1, 2015, 12:46 PM EDT
He’s healthy, that’s a start.
Sep 1, 2015, 11:45 AM EDT
Williams signed a two-year deal with the Mavs in July.
Sep 1, 2015, 11:00 AM EDT
Whittington played for the Heat at Summer League.
Sep 1, 2015, 10:15 AM EDT
Mutombo played four and a half years in Atlanta.
Sep 1, 2015, 9:30 AM EDT
Stojakovic had been rumored for several weeks to be joining the Kings.
Sep 1, 2015, 9:00 AM EDT
His third time in seven years changing agents.
Sep 1, 2015, 8:30 AM EDT
Wade would make Patches O’Houlihan proud.
Sep 1, 2015, 8:00 AM EDT
If I were a betting man, I’d expect there’s a better than 50/50 chance a Zeller deal gets done.
Aug 31, 2015, 11:09 PM EDT
Does Harden even make the all left-handed starting five?
Aug 31, 2015, 8:31 PM EDT
We have some Riley Curry news. You know you want to click now.
Aug 31, 2015, 7:15 PM EDT
Charlie Westbrook reportedly signs with Bucks
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