The NBA Board of Governors has unanimously approved the sale of the Milwaukee Bucks to Wesley Edens and Marc Lasry.
“We are pleased that Wes Edens and Marc Lasry have been approved as the new owners of the Milwaukee Bucks,” said NBA Commissioner Adam Silver. “The Bucks and their fans will benefit greatly from their vast business experience, energy and strong commitment to Milwaukee. I would like to thank Senator Kohl again for his unprecedented and historic financial gift toward the construction of a new Milwaukee arena and for his outstanding service to the league and his community over his nearly 30-year tenure.”
The transaction is expected to close shortly.
According to the Milwaukee Journal Sentinel, the sale price of the Bucks is $550 million.
Here’s ESPN New York reporting on Nets forward Paul Pierce. Brooklyn was eliminated yesterday by the Miami Heat in the second round of the 2014 NBA playoffs.
Paul Pierce’s first season with the Brooklyn Nets is over.
And the veteran forward isn’t sure if it will be his last, either.
Pierce said after the Miami Heat’s series-clinching 96-94 Game 5 win over the Nets that he believes he still has a year or two left in his tank. Where the unrestricted free agent-to-be will play next is uncertain.
“I haven’t really put much thought into it,” Pierce said of what his future holds and if he wants to remain a Net. “I put my whole focus into this season, it’s my last year of the contract. I will sit back and talk to the family and see where my options are from there and go from there.”
Pierce, 36, will be an unrestricted free agent this summer and the Nets own his Bird Rights, which allows them to offer him more money than any other team.
New Orleans Pelicans guard Tyreke Evans underwent minor arthroscopic surgery yesterday to clean out scar tissue in his right knee, the team announced. Evans will begin rehab on his right knee immediately. His expected timetable for recovery is 6-8 weeks.
Evans appeared in 72 games this season and averaged 14.5 points, 5.0 assists, 4.7 rebounds and 1.2 steals in 28.2 minutes per game.
The Golden State Warriors have reached an agreement in principle for Steve Kerr, a 15-year NBA veteran and five-time NBA Champion as a player, to become the team’s new head coach, the team announced this evening.
Once the agreement is finalized, a press conference will be scheduled.
According to the Bay Area News Group, “Kerr and the Warriors are finalizing a five-year deal worth about $25 million as he spurned the New York Knicks, who reportedly offered a four-year contract to the TNT analyst. “It’s great on a basketball level to inherit a good team and a young team with high-character players and a front office I’m already familiar with and feel very confident in and comfortable with,” Kerr told Bay Area News Group columnist Tim Kawakami. “Yeah … it felt right immediately.” Kerr, 48, comes to the Warriors with no head coaching experience just like predecessor Mark Jackson, who was fired eight days earlier after leading the team to back-to-back playoff appearances.”