Latest On Bucks, Mike Budenholzer

11:57am: Wojnarowski has tweeted a correction, writing that the Bucks aren’t discussing an ownership stake for Budenholzer after all. Woj’s story, which has now been updated, simply indicates that Budenholzer’s second meeting with the team will include ownership, as Velazquez indicated earlier.

11:29am: After reporting earlier this morning that Mike Budenholzer has emerged as the focus of the Bucks’ and Raptors’ head coaching searches, ESPN’s Adrian Wojnarowski has relayed another interesting tidbit within his full report on Budenholzer’s situation. According to Wojnarowski, the Bucks are working to re-engage Budenholzer in talks that “will include an ownership stake.”

Such an agreement wouldn’t be unprecedented — Jason Kidd, for instance, owned a small stake in the Nets when he coached the club several years ago. Still, it’s an interesting factor to consider if the Bucks and Raptors end up competing to hire Budenholzer. An ownership stake in Milwaukee would certainly increase the appeal of that job.

Before the Bucks began conducting head coaching interviews, a report indicated that Budenholzer and Monty Williams were viewed as the potential favorites. According to Wojnarowski, Budenholzer maintained his status as the frontrunner following the opening round of interviews last week — Woj’s report doesn’t mention Williams.

While there’s no indication that he has received a formal offer from Milwaukee at this point, Budenholzer is scheduled to meet with the Bucks for a second time on Tuesday, with team ownership to be represented at that meeting, as Matt Velazquez of The Milwaukee Journal Sentinel details.

Besides Budenholzer and Williams, the Bucks also met with Ettore Messina, Steve Clifford, David Blatt, Becky Hammon, and interim coach Joe Prunty last week.

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