Giannis Says Co-Owner’s Comments ‘A Slap In My Face’
In an exclusive interview with Lori Nickel of The Milwaukee Journal Sentinel (subscriber link), Bucks superstar Giannis Antetokounmpo says he felt disrespected by the comments co-owner and current governor Wes Edens made to ESPN a couple weeks ago.
“Giannis is going into the last year (of his contract),” Edens told ESPN’s Ramona Shelburne. “So one of two things will happen: Either he will be extended or he’ll be traded. The likelihood you’ll let him just kind of play out the last year, we can’t afford that. It’s not consistent with what’s good for the organization. That’s not a Giannis issue. That’s any player that’s in their last year.”
While those comments could be interpreted as an ultimatum, Antetokounmpo told Nickel he views it a little differently.
“For me, it’s like a slap in my face,” Antetokounmpo said.
Antetokounmpo will earn $58.5MM in 2026/27, followed by a $62.8MM player option for ’27/28. He’ll become eligible on October 1 to sign a four-year, maximum-salary extension (the exact value would depend on where the ’27/28 cap ends up). If he doesn’t sign an extension and opts out of that player option, he would be an unrestricted free agent in 2027.
The 31-year-old forward told the Journal Sentinel he found out about Edens’ stance when ESPN’s story was released. Antetokounmpo admits he wasn’t thrilled with the indirect communication.
“It says a lot …” Antetokounmpo said.
According to Nickel, the two-time MVP wasn’t “angry” or “accusatory” when he answered questions, but he was “straightforward.”
Nickel asked Antetokounmpo how many times he has spoken to Edens during the 2025/26 season, and he only recalled one conversation, which came via Zoom. Co-owner Jimmy Haslam was also on that Zoom call, and Antetokounmpo said he talked to Haslam one additional time.
Milwaukee has an unusual ownership structure that involves the governor title changing hands between co-owners Edens and Jimmy Haslam every five years (Haslam will become governor in 2028). In addition to controlling ownership rotating between those two men, another franchise shareholder, Jamie Dinan, is reportedly involved in major decisions.
Antetokounmpo wondered aloud whether the Nuggets or Thunder would ever make similar comments about Nikola Jokic or Shai Gilgeous-Alexander, respectively.
“Especially [as] somebody that has been this loyal, and I’ve showed appreciation, to the team, to the community, to the fans, to everybody that I’ve worked with, you know?” Antetokounmpo said. “And that’s almost, like, a slap in my face.”
This isn’t the first time Antetokounmpo and Edens have made differing public comments. Edens told reporters at the Bucks’ media day in late September that he had a “great conversation” with Antetokounmpo last June and that the nine-time All-NBA member “made it clear that he was very committed to Milwaukee.” At the time, Giannis said he didn’t recall that discussion.
Antetokounmpo reiterated his commitment and love for Milwaukee again during the interview, according to Nickel, who writes that the 10-time All-Star also made it clear he hopes future conversations between he and the Bucks remain private.
“I’m here, I committed, I’m wearing the jersey, and it is disrespectful to my teammates, to my coaching staff, to the people that I go and sweat with, and go to war with, to say, ‘I don’t want to be here’ − and I will never do that,” Antetokounmpo told the Journal Sentinel.
“Now, what goes on in private rooms? It’s not my job, it’s not my responsibility, and it should not − in no shape or form − be shared in public. I believe in etiquette. I believe in human etiquette, I believe in basketball etiquette. So with my owners, I have addressed what I feel and what I believe the situation is.
“Same with my GM, same with my coaches.
“And for me, that [Edens] comment was a slap [in] the face. But, it’s my boss. So I just gotta keep on moving forward.”
A Bucks employee was instructed to listen in on the conversation Antetokounmpo was having with the Journal Sentinel, Nickel writes. Antetokounmpo, who agreed that his contract gave him a degree of leverage this summer, said that while he still speaks to GM Jon Horst, the communication between the two isn’t as regular as it once was. He also made it clear he doesn’t trust the front office.
“Nobody,” he said. “I don’t feel comfortable talking to nobody.”
Antetokounmpo told Nickel he’s been more closed off this season.
“I tried this whole year to stay to myself, and also this past summer,” Antetokounmpo said. “I was more closed off to myself. I don’t know if that’s because I don’t feel comfortable opening up enough. Or if it’s just, I just don’t want to open up at this point.
“It’s definitely not like before.”
The league continues to investigate the Bucks for possible player participation policy violations over disagreements with Antetokounmpo about whether he’s healthy enough to play this season. The Bucks insist the perennial MVP candidate is still injured due to a left knee injury, while Antetokounmpo says he’s ready to play.
“You know who you are dealing with,” Antetokounmpo said Friday. “So for somebody to come and tell me to not play or not to compete, it’s like a slap in my face. So, I don’t know where the relationship goes from there.”
Head coach Doc Rivers said after Friday’s loss to Boston that he was tired of being in the middle of the public disagreements between management and Antetokounmpo, according to Eric Nehm of The Athletic. Rivers said it wasn’t up to him whether Antetokounmpo would be active or not.
“I’m out of the business of trying this subliminal messaging or all that crap,” Rivers said. “I’ve heard all the stuff. I just want everybody to be on the same side, (because) they deserve it. All of ‘em. I don’t think there’s a bad person in this group — none of the guys that I’m talking about. I think they’re all good people. But we gotta figure out how to put good people on the same page and it stays inside.”
Bucks Co-Owner Edens: Giannis Will Be Extended Or Traded
The Bucks have no intention of letting Giannis Antetokounmpo play out the final guaranteed year of his contract in 2026/27 and opt for free agency during the 2027 offseason, team co-owner Wes Edens told Ramona Shelburne of ESPN.
“Giannis is going into the last year (of his contract),” Edens said. “So one of two things will happen: Either he will be extended or he’ll be traded. The likelihood you’ll let him just kind of play out the last year, we can’t afford that. It’s not consistent with what’s good for the organization. That’s not a Giannis issue. That’s any player that’s in their last year.”
Antetokounmpo’s contract, which pays him $54.1MM this season, includes a $58.5MM guaranteed salary for ’26/27, followed by a $62.8MM player option for ’27/28. He’ll become eligible on October 1 to sign a four-year, maximum-salary extension that would be worth a projected $275MM (the exact value would depend on where the ’27/28 cap ends up).
However, if Giannis informs the Bucks this offseason that he doesn’t intend to sign that extension once he’s eligible to do so, it sounds like the team is prepared to reopen trade discussions that began in earnest prior to last month’s deadline, even if the two-time MVP doesn’t explicitly request a change of scenery.
[RELATED: Giannis Resisting Bucks’ Plan To Shut Him Down For Season]
Still, according to Shelburne, rival executives and insiders around the league are skeptical about whether the Bucks’ choice will be quite that simple.
As Shelburne explains, the team has an unusual ownership structure that involves the governor title changing hands between co-owners Edens and Jimmy Haslam every five years. In addition to controlling ownership rotating between those two men, another franchise shareholder, Jamie Dinan, is involved in major decisions. The setup has created some confusion among rival teams about who would get the final say in Milwaukee on a roster move as monumental as an Antetokounmpo trade.
“This has nothing to do with Giannis and whether he asks out,” one source told Shelburne. “It’s about who’s making the decision on whether to trade Giannis, and I don’t think anyone knows that. I deal with them all the time and honestly it depends on the day. They’re not even close to being ready to make a decision like that.”
Edens, who will be the controlling owner for two more years before handing the reins to Haslam for five years beginning in 2028, tells ESPN that his partnership with Haslam is “unbelievably good” and that he has no concerns about the arrangement, but Shelburne suggests there have been signs that Haslam’s influence within the organization is growing since he bought Marc Lasry‘s share of the team in 2023.
When longtime Bucks president Peter Feigin left the organization earlier this season, he was replaced by Haslam Sports Group executive Josh Glessing, according to Shelburne, who also hears from sources that one team discussing a potential Giannis trade last month had direct negotiations with Haslam.
“The more time goes on, the more power Jimmy’s going to have,” a source close to the team said. “And long term, it’ s going to be his anyway, so he’s not going to let the guy that’s [passing controlling ownership on] eventually dictate what it looks like.”
“We mostly dealt with (general manager Jon) Horst,” added a rival executive whose team pursued Antetokounmpo. “But our impression was that Jimmy was really the one who would decide this.”
Although Edens insists that he and Haslam are “completely united” on the Giannis situation, other teams and Bucks minority shareholders are keeping a close eye on the situation due to the way in which the relationship between Edens and Lasry fell apart before Lasry sold his stake in the franchise. Notably, Shelburne writes, the two co-owners disagreed on who to hire to replace former GM John Hammond in 2017 — Horst was eventually promoted to fill the role after the team seriously considered its own assistant GM Justin Zanik and Nuggets executive Arturas Karnisovas.
Here are a few more items of interest from Shelburne’s story, which is well worth reading in full:
- Multiple sources told ESPN that the Bucks’ asking price for Antetokounmpo prior to February’s deadline was “enormous,” with one team suggesting that Milwaukee was simply gauging the market and sought “all our draft picks and good young players.” Another rival executive said there was “no question” that the Bucks wanted to hang onto the star forward. “Because it never reached a point in time, in any of our discussions with them, where they said, ‘We will do it if you do X,'” that exec told Shelburne.
- The Warriors made an offer for Giannis that included four unprotected first-round picks, but they never seemed to gain any real momentum toward a deal, sources tell ESPN. According to Shelburne, the Bucks were more interested in pursuing concepts that would net them a young cornerstone like Cavaliers big man Evan Mobley or Sixers guard VJ Edgecombe, though there’s no indication Cleveland or Philadelphia would’ve been willing to discuss those players.
- While the Bucks may be preparing to offer Antetokounmpo another maximum-salary extension during the offseason, multiple league executives believe the club would be better off accepting the best possible trade offer for him, Shelburne writes.“He’s still a game changer, but he’s 31 with a history of leg injuries,” one exec said. “And now you’d basically be trading for a guy on an expiring deal, so I’m not sure the offers they’ll get this summer are going to be better than what they already got.”
Bucks Notes: Giannis, Turner, Green, Roster Competition
Bucks star Giannis Antetokounmpo wasn’t able to attend media day on Monday and will miss the start of training camp as he deals with a case of COVID-19. However, Antetokounmpo participated in media day from Greece via Zoom, according to Jim Owczarski of The Milwaukee Journal Sentinel, who notes that the two-time MVP reiterated his desire to win another championship and confirmed reporting that he weighed his options outside of Milwaukee during the offseason.
“Guys, every summer there’s truth. To every report. The same thing I’ve been saying my whole career – I want to be on a team that allows me, gives me a chance to win a championship and wants to compete at a high level,” Antetokounmpo said. “I think it’s a disservice to basketball, it’s a disservice just to the game to not want to compete at a high level, to not want your season to end in April.
“So, it’s pretty much the same. It’s not the first time. I had the same thoughts last year, I had the same thoughts two years ago, I had the same thoughts five years ago – yeah, 2020 – so it’s never gonna change. I want to be among the best, I want to compete with the best, and I want to win another championship and that’s it.”
Bucks co-owner and governor Wes Edens had told reporters, including Owczarski, earlier in the day on Monday that he had a “great conversation” with Antetokounmpo in June and that the nine-time All-Star “made it clear that he was very committed to Milwaukee.”
For his part, Giannis said he didn’t recall that discussion, but he stressed that he has faith in his teammates and is hopeful the Bucks can do better this season after being eliminated in the first round of the playoffs in three straight seasons.
“Hopefully, we can get on the same page and understand what’s at risk right now,” he said. “The last three years we’ve been eliminated in the first round, so there’s not much to talk about. We just gotta put our butts down, put our heads down and stay locked in the whole year long and try to win some games and hopefully get in the playoffs and then don’t get eliminated in the first round. That’s pretty much it. And then we go from there.”
Here’s more on Giannis and the Bucks:
- Antetokounmpo and Bobby Portis both expressed excitement about the Bucks’ offseason addition of Myles Turner to the frontcourt. Antetokounmpo referred to it as an “incredible” move that he’s “very excited” about (Twitter link via Eric Nehm of The Athletic), while Portis said he likes that he, Giannis, and Turner are all around the same age. “We can grow together. We can get better together,” Portis said, per Ben Steele of The Milwaukee Journal Sentinel (subscription required). “Three big men that can do a lot of things with the basketball. A very versatile frontcourt. Those three bigs, you can’t really find three better bigs on another team.”
- Edens told reporters on Monday that getting “younger and more athletic” was a priority this offseason (Twitter link via Nehm), while general manager Jon Horst said he thinks Antetokounmpo is capable of making the club’s supporting cast better — and vice versa. “This team is built to maximize Giannis, but Giannis can actually maximize this team,” Horst said, according to ESPN’s Jamal Collier. “This is a team that is really hungry to earn whatever we get, and they want to deserve to win. And that’s going to be our style of play, that’s going to be playing together, and that’s going to feature the best player in the world, and Giannis and a bunch of guys that fit him really, really well.”
- Horst told reporters, including Steele and Owczarski, that the Bucks have had “a lot of conversations” with A.J. Green and his agent about a possible contract extension. Green is entering the final year of his current contract and would be an unrestricted free agent in 2026 if he doesn’t sign a new deal before then. “We’d love to have A.J. with us for a long time. We’re able to work on that, and we are working on that,” the Bucks’ GM said. “No one works harder than A.J. High, high character individual. Underrated as an offensive player. Underrated as a defensive player. Another player that I think will have another big jump for us this year.”
- Milwaukee is carrying 15 players on fully guaranteed contracts, but with Andre Jackson Jr. on a partially guaranteed deal and Amir Coffey in camp on a non-guaranteed contract, Horst doesn’t view the regular season roster as set. “Absolutely not,” he said, per Steele and Owczarski. “… I actually think we have 21 players that deserve a chance to be on an NBA roster, to be on our roster. … We were presented the opportunity as the offseason progressed to add some players that we thought were just too good to be true and really just great opportunities and we’re going to let the guys play it out. I think competition gives us a great opportunity to have a great start to our camp and a great start to our season and these guys are all fully aware of what they’re playing for and what the stakes are and they’re all capable. So truly, kind of best player, best man win mentality. We want to put the best 15, plus three two-ways, that we can on the roster.”
Bucks Co-Owner: No Mandate To Get Under Second Apron
Bucks co-owner Wes Edens is adamant that there was no mandate by ownership to get under the second tax apron for financial reasons prior to the trade deadline, he told Eric Nehm of The Athletic.
“No. No. Not at all. None of that,” he told Nehm.
Milwaukee dealt longtime forward Khris Middleton, 2024 first-round pick AJ Johnson, Delon Wright, a 2028 first-round pick swap, and cash in exchange for Kyle Kuzma, Jericho Sims, and a pair of second-rounders in a four-team trade in February. That transaction moved Milwaukee under that second, more punitive, apron. Edens did admit that being under the second apron has its benefits.
“For the first time, they’ve included both financial penalties and sporting penalties and so you do not want to be in the second apron if you can avoid it,” he said. “We have come out of our pockets to put the best team we can on the field and spent a lot of money doing so and have a championship to show for it and a lot of wins. But we always want more.
“The moves we made at the deadline were basketball moves. And the financial was a part of it, in the consideration of the second apron, but I think that (general manager) Jon Horst and his organization did and recommended what they thought would be best for the basketball team and I think that they did a great job.”
Here are a few more highlights from Nehm’s interview with Edens:
On Damian Lillard‘s blood clotting issue and whether the Bucks can still make a deep playoff run:
“You’ve seen us have some good results. The last couple of weeks have not been what we wanted, but it’s a long season, and I’m optimistic that with Giannis (Antetokounmpo) and his leadership and the other players that we’ve got, we’ve got a strong core and so let’s let’s play with it. The one thing I learned in this sport is that nobody feels sorry for you. Everyone’s had a deal with their injuries and maybe we’ve had more than our share (with) some of the stars these last three, four years. But I’m optimistic this team can make a real run of it, so let’s see.”
On the death of Junior Bridgeman and what will happen with his 10 percent stake in the franchise:
“He made a difference to a tremendous number of people. … I’m sorry for us as owners and for the Bucks organization and the fans that he was not able to be an owner longer. I presume (the Bridgeman estate must work through his affairs). He clearly wasn’t expecting to pass and they still have a lot of stuff to sort through, their … significant assets and whatnot. So, they’ll work through that.
On the possibility of bringing an All-Star Weekend to the city:
“With respect to Milwaukee, I think we have a deserving venue. As they add more hotel rooms in the city here — that’s a big part of it — can you stage this? I would be a huge fan and would be honored if there was a game here. Next year, they’re headed back to L.A. and it’s probably a little bit more kind, weather-wise, in the middle of winter than Milwaukee but that’s OK. There have been cold-weather venues that have done really well in Chicago, and in Toronto and other places. So we’ll see.”
And-Ones: Kohl, Holland, Sellers, G League, Goodwin
Former Bucks owner and Wisconsin senator Herb Kohl passed away this week at age 88, according to Eric Nehm of The Athletic, who takes a look back at Kohl’s legacy in Milwaukee. Part of that legacy, Nehm notes, involves selling the Bucks to Marc Lasry and Wes Edens and ensuring that they would keep the franchise in Milwaukee.
“His goal was to make sure that if we bought the team, that the team stayed in Milwaukee. That was the requisite for us owning the team,” Lasry told Nehm. “He cared deeply about the city, about the people and he cared deeply about the Bucks.”
In order to keep the Bucks in town, the team needed to build a new arena to replace the aging Bradley Center. While Lasry and Edens received some public funding and paid a portion of the arena cost themselves after spending $550MM on the franchise, an extra $100MM from Kohl helped push the project over the finish line.
“In an extraordinary gesture, he basically gave to us, towards the building of the arena, a $100 million gift,” Edens said. “And I think it’s one of the most extraordinary acts, philanthropically sports-related that I’m aware of, maybe the most. He gave us $100 million. … And I think that his $100 million was really the pivotal amount at the time. And had that not happened, then it was very likely the Bucks would be in Las Vegas or Seattle or wherever else they might be. So it’s extraordinary.”
“It was very important to him for us to keep the team in Milwaukee,” Lasry added. “He ended up giving us $100 million to build a new arena. And we had said to him, ‘Is there anything you want? Should we name it the Kohl Center? Is there anything you want us to do?’ And he was like, ‘No, no, this is for the community. This isn’t about me. This is about what’s good for Milwaukee.'”
Here are a few more odds and ends from around the basketball world:
- In a conversation with Michael Scotto of HoopsHype, G League Ignite prospect Ron Holland compared himself to NBA players Mikal Bridges and Jaylen Brown and explains why he believe he’s the top player in the 2024 draft class. Holland was atop ESPN’s 2024 draft rankings earlier this year, but has since slipped to No. 6.
- John Hollinger of The Athletic considers which teams will emerge as buyers and sellers in the coming weeks, noting that it would create some clarity if one team from the trio of the Bulls, Hawks, and Raptors begins pulling away with the No. 10 seed in the East, forcing the other two to become sellers.
- Within the same Athletic story, Hollinger observes that the annual G League Showcase in December used to provide teams with an opportunity to scout potential call-up candidates, but with so many of those players now on two-way contracts, the NBAGL talent pool isn’t as deep as it once was. Teams these days are more inclined to use the Showcase to get a closer look at players who are already on NBA contracts in order to gain more information for future transactions, per Hollinger. Still, Brandon Goodwin, the MVP of the event, is one notable free agent who boosted his stock at the Showcase and looks like a candidate for a 10-day deal next month, Hollinger adds.
Haslam Completes Purchase Of Lasry’s Stake In Bucks
1:34pm: In a press release formally announcing the sale of Lasry’s stake to Haslam, the Bucks clarified that Edens will be the team’s governor for the next five years.
10:24am: The Haslam Sports Group has closed its purchase of Lasry’s stake in the Bucks, a source with knowledge of the situation tells Eben Novy-Williams of Sportico (subscription required). That source says the deal values the Bucks at closer to $3.2 billion than the previously reported $3.5 billion figure.
10:17am: Jimmy Haslam, Dee Haslam, and their Haslam Sports Group will officially become part of the Bucks‘ ownership group on Friday, according to Shams Charania and Eric Nehm of The Athletic, who report that the Haslams are set to complete his purchase of Marc Lasry‘s stake in the franchise.
Lasry agreed in February to sell his share of the team at a $3.5 billion valuation to the Haslams, who are also the controlling owners of the Cleveland Browns (NFL) and the Columbus Crew (MLS). Lasry reportedly owned about 25% of the Bucks, which would put the Haslams’ investment in the range of $875MM.
Scott Soshnick of Sportico reported (via Twitter) a couple weeks ago that the sale agreement had been approved by the NBA’s Board of Governors.
Prior to cashing out, Lasry shared the Bucks’ controlling owner responsibilities with Wes Edens. When they bought the franchise in 2014, they agreed to serve alternating five-year terms as the primary governor — Edens assumed that role from 2014-19 and Lasry took it over in 2019. Speaking at the NFL owners’ meetings in Arizona last month, Jimmy Haslam stated that Edens would reclaim that role while Haslam learns the ropes of NBA ownership.
The Haslams’ purchase of Lasry’s stake in the Bucks won’t have the same sort of immediate impact that Mat Ishbia‘s purchase of the Suns did in February. Ishbia signed off on a trade for Kevin Durant within days of taking control of the team, but if Milwaukee enjoys a deep playoff run, it will still be at least a month or two before the club is even permitted to make its next roster move.
Still, as Nehm observes in The Athletic’s report, it will be interesting to see what sort of effect – if any – the new co-owner’s involvement has on the Bucks’ financial and personnel decisions this summer and beyond. The ownership group has become increasingly willing in recent years to pay sizable luxury tax bills with the Bucks in perennial contention for championships.
Next year’s tax bill could be the team’s biggest yet if key free agents like Brook Lopez, Jae Crowder, and Joe Ingles are retained. Khris Middleton and Jevon Carter also hold player options for 2023/24.
Central Notes: Haslam, Hield, Omoruyi, Bulls
Appearing at the NFL owners’ meetings in Arizona this week, Jimmy Haslam spoke publicly for the first time about his impeding purchase of Marc Lasry‘s stake in the Bucks, writes Jim Owczarski of The Milwaukee Journal Sentinel.
Because the sale hasn’t been officially finalized, Haslam declined to get into specifics, but he did tell reporters that Bucks co-owner Wes Edens would reclaim his role as the team’s governor while the Haslams learn the ropes of NBA ownership. Under the previous agreement, Edens and Lasry traded the governor title every five years — Edens held it from 2014-19.
Haslam, the owner of the NFL’s Cleveland Browns along with his wife Dee, described his purchase of a stake in the Bucks as “opportunistic,” Owczarski relays.
“I mean listen, we never thought we’d own 10% of the Steelers. Never thought we’d own the Browns. Dee and I had never been, beside watching (daughter) Whitney play high school soccer, had never been to a soccer game,” said Haslam, who also owns the Columbus Crew (MLS). “So it’s just opportunistic. It was straightened set of circumstances; we were called on this opportunity. Business, sports, you tend to be optimistic. I have no idea what will happen next. First thing’s first, let’s get this done and then let’s get the Browns winning games.”
Here’s more from around the Central:
- Pacers sharpshooter Buddy Hield was sidelined for Monday’s game due to a non-COVID illness, marking just the fourth time since he entered the NBA in 2016 that he has missed a game, writes Scott Agness of Fieldhouse Files. Hield started Indiana’s first 73 games this season, but has come off the bench since then so that the team can get a look at different lineup combinations, with an eye toward next season, tweets Agness.
- According to Michael Scotto of HoopsHype (Twitter link), Eugene Omoruyi‘s new contract with the Pistons covers two seasons — it’s guaranteed for the rest of 2022/23, with a team option for ’23/24. In order to give Omoruyi more than the prorated minimum for the rest of this season, Detroit used a portion of its room exception to complete the signing, Hoops Rumors has learned. Instead of the $169,445 he would’ve gotten on a minimum-salary deal, the 26-year-old received $269,445 for ’22/23.
- With the Trail Blazers set to miss the postseason again, the Bulls won’t get the lottery-protected first-round pick owed to them by Portland this season, and Chicago’s own top-four protected first-rounder appears ticketed for Orlando. However, K.C. Johnson of NBC Sports Chicago wonders if the Bulls could end up with a first-rounder in 2023 by negotiating a trade with the Blazers, who are on track to receive the Knicks’ first-round pick. As Johnson observes, Portland may want to reacquire its own first-rounder, which remains lottery-protected through 2028, in order to regain flexibility for future trades.
Bucks’ Lasry Reportedly Looking To Sell Stake In Team
Bucks co-owner Marc Lasry is actively looking to sell his stake in the franchise, Marc Stein reports on Substack.
Stein referenced the possibility of a shake-up within the Bucks’ ownership group earlier this week, writing that “whispers have been circulating with increasing frequency” that Lasry could be open to selling his share of the team. His latest report suggests in strongest terms that it’s something to keep a close eye on in 2023.
Sources tell Stein that Lasry may end up selling his stake to his co-owner, Wes Edens, which would allow Edens to assume full controlling ownership of the franchise.
However, Lasry is also open to other options, according to Stein, who notes that The Ringer’s Bill Simmons recently reported on his podcast that Mat Ishbia spoke to Lasry about purchasing his stake in the Bucks before reaching an agreement to buy the Suns from Robert Sarver.
The Suns’ sale to Ishbia has led to speculation that we could see more NBA franchises – or minority stakes – change hands in the near future. The Suns were valued at $4 billion in that sale agreement, well above the $2.7 billion estimate Forbes published in the fall. With a new media rights deal around the corner and the possibility of expansion looming, the prices of NBA teams appear to be on the rise, which could make it a good time for current majority and minority stakeholders to cash out.
Forbes valued the Bucks at $2.3 billion in October, but presumably Lasry would be able to secure a higher valuation if he were to sell his portion of the team. He and Edens – along with a handful of minority investors, including Jamie Dinan – purchased the club from Herb Kohl for a reported sale price of $550MM in 2014.
Bucks Notes: Horst, Ownership, Zanik, Ferry
The Bucks’ general manager search, conducted after John Hammond‘s departure for Orlando, appeared to take some unexpected twists and turns throughout the process — the club reportedly narrowed its options to three candidates, then opted to promote Jon Horst, who hadn’t been one of those three finalists.
In an interesting piece for ESPN.com, Brian Windhorst and Zach Lowe detail the machinations behind Horst’s promotion, which caught even Horst himself off guard. Sources tell Windhorst and Lowe that the GM job was already earmarked for him when he was called to New York to meet with team ownership, even before he knew he was viewed as a candidate. The Bucks then began planning Horst’s introductory news conference before he signed his deal.
Here are more of the highlights from ESPN’s report on the Bucks’ unique search:
- Bucks assistant GM Justin Zanik, who has since left the organization, was considered Hammond’s successor when he joined the franchise and had built a good relationship with head coach Jason Kidd. Although his contract didn’t explicitly state he’d replace Hammond, his annual salary reflected an anticipated increase in his decision-making power, per ESPN. However, only two of Milwaukee’s three co-owners were on board with a promotion for Zanik — Wes Edens was the holdout, and wanted to conduct a full-fledged search, according to Windhorst and Lowe.
- After going through their search process, Edens still wasn’t sold on Zanik. He was outnumbered 2-1 by co-owners Marc Lasry and Jamie Dinan, but Edens is technically the Bucks’ designated governor, which gives him unilateral power on all basketball-related decisions if he chooses to wield it, per ESPN.
- The three co-owners had previously agreed to settle all decisions with a vote, but this situation revealed that Edens ultimately could have the final say, even if he was outnumbered. In two years, that will change, however — the Bucks’ ownership agreement calls for the governorship role to alternate between Edens and Lasry every five years, per ESPN.
- With the search for a new GM having stalled, commissioner Adam Silver suggested the Bucks ought to consider Danny Ferry for the opening, according to ESPN. Milwaukee reached out to Ferry, but the two sides never had a formal meeting, with the Bucks’ co-owners opting instead to reach a compromise — they all liked and respected Horst, and brokered an agreement to promote him for the role.
- Horst will be inexpensive compared to other general managers around the NBA. According to Windhorst and Lowe, his three-year deal starts at just $500K.
- The Bucks continue to seek a veteran executive to complement Horst in the front office, though the three co-owners will likely all have to agree to move forward with a hire.
Coaching Rumors: Scott, Thibodeau, Kidd, Brooks
A strong belief exists within the Lakers organization that the team will keep Byron Scott, reports Adrian Wojnarowski of The Vertical, nonetheless revealing that next season is a team option on Scott’s contract. Still, too much discord exists within Lakers ownership for a consensus to form on a coaching change, sources tell Wojnarowski. Primary owner Jeanie Buss is advocating for Scott behind the scenes, and Scott has a “major chance” to remain in his job, one source told Ken Berger of CBSSports.com.
See more coaching rumors around the NBA with the regular season having come to a close:
- Carmelo Anthony would prefer the Knicks hire Tom Thibodeau as coach, a source close to Anthony insisted to Frank Isola of the New York Daily News. Team president Phil Jackson doesn’t seem to have any interest in Thibodeau, as Isola points out, and strong indications exist that Thibodeau is looking for player personnel power as he seeks a coaching job, sources tell Chris Mannix of The Vertical (Twitter link).
- Bucks co-owner Marc Lasry publicly backed coach Jason Kidd on Wednesday in the wake of rumors that Kidd is on shaky ground with the team, as Charles F. Gardner of the Milwaukee Journal Sentinel relays. Lasry said it’s reasonable to assume the team will give Kidd an extension on the three-year, $15MM contract that expires after next season, Gardner notes. Lasry has long been close to Kidd, and it’s the other owners to whom Kidd hasn’t endeared himself, as Gery Woelfel of The Journal Times wrote this week, but Gardner indicates that fellow primary owners Wesley Edens and Jamie Dinan made it clear Wednesday that they also want Kidd to stay. “At the end of the day, Jason is our coach,” Lasry said. “I know there’s been a bunch of articles. We think he’s done a great job. He’s our guy. Everybody who keeps talking about it, it’s a non-issue. I never understand why in this league you have these issues.”
- Rockets interim coach J.B. Bickerstaff and Nets interim coach Tony Brown are unlikely to have their interim tags removed, barring unforeseen events, according to Berger. Rockets candidate Scott Brooks is wary of the uncertainty about whether Dwight Howard will opt out, Berger writes, which suggests that it’s not an open-and-shut case that Howard will opt out as he’s long been expected to do.