Originally written on isportsweb.com  |  Last updated 1/28/15
At this time last year, the Milwaukee Bucks were about to begin a first round playoff series against the defending champion Miami Heat. Though Brandon Jennings infamously predicted “Bucks in six,” Milwaukee was swept and lost all four games by double digits. The end of the Bucks’ 2013 season marked the beginning of franchise turmoil. On the court, the team faced decisions on restricted free agent Jennings and Monta Ellis’ club option. Head coach Jim Boylan was at the end of his interim tenure and a replacement was needed. More importantly, questions continued to plague the Bucks about their future in Milwaukee. The aging BMO Harris Bradley Center was no longer adequate for an NBA franchise, and an ownership group from Seattle expressed interest in bringing the Bucks to the Pacific Northwest to replace the departed Supersonics. Fast forward to the present day. This week, the most encouraging Bucks news in years came when hedge fund billionaires Wesley Edens and Marc Lasry agreed Wednesday to purchase the team from longtime owner Herb Kohl for $550 million. The sale still needs to be approved by the NBA’s Board of Governors, a process that should be finalized within a month. Kohl reportedly turned down a more lucrative offer from the Seattle group to instead sell to Edens and Lasry, who are committed to keeping the franchise in Milwaukee. To do so, they will need to have serious discussions about building a new arena as soon as possible. In September, then-deputy commissioner Adam Silver said the Bucks needed an arena that met the league’s standards. The Bradley Center has long been considered a facility that lacks sufficient amenities like luxury boxes and merchandise stands. Additionally, the NBA has previously stated that the league will not allow the Bucks to stay at the Bradley Center once the current lease expires in 2017, unless the completion of a new arena is imminent. Both the new ownership group and Kohl have pledged $100 million apiece toward the construction of a new arena. With the stadium expected to cost in the $450-$500 million range, their contributions will fund nearly half of the project. Some form of public funding will likely be required to finance the rest of the arena. While the words “tax increase” automatically draw opposition, the financial impact on local residents would be minimal thanks to the large amount of private money from Edens, Lasry and Kohl. The new ownership group has called for an aggressive timetable for developing arena proposals and figuring out financing plans. One year removed from serious relocation threats, it seems the Bucks are finally on stable footing once again. The post Finally, encouraging news for Milwaukee Bucks appeared first on isportsweb.
PLAYERS: Jim Boylan
TEAMS: Milwaukee Bucks
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Blandino: Deflategate no sting; PSI in footballs not logged in

Aaron Hernandez’s DNA found on bullet casing, joint near body

Thomas upset he was tested for PEDs over health statement

Marshawn’s press conference to end all press conferences

NFL to assist Seahawks in ID'ing Pats' ineligible receiver sets

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Josh Gordon in essay: I'm not an addict

Belichick, Brady can't imagine Hall of Fame without Seau

Teammate: Johnny Manziel is definitely not a joke

Knicks reportedly ‘in play’ for Kevin Durant

Fire alarm at Patriots’ hotel goes off for second time in three days

Former NFL QB Jeff Blake: Everyone deflates footballs

NFL, officials, Carroll disagree on ineligible player rules

Seattle business rolling 12,000 joints for Super Bowl

How Yardbarker got Marshawn Lynch to open up back in 2008

Super Bowl records that won't fall anytime soon

Richard Sherman, girlfriend expecting baby any day

15 amazing Super Bowl XLIX stats

Pats fans buy Super Bowl tickets, told they're unavailable

The 10 most underrated Super Bowl performances

Where did Seahawks, Patriots find their Super Bowl players?

The all-time best Super Bowl team

Jimbo Fisher's extension could be worth $44 million

Morris twins investigated for possible assault

Bucks News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Super Bowl records unlikely to fall

15 amazing Super Bowl XLIX stats

Teammate: Manziel not a joke

Ten most underrated SB performances

Knicks ‘in play’ for Kevin Durant?

Ex-QB: Everyone deflates footballs

Where did 'Hawks, Pats find players?

Columnist: Start Skittles media boycott

The all-time best Super Bowl team

Blatt wants more LeBron MVP talk

Best Super Bowl ads of all-time

5 X-factors for Super Bowl XLIX

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.