Steve Greenberg of Allen & Co., the New York-based firm that former senator and Milwaukee Bucks owner Herb Kohl retained to bring in new team investors, said Saturday the process is ongoing and added that reports Saturday of a possible sale were premature.
“There is a lot of speculation out there,” Greenberg told the Journal Sentinel. “There is an active and ongoing process with respect to the Bucks. But we are not going to comment on speculation.”
Greenberg, who is representing Kohl in the sale process, said it was “premature to make any sort of announcement of a possible sale. We do not intend on saying anything publicly.”
Sources: NBA Updates Salary Cap Projections for Future Seasons
Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).
— Shams Charania (@ShamsCharania) September 18, 2018
Sources: Shams Charania on Twitter
Sources: Pelicans, Jarrett Jack Agree to Deal
Free agent guard Jarrett Jack has agreed to a one-year deal with the New Orleans Pelicans, per league sources.
— Shams Charania (@ShamsCharania) September 17, 2018
Source: Shams Charania on Twitter
Spurs Name Brent Barry VP of Basketball Operations
The San Antonio Spurs hired television analyst and 14-year NBA veteran Brent Barry to their front office, naming him vice president of basketball operations Monday.
Barry, who won titles in 2005 and 2007 with the Spurs, has been considering a move into an NBA front-office role for several years.
Source: Adrian Wojnarowski of ESPN