Milwaukee Bucks owner Herb Kohl has reached a deal to sell the franchise to New York investment firm executives Marc Lasry and Wesley Edens for about $550 million.
Kohl announced the deal Wednesday at the BMO Harris Bradley Center hours before the team was to play its final game of a dismal season. The deal is subject to approval by the NBA.
It appears the Bucks will be staying put. Lasry and Edens committed an additional $100 million to help build an arena, as did Kohl.
The Bucks were an NBA-worst 15-67 this season, losing their final game, 111-103, to the Atlanta Hawks on Wednesday night.
Blake Griffin was suspended for a game after getting his 16th technical foul this season. The Los Angeles Clippers forward sat out Wednesday against Portland after he hit Denver's Timofey Mozgov in the head on Tuesday. Griffin had planned to skip the last game to rest for the playoffs.
Kobe Bryant has been cleared to resume running and shooting and will begin an intense, six-month training program next week, after a family trip to Europe, ESPN reported.
While he is in Europe, Bryant will visit the German clinic where he had platelet-rich plasma treatment on his knee, a source told ESPN. The check-up is to ensure his left knee, which suffered a fracture in December, is sound before he resumes training.