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Bucks owner Kohl to sell team for $550M

(Photo by Gary Dineen/NBAE via Getty Images)

MILWAUKEE (AP) 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 and its Board of Governors.

Kohl is a former U.S. senator who has owned the team since 1985. Efforts to find new investors ramped up this year, and made it a priority to find owners or investors who will keep the franchise in Milwaukee.

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Points Per Game
Rank Name PPG
1 Kevin Durant, OKC31.9
2 Carmelo Anthony, NY27.4
3 LeBron James, Mia27.1
4 Kevin Love, Min26.2
5 James Harden, Hou25.4
6 Blake Griffin, LAC24.1
7 Stephen Curry, GS24.0
8 LaMarcus Aldridge, Por23.2
9 DeMar DeRozan, Tor22.8
10 DeMarcus Cousins, Sac22.7
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Rebounds Per Game
Rank Name RPG
1 DeAndre Jordan, LAC13.8
2 Andre Drummond, Det13.2
3 Kevin Love, Min12.5
4 Dwight Howard, Hou12.3
5 DeMarcus Cousins, Sac11.7
6 Joakim Noah, Chi11.2
7 LaMarcus Aldridge, Por11.1
8 Al Jefferson, Cha10.8
9 Anthony Davis, NO10.0
10 Andrew Bogut, GS10.0
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Assists per game
Rank Name APG
1 Chris Paul, LAC10.7
2 John Wall, Was8.8
3 Ty Lawson, Den8.8
4 Ricky Rubio, Min8.6
5 Stephen Curry, GS8.5
6 Brandon Jennings, Det7.6
7 Kyle Lowry, Tor7.4
8 Jameer Nelson, Orl7.0
9 Jeff Teague, Atl6.7
10 LeBron James, Mia6.4
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