Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to Cleveland Browns owners Jimmy and Dee Haslam at a $3.5 billion valuation, sources told ESPN.
The deal, which sources said is still pending league approval, would be the second-highest valuation ever for an NBA team, being surpassed only by the $4 billion purchase of the Phoenix Suns by Mat Ishbia from Robert Sarver that was completed earlier this month. It would also be the third highest for any American professional sports team, also trailing the $4.