The Bucks will move on from pursuing restricted free agent Bogdan Bogdanovic following a failed sign-and-trade agreement with the Kings, reports The Athletic's Shams Charania.
The NBA reportedly is investigating if the failed deal occurred before league rules allow.
The New York Times' Marc Stein previously reported that the Bucks and Kings reached an agreement in principle on Tuesday on a sign-and-trade deal. The deal reportedly would have sent Bogdanovic and Justin James to Milwaukee in return for Donte DiVincenzo, Ersan Ilyasova and D.J. Wilson. If the agreement happened on Tuesday, it would have come three days before free-agent negotiations are allowed.