MILWAUKEE -- The NBAs board of governors unanimously approved the sale Thursday of the Milwaukee Bucks to New York investment firm executives Wesley Edens and Marc Lasry, bringing the forlorn franchise one step closer to starting a new era. Kansas City Chiefs Jerseys . Former U.S. senator Herb Kohl reached agreement with them last month for a price tag of about $550 million after they pledged to keep the team in Milwaukee. The NBA said Thursday in a statement that the transaction is expected to close shortly. The leagues expected approval comes days before the NBA holds its draft lottery. The Bucks, who had a league-worst 15 wins, have the best odds to get the No. 1 pick next week for Junes talent-rich draft. "The Bucks and their fans will benefit greatly from their vast business experience, energy and strong commitment to Milwaukee," commissioner Adam Silver said in a statement. Lasry and Edens committed to providing $100 million to help build a new arena. Kohl also announced he would donate $100 million for a new facility to replace the BMO Harris Bradley Center, the teams downtown home, which opened in 1988. Edens had said he hoped to get a plan completed for a new arena in a year, and have it built in a couple of years. He thought it might take about $400 million to build a new facility, though the new owners might face a tricky task in seeking public funding if they dont get more private help. Kohl bought the Bucks for $18 million in 1985. The Milwaukee native, whose family owned a chain of department stores, was hailed as a hometown hero. Silver praised Kohl for his "unprecedented and historic financial gift toward the construction of a new Milwaukee arena and for his outstanding service to the league and his community over his nearly 30-year tenure." An injury-plagued season left the Bucks a franchise-worst 15-67. They have finished above .500 only three times since 2000, though Milwaukee did make the playoffs in 2012-13. The Bucks were swept in four games by Miami in the first round. With new owners and a 25 per cent chance to pick up the No. 1 pick in the draft, the Bucks face a defining off-season. Even if it doesnt win the lottery, Milwaukee cannot fall below the fourth pick in a draft stocked with top prospects, including Dukes Jabari Parker and Kansas Andrew Wiggins. Breeland Speaks Jersey . THE THUNDER & PACERS BENCHES: In a nutshell, not impressive at all. Kendall Fuller Chiefs Jersey . But its also a smart game. Theres more to the Kings than banging bodies. They take a toll mentally on their opponents.WINNIPEG - The Winnipeg Jets have signed goaltender Michael Hutchinson to a US$1.15-million, two-year contract. Hutchinson, a 24-year-old restricted free agent, will count $575,000 against the salary cap each season if he remains in the NHL. The Barrie, Ont., native could be Ondrej Pavelecs backup next season if the Jets dont add a veteran. The contract is two-way in 2014-15, meaning hell have a different salary in the AHL, and one-way in 2015-16. Custom Kansas City Chiefs Jerseys. Hutchinson made his NHL debut April 7 and played three games for the Jets this past season. He went 2-1-0 with a 1.64 goals-against average and .943 save percentage. He helped the AHLs St. Johns IceCaps to the Calder Cup final last month. Hutchinson was originally a third-round pick of the Boston Bruins in 2008. Wholesale NFL Jerseys Wholesale Nike NFL Jerseys NFL Jerseys From China Cheap Nike Basketball Jerseys Wholesale Hockey Jerseys China Nike Baseball Jerseys Cheap College Jerseys China Cheap Football Jerseys Wholesale Jerseys CanadaWholesale NHL Jerseys Canada Wholesale Nike MLB Jerseys Canada Cheap NBA Jerseys Authentic Canada Stitched Soccer Jerseys Canada Cheap Jerseys Canada NFL ' ' '