Former Buccaneers player Junior Bridgeman will buy 10% of the Ownership Stake

Former Milwaukee Bucks forward/guard Junior Bridgeman is buying a 10% ownership stake in the NBA franchise, according to CNBC’s Michael Ozanian and Jessica Golden.

Former Milwaukee Bucks player Junior Bridgeman receives a limited partner discount of 15%

NBA owners will be notified of the memo sale on Thursday, other sources added. According to multiple reports, the sources requested anonymity because full details have not been made public.

Bridgeman, who currently owns Ebony and Jet magazines, is getting a limited partner discount of 15%, or a valuation of $3.4 billion, to buy a stake in the group. The deal is reported to value the Bucks at $4 billion.

The richest NBA players look like this:

▪️ MJ
▪️ Magic
▪️ Lebron
▪️ Junior Bridgeman

Many of you don’t know the name 4, he averaged 13 ppg and was never an All-Star…

He now has a net worth of $600M and is the new owner of the Bucks

This is the story of Junior Bridgeman ⬇️ pic.twitter.com/Btm6nA4xSy

– Frank Michael Smith (@frankmikesmith) September 12, 2024

In April 2023, Marc Lasry sold his 25% stake in the Bucks to the billionaire Haslam family. At the time, the group was valued at $3.2 billion. Bridgeman’s discount highlights the $800,000 price difference.

According to a recent profile of ESPN’s Baxter Holmes, the East Chicago native has an estimated net worth of $600 million. His other business deals include Wendy’s and Chili’s restaurants, and Heartland Coca-Cola.

In 2016, Forbes ranked Bridgeman as the fourth richest retired athlete in the world, with an estimated net worth of $32 million. He was behind only Michael Jordan, David Beckham and Arnold Palmer.

Bridgeman played 10 NBA seasons with Milwaukee from 1975 to 1984 and returned for a final campaign in 1986-87.

Bridgeman, who turns 71 on Sept. 17, began and ended his NBA career with the Bucks. He played 10 seasons (1975 to 1984 and the 1986-87 season) with Milwaukee and spent 12 seasons (1975 to 1987) in the NBA.

A 6-foot-5 guard/guard, he was selected eighth overall by the Los Angeles Lakers in the 1975 draft out of Louisville. He was then sent to Milwaukee as part of the Kareem Abdul-Jabbar trade.

In 849 regular season NBA games (52 starts), he averaged 13.6 points, 3.5 rebounds, 2.4 assists, and 25 minutes per contest. He also shot 47.5% from the field and 84.6% from the free throw line.

After nine consecutive seasons with the Bucks, the team traded him to the Los Angeles Clippers in 1984. Bridgeman returned to Milwaukee before the 1986-87 season, which would be his last. After the season, he retired after playing 711 games for the franchise.

That was the all-time record until Giannis Antetokounmpo surpassed it in 2023. Bridgeman’s 711 games now rank 3rd on the list, as Khris Middleton has played 712 games for the Bucks.

Bridgeman’s No. 2 jersey was retired by the Bucks in 1988.