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BasketballAndrew Bogut

Andrew Bogut receives ownership stake in Australian team

April 23, 2018 by Larry Brown • Comments
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Andrew Bogut

Andrew Bogut signing to play professional ball in Australia is no joke.

Bogut was introduced on Monday as the newest member of the Sydney Kings of the National Basketball League in Australia. The Aussie native reportedly signed a two-year deal with the team and has made his full commitment to the squad. Reporter Olgun Uluc says Bogut has no outs in his contract that would allow him the ability to leave for the NBA or Europe.

Andrew Bogut says there are no NBA outs in his deal. No Euro outs, either. He’s committed to the Sydney Kings for two years, and says he’s retired from the NBA.

— Olgun Uluc (@OlgunUluc) April 24, 2018

What’s really interesting is that Uluc reports that Bogut is becoming a minority owner in the team with 10 percent ownership. Bogut has his eye on becoming a 50 percent shareholder eventually.

Andrew Bogut says that part of his negotiations with the Sydney Kings was to ultimately become a major shareholder. He has 10%, as part of this deal. He eventually wants 50%.

— Olgun Uluc (@OlgunUluc) April 24, 2018

Bogut played 23 games for the Lakers this season. The former No. 1 overall pick was a major factor — especially defensively — for the first half of his career. He hasn’t been much of a presence as he’s bounced around the NBA the past few seasons. For his career, he averaged 12.4 points, 11.1 rebounds and two blocks per game.

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