Updated: October 6, 2011, 1:08 pm ET

Bogut Will Not Play in Australia

By HOOPSWORLD
Basketball News & NBA Rumors

Agent David Bauman said Thursday that a deal to put Bogut on the court with the Sydney Kings is “off” because insuring the nearly $40 million remaining on the 7-footer’s contract with the Milwaukee Bucks is not feasible.

“He’s very disappointed because he was hoping to help the profile of the NBL and bring in new fans,” Bauman said after speaking to Bogut by phone. “But the risks for his outstanding money were too great.”

Bogut’s commitment to play for the Sydney club was announced earlier Thursday in Australia. Officials there have continued to say that the possibility of Bogut playing for the Kings remained alive, but Bauman told ESPN.com that the insurance obstacles can’t be overcome.

via Marc Stein of ESPN

Your comments are important to us, so please share your thoughts. We will be rolling out prizes and giveaways for our active Commenters. Please keep the comments above board and respectful to everyone and you could win some great stuff from us at HOOPSWORLD.