The Milwaukee Bucks are officially on the clock.

After what has seemed like an eternity, but in actuality was only a few months, Ramon Sessions has signed an offer sheet with the Minnesota Timberwolves for four years and $16 million.  As we all know very well by now, Sessions is a restricted free agent, which means the Bucks have seven days to match the offer or bid Sessions adieu.

Adding three million dollars onto this season’s payroll would push the Bucks into luxury tax land.  As is, the Bucks sit at $68,316,940 and that’s including Sessions’ million dollar qualifying offer.  The luxury tax for 2009-10 will be $69.92 million.  Add three million to the Bucks current number and the Bucks will pay roughly $2.8 million ($1.4 million matched dollar for dollar) in tax money.  It’s been widely believed for some time now that the Bucks threshold with regard to matching was/is $3 million annually for Sessions and therefore will not be matching this offer.

But let’s just sit and think logically about things for a second here. Read more…