If a deal to build a new arena is not in place by November 2017, the NBA has the right to buy back the Milwaukee Bucks from incoming owners Wesley Edens and Mark Lasry.

Sources told ESPN.com that the sale agreement announced last week to transfer the Bucks from longtime owner Herb Kohl to Edens and Lasry for a purchase price of $550 million includes a provision that allows the league to buy back the team for $575 million.

This provision ensures that the NBA would control the fate of the franchise from that point as opposed to Edens and Lasry.

Edens and Lasry agreed last week to pay a league-record $550 million to Kohl for the Bucks and promised to contribute an additional $100 million toward a new arena.