The Milwaukee Bucks lost combo guard Malcolm Brogdon this summer after the 2017 Rookie of the Year signed a four-year, $85 million offer sheet with the Indiana Pacers.

The Bucks and Pacers ended up completing a sign-and-trade deal, with Milwaukee getting draft picks in return for Brogdon.

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Bucks owners Marc Lasry and Jamie Dinan explained to the media on Friday why they let Brogdon go instead of paying the luxury tax to keep him in Milwaukee, essentially saying they wanted to avoid paying the tax this season because they'll be paying it in the future:

Malcolm Brogdon averaged 15.6 points, 4.5 rebounds and 3.2 assists last season while shooting 50.5 percent from the field, 42.6 percent from beyond the arc and 92.8 percent from the free-throw line.

The Bucks are going to miss Brogdon’s shooting, playmaking and defensive skills, but they wanted to save money so they could re-sign small forward Khris Middleton and center Brook Lopez.

Middleton signed a $177.5 million contract with Milwaukee, while Lopez got $52 million this summer.

The Bucks did sign sharpshooter Kyle Korver after he was waived by the Phoenix Suns, so they were able to replace Brogdon’s shooting prowess with Korver. Wesley Matthews is also now in Milwaukee.

Milwaukee has a lot of money tied into Giannis Antetokounmpo, Eric Bledsoe and Middleton. The Bucks would have loved to keep Brogdon, but in the end, they decided it just didn't make financial sense to overpay to re-sign him.