General Manager John Hammond said Monday that the 21-year-old Jennings was examined after Saturday's 95-86 loss to Utah.
Jennings broke the long bone on the outside of his left foot that connects to the little toe, one of the most common bones to break in the foot. He earlier said he first felt pain in a loss to San Antonio but kept playing and also played 30 minutes against the Jazz.
Jennings had started every game since being picked 10th overall in 2009, a string of 107 regular-season games and seven in the postseason. He'd been averaging 17.9 points per game and 5.5 assists in 25 games this year.
The Bucks play the Lakers on Tuesday night at Staples Center.
The league announced that its Board of Governors has given its anticipated approval of the purchase.
Commissioner David Stern announced Dec. 6 that the NBA intended to buy the Hornets from majority owner George Shinn and minority owner Gary Chouest.
Nolasco, Marlins agree on deal
Florida Marlins right-hander Ricky Nolasco has agreed to a $26.5-million, three-year contract, a person familiar with the negotiations said. The person spoke to the Associated Press on condition of anonymity because the contract won't become final until Nolasco passes a physical.
Nolasco gets $6 million next season, $9 million in 2012 and $11.5 million in 2013.
Craig gets $4 million this year and $4.5 million in each of the following two seasons under the agreement, which was reached last week and announced Monday.
The 29-year-old right-hander was 1-1 with a 3.04 earned-run average last season in 71 games.
Free-agent infielder Bill Hall finalized a $3.25-million, one-year contract with the Houston Astros that includes a mutual option for 2012.
Monday's agreement includes a $4-million option.
The San Diego Padres finalized their $11.5-million, two-year contract with second baseman Orlando Hudson. … Washington Nationals pitcher Stephen Strasburg says his rehabilitation from reconstructive elbow surgery is "on track" and that he hopes to start throwing a few weeks before spring training. … Outfielder Rick Ankiel and the Nationals have agreed to a $1.5-million, one-year contract.
Mosley looks to fight Pacquiao
Former three-division world champion Shane Mosley said his advisor, James Prince, has a Tuesday meeting scheduled in Las Vegas with Manny Pacquiao's promoter to "go over the particulars and maybe sign" a contract for a May 7 Pacquiao-Mosley fight at the MGM Grand.
"We've already discussed the fight about three, four weeks ago, so now we'll go over it again," Mosley said in a telephone interview. "Both sides just need to commit to what we've talked about and then I think we're done."
Pacquiao's promoter, Bob Arum, said last week that the world champion boxer would consider bids by Mosley, Juan Manuel Marquez and Andre Berto.
USC junior Tyron Smith won the Pacific 10 Conference's Morris Trophy, presented annually to the top offensive and defensive linemen. Smith, a two-year starter at right tackle who will make himself available for the NFL draft, won the offensive award. Oregon State tackle Stephen Paea won the defensive award.
The awards are based on votes by linemen in the conference who vote for opponents.