  According to a conjecture of Lusztig, the asymptotic affine Hecke algebra
should admit a description in terms of the Grothedieck group of sheaves on the
square of a finite set equivariant under the action of the centralizer of a
nilpotent element in the reductive group. A weaker form of this statement,
allowing for possible central extensions of stabilizers of that action, has
been proved by the first named author with Ostrik. In the present paper we
describe an example showing that nontrivial central extensions do arise, thus
the above weaker statement is optimal. We also show that Lusztig's homomorphism
from the affine Hecke algebra to the asymptotic affine Hecke algebra induces an
isomorphism on cocenters and discuss the relation of the above central
extensions to the structure of the cocenter.
