Hooped Up

The National Basketball Association’s (NBA) Board of Governors has voted unanimously to approve the purchase by Michael Jordan of a majority interest in Bobcats Sports & Entertainment (BSE).

The investment gives Jordan a controlling interest in the companies that operate the NBA’s Charlotte Bobcats and Time Warner Cable Arena, located in uptown Charlotte. After a Hall of Fame career, Jordan is the first former player to become the majority owner of an NBA team.

“Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise. Read More »

Charlotte Bobcats’ win streak is halted against Pacers
Gerald Wallace saw this one coming, even before he stepped into the Charlotte Bobcats’ locker room following the upset of the Orlando Magic Sunday, Wallace turned to a reporter and said, “It’s Indiana I worry about.”

He had cause to worry. There’s a pattern to these things — beat a great team, lose to a lousy one – and they were true to their history this season in a 99-94 loss to the Indiana Pacers that wasn’t as close as the final score suggests.

They did themselves in by flubbing the little things, committing 19 turnovers and missing 11 free throws. They were down 15, cut the deficit to three in the final 20 seconds, and then the last of those turnovers – a bad pass by Boris Diaw – robbed them of what could have been a tying possession.

So a franchise-best six-game winning streak is history…
Charlotte Observer
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The Charlotte Bobcats have signed veteran guard Larry Hughes to help with depth in the backcourt as they attempt to reach the playoffs for the first time.

Meanwhile, an MRI on forward Gerald Wallace’s left ankle on Saturday revealed no fractures or ligament ruptures. But Wallace likely will miss Sunday’s game at Orlando after being injured on Friday.

General manager Rod Higgins announced this month they wouldn’t sign Hughes because of his broken finger. But the injury has healed sooner than expected, and Hughes could be ready to play in about a week. Read More »

Michael Jordan, arguably the greatest player in basketball history, has reached a deal to buy an NBA franchise.

Mr. Jordan has agreed to buy a majority interest of the Charlotte Bobcats from Robert L.Johnson, the team’s majority owner, according to a statement released by Mr. Johnson Saturday. The deal is subject to league approval.

Terms of the deal weren’t disclosed, but the sale price is based on a franchise value of less than $300 million–”in the mid-to-high twos,” said a source familiar with the matter.

Wall Street Journal

Newest member of the Bobcats Tyrus Thomas traveled all the way from Charlotte, to coronate Zach Randolph in Memphis.

What a gentlemen!

The nine-month saga that is the sale of the Charlotte Bobcats could be resolved in the next three days, possibly today.

Sources close to the situation anticipate a quick resolution, as to whether Bobcats managing partner Michael Jordan or ex-Houston Rockets president George Postolos will close a deal with majority owner Bob Johnson.

Jordan’s window of first-refusal to buy the team is close to expiration, sources say, and he was still recruiting partners this week to invest $260 million or more to complete a purchase of Charlotte’s NBA franchise.

Jordan has repeatedly declined interview requests on his effort to buy the team.

Charlotte Observer

After years of saber-rattling from the Bulls about trading Tyrus Thomas. Chicago has finally done the deed, shipping Thomas to the Charlotte Bobcats for two players in return according to the Chicago Tribune.

League sources confirmed that the Bulls will send Thomas to Charlotte for Acie Law, Ronald Murray and a protected future first-round draft choice, pending league approval.

I’m sure the word “potential” will follow Thomas to Charlotte and paired with Tyson Chandler in the Bobcats front court, Daniel Day Lewis and I believe that “There Will Be Shots Blocked”.

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Straight Outta Stu Jackson’s office, the B.W.A. tee from K1X gives some shine to the players in the league that take every single game they play personally. NBA fines are expensive, this t-shirt is not.

So buy one goody two shoes.

Unfortunately, Jay Leno made his annoying return to late night TV and he landed Michael Jordan for his first interview back via satellite (sarcastic yay!). As you would expect if you had any taste, it was awful and Leno asked all the questions a grade 6 class would ask MJ on bring your parent to school day. It’s a good thing that Jordan saved this thing by calling Leno stupid for my entertainment.

So if you wanna know between Jay Leno or Conan O’Brien who I like more, the answer is pretty obvious — David Letterman.

Maybe next time Chase Budinger — actually you should just probably never try that one again with Gerald Wallace in the building to be safe.