Michael Jordan has agreed to sell a large piece of the Charlotte Hornets to two New York-based investors, a sale expected to close in the next few weeks that was first reported by the Observer.
A source familiar with the deal said it does not involve the former NBA Most Valuable Player giving up majority ownership of the NBA franchise. Jordan controls about 97 percent of Hornets equity, two sources confirmed.
Jordan is bringing in Gabe Plotkin, a founder of Melvin Capital, and Daniel Sundheim, a founder of DI Capital. Both prospective owners must be approved by the NBA, but that process is already underway and the sale is expected to close quickly, a league source confirmed.
Report: Blake Griffin Out Until November Due to Knee, Hamstring Soreness
The Detroit Pistons will be without Blake Griffin until at least early November due to continued soreness in his knee and hamstring.
Griffin did not travel to Indiana for Detroit’s season opener against the Pacers on Wednesday, with the team saying he will continue treatment and conditioning “for left hamstring and posterior knee soreness.”
The Pistons say he will be re-evaluated the first week of November.
Steve Kerr: ‘It’s unlikely’ that Klay Thompson Plays this Season
Ever since Klay Thompson tore his left ACL four months ago, the Warriors guard has held out hope that he could return this season in time for a potential NBA playoff run.
His coach, however, isn’t betting on that timeline.
“It’s unlikely that he’s going to play this year,” Steve Kerr recently told NBC Sports Bay Area in an exclusive interview that aired Tuesday in “NBA Season Tip-Off,” only on the MyTeams app. “So we have to understand that.”
Thompson, who suffered the knee injury during Game 6 of the NBA Finals, had surgery July 2, and has said he hopes to play after the NBA All-Star break in February. Recent history, however, suggests that might not be possible.