The NBA Board of Governors has approved the sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall. The sale will end Michael Jordan’s run of 13 years as the Hornets primary owner.
The sale is expected to be completed in the next one-to-two weeks. Jordan is retaining a minority stake in the Hornets after the sale.
The Hornets were valued at an approximate $3 billion. Jordan paid $275 million for his majority stake in the Charlotte franchise in 2010.
Per a report from Mozzart Sport, Nikola Jokic will sit out of the upcoming FIBA World Cup. Jokic has chosen to rest, after the Denver Nuggets run to winning the NBA Finals.
The Serbian National Team is also expected to be without Vasilije Micic, as he’s expected to focus on his transition to the NBA. Nikola Kalinic, who plays for Barcelona, is also expected to skip the tournament.
Austin Reaves didn’t want to leave the Los Angeles Lakers in free agency, but he did consider other options. Two teams with cap space this summer were in contention, according to Reaves.
“I really wanted to be in L.A. the whole time, there was a couple situations that were close but like I said, I really wanted to be in L.A. It feels like home to me so that’s really where I wanted to be,” Reaves said on the All The Smoke podcast.
Reaves said that the Houston Rockets and San Antonio Spurs were teams he considered joining before re-signing with Lakers.
“Houston, before Fred VanVleet signed there, and San Antonio,” Reaves answered when asked who else he might have signed with before agreeing to a new deal with Los Angeles.
