NBA board approves sale of Bobcats to Jordan

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03/17/2010 - New York, NY (Sportsbook Betting Lines) - The NBA Board of Governors made it official on Wednesday by unanimously approving Michael Jordan's acquisition of a controlling interest of the Charlotte Bobcats.

Jordan and MJ Basketball Holdings, LLC reached an agreement to purchase the majority of the team from Bobcats owner Bob Johnson in late February, but was awaiting official approval by the league.

"We are pleased that Michael Jordan's purchase of majority ownership of the Bobcats was approved by the NBA's Board of Governors and closed in such a smooth and expeditious fashion," said NBA commissioner David Stern. "We look forward to the continued growth of the Bobcats, on and off the court, under his leadership."

Johnson, the founder of Black Entertainment Television, became the first black American to be the principal owner of a North American major-league sports franchise when Charlotte began play in 2004.

Jordan joined the Bobcats ownership group in June 2006 and served as the team's managing member of basketball operations, the same position he held with the Washington Wizards earlier in the decade.

As a five-time league MVP, six-time champion and two-time gold medal winner, Jordan has few rivals in regards to his game on the court.

The North Carolina native's stints in the front office, however, have come under some scrutiny.

First was the tumultuous 2003 split with the Wizards after 3 1/2 unsuccessful years with the organization as president of basketball operations, a position he held while he was finishing up his playing days.

Now in Charlotte, Jordan has rarely been seen at team practices or games despite calling the shots on all personnel transactions.

His most notable move thus far was luring fellow Hall-of-Famer, and North Carolina alum, Larry Brown to coach the team at the start of the 2008-09 season.

The Bobcats have never made the playoffs, but, entering Wednesday, sit in the sixth position in the Eastern Conference race with a 34-32 record this season.

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After all the trouble that’s ensued since Braylon Edwards allegedly punched one of LeBron James’ homeboys in the face at a club, the Cleveland Browns have sent away their last remaining player of worth to the New York Jets. This is a great move for Dirty Sanchez and all, but it’s even better for the Knicks. Now Donnie Walsh can say, “You get to haunt Braylon Edwards with your posse if you sign here!” next summer.

Putting that aside for a moment, the move is a clear indication that the new-look Jets are gunning for the Super Bowl this year. I don’t think that New York thought that Dirty Sanchez was going to be such a rock star. With a 75.2 passer rating that was killed against the Jets, Sanchez is doing an admirable job of managing games and putting the Jets in a position to win. The defense has been the major story in New York thus far, but the acquisition of Braylon Edwards makes this offense loaded with talent that can dent any defense…as long as Dirty Sanchez continues his meteoric rise.

Thus far, Edwards has been a non-factor in the NFL piling up just 139 receiving yards on 10 catches. He has yet to find the endzone, and with the Browns mired in the most unsexy quarterback controversy of all time (Anderson vs. Quinn...yawn), there going nowhere fast. Edwards is two seasons removed from a career year which saw him catch 80 passes for 1,289 yards and 16 touchdowns when the Browns were the spread killing monsters of 2007. In 2008, injuries slowed the receiver down to just 873 yards and three touchdowns though he played in all 16 games.

So that being said, we really don’t know if Braylon Edwards is just a flash in the pan, or a legit threat. At 6-foot-3 and 215 pounds, he is a prototypical receiver. But he’s also shown a strange, and unwarranted, talent for dropping passes. Lining up opposite Jericho Cotchery, a speed demon with 23 catches, 356 yards and a single touchdown, may give Braylon the open looks he needs. A change of scenery may also rejuvenate the star receiver.

In return, the Browns will receive Chansi Stuckey, online football betting a special teams player you’ve never heard of and a pair of draft picks. That’s a tall order for a guy whose only real value right now is in his name, and it shows no promise to the Browns that they can rebuild around those acquisitions. Braylon was the only reason to hope for the Browns to go 3-14 SU this year. Without him, they don’t have a single guy on offense that can scare any team.

For the Jets, it’s a response to the pounding that they took at the hand of the Saints. Thomas Jones and Leon Washington have averaged around 4.0 yards per carry each on the ground, but striking a fair balance between the passing and rushing attacks in New York has been a struggle. You have to believe that the trio of Dustin Keller, Jericho Cotchery and Braylon Edwards will give Sanchez the weapons he needs to unleash through the air. Theoretically, that would open up holes for the rushing game. But the proposed public option health care plan works in theory too. We need to see the proof in the pudding before we start loading up mega bucks on the New York Jets to take the AFC.

The one wrinkle in this whole thing is that Braylon could very well be suspended by the league for disciplinary action due to his “brawl” with LeBron’s friend. If that’s the case, the Jets may have to bench him for a few games leaving them with a somewhat depleted receiving corps for a few games. Also, this is a guy who gets in fights with people at clubs. New York may not be the best place for him. Just sayin’.

The Jets have a long week before they meet the Miami Dolphins on Monday Night Football Betting in a virtual pick ‘em game. Braylon’s excess baggage may be a distraction, and his curiously low production may be what we should be expecting of him overall, but for the Jets, taking a chance to strike gold is well worth it. At the end of the year, they can simply just blame it on their rookie quarterback.

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