The fact that today the NBA's Board of Governors unanimously approved the purchase of the Bobcats by Michael Jordan is a "no-duh" sort of story that sounds bigger than it really is. This approval has been a given for weeks since Jordan exercised his right of first refusal and bought the team from Bob Johnson in February -- NBA Commissioner David Stern and many others basically said so long before this happened today.
What is going to be very interesting now, though, is that the sale becoming official means that Jordan will now unveil his vision for a team that he owns. After his Hall of Fame career, Jordan now is the first former player to become the majority owner of an NBA team.
I think he's going to be a fine owner as long as he's "all-in," as I wrote in this column last month.
Jordan will hold a press conference at 6 p.m. Thursday -- a press conference that should be very interesting because MJ has had a long time to think about what he wants to say.
The Bobcats as a team already have Jordan's stamp imprinted upon them -- most notably because he was the one who got Larry Brown to coach this group. But what will the Bobcats as a business do differently? And now that Jordan is basically on the hook for $275 million -- the discount purchase price of a team that originally cost $300 million -- what will he do differently?
So Thursday should be an enlightening day, Bobcats-wise. Meanwhile, the Bobcats themselves play a home game tonight, against Oklahoma City, as they try to stay inside the NBA playoff bubble.