SBD/Issue 232/Franchises

Report: Jordan Needs To Decide Bobcats Interest By Labor Day

Bobcats Exec VP Ed Tapscott confirmed yesterday that Owner Bob Johnson has issued a deadline for Michael Jordan to become part of the organization, according to Rick Bonnell of the CHARLOTTE OBSERVER. Tapscott said, "Bob has indicated that there is a deadline in his mind for the discussions with Michael. I'm sure it's sooner, rather than later. I'm sure in the near term Michael and Bob will sit down and come to some decision." Sources said that Jordan and Johnson "will talk in the next week to resolve whether Jordan will head the basketball operation"
(CHARLOTTE OBSERVER, 8/26). In NC, John Delong reported Johnson has given Jordan a deadline of Labor Day to "either join the organization as team president and part owner or officially turn it down." It is the "third such deadline that Johnson has given Jordan since they started discussing a deal in late May." Delong added that if the Bobcats "had any realistic hopes" Jordan would join the team, "they probably would have held off announcing season-ticket prices that have not been well-received" (WINSTON-SALEM JOURNAL, 8/25).

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