Both Kuzma and Harrell have their flaws, but they’d fit in Sacramento. The Kings could lose center Richaun Holmes in free agency; the Hornets are one of the numerous teams with interest in Holmes, league sources say.
As previously announced, Chairman Michael Jordan will continue to run the Hornets and HSE, make all decisions related to the team and organization and will remain the team’s NBA Governor. Hornets President & Vice Chairman Fred Whitfield remains responsible for overseeing HSE’s day-to-day business operations while President of Basketball Operations & General Manager Mitch Kupchak will continue to lead the team’s basketball operations.
Hornets Sports & Entertainment Chairman Michael Jordan today announced that Gabe Plotkin, Founder and Chief Investment Officer, Melvin Capital, and Daniel Sundheim, Founder and Chief Investment Officer of D1 Capital, will join HSE as partners. The transaction is subject to NBA approval.
“I’m excited to welcome Gabe and Dan as my partners in Hornets Sports & Entertainment,” said Michael Jordan. “While I will continue to run the Charlotte Hornets, make all decisions related to the team and organization, and remain the team’s NBA Governor, Gabe and Dan’s investment in the franchise is invaluable, as we continue to modernize, add new technology and strive to compete with the best in the NBA. Both Gabe and Dan are industry standard-setters and proven leaders, with a belief in philanthropy and a passion for the game of basketball. They share my commitment to Charlotte and the Carolinas, and I look forward to working with and learning from them.”
Michael Jordan has agreed to sell a large piece of the Charlotte Hornets to two New York-based investors, the Charlotte Observer has learned.
Jordan is bringing in Gabe Plotkin, a founder of Melvin Captal, and Daniel Sundheim, a founder of DI Capital. Both prospective owners must be approved by the NBA, but that is already in process and the sale is expected to close in the next couple of weeks, a league source confirmed.
Jordan controls about a 97 percent stake in the Hornets. This agreement has no provision for him to give up majority control of the team or its operation. A source familiar with Jordan’s thinking said he plans to own and run the Hornets “a good, long time.”
September 27, 2021 | 10:03 am EDT Update
Towns has publicly committed to the Timberwolves several times, most recently at the end of the 2020–21 season, when he told reporters he wanted to have a career like Tim Duncan and Kobe Bryant, spending it all with one team. According to someone close to Towns, nothing related to that goal was altered in any meaningful way by Rosas’s dismissal. A contract extension is already on his radar.
Tony East: “TJ Warrens situation is one that’s going to take a little longer than we had hoped,” Carlisle says. He’s had a pair of scans in recent weeks, and the one last week revealed “good news,” Carlisle said. “It’s going to take some time,” he added they don’t have a concrete timetable
September 27, 2021 | 9:54 am EDT Update
Zach Lowe: Kyrie Irving is not expected to attend Nets media day today due to New York City health and safety protocols but the Nets fully expect Irving to accompany the team to training camp in San Diego, sources tell @WindhorstESPN and I.
Quinton Mayo: Wizards F Rui Hachimura informed the team and coaching staff via text last week that he’d be absent from the beginning of training camp. Hachimura is using the time to address his mental health, per sources.
When asked to address the faction of fans — however small or large it might be — that disagrees with the Thunder’s long-term rebuilding strategy, doesn’t fully understand it, or has already lost patience with it, Presti chuckled. “We’re one season into that,” he said.