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.
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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.”
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September 27, 2021 | 8:29 am EDT Update
After weeks of conversation with James, Davis and then-Lakers forward Jared Dudley, who emerged as a sort of consigliere to the Lakers’ superstars in these meetings, Westbrook believed he was on his way to L.A. For years he had angled to get home, and now everything was lining up for it to finally happen. There was only one problem: The Lakers’ efforts to complete the fairytale had been repeatedly stymied by the Wizards’ refusal to make Westbrook available because, sources said, they still planned on moving forward with the Westbrook-Beal backcourt. Westbrook, for his part, would have played out the remaining two seasons on his deal if a trade hadn’t materialized. “No one thought that Russ would get out,” said one source close to the discussions.
That day, a telltale moment occurred: Westbrook received a tip. Not only could the Lakers not break through with the Wizards, but also they were on the cusp of trading Kyle Kuzma and Montrezl Harrell — players whose salaries would be required to execute a Westbrook trade — to the Kings for Hield. “That set Russ off,” one source said. “All he wanted, by any means, was to be a Laker.”
On Sunday, the Lakers reached agreement on a two-year deal with guard Austin Reaves, converting his two-way contract to a standard NBA deal ahead of training camp. The Lakers will have a team option on the second year of Reaves‘ contract, sources said. Reaves, a 6-foot-5 combo guard, has impressed the Lakers throughout the offseason and had a strong showing at James’ minicamp. James and Westbrook even had the rookie conduct some fun-loving errands throughout the weekend in Vegas.
Sources said Pelinka and his front-office group strongly considered executing a sign-and-trade for the 32-year-old DeRozan, giving up Kuzma and Caldwell-Pope in the process, but couldn’t come to consensus terms with the Spurs in free agency or a suitable contract number for DeRozan. What’s more, sources say the DeRozan option never advanced to the point that it was presented to Buss.
Elsewhere on the roster, former All-Star center Andre Drummond’s midseason arrival not only failed to pay off on the court, but also, according to sources, poisoned the well with Gasol, who had joined the Lakers after being promised the starting job, sources said, only to be replaced by Drummond, who was given the same pledge.