When Michael Jordan decided to get into the tequila business, he could have slapped his name on the label, maybe autographed a few bottles and sold out the whole run in hours. No matter what it tasted like. Instead, the basketball hall of famer and owner of the Charlotte Hornets teamed up with owners from the Celtics, Lakers and Bucks to create an ultra-premium blend of the agave liquor that has already won prizes at tasting competitions from New York to Los Angeles. “It’s not about the ownership group. It’s not a celebrity-endorsed brand,” said Emilia Fazzalari, the CEO of Cincoro Tequila and the wife of Boston Celtics owner Wyc Grousbeck. “It was never about that. For us, it has always been about the liquid first.”
Call it the transition game: Michael Jordan and three other NBA owners are getting into the liquor business. The Charlotte Hornets owner has entered the venture with Jeanie Buss of the Los Angeles Lakers, Wes Edens of the Milwaukee Bucks and Wyc Grousbeck and wife Emilia Fazzalari of the Boston Celtics. They are creating a brand of tequila, a project that took root when they had dinner together a few years ago.
17 hours ago via ESPN

Hornets add Kobi Simmons

Charlotte Hornets President of Basketball Operations & General Manager Mitch Kupchak announced today that the team has signed free agent guard Kobi Simmons. Per team policy, terms of the deal were not disclosed. Simmons, who went undrafted out of the University of Arizona, appeared in one game for the Cleveland Cavaliers in the 2018-19 NBA season. The guard spent most of the season in the G League with the Canton Charge, posting averages of 17.1 points, 3.8 rebounds and 3.6 assists in 35 games played. Simmons appeared in 32 games for the Memphis Grizzlies in the 2017-18 NBA season, posting averages of 6.1 points, 1.6 rebounds and 2.1 assists.
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“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.”