Jordan bides time with lowly Charlotte

Source: (The Philippine Star) from Associated Press

CHARLOTTE, North Carolina – New Charlotte Bobcats owner Michael Jordan doesn’t plan on being a big player in this summer’s NBA free agency bonanza that could include LeBron James, Dwyane Wade, Chris Bosh and Amare Stoudemire.

The Bobcats have no salary cap space, and Jordan doesn’t mind.

In moving from a minority investor with the final say on personnel decisions to the first former player to be a majority owner of an NBA team, Jordan is preaching patience with his squad.

He is vowing not to get into luxury tax territory with his payroll and showing distaste for what he feels is overblown hype for free agency this summer.

“That doesn’t guarantee that New York is going to be in the playoffs,” Jordan said shortly after his $275 million purchase of the team was approved last week. “Everybody is second-guessing themselves. I like where we are. If I were to unload everybody on our team just so we can clear (salary cap) space, does that mean they’re going to come to Charlotte? It’s no guarantee.”

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