NBA board approves sale of Bobcats to Jordan

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03/17/2010 - New York, NY (Sportsbook Betting Lines) - The NBA Board of Governors made it official on Wednesday by unanimously approving Michael Jordan's acquisition of a controlling interest of the Charlotte Bobcats.

Jordan and MJ Basketball Holdings, LLC reached an agreement to purchase the majority of the team from Bobcats owner Bob Johnson in late February, but was awaiting official approval by the league.

"We are pleased that Michael Jordan's purchase of majority ownership of the Bobcats was approved by the NBA's Board of Governors and closed in such a smooth and expeditious fashion," said NBA commissioner David Stern. "We look forward to the continued growth of the Bobcats, on and off the court, under his leadership."

Johnson, the founder of Black Entertainment Television, became the first black American to be the principal owner of a North American major-league sports franchise when Charlotte began play in 2004.

Jordan joined the Bobcats ownership group in June 2006 and served as the team's managing member of basketball operations, the same position he held with the Washington Wizards earlier in the decade.

As a five-time league MVP, six-time champion and two-time gold medal winner, Jordan has few rivals in regards to his game on the court.

The North Carolina native's stints in the front office, however, have come under some scrutiny.

First was the tumultuous 2003 split with the Wizards after 3 1/2 unsuccessful years with the organization as president of basketball operations, a position he held while he was finishing up his playing days.

Now in Charlotte, Jordan has rarely been seen at team practices or games despite calling the shots on all personnel transactions.

His most notable move thus far was luring fellow Hall-of-Famer, and North Carolina alum, Larry Brown to coach the team at the start of the 2008-09 season.

The Bobcats have never made the playoffs, but, entering Wednesday, sit in the sixth position in the Eastern Conference race with a 34-32 record this season.

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LINCOLN, Neb. -- Nebraska running back Marlon Lucky was hospitalized Monday for undisclosed reasons after Lincoln police responded to a call at his residence.

The Nebraska athletic department said in a release Monday that Lucky was admitted Sunday night.

MySportsbook.com has the Cornhuskers listed at +2500 to win the BCS National Championship odds.

A nursing supervisor at the hospital said all questions about Lucky were being referred to the athletic department. The athletic department said there would be no further comment from the department or Lucky's family.

A Lincoln Police spokesman said officers responded to a call at Lucky's residence 11:30 p.m. Sunday. The spokesman said he didn't know Lucky's condition at the time he was taken to the hospital.

Lucky, from North Hollywood, Calif., started six games last season as a sophomore and was the team's second-leading rusher, with 728 yards and six touchdowns. He also caught 32 passes for 383 yards. He averaged 19.1 yards on eight kickoff returns.

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FOOTBALL BETTING : Cassel Signs Contract

Kansas City, MO - Kansas City has not officially named Matt Cassel its starting quarterback, but there can be no doubt now.

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After praising his leadership and work ethic through spring workouts, the Chiefs announced Tuesday they had signed the 27-year-old Cassel to a multiyear contract. Terms were not disclosed, but he will almost certainly be one of the highest-paid members of the team.
"We are excited to be able to reach a long-term agreement for Matt Cassel to be a Kansas City Chief for many years to come," owner and board chairman Clark Hunt said in a statement. "His proven leadership on and off the field will be a tremendous asset to the organization."
Patriots made him their franchise player, meaning his salary for this season will be about $15 million.
New head coach Todd Haley, taking over for Herm Edwards after a 2-14 season, refused to name a starter at any position during offseason workouts. But it was obvious to everyone the team belonged to Cassel.
"I go out there each and every day with that focus that I'm the starter," Cassel said during a June minicamp. "Competition brings out the best in everybody."
The signing will come as welcome news to Cassel's new coaches and teammates. Amiable and hardworking, online football betting he appeared to win over everyone at minicamp.
"I think he's got some unique leadership qualities. I think his teammates like him and have respect for him. I think he's doing a pretty good job on the field, too," Haley said last month. "He's doing everything that I'm asking him, that our coaches are asking him to do. I don't have one single complaint how he's carrying himself."
After one workout, wide receiver Devard Darling declared Cassel "a breath of fresh air."
"He has a lot of swagger, a lot of confidence. It's good for us," said Darling. "We trust in him that he's going to go out there and lead us all the way."
nse to accommodate his specific abilities.
Trapped on the bench behind Heisman winners Carson Palmer and Matt Leinart at USC and then unable to unseat Super Bowl MVP Brady at New England, Cassel seemed destined to be a backup all his life. As Brady was helped off the field last September, Cassel seized the opportunity he'd been waiting for since high school.
In his only sustained action since his teens, he hit 349 of 555 passes for 3,949 yards at New England. He had 23 touchdown passes and 13 interceptions as the Patriots, who had gone unbeaten through the regular season the year before, finished 11-5 and out of the playoffs.
Chiefs general manager Scott Pioli, who had been Bill Belichick's assistant in New England, engineered the trade after the Patriots became convinced that Brady would recover fully from his knee operation.
"Since Matt arrived in Kansas City, he has embraced the team and the community," Pioli said. "His work ethic, his ability and competitive presence is what we expect from our players."

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