Jordan takes big gamble on Bobcats

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Michael Jordan’s gambling penchant is almost as legendary as his game. But his move last Friday is the biggest financial gamble of his life — he bought an NBA franchise.

Like a lot of small market teams, the Charlotte Bobcats are losing money, with ticket sales and sponsorship revenue down in this economy. The Bobcats have been racking up debt under former owner Bob Johnson, and according to a great story by Henry Abbott at TrueHoop, Jordan now has the responsibility for those problems.

One source close to the process says that two things changed late in the game (to make Jordan’s deal come together). One is that some of the minority owners under Johnson agreed to stay on with Jordan in the lead role (which is reflected in David Stern announcing that a majority of the team had been transferred). And, most importantly, Jordan finally decided to put himself forward as the person who would pay the many bills as they arose. It’s unknown if he brought in any new owners at all. But what sources agree on is that Jordan vastly increased his own stake in the company, to the point that Stern is now calling him the “principal owner.”

Joel Litvin, NBA President, League and Basketball Operations says “we expect that this transaction will value the Charlotte Bobcats between $275-290 million.” The Wall Street Journal explains that much of the purchase involves Jordan taking on debt.

As Abbott points out, for the last few years Jordan has had a fun toy to play with. He got to make decisions — he was the final say on all things on all things basketball — without having to pay the price. That fell to Johnson. When a minority owner decided not to chip in for his share of the losses, Johnson had to cover it. Jordan is estimated to be worth roughly $400 million — that’s a lot of money, but you burn through it fast if the team is losing $40 million a year.

Jordan is gambling again. Gambling that he can make good basketball decisions that will put a winner on the court and draw more fans. So far his record as a front office executive is spotty — he’s been fired once, but this year the team is playoff bound and exceeding expectations. Building this team cheaply will not be easy as it has traded away a lot of draft picks for upcoming years.

Jordan also is gambling he can find more investors. Some people to sit by, get to bask in the Jordan aura, and fork over big checks to do it. Checks to cover the operating losses and debt that are going to take a few years to get rid of (at best). Making that sale is going to be a lot tougher than selling Hanes T-shirts.

But, do you really want to bet against Jordan pulling it off?

Kevin Durant blocks Dejounte Murray twice on one shot (VIDEO)

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Kevin Durant was doing it all in the first half — he had 18 points to lead the Warriors (tied with Stephen Curry) and was making plays all over the court.

That includes racing back on this play and blocking Dejounte Murray‘s layup. Twice. On one shot.

The Warriors have led by 20 and been in control through the start of the third quarter. KD was at the heart of that.

Draymond Green flops to sell call, Gregg Popovich just laughs

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That was a foul. Jonathan Simmons caught Draymond Green in the face as he reached in.

But the delayed then overly-dramatic reaction by Green is a classic flop.

We’ll see if the NBA fined Green for this, but Spurs’ coach Gregg Popovich was amused.

Spurs’ LaMarcus Aldridge nails three from one knee during warmups (VIDEO)

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Take that Stephen Curry.

Gregg Popovich would pull him so fast he’d look like a fidget spinner if he tried this in a game, but during warmups before Game 4 Monday night LaMarcus Aldridge knocked down a deep three from one knee.

If Aldridge is taking a lot of threes that’s not a good sign for the Spurs, but we’ll see if he can have a big night and keep the Spurs alive in this series.

Stephen Curry drains shots from near half court during warmups like they’re layups

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Stephen Curry‘s pregame warmups draw people into the arena early, it’s a show in and of itself.

Before Game 4 Monday night, Curry was taking a couple shots from the center-court logo. And draining them. Like layups. Because he can.

We’ll see if he can put on that kind of show when the game tips off.