Jordan Selling Majority Share in Hornets – Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday. Jordan is selling to a group led by Gabe Plotkin and Rick Schnall, the Hornets said. Plotkin has been a minority stakeholder in the Hornets since 2019. Schnall has been a minority owner of the Atlanta Hawks since 2015 and is in the process of selling his investment in that team. It’s not clear how long the process of selling will take to be finalized by the NBA’s Board of Governors. Jordan is expected to keep a stake in the Hornets, the team he bought in 2010 for about $275 million. Jordan’s decision to sell leaves the 30-team NBA without any Black majority ownership. Read more at: https://www.nba.com/news/michael-jordan-selling-ownership-stake-hornets (Steve Reed and Tim Reynolds/AP)
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Morant Suspended for 25 Games – Ja Morant was suspended for 25 games to start the 2023-24 NBA season following the most recent instance of the Memphis Grizzlies star brandishing a firearm on social media, the league announced Friday. Two months after NBA commissioner Adam Silver suspended Morant for eight games for a series of off-court infractions, including multiple gun-related incidents, Morant flashed a handgun while in a vehicle during an Instagram Live video last month. The league launched an investigation, which it concluded prior to the NBA Finals. Morant was an indefinite suspension from the Grizzlies. Read more at: https://sports.yahoo.com/ja-morant-nba-suspended-25-games-for-latest-gun-incident-161250181.html (Ben Rohrbach/Yahoo!Sports)