Former Houston Rockets president/CEO George Postolos — whose first attempt to purchase the team, according to the Charlotte Observer, fell apart last summer — has made a new offer that Bobcats president Michael Jordan has until the end of February to match, according to sources.
Jordan negotiated a right of first refusal after Johnson made it clear he intended to sell the team, according to a team source. But it was not immediately known whether the group of investors Jordan has assembled has the wherewithal or inclination to match Postolos’ offer.
The Bobcats are sitting above .500 this season and have a good shot at making the playoffs. But the two big moves that put the franchise in this position — the hiring of Larry Brown and the trade for Stephen Jackson — aren’t long-term moves. Brown could retire at any time and Jackson is 31, so I’d be surprised if both are still with the team after next season. Gerald Wallace made the All-Star Game (deservedly), but he’d be better suited to be a sidekick for a dynamic guard. Other than Wallace, the Bobcats don’t really have anyone to build around, so despite their surprising record, Jordan shouldn’t break his arm patting himself on the back.
Besides, Rod Higgins is still technically the GM, right? Here’s a list of all the big moves that the Jordan/Higgins combo executed over the last few seasons, along with a grade for each move:
