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A group headed by Michael Jordan will take control of the Charlotte Bobcats if approved by the NBA owners. The Charlotte Observer reports Jordan made a "huge personal financial commitment" to help make the deal happen.
Now that Charlotte is getting a new owner, Rick Bonnell of The Charlotte Observer wonders if the team should get a new nickname.
Bonnell writes: "If Michael Jordan listens to his customers, and potential customers, he'll seriously consider a name change from 'Bobcats' once his purchase of Charlotte's NBA franchise is complete. Too many of you have emailed me with that suggestion not to think it's an issue to many Charlotteans. You didn't like Bob Johnson naming the team after himself, and you sure don't see this as a positive once Johnson is no longer majority owner. This wouldn't be cheap. I spoke with an NBA executive who estimated it would cost the franchise anywhere from $3 million to $10 million to rebrand the team."