Nearly a day after we heard a report that Bobcats owner Michael Jordan was contemplating selling the team, Jordan issued a statement which denied that notion (via The New York Times):
"I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats. I am 100 percent committed to building the Bobcats into a contender and have no plans to sell the team."
At seven wins and 43 losses, the Bobcats remain the only team in the NBA that has not reached the 10-win mark this season. They are currently on pace to have their lowest season winning percentage since being introduced to the NBA during the 2004/05 season.