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The Charlotte Bobcats are a professional basketball team based in Charlotte, North Carolina. The team is part of the Southeast Division of the Eastern Conference in the National Basketball Association. The Bobcats were established in 2004 as an expansion team, two seasons after Charlotte's previous NBA team, the Charlotte Hornets, relocated to New Orleans and became the New Orleans Hornets. The Bobcats play their home games at Time Warner Cable Arena in uptown Charlotte.
Charlotte Bobcats News
Charlotte Bobcats are currently for sale by majority owner Robert Johnson. Johnson paid $300 million for the franchise in 2003. However, Forbes currently estimates the team’s value at $284 million. Michael Jordan, a minority owner and head of basketball operations, has shown interest in putting together a group to purchase majority control in the team.
Charlotte’s NBA Development League team is the Maine Red Claws. The Bobcats were also the brother team of the Charlotte Sting of the WNBA before the Sting folded on January 3, 2007.
The 2008 NBA Draft saw the Bobcats select D. J. Augustin from Texas with the ninth selection in the first round. During the offseason an agreement with the teams first ever draft pick, Emeka Okafor, was reached on a six-year $72 million dollar contract extension. On December 10, 2008, the team traded Jason Richardson to the Phoenix Suns along with Jared Dudley and a 2010 second-round draft pick for Boris Diaw, Raja Bell and Sean Singletary. Adam Morrison, who had struggled in Charlotte and fallen out of favor with Brown, was involved in a trade to the Los Angeles Lakers for forward Vladimir Radmanovic on February 7, 2009. The Bobcats came very close to reaching the franchise’s first playoff berth during the 2008–09 season, but finished just four games out of eighth place with a team record 35 wins. Members of the team voiced their frustration at management for hosting the Charlotte Jumper Classic, a horse event, at the end of the season. The scheduling conflict forced the Bobcats to play their final four games on the road, virtually ending any playoff hopes.
Gerald Henderson from Duke was chosen with the 12th pick by the Bobcats in the 2009 NBA Draft. Xavier’s Derrick Brown was also selected.
On July 28, 2009, the Bobcats traded Emeka Okafor for New Orleans Hornets center Tyson Chandler.
On November 16, 2009, the Bobcats traded Raja Bell and Vladimir Radmanovic to the Golden State Warriors for Stephen Jackson and Acie Law.