Charlotte Hornets Rumors | Hoops Rumors

Michael Jordan Agrees To Sell Majority Share Of Hornets

June 16th, 2023 at 9:45am CST by Luke Adams

9:45am: The Hornets have put out a press release confirming that Jordan has reached an agreement to sell the majority share of the franchise to a group led by Plotkin and Schnall. According to Wojnarowski (Twitter link), the team is being valued at approximately $3 billion in the sale.

In addition to the names listed below, the new ownership group will include tech investor Ian Loring and several North Carolina natives, including recording artists J. Cole and Eric Church, per the Hornets.

The team added that Schnall is in the process of selling his minority stake in the Hawks, which will likely be completed within the next few weeks.

9:04am: Hornets owner Michael Jordan is selling his majority share of the franchise, according to Adrian Wojnarowski of ESPN, who reports that Jordan is in the process of finalizing a deal with a group led by Gabe Plotkin and Rick Schnall.

Plotkin is a current minority stakeholder in the Hornets, while Schnall held a minority share of the Hawks. They’ll become the new team governors in Charlotte once the sale is completed and approved by the NBA, says Wojnarowski, adding that an agreement is expected to be reached soon.

Jordan assumed majority control of the Hornets back in 2010, completing a deal that was based on a reported valuation of $275MM. While it’s not clear yet what he’ll sell for, Forbes estimated last October that the franchise was worth $1.7 billion, and those projections often undershoot actual sale prices.

Charlotte’s NBA franchise, which reentered the NBA as the expansion Bobcats in 2004 before being rebranded as the Hornets in 2014, made the playoffs just three times during Jordan’s tenure as majority owner and didn’t win a postseason series.

According to Wojnarowski, Jordan will remain involved with the Hornets, at least in the short term. He’ll continue to oversee basketball operations during the draft and the start in free agency in the coming weeks. Even after completing the sale, the six-time NBA champion is expected to retain a minority stake in the team, sources tell ESPN.

Word broke three months ago that Jordan was mulling the possibility of giving up control of the Hornets to a group led by Plotkin and Schnall. A story last month indicated that he may have been waiting until after the draft lottery to make a decision, since landing the No. 1 overall pick and the right to draft Victor Wembanyama would’ve increased the value of the franchise.

Charlotte didn’t win the draft lottery, but did come away with the next-best thing — the team controls the No. 2 pick, which could be used to draft a potential star like Scoot Henderson or Brandon Miller or as the centerpiece in a trade for an established veteran star. For now, there doesn’t appear to be traction on a trade involving the No. 2 pick, though that could change by the time the Hornets are on the clock next Thursday.

Jake Fischer of Yahoo Sports reported yesterday that Charlotte is trying to bring Henderson and Miller back to town this coming Monday to meet with Jordan, adding that all signs point toward the club choosing between those two players if it keeps its lottery pick. The Hornets have kept the reps for Henderson and Miller apprised on the ownership situation, tweets Fischer.

Besides Plotkin and Schnall, the Hornets’ new ownership team will include Hornets minority owner Daniel Sundheim, who is part of the purchasing group, says Wojnarowski.

A source tells Mike Vorkunov of The Athletic (Twitter link) that private equity form Dyal HomeCourt Partners is also expected to be involved in the group. Dyal also has stakes in the Hawks and Kings and had one in the Suns before cashing out in February when Mat Ishbia bought the franchise, says Vorkunov.

It remains to be seen how the Hornets’ ownership change might affect the team on and off the court going forward — head coach Steve Clifford and president of basketball operations Mitch Kupchak are among those in leadership roles whose futures could be impacted. For what it’s worth, Fischer notes (via Twitter) that Schnall was believed to be involved in basketball operations during his time as a Hawks minority owner.

Latest Rumors On Hornets’, Blazers’ Lottery Picks

June 16th, 2023 at 7:58am CST by Luke Adams

Despite New Orleans’ interest in Scoot Henderson, the odds of the Hornets and Pelicans reaching an agreement involving the No. 2 pick appear slim.

While the Pelicans don’t necessarily view any player as “untouchable” as they explore moving up in the draft, they’ve shown little interest in parting with forward Brandon Ingram, reports Jake Fischer of Yahoo Sports. According to Fischer, the team has received plenty of trade inquiries about Trey Murphy this year, but Murphy isn’t viewed as the type of player who could be the centerpiece of a deal that moves New Orleans up from No. 14 to No. 2.

That would leave Zion Williamson as the most obvious trade chip the Pelicans could use if they’re serious about moving into the top three. However, the organization still believes in Williamson’s upside and “fondly remembers” starting the season atop the Western Conference this past season when Zion was healthy, Fischer writes, noting that a top-three pick would be “merely the starting point” to meet Williamson’s valuation of the star forward. Charlotte is unlikely to share that valuation.

ESPN’s Jonathan Givony expressed a similar sentiment during an appearance on Zach Lowe’s Lowe Post podcast, as RealGM relays.

“I’ve been told New Orleans is not trading Zion,” Givony said. “And no interest in trading Brandon Ingram. I would be very surprised if anything ended up happening there at two or three. They were the No. 1 team in the West last year when Zion went down with the injury. If he’s healthy, which he rarely is, but when he’s healthy, he is easily one of the best players in the NBA. So I don’t see it happening. That was pretty much shut down to me as a possibility of Zion to Charlotte.”

Asked by Lowe if the possibility of a Pelicans/Trail Blazers trade involving the No. 3 pick is more viable, Givony essentially dismissed that idea too.

“They haven’t even spoken with Portland,” Givony said. “I think New Orleans has made some calls, just to see what it would take to get to one, get to two, but I don’t think it went past that.”

While the Pelicans have been the team most frequently mentioned this week as a candidate to move into the top three, they’re not the only ones who have looked into that possibility. Fischer says the Raptors and Rockets have conveyed interest in moving up in the lottery, while Kevin O’Connor of The Ringer cites sources who say that Toronto and the Wizards have explored deals to move into the top three.

Presumably, any trade into the top three for the Raptors or Wizards would involve a star player like Pascal Siakam or Bradley Beal, though it’s unclear whether those All-Stars on their own would be enough for a team like Charlotte or Portland to seriously consider a move down. Siakam will be on an expiring deal in 2023/24, while Beal is owed nearly $208MM over the next four years, so neither player has a particularly favorable contract. As we wrote on Thursday, Fischer is skeptical that Houston has the veteran talent necessary to move into the top three.

Givony suggested on The Lowe Post that the Trail Blazers have yet to receive a compelling offer for the No. 3 pick.

“Contrary to what people think, if the draft were tonight, they’re making that pick,” Givony said, per RealGM. “Unless something crazy comes up. Some type of trade that you just can’t say ‘no’ to. At this stage, they haven’t had anywhere near that level of conversation to get fair value for that pick. You very rarely have a chance to get that type of talent, like a Brandon Miller or a Scoot Henderson, in Portland. So they’re not just going to pass up on that unless something absolutely incredible comes out of thin air, which doesn’t appear the case right now.”

Hornets’ Mark Williams Undergoes Thumb Surgery

June 14th, 2023 at 6:27pm CST by Arthur Hill

Mark Williams underwent surgery to repair a torn ligament in his right thumb, the Hornets announced in a press release. The rookie center is expected to make a full recovery, according to the team, although no specific timetable was given.

The 15th pick in last year’s draft, Williams appeared in 43 games and made 17 starts this season. He finished second among rookies with 1.0 blocks per game, third in field goal percentage at 63.7%, fourth in rebounds at 7.1 per night and fifth with 11 double-doubles. He also averaged 9.0 PPG in 19.3 minutes per game.

Williams missed some time with a sprained thumb in March, but he was able to return before the end of the season and played in six of the team’s final eight games.

The surgery will prevent Williams from taking part in Summer League, according to Roderick Boone of The Charlotte Observer. The Hornets will play in both Sacramento and Las Vegas next month, and Williams had been expected to participate.

Boone adds that Williams’ focus will now turn to rehab and recovery before he resumes full workouts later in the offseason.

Pelicans Rumors: Henderson, Draft, Williamson, Ingram

June 14th, 2023 at 11:55am CST by Luke Adams

Since Shams Charania reported on Monday that the Pelicans have explored the possibility of trying to acquire a top-three pick in the draft in order to snag G League Ignite guard Scoot Henderson, multiple NBA journalists – including Brian Windhorst of ESPN (YouTube link) and Substack writer Marc Stein – have confirmed New Orleans’ interest in Henderson.

The Pelicans like the idea of adding a more “traditional play-maker” to their roster after having CJ McCollum serve as the de facto point guard last season, according to Stein, who adds that New Orleans is “undeniably drawn” to Henderson.

Appearing on ESPN’s Get Up on Wednesday, Windhorst said the Pelicans’ interest in moving up from No. 14 in the draft has rival teams speculating about whether former No. 1 overall pick Zion Williamson will hit the trade block.

“The Pelicans have had some cursory discussions (about moving up), from what I’ve been told. There haven’t been any offers made necessarily yet,” Windhorst said. “But it makes you really not take too far of a leap to wonder – and the league is certainly wondering – if the Pelicans are going to make, for the first time truly, Zion Williamson available ahead of next week’s draft. To get up to that level in the top five, you’d have to consider a player of this caliber.

“… I don’t know if anything’s going to truly develop there, but I think it’s fair to say based on my conversations, there’s an eye being kept toward whether the Pelicans would make Zion Williamson available.”

Stein has heard similar speculation and spoke to one “well-placed” source who believes that the Pelicans would be prepared to move Williamson if it meant they could land Henderson.

According to Stein, that source cited a “rising level of exasperation” in New Orleans about Zion’s injury history and his overall approach. The former Duke star has appeared in just 114 games in his first four NBA seasons due to a variety of health issues.

Of course, even if the Pelicans are willing to trade Williamson, it’s not clear whether the Hornets would be willing to give up the No. 2 overall pick in a deal for him, given not just his injury issues but his maximum-salary contract, which will go into effect this year.

A second source who spoke to Stein predicted that Charlotte would turn down an offer centered around the No. 2 pick and Williamson, though Stein notes that Hornets governor Michael Jordan may like the idea of acquiring a Jordan Brand star.

It’s possible the Trail Blazers would have interest in Williamson, Stein writes, but if the Blazers decide to trade the No. 3 pick, they’d likely prefer to acquire a star with a better track record of availability. It’s also not a lock that Henderson would be available for New Orleans if the team traded up to No. 3, since Charlotte could take him instead of Alabama’s Brandon Miller.

As we relayed earlier today, Jonathan Givony of ESPN.com wrote within his latest mock draft that the top of the draft could get a shake-up if the Pelicans include Brandon Ingram in an offer for the No. 2 pick, but Givony cautioned that it’s too early to say whether New Orleans would be willing to do so. For what it’s worth, Stein says his read right now is that the Pels would be less inclined to move Ingram than Williamson.

Draft Rumors: Trades, Hornets, Blazers, Whitmore, Pistons, Mavs, More

June 14th, 2023 at 9:22am CST by Luke Adams

The Lakers, Warriors, Nets, Grizzlies, and Pacers are among the teams with draft picks in the back half of the first round who are believed to be exploring trade scenarios, Jonathan Givony and Jeremy Woo report within their latest mock draft for ESPN.com (Insider link).

According to Givony, the Lakers are especially interested in talking to teams that hold multiple picks, which suggests they may be open to trading down from No. 17 in order to acquire an extra selection or two. The Warriors are looking into the possibility of moving up from No. 19 by moving a young player like Jonathan Kuminga, sources tell ESPN.

The Nets, who hold the Nos. 21 and 22 picks, are investigating whether they might be able to move into the lottery or the middle of the first round by packaging those two selections, according to Givony, who says Memphis (No. 25) is another team seeking opportunities to move into the late lottery or mid-first round.

As for the Pacers, they have a lottery pick at No. 7 and are thought to be interested in adding an “explosive, defensive-minded power forward,” so Givony has them selecting Jarace Walker in that spot, noting that Ausar Thompson and Taylor Hendricks are also very much on their radar. Indiana also controls the 26th, 29th, and 32nd overall picks and has been engaged in trade discussions about those selections. It seems unlikely the club will use all of them, per Woo.

Here’s more from ESPN’s two draft experts:

Scoot Henderson had a “highly impressive” workout with the Hornets over the weekend, but Brandon Miller still looks like the favorite to be the pick at No. 2, says Givony. If a team like the Pelicans were willing to include an impact player such as Brandon Ingram in an offer for the second overall pick, that could shake up the top of the draft, but it’s still too early to say whether that’s a realistic possibility, according to Givony.
While the Trail Blazers continue to explore trade opportunities at No. 3 and have done due diligence by working out prospects outside of the consensus top three, they seem content to select either Henderson or Miller if they hang onto the pick, Givony reports.
Villanova forward Cam Whitmore is receiving consideration from the Rockets at No. 4 and is viewed as one of the leading candidates to be drafted there, along with Amen Thompson, says Woo. If he’s not picked fourth overall, Whitmore seems like a good bet to go fifth, Givony writes, given the makeup of the Pistons‘ roster.
Givony suggests that a trade of Pistons forward Bojan Bogdanovic for Mavericks wing Tim Hardaway Jr. and the No. 10 pick is one scenario that could be “in play.” Based on Givony’s wording, it’s unclear whether that offer has been put on the table by either team or if it has even been seriously considered. But the specific terms suggest it has at least been discussed.
Arkansas guard Anthony Black has worked out – or will work out – for several lottery teams, including the Magic (Nos. 6 and 11), Jazz (Nos. 9 and 16), and Mavericks (No. 10), says Woo. The ESPN mock has Black being drafted at No. 8 by the Wizards, who are said to be focused primarily on backcourt players.
The Raptors are believed to be a “strong suitor” for Kansas wing Gradey Dick, according to Givony, though there’s also speculation that Toronto could be major movers on the trade market and might not end up picking at No. 13.
The Jazz (Nos. 9 and 16) and Thunder (No. 12) sent decision-makers to Europe this week to watch French wing Bilal Coulibaly in the LNB Pro A playoffs, according to Woo, who has Coulibaly coming off the board at No. 14 to the Pelicans in ESPN’s mock.

Seth Curry Open To Possibility Of Joining Hornets

June 14th, 2023 at 8:03am CST by Luke Adams

Asked whether he’d consider joining the Hornets in free agency, Seth Curry didn’t rule out the possibility of signing with his hometown team, according to Sam Albuquerque of The Greenville News. Curry was born in Charlotte, where his father Dell Curry played for 10 seasons and is currently a color commentator on Hornets broadcasts. “You always think about it,” Seth said. “Growing up a Hornets fan, watching my dad play, you always think about one of us wearing that No. 30 Hornets jersey in the modern era. But like I always say, you never know in this league.”

Southeast Draft Notes: Miller, Hornets, Council, Smith

June 12th, 2023 at 7:00pm CST by Dana Gauruder

The Hornets hold the No. 2 pick and Alabama forward Brandon Miller will work out for them on Tuesday, Ashley Stroehlein of WCNC tweets. Miller and G League guard Scoot Henderson are the top contenders to be chosen at the No. 2 spot. It was previously reported that Miller was scheduled to work out for Charlotte on Tuesday and the plans obviously didn’t change. In fact, he has already arrived in Charlotte.

We have more draft-related news from the Southeast Division:

Prior to Miller’s visit, the Hornets were busy looking at other prospects on Monday. According to a team press release, Gonzaga guard Rasir Bolton, Arizona State guard Desmond Cambridge Jr., San Jose State guard Omari Moore, South Alabama center Kevin Samuel, Illinois guard Matthew Mayer and Baylor forward Flo Thamba worked out for Charlotte. A majority of those players will be looking to get picked up as free agents after the draft.
Arkansas guard Ricky Council IV, a potential second-round pick, was among the players who visited the Hawks on Monday, Lauren Williams of the Atlanta Journal-Constitution tweets. Council is ranked No. 52 on ESPN’s Best Available list. Four other guards — Detroit Mercy’s Antoine Davis, Notre Dame’s Dane Goodwin, Iowa State’s Gabe Kalscheur and Kansas State’s Markquis Nowell — joined him along with Ohio State wing Justice Sueing.
North Carolina State guard Terquavion Smith (No. 41 on ESPN’s list) headlined the group of six prospects that visited the Wizards on Monday. Utah State forward Daniel Akin, Oklahoma big man Tanner Groves, Southern Utah wing Tevian Jones, Rutgers guard Caleb McConnell and Wichita State guard Craig Porter Jr. joined Smith in the pre-draft workout, Chase Hughes of NBC Sports Washington tweets.

Pelicans Looking To Move Up Draft, Eye Scoot Henderson

June 12th, 2023 at 4:14pm CST by Dana Gauruder

The Pelicans are looking to trade up to the No. 2 or No. 3 overall pick in the 2023 draft with their sights set on G League guard Scoot Henderson, Shams Charania of The Stadium and The Athletic reports (Twitter video link).

New Orleans is among several teams seriously pursuing that No. 2 overall pick, according to Charania. The Hornets hold the No. 2 selection and worked out Henderson on Sunday. The 6’2″ guard averaged 17.6 points, 6.6 assists, 5.3 rebounds and 1.1 steals for the Ignite in 19 games this season. Henderson’s spotty 3-point shooting (27.5%) didn’t hurt his draft stock. He was shut down in mid-March by the Ignite.

New Orleans already has CJ McCollum at the point, though he could swing to the shooting guard spot as he did in Portland. The Pelicans drafted Dyson Daniels with the No. 8 pick last June, but Daniels posted modest stats in 59 games during his first NBA season. They also have Kira Lewis Jr., a 2020 lottery pick who returned from a major knee injury to appear in 25 games this season.

The Pelicans hold the No. 14 pick and have a bevy of future first-rounders owed to them, which they could dangle to Charlotte or the Trail Blazers, who hold the No. 3 selection. The Lakers owe New Orleans their unprotected 2024 first-rounder, which can be deferred until 2025. The Bucks owe the Pelicans their unprotected 2027 first-round pick. New Orleans also has the right to swap 2024 and 2026 first-rounders with Milwaukee.

Beyond those draft assets and McCollum, the Pelicans could offer either of their other stars (Zion Williamson, Brandon Ingram) or some other young talents (Trey Murphy III, Herbert Jones). It remains to be seen what type of package the Hornets (or Blazers) would pursue in order to part with their high lottery pick.

Southeast Notes: Wizards, Hornets, Butler

June 11th, 2023 at 3:20pm CST by Alex Kirschenbaum

The Wizards have been taking a thorough look at a wealth of NBA prospects in recent days. Washington possesses three picks in this year’s draft: the eighth selection in the lottery and the Nos. 42 and 57 picks in the second round.

The team announced (Twitter link) that it was auditioning six prospects in a pre-draft workout on Friday: Texas forward Timmy Allen, North Carolina forward Leaky Black, San Diego State forward Nathan Mensah, Connecticut forward Adama Sanogo, Ohio State forward Justice Sueing, and Indiana forward Race Thompson.

According to Chase Hughes of NBC Sports Washington (via Twitter) another five league hopefuls participated in a a pre-draft workout Saturday. Virginia guard Kihei Clark, Missouri guard D’Moi Hodge, North Carolina State guard Jarkel Joiner, University of North Carolina at Greensboro swingman Keondre Kennedy, and Princeton forward Tosan Evbuomwan comprised that group.

There’s more out of the Southeast Division:

The Hornets possess a whopping five selections in this year’s draft, headlined by the second pick in the lottery. Jonathan Givony of ESPN (Insider link) builds out the club’s ideal draft, suggesting Charlotte should select Alabama swingman Brandon Miller over G League Ignite point guard Scoot Henderson with the No. 2 pick. The club also has the No. 27 pick in the first round at its disposal, as well as three second-round selections. Givony suggests those picks would be best used on Santa Clara’s Brandin Podziemski, UCLA’s Jaime Jaquez, Indiana’s Trayce Jackson-Davis, and Missouri’s Kobe Brown.
The Hornets brought in six NBA hopefuls for their latest pre-draft workout Saturday. Per Rod Boone of The Charlotte Observer (Twitter link), G League Ignite wing Sidy Cissoko, Detroit Mercy combo guard Antoine Davis, guard Jazian Gortman of Overtime Elite, Oklahoma big man Tanner Groves, Jackson-Davis, and Jaquez participated in the audition.
Even if Jimmy Butler‘s Heat fall short of a championship, his legendary playoff run deserves to be remembered forever, opines John Hollinger of The Athletic. Hollinger notes that Butler’s regular season accolades pale in comparison to his postseason impact, especially when it comes to clutch scoring and play-making.

Suns Rumors: Harden, Lillard, Paul, Irving, Russell, More

June 9th, 2023 at 8:04pm CST by Rory Maher

There have been rumors linking James Harden to Phoenix. John Gambadoro of Arizona Sports 98.7 FM shut down that notion (via Twitter), writing that there’s a “zero percent chance” the Suns would pursue the former MVP.

Gambadoro also said it was “highly unlikely” the Suns would have interest in Trail Blazers star Damian Lillard, pointing out that his large salary might be unpalatable for a roster that’s already top-heavy (Twitter link). On his Burns and Gambo radio show (Twitter link), the plugged-in local reporter stated in stronger terms that the Suns won’t pursue Lillard.

“They’re not getting James Harden, and they’re not getting Damian Lillard,” Gambadoro said.

Here are more rumors on the Suns:

Gambadoro’s reporting on Lillard was seemingly in response to a new piece from Jake Fischer of Yahoo Sports, who hears from sources who say that the Trail Blazers have shown interest in Deandre Ayton in the past. However, Fischer also downplays Phoenix’s chances of landing Lillard, noting that the Suns don’t have the requisite assets to land a player of his caliber. The Blazers, meanwhile, still hope to build a contender around their all-time leading scorer, and remain intent on re-signing Jerami Grant, sources tell Fischer.
Fischer’s article focuses on Chris Paul‘s uncertain future with the Suns and how it might have a ripple effect around the NBA. Although Lillard and Harden might be unrealistic targets, Fischer writes that the Suns remain intrigued by Kyrie Irving, who is entering unrestricted free agency. As Fischer notes, Irving would basically have to ask the Mavericks for help in a sign-and-trade. Dallas hasn’t shown any interest in helping the Lakers land Irving in a sign-and-trade for D’Angelo Russell, but Fischer wonders if Paul might be more appealing.
Could the Lakers and Suns explore a sign-and-trade involving Russell and Paul? The Suns pursued the 27-year-old impending free agent ahead of the February trade deadline when he was still on the Timberwolves, sources tell Fischer. Big man Naz Reid, who’s also set to hit unrestricted free agency, was another player Phoenix desired in talks with Minnesota, Fischer adds.
Hornets guard Terry Rozier has been linked to Phoenix in the past, but the Suns didn’t pursue him ahead of the trade deadline, sources tell Fischer. Knicks guard Immanuel Quickley, Celtics guard Payton Pritchard, Kings guard Davion Mitchell, and Heat guard Gabe Vincent are among the other backcourt options the Suns have monitored, per Fischer.
Agents that Fischer has talked to believe Paul could get at least part of — if not the full — mid-level exception if he’s waived and becomes an unrestricted free agent. While Paul has been linked to his former club, the Clippers, Fischer notes that they can only offer the veteran’s minimum, and there’s “mutual interest” in a reunion between Russell Westbrook and the Clips.