NBA Rumors: Michael Jordan Needs to Hang It Up as Bobcats' Owner

It's time.

It's time for Michael Jordan to hang it up as owner of the Charlotte Bobcats, one of the more miserable teams in recent memory. Entering Sunday, the Bobcats were 7-43, a record that should be made a synonym for "awful" or "putrid."

For example:

Ew, this milk is way past expired and it smells 7-43. Yuck.

Or:

The only game on tonight is the Bobcats and Washington Wizards. What a 7-43 game that will be.

But if it's any consolation to Bobcats fans, Jordan may in fact be giving up on this whole owner thing soon enough. From Mitch Lawrence of the New York Daily News:

"

Nearing the end of another lost season as Bobcats owner, Jordan recently told his GM, Rich Cho, to start planning for a rebuilding campaign. He also dropped a bombshell, telling Cho and other deputies that if this one doesn’t produce a winner and he continues to lose millions over the next “three to four years,” then he intends to sell the team.

“I told Rich to make us better,” Jordan told one associate recently. “If that doesn’t work and I can’t make a profit in the next three to four years, then I’m selling.”

This is a change of plans for Jordan, who over almost the past year has been seeking a buyer to purchase half the team. The Bobcats lost $20 million last season and they’re headed for more big losses this season.

"

For what it's worth, Jordan has denied the report.

"

Jordan: "I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats. I am 100%..."

— Sam Amick (@sam_amick) April 1, 2012"

"

Jordan: "...committed to building the Bobcats into a contender and have no plans to sell the team." Read report here - nydn.us/H6xdlc

— Sam Amick (@sam_amick) April 1, 2012"

One way or another, Jordan's future will likely hinge on a few ping-pong balls, where the Bobcats can seriously begin to rebuild if they wind up with the first pick and can draft Anthony Davis. Land him, and the Bobcats can build a team around one of the nastiest defensive presences to hit the league in years.

And that's where Jordan finds himself now as an owner—needing some luck. For a man who worked harder than anyone else during his career and did everything in his power to bypass ever needing a bit of luck, he now is at the mercy of the fates.

If they don't land Davis, there are other good players to be had for sure, but probably not a franchise cornerstone and legitimate game-changer like Davis. And the Bobcats desperately need that sort of player—not to pile on here, but who in Charlotte is worth the price of admission?

Honestly, who on this team would you pay to watch?

Kemba Walker?

Maybe. But other than that, no one. And Jordan knows it.

The greatest player the game has seen has proven to be a pretty lousy executive after his playing days, and he needs to he cut his $20 million losses and move on sooner rather than later.

It's time.

Hit me up on Twitter—my tweets will remain Linsane in tribute.