Michael Jordan denied a New York Daily News report that he would look to sell the Bobcats if he "can't make a profit in the next three to four years."

“I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats," said Jordan in a statement. "I am 100% committed to building the Bobcats into a contender and have no plans to sell the team.”

Jordan bought the team two years ago from Bob Johnson.