Johnson bought the expansion team for $300 million, now sold it for what Forbes reports as $175 million to an investment group around team president Michael Jordan, after more or less actively looking for a buyer for over a year. Likely he lost more in operating expenses during some of the 7 years he owned the team. Forbes' editor claims "the NBA is embarrassed" about this situation. Ladies and gentlemen, your state of the NBA and another indicator how the next Collective Bargaining Agreement negotiations for 2011 will go.