MJ is back! (...Again)

CHARLOTTE, N.C. (AP) -- Michael Jordan is back in the NBA, resuming his basketball career in the state where it started.

Jordan became part-owner of the Charlotte Bobcats on Thursday in a deal that gives him a stake in most of majority partner Robert Johnson's ventures.

Jordan's investment makes him second only to Johnson as the largest individual owner of the Bobcats.

Johnson, who spent $300 million on the expansion Bobcats in 2002, said Jordan will be the managing member of basketball operations.