“I want to emphasize my sincere thanks to Michael for his time with this franchise,” said Pollin. “While the roster of talent he has assembled here in Washington may not have succeeded to his and my expectations, I do believe Michael’s desire to win and be successful is unquestioned. In the end, Ted (Leonsis) and I felt that this franchise should move in a different direction. I wish him only the very best in his future endeavors.”

Pollin also expressed his gratitude for Jordan’s on-court contributions.

“I firmly believe that Michael’s time with us as a player will have a lasting impact on every player on our roster, and there is no question that our fans were treated to a very unique two seasons, as the greatest player in the world completed his career here in Washington. We were extremely fortunate to witness his final season.”

Pollin, Wizards Minority Owner Ted Leonsis, and Jordan met Wednesday morning at MCI Center along with Pollin’s attorney David Osnos and Jordan’s attorney Curtis Polk.