Michael Jordan reportedly told Bobcats' GM Rich Cho to begin preparations on how to rebuild the franchise and that he may sell the franchise if they can't turn around the situation within the next few years.

“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.”

The Bobcats are the only team in the NBA with only single-digit wins.

Terrence Williams has signed with the Kings for the remainder of the season.

Williams had been on a 10-day contract with the team.

Keith Smart spoke about what Williams has been giving Sacramento.

"The ability to rebound as a guard, the ability to defend as a guard, his ability to be a playmaker," said Smart. "He sees the floor very well. That pass he floated over to Jason Thompson on the break, that's a tough pass for a guy to make to get it over the top of the runner, the defender. Then to pass it soft enough for him to be able to catch it? That's a type of pass that only certain people can make and this young man can do that. So he gives me that playmaking ability."

Wilson Chandler's contract was widely reported to be worth $37 million over five season, but sources say the number is actually $31.7 million.

The deal starts at $5.5 million for the rest of this season and tops out at $7.2 million in 2015-16, sources said.

Tom Thibodeau is openly upset with the lack of a competitive contract offer from the Bulls, according to sources.

Thibodeau signed a two-year contract in 2010 and was named 10-11 Coach of the Year.

The Cleveland Cavaliers have signed Lester Hudson from the Austin Toros of the NBA Development League.

Hudson has appeared in five games (two starts) for the Toros this season, averaging 17.6 points on .532 shooting, 6.0 rebounds, 4.2 assists and 2.4 steals in 29.2 minutes per game. The 6-foot-3, 190-pound guard from the University of Tennessee-Martin was originally drafted in the second round with the 58th overall pick by the Boston Celtics in the 2009 NBA Draft.

The New Jersey Nets have signed free agent forward Dennis Horner from the D-League’s Springfield Armor to a 10-day contract.

Horner is the fourth player to sign a 10-day contract with the Nets this season. The 6-9 rookie from N.C. State signed with the Nets prior to training camp on December 9, 2011. He appeared in five games with New Jersey, scoring a total of four points in 16 minutes of action.

Steve Nash acknowledged that he is unlikely to re-sign with the Suns if the team doesn't make improvements in the offseason.

"I'm not coming back to the Suns if there isn't improvement," Nash said.

Nash expects the Suns to make the type of improvements he is referencing.

Nash also said he would consider an offer from the Heat.

"I would listen," Nash said. "He's phenomenal. I love what they're doing there. A lot of people don't like them because they put all that talent there. But they're professional, they play hard, they play together. Their coaching staff has done a great job so I have a tremendous amount of respect for them. 

"I would definitely listen." 

Kirk Hinrich would be open to returning to the Bulls this offseason as a free agent.

"I wouldn't be opposed to it," Hinrich said. "It's still a ways away, and a lot can happen. We'll see. I have no preconceived thoughts on what will happen."

Chicago would be limited on what they can offer Hinrich as they are over the salary cap.

"I'm excited to have a choice instead of just going wherever the business sends me," Hinrich said. "But I haven't thought about it much. I've been so caught up in this whirlwind season. I was trying to get healthy and then working to get back to playing at a level I should be playing at. Now I'm thinking about the playoffs."

The Blazers have reopened their search for a permanent general manager.

Chad Buchanan has been acting general manager for over 300 days. Buchanan, president Larry Miller and salary cap analyst Joe Cronin have worked together through the 2011 Draft, free agency and the trade deadline.

Miller said the search began on Tuesday and that none of the previous candidates who interviewed will be revisited.

The Wizards have signed guard/forward Cartier Martin to a 10-day contract.

Martin (6-6, 220), has averaged 18.3 points and 4.7 rebounds while shooting .489 from the floor and .556 from three-point range in seven games with the Iowa Energy of the NBA D-League this season. He has appeared with the Wizards in the previous two seasons, averaging 4.3 points over 60 games with the team.