It was reported on Friday that Bobcats majority owner Bob Johnson is looking to sell his stake in the team, but they won't leave Charlotte.

Charlotte agreed in 2002 to build the team's $265 million arena, and part of the contract was that the Bobcats would operate the facility and keep most of the revenue.

City Attorney Mac McCarley answered a few questions for the Charlotte Observer regarding the possibilty of a relocation.

"No," McCarley said of whether the club could leave.

"The city may seek an injunction to force the team to honor the commitment to play here, or can enforce liquidated damages of $200 million in the first five years (2005-2010), $150 million in years five to 10, and a declining balance going from $85 million in year 11 down to $7 million in year 25."

According to McCarley, the Charlotte's agreement with the Bobcats runs through the 2029-30 season.