Bobcats owner Michael Jordan defended his trade of Gerald Wallace to Portland for Joel Przybilla.

Jordan told the Associated Press that he "loved the trade" because it gives his club "flexibility" to make future moves because they acquired two first-round picks and cleared salary-cap space.

"I think it's one of the best trades," Jordan said.

He's not content with competing for the final playoff spot in the Eastern Conference and believes the deal puts the franchise in better shape ahead of perhaps a lower payroll ceiling in the next labor deal as he tries to build a contender.

"We're all right," Jordan said. "I like where we are."