Johnson makes final payment on expansion fee
NEW YORK -- The Charlotte Bobcats officially joined the NBA on Monday after majority owner Bob Johnson made the final payment on the team's $300 million expansion fee.
The Bobcats become the league's 30th team and will begin play next season.
``We are delighted to welcome the city of Charlotte back into the NBA,'' commissioner David Stern said.
Johnson, chief executive officer of Black Entertainment Television, was awarded the expansion franchise in January 2003.