Jordan Will Not Participate in President's Cup Due to Lockout

Michael Jordan will not act as an assistant captain of the United States President's Cup team when they travel to Australia later this month, according to an ESPN.com report. Jordan has decided that his duty is stateside, where, as majority owner of the Charlotte Bobcats, he is involved in the ongoing NBA lockout.

"After careful consideration, it is with regret that I have decided to cancel my trip to Australia later this month for The Presidents Cup," Jordan said in a statement. "With the NBA labor situation unsettled, as the majority owner of the Charlotte Bobcats, I feel it is necessary that I remain in the country. It was an honor to have been chosen by Fred Couples to serve as a captain's assistant. I wish Fred and the United States team the best of luck."

Jordan was an honorary captain for Couples once before in 2009, when the Cup was played in San Francisco.