(Photo by Streeter Lecka/Getty Images)

In a surprising move, NBA legend and Charlotte Hornets owner Michael Jordan has agreed to sell off a portion of the team to a pair of New York investors.

Jordan has worked out a deal that will see Melvin Capital’s Gabe Plotkin and DI Capital’s Daniel Sundheim join Hornets Sports and Entertainment as investors, a rep announced Wednesday. The deal is pending NBA approval.

Jordan paid $180 million in cash when he purchased 65 percent of the Hornets — then called the Bobcats — in 2010. Since then, his share of the ownership has grown to 97 percent and the team’s value has increased to an estimated $1.3 billion. Neither the percentage of the team he’s selling to Plotkin and Sundheim nor the amount they’re paying for it has been revealed.

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