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Michael Jordan Reportedly Joining Bid To Buy Marlins With Derek Jeter

Michael Jordan announces Tar Heels football will wear Jordan brand from now on.

Twitter/@cjzero

Michael Jordan is reportedly part of the new bid to buy the Miami Marlins.

According to the New York Post, Derek Jeter's group has now bid $1.2 billion to buy the Miami Marlins. It's also reported that they appear to be "closing in" on a deal.

One new development - former NBA superstar Michael Jordan, who owns the majority of the Charlotte Hornets, is now part of the group. It's reported that he isn't putting much money in - he'll act as more of a role model. Here's more:

Interestingly, NBA great Michael Jordan is among a group of about 15 investors in the Jeter camp, sources said — although the ex-hoopster is said to be kicking in very little cash.

Jeter sees Jordan as a role model in how to become a successful sports executive, a source who knows Jeter said.

The group is expected to hear about the bid next week.