Michael Jordan played his final season in pro basketball.
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After the season, Wizards' majority owner Abe Pollin fired Jordan as team president, much to the shock of teammates, associates, and the public. Michael Jordan felt he was betrayed, thinking that he would get his ownership back after his playing days ended, but Pollin justified Jordan's dismissal by noting that Jordan had detrimental effects on the team, such as benching Larry Hughes for Tyronn Lue, making poor trades, and squandering the teams' 2001 1st round draft pick on high schooler Kwame Brown who never panned out. Without Michael in the fold the following year, the Washington Wizards were not expected to win, and they didn’t. Despite the signing of future All-Star point guard Gilbert Arenas, the team stumbled to a 25-57 record in the 2003-04 season.
Jordan's stint with the Washington Wizards was closely watched by both fans and the media. While the team failed to qualify for the playoffs in either of Jordan’s two seasons as a player, the team was competitive and sold out arenas around the league.
The Wizards replaced Jordan's managerial role with coach Eddie Jordan and General Manager Ernie Grunfeld. The team's current roster only has two holdovers from the Michael Jordan era: Etan Thomas and Brendan Haywood. The Grunfeld tenure has been widely lauded as successful. In particular, the trade of underachieving first round bust Kwame Brown for All-Star Caron Butler is considered to be one of the all time uneven trades in NBA history.