Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the seven-acre estate in Highland Park, north of Chicago.
Portnoy says Concierge Auctions publicized Monday's auction well, but that market conditions aren't ideal. She says options for the property will be evaluated next year.
The former Chicago Bulls superstar's home originally was listed at $29 million in early 2012.
It has nine bedrooms, 15 full bathrooms, a pool pavilion and a regulation-size indoor basketball court. It also features what's described as a "gentleman's retreat," complete with a library, wet bar and the original doors from the Playboy Mansion in Chicago.
Jordan now owns the Charlotte Bobcats.
LEBRON INJURY
LeBron James did not practice with the Miami Heat on Tuesday because of a sprained left ankle, leaving his availability for Wednesday night's matchup against the Eastern Conference-leading Indiana Pacers in some doubt.
James got hurt during Monday's win over Utah. He was able to finish that game, though woke up with soreness on Tuesday, which he expected.
"I've had my fair share of ankle twists so I already knew how it was going to be today," James said. "Very stiff, very sore, it'll be around the clock treatment with Mike (Mancias, his trainer) and we'll go from there."
James said if the Heat were playing on Tuesday, he would not be in the lineup, "for sure." It's not uncommon for him to heal from sprains quickly, however.
"I've had extreme to not so extreme," James said. "We've been through this and we know how to attack it."
James rolled the ankle inward while dribbling late in the third quarter against the Jazz. He re-laced his sneaker, which is his typical method of treating ankle turns in order to minimize the opportunity for fast swelling, but left the game shortly afterward and spent about seven minutes on the Heat bench.
Once he returned, James showed no ill effects, finishing off a 30-point, nine-rebound, nine-assist night.
"It's not the first time he's gone through it with that ankle," Heat coach Erik Spoelstra said. "Lot of treatment, lot of rest, see how he feels."
James is averaging 25.3 points, 6.8 rebounds and 6.5 assists and has appeared in all 24 Heat games this season.
The Heat will enter Wednesday two games behind Indiana in the East standings, and lost in Indianapolis last week in the first of four meetings this regular-season against the rivals.
"It's a basketball game versus two good teams," Heat guard Dwyane Wade said. "A lot of that goes on in the NBA. It's not our championship."
KOBE'S COUNSEL
Former President Bill Clinton and NBA star Kobe Bryant will lead a panel on kids and sports at a conference next month.
The roundtable discussion, announced Tuesday, will take place at the Clinton Health Matters Initiative Conference on Jan. 13 in La Quinta, Calif. Topics will include barriers to access, quality coaching, and health and safety.
Bryant says, "It's a really important initiative for kids to understand that you're not just getting the benefits of being healthy, you're also understanding how to be great leaders, how to be unselfish, how to work within a group, competitive spirit."
The event is sponsored by the Aspen Institute, Clinton Foundation, ESPN and Nike's Access to Sport Initiative. ESPN will broadcast the discussion in prime time in early February.
Contributor: The Associated Press
