Obama Classic Canceled. Cancelled.

Spelled either way, the anticipated Obama Basketball Classic is no more.

At least not in December, not on December 12th, since the return of the NBA on Christmas Day.

I wonder which event the players were looking forward to participating in more? (Regular NBA season. President Obama).

Regardless, Vince Carter, Barron Davis and Chris Paul explain the cancellation (or rather, postponement). Read below.

Dear Basketball Fans --

The good news is that basketball is coming back this month.

Unfortunately, that means the Obama Classic is being postponed.

Don't worry: Any tickets you've purchased will still be honored at the rescheduled event. It's on the calendar for Summer 2012.

And we can tell you it's going to be a game you won't want to miss. We've personally talked to more than a dozen players and legends who are eager to get out there and have some fun in support of President Obama.

We're sorry to delay the event, but it's safe to say this game will be worth waiting for. It's going to be a great time.

If you have any questions, please contact the campaign by e-mail or call 312-698-3670.

We'll see you out there. Until then, thanks for your support.

Vince Carter, Baron Davis, and Chris Paul