Do it however the Ravens and Browns did it.
The old-Browns left all that was in Cleveland when they relocated, a turtle leaving an old shell for a new one. When the expansion turtle was created, it just used the shell that was left.
That did not happen in 2002.
History is owned by the NBA, and teams can use it to make money. The question is who gets to use the tool.
If MJ wants to be able to use, he'll have to ask the NBA. The Heat have Jordan's jersey in the rafters. The Hornets had Pete's jersey up. Anything can be done.
This who has the history stuff is an oversimplified take on the issues.