We broke the story ... multiple NBA teams -- and even the NBA league office -- have replaced the title with words like "Managing Partner" and "Chairman" over feelings that "owner" is racially insensitive in a league where the majority of the players are black.

So, when we saw Common at Matsuhisa in L.A. on Thursday, we asked if he felt the change is a good thing ... or an unnecessary overreaction?

"I'm so pleased," Common told us ... "The term owner -- it didn't sit right with me."

"The history of what we have and we are as black people in this country ... it's just not really being considerate of the history."

Common says he was impressed with NBA Commissioner Adam Silver -- who referred to one team's majority investor as "Governor" instead of "owner."

He's also giving credit to Draymond Green for speaking out about the issue on LeBron's show "The Shop" in late 2018 ... when he explained why the term "owner" should go the way of the Dodo.