The Charlotte Hornets will be in the NBA once more. Charlotte Bobcat owner Michael Jordan announced on Tuesday at a press conference that he had informed the NBA of his decision to change the teams name to Hornets.
Jordan’s announcement on Tuesday was hardly news but rather confirmation of news that began spreading two days ago.
Charlotte will continue to play as the Bobcats next season but if all goes as Jordan plans his team will become the Hornets in time for the 2014-15 season.
“We spoke to our season ticket holders and fans, and overwhelmingly you guys wanted Hornets name back,” Jordan said. “And we went out and brought the name back.”
Pete Geulli, Charlotte’s executive vice president and chief sales marketing officer, estimated the cost of changing the name to the Hornets will cost about $4 million. He added, however, that the decision wasn’t based on money and that “nothing was going to keep us from going down this road because this is what the fans wanted.”
Previously the Hornets played in Charlotte from 1988-2002 before moving to New Orleans. The team recently changed their name to Pelicans.