CHARLOTTE, N.C. (AP) - Charlotte Bobcats owner Michael Jordan is changing his team's name to the Hornets, said a person familiar with the situation.
The person said Jordan will detail the timetable for the change to be completed at a press conference the Bobcats have scheduled for Tuesday. The person spoke Monday to the Associated Press on condition of anonymity because the name change has not been publicly announced.
NBA deputy commissioner and COO Adam Silver previously said it would take "about 18 months" for the Bobcats to change their name. That means Charlotte could once again become the Hornets by the 2014-15 season.
The Hornets resided in Charlotte from 1988-2002 before then-owner George Shinn moved the franchise to New Orleans.
The New Orleans Hornets recently changed their name to the Pelicans.
Silver said in an April interview if the Bobcats decided to change their name to the Hornets it would be "an enormously complex process and a very expensive process for the team. From everything to the uniforms, to the building, to the letterhead to the signs on the offices - all of that has to be taken into account."