People of Charlotte do not fear, Michael Jordan has not lost faith in the game's future stars.
Your franchise will still select a player at the 2014 NBA draft with their number 24th pick, but they will not do so as the Charlotte Bobcats.
It has been known for a while now that Charlotte were planning on changing their name to the Hornets ahead of next season, but reports revealed today that it will happen sooner than many expected - on the day of this year's draft lottery, May 20.
The Hornets monicker is not unfamiliar to the city of Charlotte, with a team of that name having played in the league between 1988-2002 before moving to New Orleans.
With the Louisiana team adopting the Pelicans nickname prior to the current campaign, Michael Jordan and co were quick to snap up the title once again for the expansion franchise and they look to be implementing it at the soonest possible date.
The NBA Draft proper takes place June 26 with the newly named Hornets currently holding the 24th and 45th overall picks.