The NBA Board of Governors officially approved a name change that allows the Charlotte Bobcats to become the Hornets again after the 2013-14 season.
The team reclaimed its original name that went to New Orleans when the franchise moved there and remained the Hornets until it was dropped in favor of Pelicans after this past season.
The 2013-14 season will be the final one as the Bobcats.
"We're thrilled to bring back the Hornets to Charlotte and the Carolinas," Bobcats owner Michael Jordan said. "The passion and enthusiasm around this name change by fans in this market has been unmatched. They overwhelmingly told us what they wanted, we listened and we couldn''t be happier with the Board of Governors' approval of the name change.
"With the young team we are developing on the court, the direction of our business and the return of the Hornets name, we are extremely excited about our future. The Buzz is Back!"
The next step in the transition will be the development of colors, logos and uniforms, the team said.