CHARLOTTE, NC (AP/WBTV)- The Charlotte Bobcats have announced that Michael Jordan will make a major announcement Tuesday evening regarding his team.
The event, set for 6 p.m., will be held at the Bobcats practice facility at Time Warner Cable Arena.
Reports have swirled for weeks that the Bobcats are setting the stage to change their nickname to the Charlotte Hornets.
CBS Sports reported Friday that the Bobcats have already begun the process of changing the team's name.
The Bobcats have remained mum on the speculation.
NBA officials said earlier this year in a visit to the Queen City that a name change typically takes 18-months and several million dollars to rebrand all the teams merchandise and logo.
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.