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Charlotte Hornets logo: Michael Jordan reveals new logo for Bobcats

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When the NBA franchise in New Orleans switched their team name to the Pelicans, many thought the long-time Hornets mascot was gone forever. As ESPN reported on Dec. 21, 2013, the new Charlotte Hornets logo was revealed to show that the team name and colors are being resurrected for the current franchise that is owned by Michael Jordan.

On Saturday, the current Charlotte Bobcats played the Utah Jazz, and owner Michael Jordan revealed the new Charlotte Hornets logo to the world.

"You guys asked and we delivered," said Jordan, who also introduced the Hornets' word mark, as well as eight alternatives.

"Tonight is a special night."

Jordan was joined by former Hornets' players Rex Chapman, Muggsy Bogues, Dell Curry, and Kelly Tripucka.

The old logo and name went with the team when it moved to New Orleans, who is in their first year as the Pelicans. In the old logo, the hornet was friendly looking with big eyes, big gloves, and big shoes. Now, the logo has a much sharper edge to it.

One day after their final game this season, the Bobcats will officially become the Hornets. The change comes with a price though.

There are about 250 major points throughout the arena that need to be rebranded and that comes with a price tag of around $4 million.

New Hornets' merchandise will debut on Jan. 18, 2014. The team's new uniforms won't be revealed until the summer. Hugo the Hornet, the team mascot, will also return with an update but kid-friendly look.

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