The franchise formerly known as the Charlotte Bobcats is officially the Hornets.
The team name change to the Hornets was announced today after being named the Bobcats for 10 years.
The NBA approved the name change back in July of last year after owner Michael Jordan expressed his interest in reverting to the Hornets name two months earlier. The approval was the result of a majority vote by the NBA Board of Governors during a meeting in Las Vegas.
Despite the fact that the franchise changed the team name to the Hornets, any franchise records or accomplishments moving forward will not be affiliated with the original Charlotte Hornets franchise. This is because the Hornets franchise of the past relocated the team from Charlotte to New Orleans.
Tom Benson, also owner of the New Orleans Saints, bought the New Orleans Hornets for $338 million from the NBA in 2012 who had ownership of the franchise for the two seasons prior. A year after Benson took ownership of the franchise, the Hornets name was dropped and was renamed the New Orleans Pelicans.
Since joining the NBA in 2004 as an expansion team named the Charlotte Bobcats, the franchise has had minimal success and was only able to muster two postseason appearances (2009-2010 and 2013-2014) seasons. The franchise finished this season as the eighth seed in the Eastern Conference which culminated in a first round sweep in this year’s playoffs at the behest of the Miami Heat.
Oooh! We are TOTALLY digging this one!
Ever since Mariah Carey performed You Don’t Know What To Do with Wale the other day we have been listening to it nonstop!
The song is brilliant! It’s a little bit disco, a little bit Wale, and a LOT of Mariah’s voice and we LOVE it!
Definitely one of the more solid tracks to come off of the new album Me…I Am Mariah. The Elusive Chanteuse!
Even for someone who is familiar with beatings, Vince McMahon could not have been prepared for the drubbing that he had in store last week.
According to Forbes, McMahon, the chairman and CEO of WWE, lost $350 million in a span of 24 hours.
The loss was the result of a few factors, including lack of confidence in WWE’s new online streaming network and a somewhat lackluster new TV deal. The new online streaming network has only picked up 700,000 subscribers since launching, and WWE said it expects the network to lose between $45 million and $52 million this year.
The new TV deal, while still impressive, is far smaller than what some investors thought. WWE’s contract with NBCUniversal to keep its hit shows “Raw” and “Smackdown” is worth around $150 million annually, which is half or one third of what many initially thought it would earn.
Together, the weak performance of the online streaming network and Thursday night’s announcement of the new TV deal led WWE’s stock to drop $8.86 (from $20.13 to $11.27).
That resulted in a huge loss for McMahon, whose net worth peaked at $1.6 billion in March. Then, Forbes reported, “shares dropped 29% the week after WWE announced its new online streaming network had only 667,000 subscribers, taking a $325 million chunk out of McMahon’s fortune.”
The stock’s next big tumble Friday wiped out another $350 million — nearly a third of his value.
A lack of confidence in the product and falling shares have dropped his fortune to an estimated $750 million.
Based on the true story of John Eleuthére du Pont, a convicted murderer, multimillionaire, and member of the famed du Pont family, Foxcatcher is the newest film from director Bennet Miller. It stars Steve Carell as du Pont, along with Channing Tatum and Mark Ruffalo as Mark and Dave Schultz respectively.
“A true champion, face to face with his darkest hour, will do whatever it takes to rise above. You must fight, and fight, and then fight some more.”