Michael Jordan was reportedly the deciding factor in not accepting a deal that would have traded the ninth overall pick in the 2015 NBA Draft to the Celtics.
The Hornets are active on the trade market to upgrade their wing and power forward positions, sources told Grantland.
The Hornets are reportedly putting together a bid to host the 2017 or 2018 All-Star game.
Michael Jordan said the Hornets got rid of Rod Higgins to give Rich Cho more power.
Michael Jordan was named a billionaire by Forbes on Thursday after increasing his stake in the Charlotte Hornets.
The Bobcats' plan to change their name back to the Hornets has renewed local interest in the franchise, which ranks in the top 10 in NBA ticket pre-sales this summer.
The NBA approved Charlotte's request to change the franchise's nickname back to Hornets.
Michael Jordan's brother, Larry, was promoted to team director of player personnel, several sources told Yahoo! Sports' Marc J. Spears.
The Bobcats "really like" Quin Snyder and he could be their next coach, according to ESPN's Chris Broussard.
The Bobcats interviewed Jazz assistant Jeff Hornacek on Thursday for their head coach opening after meeting with Lakers assistant Steve Clifford earlier in the week, CBS Sports' Ken Berger reports.
Michael Jordan announced at a press conference on Tuesday that the Bobcats have filed the necessary paper work to become the Hornets starting with the 2014-15 NBA season.
The Bobcats have started the process of changing their name to the Hornets, a source with knowledge of the situation told Will Brinson of CBS Sports.
The Bobcats will interview CSKA Moscow assistant coach Quin Snyder for their vacant head coach position, a source tells Marc J. Spears of Yahoo! Sports.
The Bobcats will interview Lakers assistant Steve Clifford for their head coaching vacancy.