Charlotte Bobcats officially change name back to Hornets after 12 years

Josh Carr attaches new vertical Charlotte Hornets logo signs outside of Time Warner Cable Arena on Monday, May 19, 2014, in Charlotte, N.C. In preparation for Tuesday's official name change, the Charlotte Bobcats began branding Time Warner Cable Arena with Charlotte Hornets sings. (AP Photo/The Charlotte Observer, Jeff Siner) (The Associated Press)

Installer Mariano Simmons positions a new Charlotte Hornets sign outside of Time Warner Cable Arena on Monday, May 19, 2014, in Charlotte, N.C. In preparation for Tuesday's official name change, the Charlotte Bobcats began branding Time Warner Cable Arena with Charlotte Hornets signs. (AP Photo/The Charlotte Observer, Jeff Siner) (The Associated Press)

CHARLOTTE, N.C. – The Charlotte Hornets are back.

The NBA franchise announced Tuesday they have officially changed the name back to the Hornets after 10 years of being known as the Bobcats.

The team formally announced the name-change Tuesday at the its downtown arena nearly one year after owner Michael Jordan indicated that he wanted to change the name back to the Hornets.

The league approved the change last July.

Jordan didn't attend the press conference, but issued a statement saying it's a "historic day for our franchise, our city and our fans."

The Hornets resided in Charlotte from 1988-2002 before George Shinn moved the team — and name — to New Orleans. The name became available when New Orleans owner Tom Benson changed his team's name from the Hornets to the Pelicans.