(Photo by Kent Smith/NBAE via Getty Images)

CHARLOTTE, N.C. (AP) Charlotte Bobcats owner Michael Jordan is changing his team's name to the Hornets, said a person familiar with the situation.

The person said Jordan will detail the timetable for the change to be completed at a press conference the Bobcats have scheduled for Tuesday. The person spoke to The Associated Press Monday on condition of anonymity because the name change has not been publicly announced.

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.

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