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CHARLOTTE, N.C. -- Michael Jordan wants to "bring the buzz back" to Charlotte. The Bobcats owner said at a press conference Tuesday evening hes changing his teams name to the Charlotte Hornets beginning in 2014-15. Jordan said he submitted an application to the NBA board of governors earlier Tuesday informing them of his decision and is optimistic the board will approve the name change when they convene in July. "Lets bring the buzz back, and bring that energy back on the basketball court and make this city proud again," Jordan said. Charlotte will remain the Bobcats next season, but if all goes as planned Jordan anticipates his team will become the Hornets the following season. Jordan said his organization is giving the fans what they want. "We spoke to our season ticket holders and fans, and overwhelmingly you guys wanted the Hornets name back," Jordan said. "And we went out and brought the name back." NBA deputy commissioner and COO Adam Silver previously said it would take about 18 months for the Bobcats to change their name, but pointed out the fact that the league owns the rights to the name Hornets could help speed up the transition process. Silver said in the April interview the name change would be "an enormously complex process and a very expensive process for the team. From everything to the uniforms, to the building, to the letterhead to the signs on the offices -- "all of that has to be taken into account." Pete Guelli, Charlottes executive vice-president and chief sales marketing officer, estimated the cost of changing the name to the Hornets at about $4 million. He added, however, that the decision wasnt based on money and that "nothing was going to keep us from going down this road because this is what the fans wanted." Jordan knows that it will take more than just changing the name of the front of the jersey to turn his struggling franchise around -- it will take talent. The Bobcats are 28-120 over the past two seasons, the worst record in the league. "Ultimately we still have to play the game at a high level, which is what the Hornets did for a long period of time," Jordan said. "Changing the name does not guarantee that were going to be a playoff-contending team. We still have a lot of work to do to build that. Im not walking away from that. It is what it is." He said its too early in the process to know if the team will keep the Hornets teal and purple colours. The NBAs Hornets resided in Charlotte from 1988-2002 before then-owner George Shinn moved the team to New Orleans following a financial dispute with city officials over replacing the Charlotte Coliseum. Shinn wanted a new arena with additional luxury suites. The New Orleans Hornets, now owned by Tom Benson, recently changed their name to the Pelicans. Charlotte was awarded an expansion team in 2003 and then-owner Bob Johnson named the team the Bobcats. The venture was a financial disaster for Johnson, who lost millions before selling majority ownership to Jordan in 2010. Even with Jordan at the helm, the Bobcats have never come close to matching the popularity of the Hornets, a team which sold out 364 straight home games, a streak that stretched nearly nine full seasons. Since 2010 three Charlotte area residents have been leading a grass roots movement to persuade Jordan to bring back the popular Hornets nickname. John Morgan, an elementary art teacher in Monroe, N.C., started a campaign on Facebook three years ago called "We Beelieve" after watching the Bobcats lose to the Orlando Magic in the franchises only post-season appearance. Disappointed over the lack of energy in the arena, Morgan began longing for the days of Larry Johnson, Alonzo Mourning and Muggsy Bogues. He wanted the Hornets name back and began gathering signatures to support his cause. Shortly thereafter, brothers Scotty and Evan Kent took the effort a step further and created a website called "Bring Back the Buzz." Eventually the three men pooled their resources for one common goal. "Its amazing," Morgan said earlier Tuesday after reading reports of the pending name change. "It feels like Im walking on a cloud." While the Hornets name had no meaning for the city of New Orleans, it does have significance to native Charlotteans. According to the Mecklenburg Historical Association, British general Lord Charles Cornwallis called Charlotte "a hornets nest of rebellion" after city residents drove the British out of the area in 1780. The tenacious moniker has become a source of pride for the city for more than two centuries. 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That particular season the late great Harry Caray was calling the White Sox games. Dustin Colquitt Super Bowl Jersey . Breaking three of his own world records on his way to winning in Paris, Chan silenced the critics and left the audiences standing in appreciation and awe. ARLINGTON, Texas -- The Texas Rangers have exercised their $5.25 million club option for next season on catcher Jonathan Lucroy and will extend a $17.2 million qualifying offer to All-Star outfielder Ian Desmond.General manager Jon Daniels also said Thursday that the AL West champion Rangers wont make qualifying offers to first baseman Mitch Moreland or right-hander Colby Lewis, but are open to bringing back those free agents.The Rangers arent expected to exercise an $11 million team option for left-hander Derek Holland, but trading him could be an option before Mondays deadline. There is a $1.5 million buyout on the contract for the pitcher who has missed much of the last three seasons with injuries.Designated hitter Carlos Beltran, acquired in an Aug. 1 trade with the New York Yankees, and left fielder Carlos Gomez, signed in August after being released by Houston, also became free agents.Texas signed Desmond during spring training, and got Lucroy iin a trade from Milwaukee on Aug.dddddddddddd1.Lucroy hit .276 with 11 homers and 31 RBI in 47 games for the Rangers after being acquired. The two-time All-Star catcher hit .299 with 13 homers and 50 RBI in 95 games for the Brewers before that.Desmond got an $8 million, one-year deal from Texas at the end of February and converted to the outfield during spring training. He had turned down a qualifying offer from Washington after spending seven seasons as a shortstop with the Nationals, including the 2012 season when he was an All-Star.If Desmond signs with another club before the amateur draft next June, the Rangers would receive a draft pick as compensation at the end of the first round.The Rangers also purchased the contract of infielder/outfielder Drew Robinson from Triple-A Round Rock and added him to the 40-man roster. ' ' '