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Hornets also traded two future second round picks to the Miami Heat for the 43rd pick Marcus Thornton.
Charlotte Observer, 2008-11-01.2002–2004: NBA returns to the Big EasyThe Hornets opened their inaugural season in New Orleans on October 30, 2002, against the Utah Jazz, who were originally in New Orleans and called the New Orleans Jazz, with a 100–75 win; "Pistol" Pete Maravich had his number posthumously retired during halftime.
Indeed, at the start of the NBA free agency period on July 1, the Hornets had the highest payroll of all teams in the league, topping $77 Million.
Franchises were also granted to Miami (the Heat), Minneapolis-Saint Paul (the Timberwolves), and Orlando (the Magic).Originally, the new team was to be named the Charlotte Spirit, but another name-the-team contest yielded "Hornets" as the winning choice.
Gill led the club in scoring, with over 20 points per game.
As part of a deal with the city, the NBA promised that Charlotte would get a new team, which took the court two years later as the Charlotte Bobcats.In a 2008 interview with the Charlotte Observer, Shinn (who has not returned to Charlotte since the Hornets moved) admitted that the "bad judgment I made in my life" played a role in the Hornets' departure.
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