• Loading stock data...
Friday, February 6, 2026

Hornets Prepared to Pay Beyond City’s $30M for New Practice Facility

  • New ownership continues to spend money less than a year after buying the team from Michael Jordan.
  • Practice facility and arena renovations are supposed to be completed by 2026.
Charlotte Hornets
Jim Dedmon-USA TODAY Sports

The Hornets’ post–Michael Jordan era continues to bear fruit. 

In a determination to get a new downtown practice facility under new owners Gabe Plotkin and Rick Schnall, the Hornets said they are “fully committed” to the new building above the $30 million provided by the city in a new proposal. 

The proposal is part of a $275 million plan the Charlotte City Council approved in 2022 to help renovate the Spectrum Center and build a new practice facility. In January the Hornets unveiled renderings for Spectrum Center improvements, including adding 2,500 seats to the arena’s lower bowl and renovations to concessions, suites, lighting, and signage, among other focuses. 

Despite his greatness on the basketball court, Jordan was both unsuccessful and perhaps frugal as an owner. Plotkin and Schnall, who bought the team from His Airness in August, have wasted no time trying to spend money and strip the roster. The team acquired more draft assets early this month at the NBA trade deadline. Recently the franchise asked the city council, which first approved the proposal in 2022, to redirect half of the $60 million for the practice facility to arena renovations. The city council is expected to vote on the measure in March. 

The $275 million plan helped keep the Hornets in the city through 2045. The practice facility is expected to be near the Spectrum Center in downtown Charlotte, and both the renovations and practice center are expected to be complete by ’26. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 23, 2026; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) drives for the basket against Denver Nuggets forward Spencer Jones (21) during the second quarter at Fiserv Forum.

Giannis Stays Put At NBA Trade Deadline While Clips, Bulls Rebuild

The Bucks will keep Antetokounmpo through the end of the season.
Dec 28, 2025; Washington, District of Columbia, USA; Washington Wizards mascot G-Wiz on the court against the Memphis Grizzlies during the second half at Capital One Arena.

Lakers Center Suspended for Pushing Wizards Mascot

The mascot was not injured after the incident.

Mavericks Deal Anthony Davis to Wizards One Year After Luka Trade

Trae Young and Davis are both extension-eligible with Washington. 
Feb 1, 2026; New York, New York, USA; Los Angeles Lakers forward LeBron James (23) drives to the basket against New York Knicks forward OG Anunoby (8) during the third quarter at Madison Square Garden.

NBC’s First ‘Sunday Night Basketball’ Draws Season-High Viewership

The NBA is averaging 1.85 million viewers this season.

Featured Today

Milan’s Olympic Village Is Built for Performance—and Partying

Making Milan’s Olympic Village was a five-year sprint.
February 5, 2026

Welcome to the Prediction-Market Super Bowl

Hundreds of millions of dollars are being traded across many platforms.
Feb 1, 2026; Santa Clara, CA, USA; New England Patriots players arrive prior to Super Bowl LX at San Jose Mineta International Airport.
February 3, 2026

Private Equity Has Reached the Super Bowl

The Patriots are one of four NFL teams with PE investment.
University of Southern California
January 31, 2026

College Athletic Departments Are Wooing Recruits With Content Studios

Schools are creating content studios to win recruits and donor dollars.
Sponsored

Paying a Premium: Super Bowl LX Is a Hot Ticket

Super Bowl LX ticket prices are among the highest of the decade. TickPick data breaks down demand, pricing trends, and where fans are buying.
February 4, 2026

Manfred, DeSantis Support Rays Stadium, Funding Questions Persist

Hillsborough County, Fla., enters a “framework” to negotiate with the team.
February 4, 2026

NFL: Super Bowl Field Standards Won’t Repeat Previous Slip-Ups

An elevated set of field standards is already showing benefits.
Sponsored

Paying a Premium: Super Bowl LX Is a Hot Ticket

Super Bowl LX ticket prices are among the highest of the decade. TickPick data breaks down demand, pricing trends, and where fans are buying.
February 1, 2026

Australian Open Attendance Boom Fuels Ambitions, Fan Frustrations

Despite rising fan complaints, event organizers are thinking much bigger.
January 29, 2026

Royals Stadium Plans Hit Suburban Dead End, Push Back Downtown

Two more suburban options have been eliminated in the long-running site search.
January 27, 2026

NFL Stadium Designers Battle to Win $3B Chiefs Project

The NFL team is choosing between two locally based firms to design its stadium.
January 21, 2026

Rays Stadium Saga Clears Hurdle Toward New Tampa Development

The MLB club makes a major step toward a Tampa-based ballpark.