The Hornets have decided to accept a loan offered to several teams by the NBA, despite a successful season at the ticket office.

New Orleans has enjoyed their best attendance since they moved from Charlotte in 2002.

"We accepted the loan that the NBA made available to all its teams to keep our options open in case these funds are needed in the future," Hornets president Hugh Weber said in a statement to the Associated Press.

The Hornets have sold out 22 games this season, but will take advantage of money the league allocated for struggling clubs.

"We are experiencing unprecedented success in ticket sales and sponsorships and by no means was this loan acquired to subsidize our daily operating expenses," Weber said.

The NBA put together a $200 million line of credit, with between $13 million and $20 million made available to teams expressing interest in the funds.

Via ESPN

New Orleans Hornets

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