The New Orleans Hornets will soon become the first franchise ever owned by the NBA.

The league's plans to take over control of the Hornets are going ahead "100 percent" and the move will be publicly confirmed in the coming days, according to numerous sources.

After the stalled sale of the Hornets from longtime owner George Shinn to minority partner Gary Chouest collapsed for good in recently, NBA officials moved forward with their proposal to purchase operational control of the team.