Hornets president Hugh Weber confirmed Wednesday the team will receive about $7 million in state aid.

The clause is part of the Hornets’ lease agreement with the state and gives the team assurances of reaching certain revenue benchmarks.

“The revenue calculations were intended for the regular season,” said Weber. “There’s a whole series of pulleys and levers that say if you don’t make the number, or have maxed out the number, then there’s an application for after expenses. (Playoff earnings) has a very minimal effect on the revenue.”

In the current lease with the state, the revenue benchmark stipulates the state will have to pay the Hornets inducements not exceeding $7.5 million at the end of the season if the team doesn’t gross at least $43.6 million, which is 80 percent of its gross revenue for all potential ticket sales.