The Hornets are finalizing a multi-year contract extension with coach James Borrego, according to ESPN's Adrian Wojnarowski.
Borrego, who became the league's first Latino head coach when he took over for the Hornets' in 2018, had one year left on his four-year deal with the team.
Heading into his fourth season in Charlotte, Borrego leads a Hornets' team dealing with significant injuries, but a developing roster that includes Rookie of the Year LaMelo Ball as well as this year's draft picks in James Bouknight, Kai Jones, JT Thor and Scottie Lewis.
Hornets general manager Mitch Kupchak moved up to acquire Jones in the first round and Thor in the second.