Source: Charlotte Hornets’ Mark Price agrees to become Charlotte 49ers coach

Charlotte Hornets assistant coach Mark Price agreed to terms overnight Tuesday to become head coach of the Charlotte 49ers’ men’s basketball program, an informed source told the Observer.

Price, 51, will replace Alan Major, who left the position about two weeks ago. Price has been an assistant with the Hornets the past two seasons. His most high-profile accomplishment in that span was improving the highly flawed jump shot of small forward Michael Kidd-Gilchrist.

Price’s college experience is limited to a brief stint as an assistant coach with Georgia Tech. He has been an NBA assistant with the Orlando Magic, Memphis Grizzlies, Atlanta Hawks and Golden State Warriors.

Price was one of the NBA's top point guards in his era, with multiple All-Star appearances as a Cleveland Cavalier. The Cavs interviewed Price for their head-coaching opening last summer.

ESPN.com reported Tuesday that the 49ers had offered Price a five-year contract. An informed source told the Observer early Wednesday that the two sides have agreed to terms.

This story was originally published March 25, 2015 at 8:14 AM with the headline "Source: Charlotte Hornets’ Mark Price agrees to become Charlotte 49ers coach."