The New Orleans team stated in 2013 that it will rebrand as the New Orleans Pelicans, thereby returning the Hornets' name, records, and formal history (from 1988 to 2002) to Charlotte. For the 2014–2015 NBA season, the Bobcats were officially renamed the Charlotte Hornets. The change was made to reflect the fact that the franchise is based in Charlotte rather than New Orleans. The Bobcats were one of four teams that moved from their original city before the start of the 2003 NBA season to new cities within their current states. The others are the Sacramento Kings, who moved to Seattle in 1968; the Vancouver Grizzlies, who moved to Memphis in 2001; and the Indiana Pacers, who moved to Indianapolis in 1976. The Bobcats played their first two seasons at the Pyramid Arena in downtown Charlotte before moving to the Charlotte Coliseum for the 1994-95 season. They have played their home games at Time Warner Cable Arena since 1998. The Bobcats were founded on April 13, 1972, by owner Walter Brown as an expansion team in the American Basketball Association. The team initially had difficulty attracting fans to its games due to its location more than 300 miles from New York City and Philadelphia, the other two existing ABA teams that would later join the NBA. After finishing with a record of 24-58 in their first season, the Bobcats won their first game against the Virginia Squires on April 20, 1973.