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Sources: Hornets president Mitch Kupchak moving to advisor role

Charlotte Hornets president of basketball operations Mitch Kupchak is stepping down to become an organizational advisor, clearing the way for the franchise to begin an immediate search for a new head of basketball operations, sources told ESPN on Monday morning.

There's an expectation that new owners Rick Schnall and Gabe Plotkin will hire a new top basketball executive prior to the end of the regular season, which will allow Kupchak to remain in his day-to-day role until his successor is on board, sources said.

Kupchak, 69, would be completing a remarkably successful career that included 10 championships as a front office executive and player.