The Associated Press

The New Orleans Hornets decided to give Tim Floyd a chance to prove he is a better coach than his disastrous NBA debut with the Chicago Bulls.

Floyd, whose 49-190 record with Chicago in three seasons left him with one of the lowest wining percentages in NBA history, reached an agreement with the Hornets on Monday.

Floyd said he will earn $4.8 million in base salary over three years, plus incentives tied to playoff victories, but added, "I didn't get back into this for the money."

Hornets vice president Bob Bass has long said it would be unfair to judge Floyd - a successful college coach - by his experience in Chicago in the Bulls' post-Michael Jordan era.

Last month, the Hornets decided not to renew the contract of Paul Silas, the franchise's career victory leader with a 208-155 record in three seasons. Silas was hired by the Cleveland Cavaliers.

ROCKETS: Jeff Van Gundy was in contract negotiations with Houston to become their coach two seasons after abruptly leaving the New York Knicks.

Rockets general manager Carroll Dawson said Van Gundy told him he wants the job Rudy Tomjanovich left last month.

LeBRON JAMES WATCH: The first chance to see Ohio high school phenom LeBron James play in a Cleveland Cavaliers uniform could come in Boston at the Celtics' summer league.

The Celtics will welcome the Cavs to their summer league July 14-20. James, expected to go to Cleveland as the first pick in the NBA draft, will attend, general manager Jim Paxson said.

CHARLOTTE: Owner Bob Johnson, who spent $300 million for the expansion franchise, selected "Bobcats" as the team's name.