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NBA Draft 2012: New Orleans Hornets Win The Lottery, Land No. 1 Overall Pick

During a televised special before Wednesday's Heat-Celtics game, the New Orleans Hornets won the lottery to receive the No. 1 overall draft pick in the upcoming draft. New Orleans had a 13.7 percent chance of landing the pick, and the Hornets now come away with the first pick for the second time in franchise history.

Related: Complete 2012 NBA Draft Order

After being sold by the NBA to a new owner earlier this year, the Hornets got another major stroke of luck on Wednesday. Landing the No. 1 pick in the draft essentially guarantees that the Hornets will soon add Kentucky center Anthony Davis soon, giving the team a brand new cornerstone after trading Chris Paul before last season.

The final order of the first five picks in the draft is the Hornets, Charlotte Bobcats, Washington Wizards, Cleveland Cavaliers and Sacramento Kings. The Hornets last had the No. 1 overall pick in 1991 when they selected forward Larry Johnson from UNLV.

For updates, stay tuned to SB Nation Chicago. For more coverage of the NBA as the draft approaches, check out SB Nation's NBA news hub.