Jul 21, 2014 11:04 AM EDT
The Indiana Pacers' best offer for Lance Stephenson was reportedly $44 million over five years, but his camp was searching for a $55 million contract.
Stephenson eventually agreed upon a three-year, $27 million deal with the Charlotte Hornets.
"I really feel bad about losing him,'' Larry Bird said. "I hope it doesn't interfere with our relationship. But I did what I could possibly do to keep him here. Even if he didn't have any other offers, I was committed to giving him that $44 million because I believe in the kid. If you look at our roster, we have five or six guys in the last year of their deals, plus David (West) and Roy (Hibbert) can opt out, so don't you think I wanted to keep Lance and Paul (George) locked into long-term deals?''
Stephenson's agent, Alberto Ebanks, reportedly called Bird several days after the initial offer and said that the $44 million would be too low.
"I don't think this is going to work. I don't believe you have the money available to re-sign Lance.''
Jul 18, 2014 11:17 AM EDT
Free agent guard Jannero Pargo will re-sign with the Charlotte Hornets on a fully guaranteed one-year, $1.45 million deal, a league source told RealGM.
Pargo has spent the past two seasons with Charlotte, joining the team on a 10-day contract in March of 2013. In 29 games last season, Pargo averaged 4.7 points and 1.8 assists.
A 10-year NBA veteran, Pargo is a reliable reserve for competing teams. The 34-year-old has averaged 6.4 points and 35.5 percent three-point shooting while playing with the Los Angeles Lakers, Chicago Bulls, Toronto Raptors, New Orleans Pelicans, Atlanta Hawks, Washington Wizards and Hornets.
Jul 16, 2014 7:20 AM EDT
Free agent shooting guard Lance Stephenson has agreed to a three-year, $27.5 million contract with the Charlotte Hornets, a league source told RealGM.
Stephenson met with Michael Jordan, Rich Cho, Steve Clifford and other team officials in Las Vegas on Tuesday night, when the Hornets delivered him a contract offer. Stephenson’s contract will have the annual salary structure of $9 million in Years 1 and 2 and $9.5 million in Year 3, a source said. The third season is a team option.
With the Indiana Pacers, Stephenson blossomed into an effective all-around player and provided an ideal complement to Paul George, Roy Hibbert and David West. His suitors came and went throughout free agency and his dialogue with the Pacers’ front office diminished, leaving an uncertainty about whether their five-year, $44 million deal was still available.
Stephenson heard pitches from the Detroit Pistons and Milwaukee Bucks early in free agency and held fluctuating conversations with the Los Angeles Lakers and Chicago Bulls. Stephenson had been in the process of finalizing a possible deal with the Mavericks before the Houston Rockets decided to allow Chandler Parsons to follow through on his offer sheet in Dallas, sources told RealGM.
The Charlotte Observer first reported that Stephenson reached an agreement with the Hornets.
In his meeting with Charlotte, Stephenson became impressed by the organization’s direction and intrigued about a pitch on his offensive role. The Hornets have searched for an infusion of talent and emerged as a viable option once Gordon Hayward remained with the Utah Jazz.
Stephenson, 23, averaged 13.8 points, 7.2 rebounds and 4.2 assists for the Pacers in 2013-14 and his loss damages their ability to recover from a staggering close to the season. He had been part of distracting on-court antics in the playoffs, but had remained productive and had Larry Bird willing to accept a larger role in his growth.
For Stephenson, the Year 1 salary played a major role between the Hornets and Pacers offers, a difference of nearly $1.5 million. Now, he’ll face the challenge of fitting in a fresh locker room and blending within a diverse talent group.
Indiana chose Stephenson with the 40th overall pick in the 2010 NBA draft. In four seasons, he averaged 9.1 points, 4.4 rebounds and 3.1 assists.
Jul 15, 2014 10:29 PM EDT
The Charlotte Hornets are now exploring the possibility of signing Lance Stephenson.
The Hornets have previously signed Gordon Hayward and Marvin Williams this offseason. Hayward's offer sheet was eventually matched by the Utah Jazz.
The Hornets have enough cap space remaining to offer a starting salary at approximately $10 million per season.
The Indiana Pacers haven't budged from their offer of a four-year deal starting at $7 million.
Stephenson was an All-Star candidate this past season.
Jul 14, 2014 1:51 PM EDT
The Chicago Bulls have agreed to re-sign Kirk Hinrich.
Hinrich also drew interest from the Charlotte Hornets.
Hinrich is expected to sign for more than the veteran's minimum, with the Bulls having the "room exception" of $2.7 million available after Carlos Boozer is amnestied.
Jul 13, 2014 3:52 PM EDT
Brian Roberts has agreed to sign with the Charlotte Hornets on a two-year, $5.5 million deal.
Roberts is a 28-year-old point guard out of Dayton who most recently played for the New Orleans Pelicans.
Roberts initially emerged in Germany playing for Brose Baskets.
Jul 12, 2014 2:04 PM EDT
The Charlotte Hornets will next pursue Lance Stephenson with their cap space that was earmarked for Gordon Hayward before their offer sheet was matched by the Utah Jazz.
The Indiana Pacers have a five-year, $44 million offer on the table to Stephenson.
The Dallas Mavericks may also get involved with Stephenson depending on what the Houston Rockets decide to do with the Chandler Parsons offer sheet.
Jul 12, 2014 11:57 AM EDT
The Utah Jazz have notified the Charlotte Hornets that they have matched the four-year, $63 million max contract offer sheet signed by Gordon Hayward.
The contract includes a player option for the fourth year and a 15 percent trade kicker, league sources told Yahoo Sports.
Utah and Hayward had been unable to reach agreement on a contract last fall.
Jul 11, 2014 4:09 PM EDT
The Cleveland Cavaliers and New Orleans Pelicans have agreed upon a trade involving Alonzo Gee.
The Cavaliers previously had a trade agreed upon with the Charlotte Bobcats involving Gee.
Gee's $3 million non-guaranteed contract will be waived to allow the Pelicans to compete their Omer Asik trade with the Houston Rockets.
Brendan Haywood will still eventually come to the Cavaliers from the Hornets.
Jul 09, 2014 8:53 PM EDT
Free agent Anthony Tolliver has been in substantial conversations with six NBA teams – including the Los Angeles Clippers and Cleveland Cavaliers – as a stretch-forward addition, league sources told RealGM.
Tolliver has also received interest from the Detroit Pistons, Washington Wizards, San Antonio Spurs and Charlotte Hornets among other organizations, sources said, and teams expect a possible signing next week.
For a playoff team in Charlotte, Tolliver averaged 6.1 points and 2.6 rebounds while shooting 41.3 percent from three-point range. He developed a strong relationship with coach Steve Clifford and a leadership role within the Hornets’ locker room.
Tolliver, 29, has averaged 6.1 points and 3.7 rebounds over six NBA seasons with the Spurs, Golden State Warriors, Portland Trail Blazers, Minnesota Timberwolves, Atlanta Hawks and Hornets. After four collegiate years at Creighton, Tolliver broke into the NBA through the Development League, solidified a niche as a shooter and earned a position in the players’ union.
Tolliver once scored 12.3 points and grabbed 7.3 rebounds per game for the Warriors in 2009-10.
Charlotte Hornets Archives
Gordon Hayward has agreed to an offer sheet with the Hornets.
Jul 07, 2014 | Marc Stein/ESPN
Josh McRoberts could possibly be had at the mid-level exception.
Marvin Williams is solidly in line to reach a contract agreement after the top free agents sign.
Gordon Hayward is friends with Al Jefferson after their stint playing together.
The Bulls, Lakers and Hornets are believed to also be interested in Lance Stephenson.
The Hornets have traded the draft rights to Dwight Powell and Brendan Haywood to the Cavaliers.
Noah Vonleh has been working on extending his range as an adjustment to the NBA and he believes he fits in very well with Charlotte’s current roster.
Jun 26, 2014 | Chad Ford/ESPN
The Hornets are firmly focused on acquiring shooters this offseason.
Josh McRoberts has decided to decline his player option for the 2014-15 season.
Rich Cho will remain general manager and assume responsibility for the team's basketball operations from Rod Higgins.
Mark Price spent last season as an assistant coach with the Charlotte Bobcats/Hornets.
The Hornets have at least $13 million in space under the salary cap.
Creighton’s Doug McDermott, Michigan State’s Gary Harris and Michigan’s Nik Stauskas all shot 40 percent or better from the college 3-point line last season.
Joakim Noah was named to his first All-NBA First Team.
Jun 03, 2014 | Chad Ford/ESPN
The idea of a lottery pick in this year's draft being available in trade talks is a surprising development, but several teams appear amenable to a deal.
Gerald Henderson’s wrist will be immobilized for approximately two weeks before he begins rehabilitation.
Bob Meyer is currently an assistant coach to Steve Clifford with the Hornets.
Josh McRoberts will sit out basketball activities for at least the next four weeks.
Apr 29, 2014 | Marc Stein/ESPN
Steve Clifford is believed to be fond of Arron Afflalo and Jameer Nelson.
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Al Jefferson has dealt with a plantar fascia injury.
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