Malik Monk has been suspended indefinitely by the NBA for violating the league's anti-drug program.

Monk is in his third season with the Charlotte Hornets and is averaging 10.3 points in 55 games.

Monk's reinstatement will be determined by when he is full compliance with the program. 

"The Charlotte Hornets are disappointed in Malik’s decision making that resulted in his suspension," said the Hornets in a statement. "As an organization, we do not condone his behavior. However, we are committed to supporting Malik during this time."

The Charlotte Hornets have signed guard Joe Chealey to a 10-day contract. 

Undrafted in the 2018 NBA Draft, Chealey signed with the Charlotte Hornets and was converted to a two-way contract on Oct. 13, 2018. After becoming a free agent on July 1, 2019, Chealey returned to the Hornets but was later waived on Oct. 13. He has spent the 2019-20 season with the Greensboro Swarm of the NBA G League.

The Charlotte Hornets are close to buying out Michael Kidd-Glichrist's contract, league sources told Adrian Wojnarowski and Tim MacMahon of ESPN.

The Mavs have emerged as a potential landing spot for Kidd-Gilchrist, according to ESPN.

Kidd-Gilchrist is averaging 4 points in 12 games this season.

Marvin Williams Jr. and the Charlotte Hornets have agreed to a buyout.

Williams was on a $15 million expiring contract and will clear waivers to become an unrestricted free agent.

Williams has been with the Hornets since 2014 and will give a contending team frontcourt versatility. 

Shams Charania of The Athletic reports Williams plans to sign with the Milwaukee Bucks once he clears waivers.

The New York Knicks and Charlotte Hornets have discussed a deal centered around Julius Randle, league sources told Ian Begley of SNY.

SNY adds that Terry Rozier, Malik Monk and Dennis Smith Jr.'s names have all been brought up in trade discussions.

The Knicks attempted to sign Rozier last offseason.

Though it is not clear how much traction these trade discussions have gained, the two sides have been in recent contact.

The Los Angeles Lakers and Charlotte Hornets have expressed interest in Bogdan Bogdanovic.

Bogdanovic will be a restricted free agent this offseason and it is unclear how he fits into the long-term plans of the Sacramento Kings.

Bogdanovic would be a natural fit for the Philadelphia 76ers, but they have not held substantive talks with the Kings.

The Kings are likely to get at least a first round pick in value for Bogdanovic should they trade him.