Despite all their off season moves, during which the Hornets have taken on an estimated $143 million in salary, General Manager Jeff Bower said they're still not done.
They want to add a third point guard, because new acquisition Bobby Jackson likely will split time at point guard and shooting guard.
The Hornets have also reached an agreement to re-sign Rasual Butler, their top 3-pointer shooter last season.
"In order to put ourselves in position to be a playoff team we had to do something big," Bower said. "We had all the stats after the spring, and we looked at our team and looked at the opportunities to be a playoff team. When you talk about the division that we're in with Houston, Dallas, San Antonio and Memphis, those teams have been playoff teams the last four years."