Reggie Jackson and the Charlotte Hornets will likely agree to a contract buyout, sources tell Shams Charania of The Athletic.

The Hornets traded for Jackson from the Los Angeles Clippers at the deadline.

Jackson will be one of the top point guard options on the buyout market and he will prioritize playing for a contender. 

Chris Haynes of Bleacher Report indicated on Thursday evening that the Phoenix Suns and Jackson will likely have mutual interest.