Charlotte, NC, United States (4E Sports) – The Charlotte Hornets scored their biggest free-agent acquisition in the offseason, signing shooting guard Lance Stephenson to a three-year deal reportedly worth $27 million.
Under terms of the agreement, Stephenson will make $9 million in 2014-15 and $9 million in 2015-16. He will get a slight raise in 2016-17 if the Hornets pick up the team option.
The 6-foot-5 Stephenson had a breakthrough year with the Indiana Pacers last season, averaging 13.8 points, 7.2 rebounds and 4.7 assists. He also shot 49 percent from the field and 35 percent from 3-point range.
However, his quirky personality limited his market when he became an unrestricted free agent July 1.
The Hornets met with Stephenson’s representatives Tuesday night in Las Vegas, where the team is playing in summer league. Stephenson got slightly more money per season by coming to Charlotte, but for fewer guaranteed years.
The Pacers tried to keep Stephenson by offering a five-year-deal worth $44 million. However, Stephenson thought he was worth considerably more.
“Indy, I had a great 4 years. Thank you Larry Bird, the fans, my coaches and teammates for the incredible experience,” Stephenson tweeted.
“I will never forget any of you! I now have to look to the next phase of my career and the wonderful opportunity to continue to grow as a player and as a person in Charlotte! I’m excited to play for this franchise and the fans!! #buzzcity” he added.