NEWS OF THE MORNING
Report: Hornets, Stephenson reach deal | Reports: Wolves, Warriors renew Love trade talks | Parsons clarifies comments about Houston | ‘The Greek Freak’ at point guard? | Silver: Clips sale may not happen soon
No. 1: Report: Stephenson headed to Hornets — The Charlotte Hornets opened free agency by taking a big swing at landing restricted free-agent swingman Gordon Hayward of the Jazz, but Utah matched the Hornets’ offer sheet last weekend. Swing No. 2 appears to be a success for the Hornets this time, though, as they have agreed to terms on a three-year deal with Indiana Pacers standout (and unrestricted free agent) Lance Stephenson, as first reported by Rick Bonnell of the Charlotte Observer. This marks a big loss for the Pacers — who had the best record in the East last season — but there had been talk that contract negotiations between Stephenson and Indiana had broken down of late. Bonnell has more on the move for Charlotte:
Following an all-night negotiating session, the Charlotte Hornets have come to an agreement to sign Indiana Pacers shooting guard Lance Stephenson, the Observer has learned.
Under terms of the agreement, Stephenson will make $9 million in 2014-15 and $9 million in 2015-16. Stephenson will get a slight raise in 2016-17 if the Hornets pick up the team option.
Stephenson fills an obvious need, as the Hornets were weak offensively at the shooting guard and small forward positions. The 6-foot-5 Stephenson had a breakthrough season statistically, 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, he has a quirky personality that seems to have limited his market when he became an unrestricted free agent July 1.
The Pacers had offered Stephenson $44 million over five seasons, and reportedly did not come off that number. Stephenson thought he was worth considerably more.
But the question becomes how Stephenson’s quirkiness might play out once he signs a lucrative contract extension. He famously blew in opponent LeBron James’ ear in the playoffs. He was fined for flopping this season and was charged with 14 technical fouls, fourth-most in the NBA.
It is not the Hornets’ habit to take frequent risks on high-maintenance players. Trading for Stephen Jackson worked out for two seasons before they traded him on to the Milwaukee Bucks. Now they have drafted P.J. Hairston, a player who lost his NCAA eligibility over improper benefits and who recently was cited for punching a teenager during a pickup game at a Durham YMCA.
Hornets owner Michael Jordan has said one of his team’s greatest strengths last season was the character of the players on the roster. Did that embolden the front office to pursue Stepehenson? Is Stephenson now a threat to that chemistry?
Certainly the Hornets faced competitive pressure in the Eastern Conference. The Cleveland Cavaliers improved dramatically with the addition of James, so that’s a non-playoff team in the East that now looks like a post-season lock. While the Heat lost James, they weakened the Hornets with the signing of Josh McRoberts.
It’s possible the Hornets would have struggled just to make the playoffs this season without upgrading the roster with a move like Stephenson.