Skip to content

Report: Charlotte Hornets to sign Lance Stephenson to three-year contract

Jul 16, 2014, 6:14 AM EST

UPDATE 11:11 am: Lance Stephenson‘s representative Alberto Ebanks released this statement to the Indy Star about the decision, which makes it seem it was less about the money and more about the years.

“Lance is forever grateful for all the love he’s received from Pacers fans. He is especially grateful to his teammates, Frank Vogel, Herb Simon. the Pacers management and, most of all, Larry Bird. While we tried our best to come to the best possible terms for both sides there was not sufficient flexibility in the terms of the contract, particularly the length of the contract. Reports throughout the negotiation process with Indiana have often strayed from the truth but suffice it to say that it was less about the money. Lance will miss the city, the team and the mentor who helped transform him into the dynamic player he has become. He looks forward to making a strong contribution and beginning a new chapter with the Charlotte Hornets.”

His teammates were not thrilled to hear the news they lost one of their team’s best players.

6:14 am: Michael Jordan’s team had built up a nice foundation in the East last season, but they needed to become more dynamic on offense to take the next step.

They just did that.

Or at least took a gamble on it — and if you’re in Charlotte you need to take a few gambles to bring in stars.

The Charlotte Hornets have landed the best free agent still on the market in Lance Stephenson, reaching a three-year deal with the unrestricted free agent from Indiana. Rick Bonnell of the Charlotte Observer broke the story basically in the middle of the night (early Wednesday morning, to be specific).

Other reports say this works out to three years, $27 million total (if the team picks up that third year). That is more per year than the five-year, $44 million offer Larry Bird and the Indiana Pacers threw at Stephenson. For Stephenson this new deal lacks the security or guaranteed money of the Indiana offer, but he had felt insulted by what he thought was a low-ball offer from the Pacers and was looking for someone else to step up. He found it. Sort of.

For Charlotte, they limit their exposure to the talented but immature Stephenson by keeping this a two-year deal if they don’t pick up the option.

This is a great fit on the court for the Hornets, who count on Kemba Walker at the point to create offense and Al Jefferson in the paint to put up numbers. Stephenson both brings another shot creator and a good defender to a team that made the playoffs last season based on its defense.

Stephenson averaged 13.8 points, 7.2 rebounds and 4.6 assists a game last season and when on can both can create shots for himself and others with his attacking, aggressive style. He doesn’t tend to do it efficiently all the time and that aggressive style can turn wild and reckless. Then there’s also the guy that blows in LeBron James’ ear.

If he matures on the court, this could be the steal of free agency. If not, the Hornets can get out of this deal early.

The Pacers, already over the salary cap, are going to have a hard time replacing Stephenson’s shot creation. That was an at times stagnant offense that just got much more so. Larry Bird has some real work to do now.

Latest Posts
  1. Damian Lillard on flagrant foul from Bulls’ Mike Dunleavy: ‘It was a cheap play’

    Nov 22, 2014, 8:30 PM EST

    Chicago Bulls v Portland Trail Blazers Chicago Bulls v Portland Trail Blazers

    Dunleavy says he was just trying to foul to stop the clock. Watch and decide for yourself.

  2. Dwight Howard out vs. Mavericks Saturday, no timetable for his return

    Nov 22, 2014, 7:06 PM EST

    San Antonio Spurs v Houston Rockets San Antonio Spurs v Houston Rockets

    With him and starting power forward Terrence Jones out, the Rockets are very thin up front.

  3. Brandon Jennings on reason for Pistons’ offensive woes: ‘We don’t shoot in practice’

    Nov 22, 2014, 6:30 PM EST

    Brandon Jennings AP

    Detroit is next to last in field goal percentage on the season.

  4. NBA corrects scoring error from Raptors’ win over Bucks

    Nov 22, 2014, 5:00 PM EST

    Milwaukee Bucks v Brooklyn Nets Getty Images

    Toronto won by 42 points, so this only matters if you had a certain Milwaukee player on your fantasy team.

  5. If Derrick Rose not ready to return by Monday Bulls may add point guard to roster

    Nov 22, 2014, 3:30 PM EST

    US-BKN-NBA-BULLS-CLIPPERS US-BKN-NBA-BULLS-CLIPPERS

    Mike James or Will Bynum could be added to the roster for a short stint.

  6. Eric Bledsoe on flagrant foul he took from Nerlens Noel: ‘They did it on purpose’

    Nov 22, 2014, 2:00 PM EST

    Phoenix Suns v Philadelphia 76ers Phoenix Suns v Philadelphia 76ers

    Bledsoe says the Sixers warned him before the game that he would be targeted for his previous comments.

  7. Report: Kevin Durant, Russell Westbrook could return to Thunder lineup next week

    Nov 22, 2014, 11:00 AM EST

    Kevin Durant, Russell Westbrook AP

    Both are expected to participate in parts of Saturday’s practice.

  8. Pacers coach Frank Vogel: ‘very unlikely’ that Paul George plays this year

    Nov 22, 2014, 8:00 AM EST

    Paul George Paul George

    George is trying to get back on the court before the season is finished.

  9. Eric Bledsoe takes a shot to the face on first possession against Sixers (VIDEO)

    Nov 21, 2014, 10:45 PM EST

    Phoenix Suns v Los Angeles Clippers Getty Images

    Bledsoe said yesterday that Philadelphia would lose to a college team.

  10. Dwight Howard has plasma therapy (Kobe therapy) on right knee

    Nov 21, 2014, 9:46 PM EST

    Dwight Howard Dwight Howard

    He will not play against the Mavericks, at least.

  11. Michele Roberts: NBA agreed to work with union before attempt to ‘prove its toughness’ with Jeff Taylor suspension

    Nov 21, 2014, 7:30 PM EST

    Michele Roberts, the Executive Director of National Basketball Players Association Michele Roberts, the Executive Director of National Basketball Players Association

    National Basketball Players Association executive director: NBA ‘chose to bend to the pressure it feels from the current media spotlight’

  12. Al Michaels tells story of how Doc Rivers was almost Lakers coach in 2004-05

    Nov 21, 2014, 5:59 PM EST

    Any story that includes a chance meeting and conversation with Jerry Buss outside a men’s restroom is going to be golden.

Featured video

Can Rockets, Grizzlies keep up hot starts?
Top 10 NBA Player Searches
  1. D. Rose (7884)
  2. D. Wade (7222)
  3. K. Durant (6551)
  4. P. Gasol (5755)
  5. R. Westbrook (5469)
  1. T. Jones (5266)
  2. O. Asik (5106)
  3. R. Gay (5093)
  4. D. Howard (4855)
  5. N. Young (4721)