Lance Stephenson has signed a three year, $27 million contract with the Charlotte Hornets, according to ESPN.
ESPN is reporting the deal was signed early Wednesday after Hornets owner Michael Jordan, general manager Rich Cho, head coach Steve Clifford and associate head coach Patrick Ewing met with Stephenson and his representatives late Tuesday night in Las Vegas.
The contract, which includes a team option for the final season, ends Stephenson’s time with the Indiana Pacers.
The Pacers had offered Stephenson a five-year, $44 million contract on July 1. But Stephenson, who led the league in triple-doubles, felt fewer years would allow him to prove himself and earn a bigger contract.