ESPN’s Adrian Wojnarowski added that it is a two-year, $10M deal.
The 36-year-old Parker has spent the first 17 seasons of his career with the Spurs, winning four titles along with the likes of Tim Duncan, Manu Ginobili and Kawhi Leonard. As he got older, however, his role continued to lessen, until the Spurs apparently decided this summer that it wasn’t worth bringing him back.
After returning from a quad injury, he played 55 games last season, but averaged career-low numbers with 7.7 points and 3.5 assists per game. In addition, Parker’s public complaints about Leonard’s injury were reportedly thefor Leonard, who now wants out of San Antonio.
You can see why the Hornets made this move, as they needed point guard depth behind Kemba Walker and Parker isn’t a bad option. However, $10M guaranteed is a lot of money for someone of Parker’s caliber.
Still, even though it makes sense why the Spurs have moved on, it’s going to be strange to see Parker in a uniform other than the black and white of the Spurs.