CHARLOTTE, N.C. (AP) — The Charlotte Hornets have agreed to a three-year, $48 million contract with starting forward P.J. Washington, a person familiar with the situation told The Associated Press.
The person spoke to the AP on condition of anonymity Saturday because the deal is not expected to be signed and become official until early next week.
ESPN was first to report the deal.
The 25-year-old Washington was a restricted free agent and his new deal prevents him from hitting the unrestricted free agent market next summer.
The 12th pick in the 2019 draft, Washington has spent all four seasons with the Hornets following his career at Kentucky.