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P.J. Washington reportedly to re-sign with Hornets for three years, $48 million

P.J. Washington feels like a player on the cusp of a breakout season. If it happens, the Charlotte Hornets just got a steal.

Washington, a restricted free agent and arguably the best free agent on the market, has agreed to a three-year, $48 million contract to remain with the Hornets, a story broken by Adrian Wojnarowski of ESPN (and since confirmed by multiple others).

Restricted free agent F PJ Washington has agreed on a new three-year, $48 million contract to stay with the Charlotte Hornets, @LiftSportsMngmt agent Kevin Bradbury and Washington Sports Group’s Paul Washington Sr.