Restricted free agent forward P.J. Washington has agreed on a new three-year, $48 million contract to stay with the Charlotte Hornets, Lift Sports Management agent Kevin Bradbury and Washington Sports Group's Paul Washington Sr. told ESPN on Saturday.
Washington, 25, was the league's final unsigned restricted free agent this summer.
The agreement avoids a second Hornets forward signing a qualifying offer and becoming eligible for unrestricted free agency in 2025 -- something forward Miles Bridges did in July.
Washington averaged career-highs in points (15.7) and three-pointers (2.0) per game last season.