Free agent wing Kelly Oubre Jr. and the Charlotte Hornets are finalizing an agreement on a multiyear deal, league sources told Yahoo Sports.
The final numbers are still being ironed out, but his annual salary is expected to exceed $12 million, sources said.
In a free agent landscape in which cap space is drying up, Oubre Jr. is securing one of the few remaining deal structures that is above the midlevel exception of $9.5 million.
Oubre Jr., 25, will be in prime position for major payday at the conclusion of this deal as he’ll only be in his late 20s.