<
>

Stephenson joins Hornets; had eye on Mavs

7/16/2014

The Mavericks had a two-year, $20 million offer on the table to Stephenson, contingent on the Houston Rockets matching their offer for forward Chandler Parsons. If Houston had matched, Stephenson would have signed with Dallas, sources said.

The two sides had a handshake agreement.

Instead, Stephenson is headed to Charlotte to play for the Hornets for the next three seasons. His contract is worth $27 million, league sources said.

The contract, which includes a team option for the final season, ends Stephenson's productive yet volatile four-year stay with the Indiana Pacers.