Pargo needs more knee rehab

It was just last week that we were writing about Jannero Pargo's close relationship with Hornets star Chris Paul, which theoretically provided Pargo with a level of stature that the overwhelming majority of players on a minimum-salary contracts don't have.

The news Tuesday that the Hornets were suddenly waiving Pargo, as a result, was greeted with widespread surprise.

But Pargo's agent, Chicago-based Mark Bartelstein, told ESPN.com that his client's release after just a week of training-camp practices was a "mutual decision."

For all his undeniable closeness to Paul -- he had been living at the All-Star's house in New Orleans since signing with the Hornets -- Pargo needs more rehabilitation time to strengthen his surgically repaired right knee.

Bartelstein said Pargo plans to spend the next three to four weeks focused strictly on rehab, at which point they are expected to revisit the possibility of signing with the Hornets in addition to talking to other teams.

One source with knowledge of New Orleans' thinking told ESPN.com that Pargo's return to the Hornets when fully healed has indeed been discussed already.

"Don't be surprised," said the source.

With the Hornets conscious of their proximity to luxury-tax territory -- which compromised their ability to outbid Golden State for free-agent power forward Louis Amundson last month -- carrying players unable to play at full speed isn't financially feasible.