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Hornets sign Lance Stephenson

Updated: July 16, 2014, 6:55 PM ET
By Chris Broussard | ESPN The Magazine

Free-agent guard Lance Stephenson will play for the Charlotte Hornets for the next three seasons. His contract is worth $27 million, league sources said.

The deal was signed early Wednesday morning after Hornets owner Michael Jordan, general manager Rich Cho, head coach Steve Clifford and associate head coach Patrick Ewing met with Stephenson and his representatives Tuesday night in Las Vegas.

The contract, which includes a team option for the final season, ...

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