Friday July 18th, 2014

The Charlotte Hornets have re-signed point guard Jannero PargoPargo's agency confirmed. reports that Pargo's deal is for one year and $1.5 million.

Pargo, 34, joined the team mid-season in 2012-13. He played in 29 games for Charlotte last year, averaging 4.7 points and 1.8 assists per game.

The Hornets have made changes at several key positions offseason. They signed Lance Stephenson to a three-year, $27 million contract after the Utah Jazz matched their offer sheet to small forward Gordon Hayward.

The Hornets also lost power forward Josh McRoberts when he agreed to a four-year, $23 million contract with the Miami Heat.

Charlotte finished last season 43-39 before losing to the Heat in the first round of the playoffs in a four-game sweep.

MORE NBA COVERAGE: NBA free agency: Eric Bledsoe, Greg Monroe best available players Grading Cavs' deal for Mike Miller, more smaller moves

- Paul Palladino

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