The Charlotte Hornets have re-signed point guard Jannero Pargo, Pargo's agency confirmed. RealGM.com 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.
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Childish antics kept Stephenson from max deal
On Wednesday's SI Now, Sports Illustrated writer Ben Golliver talks about the possible huge mistake Larry Bird made by letting Lance Stephenson go, the Hornets chemistry, and how undervalued Stephenson is.
- Paul Palladino