Report: Lance Stephenson signs deal with Charlotte Hornets

Lance Stephenson of the Indiana Pacers watches a free throw against the Chicago Bulls during action on October 5, 2013
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The Charlotte Hornets agree terms with shooting guard Lance Stephenson as the 23-year-old turns down an offer from the Indiana Pacers, according to a report.

Free agent shooting guard Lance Stephenson has signed for the Charlotte Hornets, according to a report.

The 23-year-old was available on the market after failing to come to terms with the Indiana Pacers over a new deal with the club, despite receiving a lucrative offer.

Stephenson has now penned a three-year contract with the Hornets worth $27m (15.7m), reports ESPN.

The guard averaged 13.8 points a game for the Pacers last season.

Lance Stephenson of the Indiana Pacers watches a free throw against the Chicago Bulls during action on October 5, 2013
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