Charlotte Hornets point guard Devonte’ Graham is on his way to New Orleans, a league source confirmed.
Graham is part of a sign-and-trade that will send him to the Pelicans on a four-year, $47 million contract. The Hornets will receive a 2022 first-round pick in return, the source said.
On Sunday, the Hornets extended a qualifying offer to Graham, making him a restricted free agent in an already crowded guard rotation.
Charlotte drafted LaMelo Ball third overall in 2020, who eventually overtook Graham as the starting point guard, which moved Terry Rozier to more of a full-time shooting guard. In New Orleans, Graham has the opportunity to be a starter again after the Pelicans sent Lonzo Ball (LaMelo’s older brother) to the Chicago Bulls on Monday night.
The Hornets drafted Graham, 26, in the second round of the 2018 NBA draft out of Kansas. He had a breakout year during the 2019-20 season, averaging 18.2 points and 7.5 assists while shooting 37.3% from 3.
He averaged 14.8 points and 5.4 assists during the 2020-21 season.
The Hornets entered free agency with four free agents: Graham, Malik Monk, Cody Zeller and Bismack Biyombo.
Zeller reportedly signed a one-year deal with the Portland Trailblazers, while Monk is on his way to the Los Angeles Lakers.