NEW ORLEANS (AP) -Free agent Jannero Pargo agreed to a two-year contract with New Orleans as a backup guard.
Pargo's agent, Mark Bartelstein, told the Associated Press by phone Friday that the deal is worth nearly $4 million with a player option in the second year.
Hornets officials did not immediately respond to a message seeking comment about Pargo's new contract.
Pargo averaged 9.2 points and 2.5 assists in the 2006-07 season, then opted out of his two-year contract in June to become an unrestricted free agent.
He was hoping for a four-year deal worth more than the $1.08 million he made last season. He ended up with only half as long a contract, but did get the raise.
``He wanted to come back,'' Bartelstein said of the five-year veteran. ``He likes the direction they're going. He really enjoyed his role and hopes to expand on it this year. He's also excited about going down to New Orleans and hopefully creating lot of positives with the rebirth of the city down there.''
The Hornets narrowly missed the playoffs last season despite missing top players to injury, including Peja Stojakovic, David West and Chris Paul, during long stretches.
All are expected to be healthy for the opening of the 2007-08 season. If they can stay that way, the Hornets are expected to contend for their first playoff berth since joining the Western Conference when the NBA realigned divisions before the 2004-05 season.
This season will also mark the beginning of the Hornets' full-time return to New Orleans since the franchise was displaced to Oklahoma City by Hurricane Katrina, which struck before the 2005-06 season.

Featured Picks From The Insiders

View All Picks
Advertisement

Top NBA Public Bets

#1 506 USA  63% Bet Now

NBA Top Stories

Thumbnail Tim Duncan retires The San Antonio Spurs lost their franchise player on Monday, as Tim Duncan elected to retire after an amazing 19-year...
Thumbnail Rockets give Harden an extension The Houston Rockets locked up their star player for years to come, announcing an extension with James Harden on...
Thumbnail OKC's title odds plummet without Durant Following the announcement that Kevin Durant will be signing with the Golden State Warriors, the Oklahoma City Thunder's NBA title...
Thumbnail Durant heading to Golden State The shoe finally dropped in the Kevin Durant sweepstakes, as he has elected to sign with the Golden State Warriors for next...
Thumbnail Warriors now 2/3 to win title with Durant The Golden State Warriors were already favored to win the 2017 NBA Finals championship, but their odds improved even more after...
More inNBA Articles  
Advertisement

Featured Picks From The Insiders

View All Picks

NBA Team Pages