NEW ORLEANS (AP) -Jannero Pargo, who agreed to terms with the New Orleans Hornets last week on a two-year contract, signed the deal Wednesday.
Pargo's agent, Mark Bartelstein, said the backup guard will earn $4 million. He has an option for the second year.
Pargo played for the Hornets last season after spending the first four years of his NBA career with the Chicago Bulls, Los Angeles Lakers and Toronto Raptors.
``We're very pleased to re-sign Jannero due to his ability to provide instant offense off the bench and how he fit in with our team,'' Hornets general manager Jeff Bower said. ``He had his best season as a pro with us last season, and we anticipate that he will continue to develop.''
Pargo averaged career highs of 9.2 points, 2.5 rebounds and 2.5 assists, while being the only Hornets player to play in all 82 games last season.
Pargo ranked second on the Hornets in 3-pointers made with 81. His free-throw percentage was .852.
``Jannero was a big part of our success last season and he showed that he could be called upon to play a larger role when necessary,'' coach Byron Scott said. ``I look forward to having him back as a reliable scoring threat off the bench.''

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