The Observer reports Stephenson will earn $9 million in 2014-15 and 2015-16, and slightly more in 2016-17 if the Hornets pick up his option. Earlier, ESPN reported Stephenson agreed to a three-year, $27M deal.
Stephenson scored a career-high 13.5 ppg or Indiana last season, also registering high-water marks in rebounds (7.2 rpg) and assists (4.7 apg) while shooting 49 percent.
The mercurial guard reportedly turned down more money to stay with the Pacers, who were said to have offered Stephenson a five-year, $44M deal.
Spoke briefly with #Pacers owner Herb Simon after conclusion of NBA Board of Governors Meeting in Las Vegas.— Candace Buckner (@CandaceDBuckner) July 16, 2014
Got in 1 question re: Lance. Simon: "We made him a wonderful offer and they didn't think it was enough so it's a simple situation."— Candace Buckner (@CandaceDBuckner) July 16, 2014
Simon declined further comment on the #Pacers offer to Lance Stephenson.— Candace Buckner (@CandaceDBuckner) July 16, 2014