We're just 12 hours into NBA Free Agency and plenty of deals have already been made. However, there's one in particular that we care about.
Just after 4:00 AM Eastern, The Vertical and The Charlotte Observer reported that Nic Batum and the Hornets had come to terms on a five year contract worth 120 million dollars. The first thing that should stick out about this deal: it's not the max. What this means is that Batum had the potential to earn more than 120 million from the Hornets.
However, just as noteworthy is the fact that the French forward got five years of security. The fifth year of the deal also happens to be a player option. Since Charlotte had Batum's full Bird Rights, they were the only club that could have offered him a fifth year this summer.
This was a classic case of negotiating, as both sides gave in a little bit to come to an agreement.
I really like this deal for everyone involved. Batum's cap hit is a big one, but it's one that will look better next season when the cap rises even more.
Now that this signing is taken care of, Charlotte's core of Kemba Walker, Michael Kidd-Gilchrist, and Nicolas Batum is locked up through the 2018-2019 season.
Remaining tasks for the Hornets
-Resign Marvin Williams
-Find a big man (Al Jefferson or an upgrade)
-Sign a backup point guard. My guess is this step won't happen for a couple weeks until the market dies down.
Current Hornets' Roster:
PG: Kemba Walker, Aaron Harrison
SG: Nicolas Batum, Marco Bellineli, Jeremy Lamb
SF: Michael Kidd-Gilchrist
PF: Frank Kaminsky
C: Cody Zeller, Spencer Hawes
Editor-in-chief of The Charlotte Sports Blog
Lead Hornets Writer: Jonathon Hoppe