Marvin Williams is returning to the Hornets on a four-year deal worth 54.5 million dollars. The signing was first reported by Adrian Wojnarowski of The Vertical.
This deal came as a surprise to many, as the market for players like Williams was in some cases as high as 18 million annually.
The Vertical reported that Williams turned down offers in the 15 million range to return to Charlotte.
He will make around 13.5 million annually in Charlotte. The Hornets will now have more cap space than expected to go after remaining targets. Williams, a UNC-Chapel Hill graduate, certainly gave the Hornets a bit of a "hometown discount."
To Do List
-Now that Williams has been resigned, two obvious holes remain on Charlotte's roster: backup point guard and rim protector.
-Expect Charlotte to continue pursuit of players like Ian Mahinmi, who would provide the frontcourt defense that last year's team lacked.
-It's likely that the Hornets spend the majority of their remaining money on a big man, and use whatever is left to find a backup point guard.
Grading The Moves
If you're a Hornets fan, you have to love what GM Rich Cho has been able to do in free agency. Sure, the Hornets didn't land a star like Dwight Howard, but they did retain two important pieces to last year's success.
Nic Batum (B+) -- There's no doubt that 24 million a year is a lot of money for a guy that's never been an all-star. But when you consider the market, it's a plus that Batum is locked up for less than the max. There is little doubt that this was a good deal for both sides.
Marvin Williams (A) -- What a great deal for the Hornets. Giving Williams four years worried me at first, but when you factor in how team friendly the deal is, it's a no brainer.
Editor-in-chief of The Charlotte Sports Blog
Lead Hornets Writer: Jonathon Hoppe