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UPDATE: Hornets, Kelly Oubre agree to two-year, $26 million contract

Sacramento Kings v Golden State Warriors

SAN FRANCISCO, CA - APRIL 25: Kelly Oubre Jr. #12 warms up before the game against the Sacramento Kings on April 25, 2021 at Chase Center in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2021 NBAE (Photo by Noah Graham/NBAE via Getty Images)

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UPDATE: And the deal is done, Oubre will be a member of the Charlotte Hornets next season, Shams Charania broke the news.

Well done by Oubre’s people to find the team with the cap space left and get the deal done.


Charlotte has some cap space left — $14 million, give or take — and is looking for some upgrades. For example, there were having a conversation with Lauri Markkanen.

The Hornets now are close to a deal with Kelly Oubre, reports David Aldridge of The Athletic and Chris Haynes of Yahoo Sports.

Oubre had his best success last season with the Warriors playing as a small-ball four, a position where the Hornets are looking for more depth. The Hornets could use his athleticism as they want to get out and run, but he shot 31.6% from 3 last season and Charlotte also needs to space the floor from that position. Does Oubre have that next step in him?

Then there’s the question of money. Oubre made $14 million last season, but the offers up to this point were topping out around the mid-level exception of $9.5 million. The Hornets and Oubre at talking about a multi-year deal starting at around $12 million, reports Haynes.

Expect this deal to get done soon, Oubre will want to before more cap space around the league dries up.