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Gerald Henderson Opts In With Hornets

Gerald Henderson has picked up his $6MM player option for next season to stay with the Hornets, the team announced. The move means the Wasserman Media Group client will enter free agency next summer instead of this year, as the coming season is the last on a three-year, $18MM deal that the swingman signed with the team in 2013.

It’s the second time this week that a member of the Hornets exercised a player option. Al Jefferson officially did so Monday, the same day the team traded Lance Stephenson to the Clippers for Spencer Hawes and Matt Barnes. This week’s moves, including Henderson’s decision, have lifted the team’s guaranteed salary for next season from about $46.2MM to approximately $63.8MM, making it likely the team stays above the projected $67.1MM cap for 2015/16.

Henderson started 72 games this past season, in part because Stephenson failed to become the mainstay that Charlotte hoped he’d be. The 27-year-old Henderson nonetheless averaged fewer minutes, points and shots per game than in any of the four seasons since he became a full-time starter for the team.

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