THURSDAY, 11:22am: The Hornets have formally issued a press release to announce the signing of Hibbert.
Hibbert averaged 5.9 points, 4.0 rebounds and 1.4 blocks with the Lakers last season. The former All-Star for the Pacers essentially replaces Al Jefferson, who agreed to a three-year deal with Indiana. The Lakers secured their starting center in the early hours of free agency by agreeing to a four-year, $64MM contract with Timofey Mozgov.
The Hornets have also been trying to trade Spencer Hawes and the remaining $11.7MM on his contract to clear salary-cap space, which will likely require them to include a future draft pick, league sources informed Wojnarowski.
Hibbert’s ability to protect the rim was the deciding factor in Charlotte’s decision to offer him a contract, Wojnarowski adds.