WEDNESDAY, 10:38am: The Bobcats have officially signed Pargo for the remainder of the season, according to Rick Bonnell of the Charlotte Observer (via Twitter).
TUESDAY, 3:22pm: Jannero Pargo's second 10-day contract with the Bobcats will expire tonight, and he's set to sign with the team for the rest of the season tomorrow, agent Mark Bartelstein tells Shams Charania of RealGM.com. Charlotte had to make a decision regarding Pargo, who occupies the team's final roster spot, since clubs can only sign a player to a pair of 10-day deals per season. I'd guess his new contract will include a non-guaranteed year or a team option for 2013/14 so that the Bobcats can retain his rights and evaluate him during the summer, but that's just my speculation.
Pargo has seen plenty of action in his brief time in Charlotte so far, appearing in 10 games and averaging 9.4 points and 2.5 assists in 17.4 minutes per night. His three-point shooting is down to 38% from the 55.6% clip he showed during his first 10-day stint, but the 33-year-old point guard is still attempting an average of five treys per game over his time as a Bobcat.
Pargo also signed a pair of 10-day contracts with the Hawks earlier this season after the Wizards waived him in November. Jeremy Pargo, Jannero's younger brother, was waived this weekend by the Sixers.