AUGUST 24, 8:23am: RealGM’s official transactions log classifies Stone’s new contract as a multiyear agreement, so it appears the Hornets were able to complete a two-year deal as initially planned.
AUGUST 23, 10:17am: The Hornets have officially signed veteran guard Julyan Stone, the team announced today in a press release. The deal had been in the works for some time, as Stone worked to free himself from a commitment to Italian team Umana Reyer Venezia and receive FIBA clearance to return to the NBA.
Stone, who was in camp with the Pacers in 2016, hasn’t appeared in a regular season NBA game since the 2013/14 campaign. For his career, he appeared in 47 total contests for the Nuggets and Raptors, playing limited minutes in those games. In recent years, Stone bounced around to various teams overseas and in the G League, spending time in Italy, Turkey, and with the Fort Wayne Mad Ants, Indiana’s G League affiliate.
Stone recently agreed to a two-year extension with defending league champion Umana Reyer, based in Venice. The 28-year-old didn’t have an opt-out clause to leave for the NBA, but asked the team to release him from his deal so he could be closer to his father, who is in a coronary care unit in the United States with severe lung, heart and kidney conditions. The club obliged earlier this month.
While Stone is now a Hornet, we’ll wait to confirm the terms of his deal. Previous reports indicated that Charlotte made a two-year offer to Stone, but one report last week suggested that his Italian team may have only released him from his contract for a single year, which would limit the Hornets’ ability to lock him up for multiple seasons.