AUGUST 14, 7:22pm: Stone has been granted his release from Umana Reyer Venezia and is expected to sign with the Hornets this week, Bonnell reports.
AUGUST 13, 2:30pm: The Hornets plan to sign Stone to a two-year minimum deal with a second-year trigger date, pending clearance from FIBA, per Shams Charania of The Vertical (via Twitter).
The 28-year-old combo guard recently agreed to a two-year extension with defending league champion Umana Reyer, based in Venice. Stone doesn’t have an opt-out clause to leave for the NBA, but he is asking the team to release him from his deal so he can be closer to his father, who is in a coronary care unit in the United States with severe lung, heart and kidney conditions.
Charlotte has a two-year, veteran’s minimum offer waiting for Stone and envisions him as a third-string point guard backing up Kemba Walker and free agent addition Michael Carter-Williams. However, before he can join the Hornets, Stone has to obtain a letter from FIBA stating that he has no contractual obligation to any other team.
Stone has prior NBA experience with the Nuggets and Raptors. He has also played in Turkey and Italy.