Terms of the deal weren’t disclosed, but it seems likely to be a non-guaranteed pact that includes Exhibit 10 language. That would allow the Hornets to give Sneed a bonus worth up to $50K if he’s waived before the regular season begins and then spends at least 60 days with their G League team.
Sneed, who went undrafted out of Kansas State in 2020, signed a training camp contract with Charlotte last offseason and then was waived at the end of the preseason. He played in 13 games (23.3 MPG) for the Greensboro Swarm, the Hornets’ G League affiliate, averaging 8.1 PPG, 4.0 RPG, 1.8 APG, and 1.8 SPG with a .360/.279/.875 shooting line.
With the signing, Charlotte now has a full 20-man offseason roster, including 16 players with guaranteed salaries, two on Exhibit 10 deals (Sneed and D.J. Carton) and a pair on two-way contracts (Scottie Lewis and Arnoldas Kulboka).
In order to set their roster for the regular season, the Hornets will have to trade or release at least one player with a guaranteed salary, but that move doesn’t need to be completed until mid-October. However, the club also reportedly agreed to sign Cameron McGriff to an Exhibit 10 deal, so more transactions could be coming during the preseason.