The Hornets are signing veteran free agent forward Xavier Sneed to an Exhibit 10 contract, according to Rod Boone of The Charlotte Observer (Twitter link).
Sneed, 24, went undrafted out of Kansas State in 2020 and has since played a regular role for the Greensboro Swarm, the Hornets’ G League affiliate. His solid play in the NBAGL earned him a 10-day contract with the Grizzlies last December and a two-way deal with Utah in February. Sneed appeared in nine games with the two teams last season at the NBA level, logging just 39 total minutes.
While Sneed’s two-way contract with the Jazz included a second season, Utah opted to waive him last month. Based on his new agreement with the Hornets, it seems likely that Sneed will head back to Greensboro as a returning rights player this season — his Exhibit 10 deal will put him in line for a bonus worth up to $50K on top of his G League salary if he spends at least 60 days with the Swarm.
As we noted earlier today, the Hornets have waived camp invitee Isaiah Whaley, so they have an open spot on their 20-man preseason roster for Sneed.