Hornets Sign Theo Maledon To Two-Way Deal, Waive Three Players

4:58pm: Maledon’s contract is official, according to NBA.com’s transaction log.

In order to make room for Maledon and Edmond Sumner, who is signing a non-guaranteed one-year deal, Charlotte released Angelo Allegri, Tre Scott and Jaylen Sims. All three players were on Exhibit 10 contracts and will likely be heading to the G League.

4:17 pm: Free agent guard Theo Maledon is returning to the Hornets on a two-way contract, sources tell Rod Boone of The Charlotte Observer (Twitter link).

ESPN’s Adrian Wojnarowski confirms the news (via Twitter).

The Hornets gave Maledon a two-way qualifying offer at the end of June, making him a restricted free agent. He was the last restricted free agent left on the board this offseason, and likely just accepted his QO ahead of training camp.

The French point guard was the 34th overall pick of the 2020 draft. He spent his first two NBA seasons with the Thunder, but was traded to Houston prior to last season. The Rockets waived Maledon, and he signed a two-way deal with Charlotte a few days later.

Maledon averaged 6.7 PPG, 3.5 APG and 2.8 RPG in 44 games for the Hornets in 2022/23 (19.4 MPG), posting a .402/.297/.851 shooting slash line. Overall, he has appeared in 160 NBA games.

The Hornets will have to release someone to make room for Maledon, as their roster is currently at the offseason maximum of 21 players under contract. The 22-year-old will fill the team’s final two-way spot.

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