3:11 pm: The Hornets will waive Baugh to make room for Reeves, according to Michael Scotto of HoopsHype (Twitter link).
3:03 pm: The Hornets have reached an agreement to sign free agent guard Antonio Reeves to a two-way contract, reports Shams Charania of ESPN (Twitter link).
Reeves, 24, was the 47th overall pick in the 2024 draft and appeared in 44 games as a rookie for the Pelicans, averaging 6.9 points and 1.4 rebounds in 15.0 minutes per game, with a solid shooting line of .456/.395/.800.
The former Kentucky standout also excelled at the G League level, putting up 24.9 PPG and 5.8 RPG on .470/.416/.800 shooting in 11 appearances for the Birmingham Squadron, New Orleans’ affiliate.
It came as a bit of a surprise when the Pelicans opted to waive Reeves earlier this month before his minimum salary for 2025/26 could become guaranteed, but there’s a new group of decision-makers in New Orleans’ front office who weren’t responsible for drafting him last June.
Charlotte doesn’t currently have a two-way slot open, so KJ Simpson, Damion Baugh, or Drew Peterson will need to be waived in order to create an opening for Reeves.
Peterson was just signed last week, which suggests that either Simpson or Baugh – both carryovers from last season – will be the odd man out. For what it’s worth, Simpson earned a spot on the All-Summer League second team, though Baugh played pretty well too for the summer champions in Las Vegas.