Veteran NBA Guard Foregoes Over $3M in Buyout with Hornets

Veteran point guard Reggie Jackson, who was officially waived by the Hornets on Tuesday, reached a buyout agreement that facilitated his departure, according to league sources cited by Michael Scotto of HoopsHype. Jackson agreed to forgo $3.3 million as part of the buyout. Hoops Rumors has confirmed that Jackson relinquished precisely $3,303,771. This amount will…

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Breaking News: Hornets Waive Recently Acquired Veteran Guard

CHARLOTTE, N.C. — The Charlotte Hornets have waived guard Reggie Jackson, just weeks after acquiring him and three future second-round draft picks from the Denver Nuggets. The Nuggets traded Jackson, who had one year remaining on his $10.2 million contract, due to salary cap constraints. The Hornets had the necessary cap space to absorb Jackson’s…

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