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Jeremy Lamb, Hornets Reportedly Nearing 3-Year, $21 Million Contract Extension

Jeremy Brevard/USA TODAY Sports

Shooting guard Jeremy Lamb is nearing a three-year, $21 million contract extension with the Charlotte Hornets in advance of the Nov. 2 deadline, according to ESPN’s Marc Stein.

The Hornets acquired Lamb, the 12th pick in the 2012 NBA Draft, from the Oklahoma City Thunder this summer in an attempt to add more shooting to the roster. The 23-year-old showed some promise in the 2013-14 season with the Thunder, but he took a step back last season. In 47 games, he averaged 6.3 points and 2.3 rebounds while shooting 41.6 percent overall and 34.2 percent from three.

Lamb enjoyed a strong debut for the Hornets, scoring 11 points on 4-of-8 shooting and 3-of-5 from three in a tight loss to the Atlanta Hawks. His second outing wasn’t quite as good shooting wise, as he tallied nine points on 4-of-11 shooting overall and 1-of-4 from three in another tough loss to Atlanta.

Locking up Lamb is an interesting move for Charlotte considering he’s only played two games with them and wasn’t particularly any good in Oklahoma City. $7 million a year obviously isn’t a huge number with the cap exploding, but it could still look bad if he doesn’t improve. The Hornets are clearly banking on some significant improvement from the youngster, but it’s still a bit strange to commit to him long term.

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