Buyout agreement reportedly likely for Hornets, Reggie Jackson

The Hornets are likely to reach a buyout agreement with veteran guard Reggie Jackson after acquiring him from the Clippers in a deal for Mason Plumlee, reports Shams Charania of The Athletic (Twitter link).

Jackson, 32, was the Clippers’ full-time starter at point guard last season but fell out of the team’s starting five in 2022-23. For the season, he has averaged 10.9 PPG and 3.5 APG on .418/.350/.924 shooting in 52 games (25.7 MPG).

Since he’s on an expiring $11.2M contract, waiving Jackson won’t leave the Hornets with any dead money on their books beyond this season.

The plan in Charlotte in for the Hornets to focus on getting their young players more minutes down the stretch, according to Charania, who adds that Jackson will prioritize teams that can give him the opportunity to contend.

As Chris Haynes of Bleacher Report (video link) observes, it could be a robust buyout market this month. In addition to Jackson, Haynes names John Wall, Serge Ibaka and Danny Green as viable possibilities. Russell Westbrook is also considered likely to be bought out by Utah, so there should be no shortage of veteran point guards available in free agency.

The Suns are a team to keep on eye on for Jackson if the Hornets complete a buyout, according to Haynes. The Clippers are the only team that would be ineligible to sign Jackson.