Vernon Carey Jr. has agreed to a four-yer deal with the Charlotte Hornets.

The contract is expected to have the most guaranteed money among second round picks in the 2020 draft class.

Carey was the 32nd overall pick out of Duke.

The Boston Celtics traded Gordon Hayward and two second-round picks to the Charlotte Hornets.

The Celtics will receive a conditional future second-round pick and a trade exception. 

The trade exception is the same amount as Hayward's salary this season with the Hornets, which the Celtics can use to absorb salaries in trades. 

The Charlotte Hornets are waiving Nic Batum, sources told Shams Charania of The Athletic.

The Hornets were set to use the stretch provision to sign Gordon Hayward, though they had been working with the Celtics on a sign-and-trade deal involving Hayward.

Batum was scheduled to earn $27.1 million for the 2020-21 season. 

Batum is expected to draw interest from several teams. 

The Charlotte Hornets and Boston Celtics have worked on a Gordon Hayward sign-and-trade that's contingent on finding a third team to take on the $27 million owed to Nic Batum for 20-21.

The Hornets will have to waive and stretch Batum in order to sign Hayward outright. Batum's remaining $27 million would remain on Charlotte's books as $9 million in each of the next three seasons.

The Celtics previously discussed a sign-and-trade involving Hayward with the Indiana Pacers, who didn't have a path to sign him outright.

Hayward and the Hornets agreed to a four-year, $120 million deal last week, which will remain unchanged either way.

The Charlotte Hornets signed Gordon Hayward to one of the more controversial contracts of the 2020 offseason as the four-year, $120 million terms were widely viewed as exorbitant for a player of his caliber and injury history.

The Boston Celtics and Indiana Pacers weren't offering Hayward quite the same terms, but they each offered a contract of at least $100 million over four seasons. 

"You want to clown the contract?" said Zach Lowe on The Lowe Post. "That's fine. Just know it's not like the Pacers and the Celtics were offering $80 million. They weren't offering $120 million. But my best intel is something like $105 million, $108 million, $102 million, $110 million. It's not like the delta was so huge."

Hayward will receive more money with the Hornets than he would have with either the Celtics and Pacers, but also a bigger role.

Bismack Biyombo has agreed to re-sign with the Charlotte Hornets, sources told Chris Haynes of Yahoo! Sports.

Biyombo averaged 7.4 points and 5.8 rebounds last season. 

Nic Batum is drawing interest from multiple contenders, sources told Chris Haynes of Yahoo! Sports.

Batum was waived by the Hornets earlier on Saturday. 

The Charlotte Hornets will use the waive and stretch provision on Nic Batum to create the necessary cap space to sign Gordon Hayward to his four-year, $120 million deal.

Batum's $27 million salary for the 20-21 season will be stretched over three seasons. Batum appeared in just 22 games last season with the Hornets.

The Hornets entered the offseason with approximately $20 million in cap space. Charlotte signed Batum to a five-year, $120 million deal in 2016.

Gordon Hayward has agreed to a four-year, $120 million deal with the Charlotte Hornets. Hayward previously signed an offer sheet with the Hornets during his 2014 restricted free agency that the Utah Jazz matched.

Hayward also received interest from the Indiana Pacers and New York Knicks, while the Boston Celtics also had interest in retaining him. The Celtics would have gone deep into the luxury tax by re-signing Hayward to a deal comparable to what he was offered by Charlotte.

Hayward signed a four-year, $127.8 million deal with the Celtics in 2017 and then opted out of his $34 million deal this offseason. Hayward is a client of Mark Bartelstein.

It was believed Hayward preferred to end up with the Pacers, but any deal required the participation of the Celtics in a sign-and-trade.

Adam Himmelsbach of the Boston Herald reports that as of Saturday evening, the Celtics and Hornets are still discussing a potential sign-and-trade.

The Los Angeles Clippers have explored a trade for Terry Rozier, a sources tell Chris Mannix of Sports Illustrated.

The Clippers have targeted point guard as a position in which they seek improvement this offseason. 

The Clippers also are interested in Rajon Rondo, though he may command a larger salary than what they can fit into their cap.

Rozier signed a three-year, $58 million deal with the Hornets last offseason. Charlotte drafted LaMelo Ball with the third overall pick.