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Hornets sign Nick Richards to three-year, $15M contract extension, per reports

Nick Richards and the Charlotte Hornets have agreed on a three-year, $15M contract extension, per ESPN’s Adrian Wojnarowski.

Charlotte Hornets center Nick Richards has agreed on a three-year, $15 million contract extension, his agent Javon Phillips and Jared Mucha of @excelbasketball tell ESPN.

— Adrian Wojnarowski (@wojespn) March 22, 2023

Since Richards was drafted in the second-round and didn’t sign a prorated NBA rookie-scale contract, there are very few restrictions on when he’s allowed to sign a contract extension, explaining the timing of a late-season deal.