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Hornets signing Drew Peterson to two-way contract

Late Monday night, Shams Charania of ESPN and Rod Boone of the Charlotte Observer reported that the Charlotte Hornets would be signing Drew Peterson to the team’s third two-way slot.

Peterson initially joined the Heat as a summer league player after going undrafted out of USC in 2023. He impressed enough there to earn himself a spot with the Heat in the preseason but was ultimately cut and signed to the team’s G League affiliate. He was only there for about a month and a half before the Celtics poached him with a two-way contract. He was on two-ways with Boston from that point until this month.