One report says Richards landed a multiyear deal:
Life changing money for @iamnickrichards. The three-year contract negotiated by @jaredmucha_ and @javonphillips of @excelsm puts the former Kentucky center in a Charlotte uniform through the 2022-23 season.
— Bobby Marks (@BobbyMarks42) December 1, 2020
The team put out the following release today:
November 30, 2020 – Charlotte Hornets President of Basketball Operations & General Manager Mitch Kupchak announced today that the team has signed Nick Richards. Per team policy, terms of the deal were not disclosed.