INDIANAPOLIS - The Pacers' Lance Stephenson has signed a 3-year deal with a North Carolina team.
According to ESPN's Chris Broussard, Stephenson accepted the 3-year deal to play for the Charlotte Hornets for $27 million.
The deal was reportedly signed early Wednesday after Hornets owner Michael Jordan, general manger Rich Cho and coach Steve Clifford met up with Stephenson and his crew Tuesday in Las Vegas.
The contract comes with a team option for the final season.
ESPN reports the Pacers put an offer on the table for a five-year, $44-million contract in early July, but Stephenson rejected the offer, reportedly because he felt he was worth more.
Indiana's social media erupted when the information was let loose.
Sources: Lance Stephenson accepts 3 yr, $27 million deal with Charlotte— Chris Broussard (@Chris_Broussard) July 16, 2014
My reaction at work: pic.twitter.com/cgUAgtD4U2— Brad Gray (@Old_Man_Gray) July 16, 2014
Lance Stephenson going to the hornets is god for the bulls.— jon steffen (@Chicubsdude) July 16, 2014
Reports coming in @StephensonLance has signed w/ Charlotte for 3 yrs / 27 million! Don't leave Born Ready!— Kyle & Rachel (@KyleAndRachel) July 16, 2014
Larry Bird's biggest mistake after 36 years in the NBA: letting Lance Stephenson go.— Chris Palmer (@ChrisPalmerNBA) July 16, 2014
Lance Stephenson may have blown in LeBron's ear, but he just spat in Larry Bird's face by accepting that crap offer from the Hornets— Pacers Pulse (@PacersPulse31) July 16, 2014
This is a developing story. Watch RTV6 and check back here for updates.