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Hornets expected to sign Julyan Stone to multi-year deal

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Stone is close to negotiating a release from his current team, Italian Pro Club Umana Reyer Venezia.

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Julyan Stone is expected to sign with the Charlotte Hornets on a multi-year deal, according to various reports.

Yesterday, the Charlotte Observer’s Rick Bonnell provided an update, stating that while Stone hadn’t signed yet, he should be released from his contract with Italian Pro Club Umana Reyer Venezia soon. A previous report from Bonnell included a statement from Stone’s agent, who said the Hornets “have been super supportive” as he attempted to work out a resolution.

Earlier this morning, Italian basketball site Basket Report reported the two sides are negotiating a buyout. Basket Report also states Stone could make up to $3.2 million over two seasons, a number that falls roughly in line with the minimum salary scale for a player with three years of NBA experience (which Stone has).

All this comes after Stone took to Instagram and claimed Venezia refused to release him from his contract. Stone’s father is battling major health issues, and Charlotte’s offer would allow him to be closer to his father and provide him better financial assistance to pay for his treatment. But with no buyout clause included in his contract, Venezia was initially unwilling to let him go.

If progress continues and Stone is available, he will become the Hornets 3rd point guard. At 6’6, his size is attractive for the team. If the intention is to play 6’3 Malik Monk as the backup shooting guard, the Hornets would have two reserve point guards, Stone and Michael Carter-Williams, standing at 6’6 to pair with him.

Statistically, Stone did not stand out in his previous stints in the NBA, but at 28, he’s a veteran guard that has played around the world. Assuming he signs, we’ll likely get more insight into what the Hornets like about him.

UPDATE (2:56 p.m. est): Shams Charania of Yahoo’s The Vertical verifies the Hornets plans to sign Stone to a two-year deal, with a trigger date for year two: