ESPN - Another Bull is headed for the Big Easy, with Jannero Pargo agreeing to a two-year, $2.1 million deal with the New Orleans Hornets on Thursday, his agent, Mark Bartelstein, told ESPN.com.
Bartelstein said that Pargo has a player option for the second year of the contract.
Pargo joins another ex-Bull Tyson Chandler, who was traded by Chicago to the Hornets for forward P.J. Brown and guard J.R. Smith earlier in the summer. Smith was then traded onto Denver after spending less than a week with the team.
Pargo is set to provide insurance for the Hornets starting point guard Chris Paul and recently signed backup Bobby Jackson at the point.
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