Hornets sign Jeremy Lamb to reported 3-year extension

The Charlotte Hornets have signed shooting guard Jeremy Lamb to a contract extension, the team announced Monday.

While terms of the deal were not disclosed, it was reported Sunday that the two sides were closing in on a three-year, $21-million agreement.

"We were thrilled with the opportunity to add Jeremy Lamb to our roster this past summer," general manager Rich Cho said. "Through the preseason and start of our regular season, Jeremy has proven to be the type of player and professional we seek here in Charlotte. We're excited to have him as a part of the Hornets for years to come."

Lamb, 23, was acquired by Charlotte in an offseason trade with the Oklahoma City Thunder, who received Luke Ridnour and a 2016 second-round draft pick in exchange for the 6-foot-5 wing.

He was ruled out for the season opener against the Miami Heat with an ankle injury. Over the past two games, Lamb averaged 10 points and three rebounds on 42.1 percent shooting.

The No. 12 overall pick by Oklahoma City in 2012 struggled defining a role for himself with the Thunder, failing to snag a spot as the undisputed starting shooting guard. His lack of a consistent jumper and questionable decision-making on the defensive end ultimately led to former head coach Scott Brooks allocating his minutes elsewhere.

With the Hornets, Lamb will operate as one of Steve Clifford's first options off the bench. Michael Kidd-Gilchrist is possibly out for the entire 2015-16 season, leaving the possibility open for Lamb to emerge as the new starting small forward at some point this year, if P.J. Hairston fails to deliver the goods.