The move was expected since Saturday and could reportedly become part of a three-way sign-and-trade deal that will land Kyrie Irving with the Brooklyn Nets and Terry Rozier with the Charlotte Hornets.
The $141-million contract is the largest Walker can sign with a team other than the Hornets. It was reported Thursday that Walker and the only NBA franchise he's ever known had reached a stalemate due to sizable gaps in negotiations. Charlotte could have offered Walker a five-year max contract.
Walker, 29, has played eight seasons in Charlotte and leaves the Hornets as the franchise's all-time leader in total points, minutes, field goals, and win shares. The team is considering free-agent options Elfrid Payton, T.J. McConnell, Ish Smith, and Emmanuel Mudiay to replace Walker, sources told Wojnarowski.