Drew Peterson of Boston Celtics signs two-way contract with Charlotte Hornets

Boston Celtics power forward Drew Peterson has signed a two-way contract with the Charlotte Hornets. The NBA champion from last season had previously been coached by Hornets head coach Charles Lee, who was with the Celtics two seasons ago.

Their past relationship is believed to have played a role in this new deal. Under the two-way contract, Peterson will split his time between the Hornets and their NBA G League affiliate.

Drew Peterson moves from Boston Celtics to Charlotte Hornets

Drew Peterson had earlier been on a two-way deal with the Boston Celtics and their G League team, the Maine Celtics. His move to the Charlotte Hornets was confirmed by his agents, Mike Silverman and Troy Payne of Equity Sports. As per the new agreement, he is expected to divide his playing time between the NBA and G League once again.ESPN’s NBA insider Shams Charania shared the news on X, posting, “Former Celtics forward Drew Peterson has agreed to a two-way NBA deal with the Charlotte Hornets, agents Mike Silverman and Troy Payne of Equity Sports tell ESPN. Hornets' Charles Lee coached Peterson in Boston two seasons ago.”

Reactions to Drew Peterson’s move to Charlotte Hornets

The announcement was met by mixed reactions on social media. An X user named @Kryptodou tweeted, “Others argue Peterson’s hustle makes him a steal for Charlotte’s rebuild. Meanwhile, Celtics diehards are fuming, claiming Boston let a potential gem slip through their fingers. Is this a savvy pickup by the Hornets or just another questionable NBA handshake deal?”

Another user, @Liam, wrote, “Charles Lee knowing Peterson from Boston could be critical here.

Two-way deals are market inefficiencies in NBA props—books consistently undervalue familiarity between coaches and role players. Expect spot minutes early when matchups favor his skill set.” And @NicThomas added humorously, “Man, the Hornets have had an outstanding offseason.”Also Read: NBA Trade Rumors: Milwaukee Bucks reportedly eyeing $19.5 million Boston Celtics big man amid roster reshufflePeterson played college basketball for both the Rice Owls and the USC Trojans but went undrafted in the 2023 NBA Draft. He initially joined the Miami Heat for the 2023 NBA Summer League before playing for the Sioux Falls Skyforce. He eventually signed with the Boston Celtics, where he also played for the Maine Celtics under a two-way contract. Peterson rose to prominence last season as the Celtics went on to win the NBA Finals, defeating the Dallas Mavericks.