ESPN wrote:
Morris Peterson and the New Orleans Hornets agreed to terms on a 4-year contract, a person with knowledge of the deal told The Associated Press on Friday.
The person, who spoke on the condition of anonymity because the contract has not been announced, said Peterson would sign the deal following a vacation.
Peterson visited Salt Lake City earlier this week to meet with Utah Jazz officials. He also said Detroit, New Jersey, Cleveland, Miami and Toronto had expressed interest in him.
http://sports.espn.go.com/nba/news/story?id=2935681
I thought he would sign with Utah but this also makes sense. It also means that Desmond Mason likely will not re-sign and possibly head to Milwaukee and that the Hornets are no longer interested in Pietrus.
Overall, the Hornets have a solid group now and if they can stay healthy, they'll be in the thick of things come playoff time. And this will probably rejuvenate Mo-Pete's career a bit.