FRIDAY, 3:42pm: The Bobcats have officially re-signed Pargo, the team announced today in a press release.

THURSDAY, 3:21pm: The Bobcats have agreed to terms on a contract with Jannero Pargo, according to Rick Bonnell of the Charlotte Observer (via Twitter). Charlotte is believed to be capped out, and used its room exception to sign Josh McRoberts, so Pargo will be in line for a minimum-salary deal. Shams Charania of RealGM.com confirms as much, tweeting that it'll be a one-year pact.

Pargo, 33, started the 2012/13 season with the Wizards, before being waived by Washington. He subsequently signed a pair of 10-day contracts with the Hawks, then signed two 10-days deals with the Bobcats, followed by a rest-of-season deal (details via our 10-day contract tracker). Overall, he appeared in 32 games, averaging 6.5 PPG and 2.1 APG. Pargo ranked among the top scorers, three-point shooters, and distributors still on the market.

For Charlotte, Pargo figures to slot into the team's third point guard spot, behind Kemba Walker and Ramon Sessions. Even though the Mark Bartelstein client finished last season with the Bobcats, he wasn't eligible for a raise via the Non-Bird exception, since the team renounced his rights earlier in the summer to clear cap room.