Michael Carter-Williams and the Charlotte Hornets have agreed to a one-year deal, according to The Charlotte Observer’s Rick Bonnell. The deal will be worth $2.7 million, per ESPN’s Chris Haynes, and provides the Hornets with a backup to Kemba Walker after presumably losing several guards from last season to free agency.

Last season, Briante Weber, Ramon Sessions and Brian Roberts all spent time on Charlotte’s roster, although none really locked down the backup point guard spot. Perhaps Carter-Williams can do that, the former Rookie of the Year winner who has seen his career decline ever since the first season in Philadelphia.

Carter-Williams’ most recent stint was in Chicago, were he averaged a career-low 6.6 points on an also career-low 36.6-percent shooting from the field. Before last season, Carter-Williams had averaged double-digit points in the previous three seasons, although his averages had declined three straight seasons. In Chicago, though, Carter-Williams was almost entirely ineffective overall.

In Charlotte, the Hornets must still see a role for Carter-Williams, who is primed to become a reclamation project for someone.