8:05pm: Spalding’s two-way deal is now official, the team confirmed in a press release.
6:21pm: The Hornets will sign Ray Spalding to a two-way contract, tweets Shams Charania of The Athletic.
The 23-year-old forward was in training camp with the Rockets and joined their G League affiliate after being waived just before the start of the season. He was averaging 15.4 points and 8.4 rebounds in 20 games with Rio Grande Valley.
Spalding got 14 games of NBA experience last year as a rookie. Thirteen of those were with Mavericks and the other one came after joining the Suns on a 10-day contract last February.
By signing today, Spalding will be eligible to spend up to 24 days in the NBA between now and the end of the G League regular season in March.
The Hornets opened a two-way slot by waiving Robert Franks earlier today, which marks the deadline for issuing two-way contracts this season.