If New Orleans Hornets restricted free-agent guard Eric Gordon signs the four-year, $58 million offer sheet from Phoenix he agreed to last week, his joy over potentially playing for the Suns will be short-lived. New Orleans is going to match the offer, sources confirmed Tuesday afternoon.

The earliest Gordon could sign the Suns' offer sheet was 11:01 Central time Tuesday night, when the league's moratorium on player transactions ended. If Gordon signs the Suns' offer, the Hornets can take up to three days to match it.