The New Orleans Hornets will have to either match the Phoenix Suns' four-year, $58 million contract offer to Eric Gordon or let him go to the Suns without receiving compensation. Under NBA rules, the New Orleans Hornets are not permitted to work out a sign-and-trade deal with the Suns because Gordon is a restricted free agent.

In free agency, teams are permitted to work out sign-and-trade deals involving only unrestricted free agents, which occurred Wednesday when the Suns agreed to trade veteran guard Steve Nash to the Lakers in exchange for their 2013 and 2015 first-round draft picks and second round picks in 2013 and 2014.