The Phoenix Suns signed restricted free agent guard Eric Gordon to an offer sheet on Wednesday.
Terms of the deal were not disclosed but the New Orleans Times-Picayune reported earlier in the week that it is a four-year, $58 million offer sheet.
The Hornets have three days to match the offer and retain Gordon's rights.
Gordon, 24, was acquired by New Orleans last offseason in a trade that sent Chris Paul to the Clippers. He was sidelined for the majority of 2011-12 with an injured right knee and appeared in just nine games, averaging 20.6 points and 3.4 assists.
In four NBA seasons, Gordon has averaged 18.2 points and 3.3 assists in 205 games -- 190 starts -- with the Clippers and Hornets.
Also on Wednesday, the Suns dealt veteran point guard Steve Nash to the Lakers in exchange for first round draft selections in 2013 and 2015, second-round picks in 2013 and 2014, and cash considerations.