Gordon Hayward is leaving, and it appears the Celtics will get nothing in return.
According to ESPN's Adrian Wojnarowski, Hayward is signing a four-year, $120 million deal with the Charlotte Hornets.
While it is believed the Hornets will have to shed some salary to make the deal work, Wojnarowski reports that it is a free agent signing and made no mention of a possible sign-and-trade.
(UPDATE: The Hornets will reportedly waive and stretch Nic Batum to create the cap space, meaning there's no need for them to send anything to the Celtics or any other team.)
There had been reports on Friday that Hayward was "fully focused" on joining the Pacers, with Boston and Indiana working on the details of what the Celtics would get back in a sign-and-trade.
Either things fell through on that front or Charlotte's offer simply blew away all others by so much that Hayward couldn't turn it down. Most believed that Hayward wouldn't get anything all that close to the $34 million he would've made had he opted into his contract, but that he was willing to make the trade-off for more long-term security.
As it turns out, Hayward found both the long-term security and average annual value ($30 million) close to that.