Tony Parker's 17-year stint with the San Antonio Spurs is over after he agreed a deal to join the Charlotte Hornets.
According to ESPN's Adrian Wojnarowski, the veteran will sign a two-year deal worth $10 million.
Even at the age of 36, it's a significant capture for the Hornets because of his profile.
Parker is one of the best point guards in NBA history and has had incredible success with the Spurs.
Many young players in the league have grown up watching the Frenchman and having the opportunity to play alongside him would be valuable to any youngster still developing their game.
His experience and know-how will be a huge benefit to the players in Charlotte as he can definitely act as a mentor.
Parker's decision to leave San Antonio came as a bit of a surprise and Hornets shooting guard Malik Monk proved this as he was caught off guard by the news and produced a priceless reaction.
During an interview at Summer League on Saturday, Monk was asked by a reporter if he was looking forward to playing with the four-time NBA champion.
The youngster was clearly unaware that Charlotte had signed him and asked on several occasions if the story was true in a brilliant reaction.
He described it as "crazy" but was visibly ecstatic and immediately said that he'll look to learn as much as he can from the future Hall of Famer.
This shows just how much respect Parker has around the league and especially from young players who have been watching him since they were kids.
He's achieved almost everything in the game and had a tremendous amount of success since he was drafted in 2001.
The six-time All-Star could play an important role in helping a player like Monk develop.
The 20-year-old showed flashes of his potential last year but struggled to develop any level of consistency and saw his minutes diminish.
In 63 games off the bench, he averaged just 6.7 points on 36.0 percent shooting from the field and 34.2 percent from beyond the arc.
Playing in the Summer League for the second consecutive year was an opportunity for him to improve his game in a competitive setting but his participation has unfortunately been cut short.
The team announced that he suffered a broken thumb in the game against the Oklahoma City Thunder on Friday and will miss the remainder of the competition.
He'll be sidelined for 6-8 weeks as a result of the injury and it's unclear if he'll be ready for the start of training camp in September.
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