The 34-year-old gave up approximately $3.3M in a buyout agreement with the Hornets, which is the amount he’ll earn on his new ...

PHILADELPHIA (CBS) -- The Philadelphia 76ers plan to sign veteran guard Reggie Jackson after he clears waivers following a contract buyout with the Charlotte Hornets, ESPN reported on Tuesday.

The 34-year-old gave up approximately $3.3M in a buyout agreement with the Hornets, which is the amount he’ll earn on his new minimum salary deal with Philadelphia.