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Charlotte, NC - The Charlotte Hornets officially signed free agent guard Lance Stephenson on Friday. Stephenson tweeted Wednesday that he was looking forward "to the next phase of my career and the wonderful opportunity to continue to grow as a player and as a person in Charlotte!" Terms of the deal werent disclosed by the Hornets on Friday, but reports earlier this week indicated that the 23-year-old Stephenson has signed a three-year, $27 million contract that includes a team option for the final season. He turned down a five-year, $44 million offer from the Pacers after helping Indiana reach the Eastern Conference finals in back-to-back seasons, according to reports. "We are extremely excited to add Lance to our team," said Hornets general manager Rich Cho in a statement. "He is a great up-and-coming player with an incredibly high ceiling. He is an exceptional athlete who has the versatility and skill to play multiple positions on both offense and defense. We believe he will be an outstanding addition to our roster." Stephenson averaged career highs in points (13.8), rebounds (7.2), assists (4.6) and minutes (35.3) in 78 games this past season. Questions about Stephensons behavior were raised during the Eastern Conference finals after he blew into the ear of LeBron James during Game 5 and got into a tussle with teammate Evan Turner in practice. He was fined twice for flopping in the series and was whistled for 14 technical fouls during the regular season, fourth-most in the league. Stephenson owns career averages of 9.1 points, 4.4 rebounds and 3.1 assists across four seasons with Indiana. Bob Cousy Jersey .ca. Hi Mr. Fraser, When I was watching the Heritage Classic in Vancouver there was a play midway through the third where Ottawa crashed the Canucks net and it came off its moorings. Greg Monroe Jersey . - After spending the morning in the hospital, Logan Couture gave the San Jose Sharks the spark they needed. http://www.authenticcelticsproshop.com/Marcus-Smart-Jersey/ . According to a report from ESPN, sources said Manuels college coach Jimbo Fisher told teams he didnt think Manuel had the tools to be an NFL starter. Marcus Morris Jersey . -- Thirty years ago, the Detroit Pistons beat the Denver Nuggets 186-184 in triple overtime, a game that remains the highest scoring in NBA history. Boston Celtics Gear . Goergl, the 2011 world champion, started 28th after the other top contenders had already gone down but had the fastest time at each interval. Goergl finished the demanding 3-kilometre Kaelberloch course in 1 minute, 47. DARLINGTON, S.C. -- NASCAR owner Gene Haas said Friday he has been granted a license from Formula Ones governing body to start a U.S.-based entry in the global series, perhaps as early as next season. Haas received documents from the FIA on Thursday and the organization confirmed the application had been approved. "If he wants, he can join next season, its up to him," FIA spokesman Matteo Bonciani said. The last attempt for an American Formula One team came in 2010, but the entry lacked funding and development to join. Money is not expected to be a problem for the deep-pocketed Haas, owner of CNC machine manufacturer Haas Automation and the Windshear wind tunnel in North Carolina. Haas co-owns a NASCAR team with Tony Stewart that fields drivers Stewart, Kevin Harvick, Danica Patrick and new addition Kurt Busch. Haas pays for Busch himself. "Obviously, were extremely pleased to have been granted a Formula One license by the FIA. Its an exciting time for me, Haas Automation and anyone who wanted to see an American team return to Formula One," Haas said in a statement. Formula One chief Bernie Ecclestone said at last weekends Bahrain Gran Prix that the U.S.-backed team led by Haas would likely join the series next season. Now its official. "Now, the really hard work begins. Its a challenge we embrace as we work to put cars on the grid," Haas said. Haas team would be Americas first F1 entrant since Penske Racing competed from a base in England from 1974 to 1978. And it would be the first U.S.-based F1 team since Mario Andretti raced for Parnelli Jones Racing from 1974-76. The last American team competing in F1 was run by Carl Haas (no relation to Gene) and Teddy Mayer in 1985-86. At the IndyCar race in Long Beach, Calif., driverss wondered if a U.ddddddddddddS.-based team would actually come to fruition. "Theres not a great track record so far, and those are the data points we have to go off of," said James Hinchcliffe. But his teammate believed Haas might be able to pull it off. "With Gene Haas buying the team, Id say thats the likeliest chance of it finally happening," said Ryan Hunter-Reay. Asked if thered be any interest in the paddock for a shot to drive for Haas in Formula One, the normally reserved Carlos Munoz immediately perked up. "I would," the Colombian said. "Id love to do it." Haas founded his NASCAR team based in Kannapolis, N.C., in 2002. Seven years later, he brought Stewart aboard in a co-owner role to bring legitimacy to the team and help get the cars to Victory Lane. Stewart has delivered. Haas also operates the Windshear, one of the worlds most sophisticated wind tunnels for the testing of car aerodynamics, which would aid any new F1 entry. He said Haas Automation, one of the largest machine tool builders in the world, currently does $1 billion in annual sales, and he believes entering Formula One could help him double that number. "Its not that were trying to individually sell machines. Were trying to make people aware of Haas Automation as a company," he said. He added: "Were just trying to bring our awareness up and Formula One is even more important because half our sales are outside the country. So we think Formula One would be a really great way of bringing us awareness and increasing our sales." His team would be based in North Carolina, next to the existing NASCAR shop. "We want to be an American team. We think that has the most sizzle to it," Haas said in January. 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