Veteran guard Reggie Jackson has agreed on a contract buyout with the Charlotte Hornets and plans to sign with the Philadelphia 76ers upon clearing waivers, sources told ESPN on Tuesday.

Jackson arrived in a July trade with the Denver Nuggets as part of a salary-shedding maneuver and now plans to reconnect with his former LA Clippers teammate Paul George on a Sixers roster that's loading up on veterans with significant playoff experience.

Jackson joins Philadelphia's guard rotation, which includes All-Star Tyrese Maxey, Kelly Oubre Jr., Eric Gordon and rookie Jared McCain.

Jackson, 34, averaged 17.8 points on 40% 3-point shooting in the Clippers' 2021 run to the Western Conference Finals. He spent the past two postseasons with the Nuggets, winning a championship in 2023 and averaging 9.8 minutes in 12 playoff games this year. He's played 87 postseason games in his career in stops with Oklahoma City, Detroit, the Clippers and Denver.

Before the trade to Charlotte, Jackson picked up the option on his $5.25 million salary for the 2024-2025 season. In his 13-year NBA career, he has averaged 12.6 points and 4.2 assists.