Guard Jannero Pargo has re-signed with the New Orleans Hornets, according to his agent.

Mark Bartelstein told ESPN.com on Friday that Pargo has signed a two-year deal to return to the Hornets after averaging 9.2 points and 2.5 assists per game last season.

The deal, which includes a player option for the second season, is believed to be worth about $4 million.