Eric Gordon, New Orleans Hornets Can't Reach Contract Extension Agreement, According To Report

PHOENIX, AZ - DECEMBER 26: Eric Gordon #10 of the New Orleans Hornets celebrates after scoring the game winning basket against the Phoenix Suns during the season openning NBA game at US Airways Center on December 26, 2011 in Phoenix, Arizona. The Hornets defeated the Suns 85-84. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Christian Petersen/Getty Images)

Eric Gordon did not sign a contract extension with the New Orleans Hornets on Wednesday, according to Yahoo!'s Marc Spears.

The New Orleans Hornets could not reach an contract extension agreement with Eric Gordon before Wednesday night's deadline, making the guard a restricted free agent following the season. New Orleans reportedly made a hard run at Gordon as negotiations went down to the wire, but were unsuccessful, leading to a degree of uncertainty that will play out over the summer months.

The news comes from Marc Spears of Yahoo!

Hornets didnt reach terms with guard Eric Gordon on a contract extension and he will be a restricted free agent this summer NBA sources say.
— Marc J. Spears (@SpearsNBAYahoo) January 26, 2012

Spears added that the Hornets did get clearance from the league to offer a long-term deal, but were unable to work things out on Wednesday.

Hornets offered 4-year deal to Gordon after getting NBA clearance Tues. Expect Pacers to make run at the Indianapolis native in off-season.
— Marc J. Spears (@SpearsNBAYahoo) January 26, 2012

It's interesting to see the Pacers already floated as a potential destination, but Gordon's unwillingness to sign a long-term deal would seem to signal his desire to move-on following the season.