The Hornets already have a number of back-up shooting guards in Austin Rivers, Xavier Henry, and Roger Mason. It would have been hard to fit Carroll in that rotation had he been given a chance.

Matt Carroll is now a free agent and will be free to sign with any team once he clears waivers.

Oct 20, 2012; Auburn Hills, MI, USA; Charlotte Bobcats shooting guard Matt Carroll (13) drives to the basket against the Detroit Pistons during the game at The Palace. Mandatory Credit: Tim Fuller-US PRESSWIRE

June 1, 2012; Westwego, LA, USA; New Orleans Hornets head coach Monty Williams laughs during a press conference talking about the NBA Lottery at the Alario Center. Mandatory Credit: Derick E. Hingle-US PRESSWIRE

The Hornets officially announced this morning that they have re-signed Head Coach Monty Williams to a new multi-year deal. The specifics of the deal have not been released but it will keep Williams in New Orleans until 2016.

Williams became the ninth head coach in franchise history when he was hired on June 7, 2010. He is now heading into his third year as the Hornets head coach and has accumulated a career record of 67-81 (.453). Williams took the team to the playoffs in his first season as a Head Coach in 2010-2011, the Hornets finished with a record of 46-36. This past season was not as fortunate for Williams and the Hornets as they finished with a 21-45 record, one of the leagues worst.

Even though Coach Monty Williams may not have the best record as of right now, he has shown promise and has given the Hornets an identity.