ESPN’s Adrian Wojnarowski has reported that the Charlotte Hornets will convert Bryce McGowens’ Two-Way contract to a standard four-year, $7.4M deal.

The news comes as no surprise with McGowens on the edge of head coach Steve Clifford’s rotation while rapidly approaching the active games limit on his Two-Way deal. Two-Way players are allowed to be active for up to 50 games in a season, which obviously isn’t enough now that McGowens has played well (and often) enough to established himself as a core piece of the franchise.

McGowens’ new NBA deal comes with an average annual value of $1.85M across the next four seasons (including this season) and comes with a team option in the final year of the contract. Given the flashes he’s shown so far, that’s about as much of a bargain as the Hornets were going to get. If he becomes a permanent member of the rotation, that’s an extremely team-friendly signing in the same vein as Boston inking Sam Hauser to a three-year, $5.6M contract shortly after converting him from a Two-Way to a standard NBA deal.