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NBA free agency: Gordon Hayward's big move and what it means for the Boston Celtics and Charlotte Hornets

David Sherman/NBAE via Getty Images

What does Gordon Hayward's decision to leave the Boston Celtics for a four-year, $120 million deal with the Charlotte Hornets in free agency mean for both teams?

Hayward traded a little bit of immediate salary for a lot more long-term guaranteed money with the new contract, reported Saturday by my ESPN colleague Adrian Wojnarowski, when he decided Thursday to decline a $32.4 million player option for 2020-21.

Will adding Hayward and No. 3 overall pick LaMelo Ball help the Hornets get back to the playoffs for the first time since 2016?

And how can the Celtics regroup after losing a third high-profile free agent in the past two years? Let's take a look.