Tyson Chandler was meant to be traded to the Oklahoma City to become a Thunder, but management of the OKC Thunder rescinded their trade giving back Tyson to the Hornets.
"We welcome Tyson back with open arms," Hornets general manager Jeff Bower said in a statement. "We went into this trade to garner more frontcourt depth to add to our team as we continue our push towards the playoffs. We expect Tyson and the rest of our big guys to step up to the challenge."
No specific reason was given as to why Chandler didn't pass the physical, but he missed the Hornets' last 12 games before the All-Star break because of a sprained left ankle.
"We were pleased to add Tyson to the Thunder roster," general manager Sam Presti said. "During the course of the physical examination and outside consultations some questions arose that gave us cause for concern. We felt that this course of action was the best for our organization."
Chandler is due to make about $12 million next season.
All-Star forward David West called it a business decision instead of a basketball decision, and said it "leaves a big question mark in the middle" for New Orleans.
Chandler had been a big part of the turnaround that landed the Hornets the No. 2 seed in the Western Conference last year, when they pushed San Antonio to Game 7 in the conference semifinals. He averaged a double-double with 11.8 points and 11.8 rebounds and had more than 100 alley-oop dunks off of lobs from All-Star point guard Chris Paul.