It's terrible. Pargo is a legit player, he was the 6th man on a contender last season. Awful to lose a player like him to Europe. He was good value at $3.5mil too. Several teams made a mistake not bringing him in, including the Hornets.
At least they have a good replacement in Mike James already on the books, but I think Pargo is better, it's a downgrade. Still they're solid at the position. It's their lack of a backup big that ruins that bench.