Pelicans Sign James Nunnally, Waive Will Magnay

11:35am: The Pelicans have officially signed Nunnally and cut Magnay, the team confirmed in a press release.

11:24am: The Pelicans will waive Magnay to make room for Nunnally, a source tells Will Guillory of The Athletic (Twitter link).

A 6’10” center from Australia, Magnay appeared in just one game for the Pelicans this season, going scoreless in three minutes. He also averaged 9.1 PPG, 5.4 RPG, and 1.5 BPG in 10 appearances (22.2 MPG) for the Erie BayHawks in the G League.

10:08am: The Pelicans intend to sign veteran wing James Nunnally to a two-way contract, sources tell Shams Charania of The Athletic (Twitter link).

Nunnally, 30, made his NBA debut back in the 2013/14 season, but only played in 13 contests that season, then didn’t appear in an NBA game again until ’18/19. In total, he has played in 28 regular season games for four teams, having spent most of his professional career overseas in Europe and Asia.

Most recently, Nunnally played for Fenerbahce during the 2019/20 season. While he had a limited role for the Turkish club in EuroLeague play, he continued to knock down three-pointers at a high rate (.417 3PT%), something he has done throughout his international career.

The Pelicans don’t currently have an open two-way contract slot, but have an opening on their 15-man roster, even if they re-sign Isaiah Thomas to a second 10-day contract once his first deal expires tonight.

Naji Marshall has been a rotation player for the Pelicans as of late and seems unlikely to be waived, so if the team cuts a two-way player, Will Magnay is the more likely choice. New Orleans could also promote Marshall to the standard roster to open up a two-way spot for Nunnally, though the club doesn’t have much breathing room below the luxury tax line.