Pelicans Sign Center Karlo Matkovic To Three-Year Deal

7:27pm: The signing is official, according to a press release from the Pelicans.


7:04pm: The Pelicans are signing 2022 second-round pick Karlo Matkovic to a three-year contract, Shams Charania of The Athletic tweets. The third year will be a team option, Will Guillory of The Athletic tweets.

While Charania pegs the value of the contract at $4.9MM, a three-year, minimum-salary deal for a rookie would be worth approximately $5.4MM, so it sounds like Matkovic is getting the minimum via the second-round exception.

Matkovic provides depth at center for a team that lost Jonas Valanciunas in free agency. He played 34 games for the Slovenian club Cedevita Olimpija Ljubljana last season, then joined the Birmingham Squadron. In 10 games with New Orleans’ G League squad, he averaged 17.3 points, 7.9 rebounds, 1.9 assists and 1.5 blocks in 31.3 minutes per contest.

Matkovic was selected 52nd overall in the 2022 NBA draft by the Pelicans and had remained overseas until his G League stint.

Matkovic, 23, had six points and six rebounds in 16 minutes in the Pelicans’ Summer League opener this weekend.

The low-cost signing will aid New Orleans regarding its luxury tax concerns, John Hollinger of The Athletic tweets. Matkovic will have a first-year salary of $1,157,153 in 2024/25.

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