The Pelicans have waived both guards Matt Ryan and Adonis Arms, according to the NBA’s official transaction log (hat tip to Michael Scotto of HoopsHype).
Both players were on non-guaranteed training camp contracts, so the Pelicans won’t carry any dead money as a result of waiving them.
The decision to waive Ryan is a notable one. The three-point marksman was an instrumental reserve for New Orleans at times last season, averaging 5.4 points per game while shooting 45.1% from deep. He was originally on a two-way contract with the Timberwolves ahead of the 2023/24 season, but was waived last October and was claimed by the Pelicans.
Ryan parlayed his strong play into a standard contract in April. However, he was waived from that standard deal in August after the team signed Javonte Green. The Pelicans, who are operating slightly above the luxury tax line, brought Ryan back on a non-guaranteed Exhibit 9 contract but presumably want to start the season with just 14 players on standard deals in order to avoid going deeper into the tax.
Keith Langlois of Pistons.com speculates Detroit could be a landing spot for Ryan if he winds back up on an NBA roster this season (Twitter link). New Pistons head of basketball operations Trajan Langdon was the general manager in New Orleans when the team claimed Ryan last fall. The Pistons are also first in waiver order if they choose to put in a claim for him and they have an open spot on their 15-man roster while being comfortably below the salary cap.
Because Ryan was signed to an Exhibit 9 deal that didn’t include Exhibit 10 language, he’s not eligible for a bonus if he were to join the Pelicans’ G League affiliate Birmingham Squadron. Ryan holds career averages of 4.4 points on 41.1% shooting from three in 63 career appearances with the Pels, Wolves, Lakers and Celtics.
As for Arms, the Pelicans signed him to an Exhibit 10 deal at the beginning of the month. The plan is presumably for him to suit up for the Squadron, where he will be eligible for a bonus worth up to $77.5K if he spends at least 60 days in Birmingham.
Arms went undrafted last season after attending Texas Tech. He played for the Memphis Hustle last season, averaging 16.1 points, 5.9 rebounds and 3.1 assists. He was impressive in Summer League this season, averaging 20.7 points and 6.7 rebounds for the Kings.
Adonis Arms and General Booty sound like WWF tag team champions in the 80’s
Waiving Matt Ryan is a mistake