New Orleans Pelicans Rumors | Hoops Rumors

J.J. Redick Signs Two-Year Deal With Pelicans

July 15th, 2019 at 5:17pm CST by Luke Adams

JULY 15, 517pm: Redick’s contract signing is official, according to a team press release.

JUNE 30, 5:03pm: The Pelicans have reached an agreement with veteran sharpshooter J.J. Redick, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Redick will sign a two-year, $26.5MM deal with the club.

It’s a savvy addition for a Pelicans club that looks more intriguing by the day. While the team has added a boatload of talent so far this offseason – including Zion Williamson, Jaxson Hayes, Lonzo Ball, and Brandon Ingram – the roster was still lacking in floor-spacers. Redick will provide that spacing in spades.

Redick, who is entering his age-35 season, is a career 41.3% shooter from beyond the three-point line. Last season in Philadelphia, he averaged a career-best 18.1 PPG and knocked down a career-high 3.2 threes per game at a 39.7% rate.

While the Sixers will lose Redick, they’ve recovered nicely tonight, agreeing to terms with Al Horford and setting up a sign-and-trade deal involving Jimmy Butler that will send Josh Richardson to Philadelphia.

Meanwhile, the Pelicans still have cap room after committing to Redick, but appear set to use most of the rest of it to acquire Derrick Favors from Utah.

Photo courtesy of USA Today Sports Images.

Pelicans Waive Christian Wood

July 15th, 2019 at 4:23pm CST by Dana Gauruder

The Pelicans have waived power forward/center Christian Wood, Shams Charania of The Athletic tweets.

Wood had a non-guaranteed $1,645,357 salary, of which $822,679 would have become guaranteed if he was on the opening-day roster. The Pelicans now have 13 players with fully guaranteed contracts and two others with non- or partial guarantees.

The Bucks waived Wood in March and the Pelicans claimed him. Wood saw spot duty in 13 games with Milwaukee. He played eight games with New Orleans, including two starts, and averaged 16.9 PPG and 7.9 RPG.

By letting go of Wood, New Orleans opens up a spot for Italian power forward Nicolo Melli, who agreed to a two-year contact in late June.

No Word Yet On Kenrich Williams' Partial Guarantee

July 15th, 2019 at 3:18pm CST by Luke Adams

The other players with guarantee dates today, according to Bobby Marks of ESPN (Twitter link), are Damyean Dotson (Knicks) and Kenrich Williams (Pelicans). A report in early July indicated that the Knicks will hang onto Dotson and guarantee his $1,618,520 salary. There have been no updates one way or the other on Williams, who would get a $200K partial guarantee if he’s not released today.

Trade Details: Napier, Graham, Warriors, Pacers, More

July 10th, 2019 at 4:59pm CST by Luke Adams

Eric Pincus of Basketball Insiders has provided some additional details on one of the most interesting trade sequences of the offseason, filling in the blanks on the deals that sent Shabazz Napier and Treveon Graham from Brooklyn to Golden State to Minnesota.

As previously outlined by cap guru Albert Nahmad (Twitter link), in order to match salaries in their sign-and-trade deal for Kevin Durant ($38,199,000), the Nets had to send out $30,479,200 in salaries of their own, but D’Angelo Russell‘s maximum salary was only worth $27,285,000.

Brooklyn included Napier’s ($1,845,301) and Graham’s ($1,645,357) non-guaranteed contracts to make up that $3,194,200 difference, but had to partially guarantee those salaries in order for them to count for salary-matching purposes. According to Pincus (via Twitter), the Nets did so by giving each player a guarantee worth $1,597,100.

The hard-capped Warriors, who only took on the duo in order to acquire Russell, didn’t want those contracts on their books, so they flipped them to the Timberwolves in a separate trade. According to Pincus (via Twitter), Golden State paid $3.6MM in cash to Minnesota in that deal, more than enough to cover both players’ full salaries and make it worth the Wolves’ while (Napier’s and Graham’s combined salaries total $3.5MM for 2019/20).

[RELATED: 2019 NBA Offseason Trades]

Interestingly, teams are limited to sending out a total of $5,617,000 in cash in trades during the 2019/20 league year, and the Warriors have now sent out $3.6MM to Minnesota and $2MM to Memphis (in the Andre Iguodala deal). In other words, Golden State won’t have the ability to send out additional cash later in the season in another trade.

Here are more details on recent trades:

In the three-way trade that landed them T.J. Warren from Phoenix and three future second-round picks from Miami, the Pacers sent $1.1MM in cash to the Suns, per Pincus (Twitter link).
The Clippers sent $110K to the Heat in the four-team Jimmy Butler sign-and-trade deal, says Pincus (Twitter link). That small amount of cash – the minimum allowable in a trade – was the only outgoing piece for the Clips in a swap that landed them Maurice Harkless, the Heat’s lottery-protected 2023 first-round pick (later included in the Paul George package), and the draft rights to 2017 second-rounder Mathias Lessort.
In addition to getting $1.1MM from the Wizards in their three-team Anthony Davis trade, the Pelicans also received $1MM in cash from the Lakers, tweets Pincus. Pincus also notes that Washington used its trade exception from February’s Markieff Morris trade to take on Bonga’s $1.42MM salary. That exception was originally worth $8.6MM and was also used to acquire Davis Bertans ($7MM), so it has essentially been all used up.

Pelicans Offer Jeff Bzdelik Spot On Gentry's Staff

July 9th, 2019 at 11:27am CST by Luke Adams

After being let go by the Rockets this spring, veteran assistant coach Jeff Bzdelik is generating significant interest from one of Houston’s division rivals. According to Marc Stein of The New York Times (Twitter link), The Pelicans have offered a spot on Alvin Gentry‘s coaching staff to Bzdelik, who is weighing his options after leaving Houston.

While nothing has been finalized yet, David Aldridge of The Athletic suggests (via Twitter) that Bzdelik and the Pelicans are “close” to a deal. The longtime NBA and college coach, who previously had a stint as Denver’s head coach is one of the most highly-regarded defensive coordinators in the league, as both Stein and Aldridge note.

If the Pelicans finalize an agreement with Bzdelik, he could step into the role vacated by former assistant Darren Erman, who recently left the club’s coaching staff.

Pelicans Waive Dairis Bertans

July 7th, 2019 at 4:27pm CST by clarkcrum

4:27pm: Bertans’ release is now official, per NBA.com’s transactions log. According to Lithuanian journalist Donatas Urbonas (Twitter link), the 29-year-old has already reached an agreement to sign with Russian club Khimki.

3:04pm: According to his agent, Arturs Kalnitis (Twitter link), the Pelicans will waive guard Dairis Bertans. Per Kalnitis’ tweet, it appears unlikely that Bertans will be claimed off waivers by another NBA team.

The news isn’t entirely unexpected, as the Pelicans would have had 17 players on standard contracts after the team’s trade for Lonzo Ball, Brandon Ingram, and Josh Hart, reported trade for Derrick Favors, and reported signings of J.J. Redick, Darius Miller, and Nicolo Melli all came through.

Teams are permitted to have as many as 20 players on their roster during the offseason, but the Pelicans didn’t have the necessary cap space to sign Redick and trade for Favors without trimming some salary from their roster. By waiving Bertans, the Pelicans now figure to be able to complete those two deals, depending on the value of the first-year salary of Redick’s new contract.

Based on my math, the Pelicans can sign Redick to a starting salary of $12,853,641 after waiving Bertans (assuming Melli is signed with the room exception). With standard 5% raises, the total value of Redick’s contract would be just under $26.35MM, which is in line with the reported $26.5MM value.

As for Bertans, the 29-year-old Latvian will likely return to Europe after his one-year stay in the NBA, where he averaged 2.8 PPG in 12 games with the Pelicans.

Darren Erman Leaving Team

July 7th, 2019 at 4:01pm CST by clarkcrum

According to Scott Kushner of The Advocate, associate head coach Darren Erman is leaving the Pelicans coaching staff. Per Kushner, Erman remains a candidate for other NBA coaching jobs.

Pelicans Acquire Derrick Favors For Two Second-Rounders

July 7th, 2019 at 3:37pm CST by JD Shaw

JULY 7: The Jazz have officially traded Favors to the Pelicans, according to press releases issued by both teams.

Utah’s press release features a statement from owner Gail Miller praising Favors and thanking him for his “immeasurable contributions” to the organization. Meanwhile, Pelicans head of basketball operations David Griffin said in a statement that New Orleans is “ecstatic” to acquire a “player and person of Derrick’s caliber.”

“As a selfless, 27-year old elite rim protector, with what we believe is untapped offensive potential, he is just entering his prime,” Griffin said of Favors. “We believe he will be a vital piece of our nucleus moving forward.”

JULY 1: The Pelicans will send Utah the Warriors’ 2021 and 2023 second-round picks in the swap, tweets ESPN’s Adrian Wojnarowski. New Orleans had initially acquired both picks in a draft-night deal with Golden State.

JUNE 30: The Pelicans have agreed to acquire forward Derrick Favors in a trade with the Jazz, according to Tony Jones of The Athletic (Twitter link). New Orleans will send draft picks in exchange for Favors, Jones adds.

ESPN’s Zach Lowe was first to report Utah’s desire to move Favors to New Orleans, with the two sides reaching a deal hours into the first night of free agency.

The Jazz worked to trade Favors’ contract after reaching agreement on a four-year, $73MM deal with free agent Bojan Bogdanovic earlier in the night.

Favors, 27, has spent the past nine years of his career with the Jazz. He averaged 11.8 points, 7.4 rebounds and 23.2 minutes per game last season, starting in 70 of a possible 76 games.

Photo courtesy of USA Today Sports Images.

Pelicans Sign Hayes, Alexander-Walker

July 7th, 2019 at 3:19pm CST by clarkcrum

The Pelicans have inked their two first-rounders from the 2019 NBA Draft not named Zion, agreeing to terms with both big man Jaxson Hayes (No. 8 overall) and guard Nickeil Alexander-Walker (No. 17 overall), per the NBA.com’s transactions log.

Assuming both players signed for the standard 120% of the rookie-scale, Hayes will earn $4,862,040 in his rookie season and $22,118,492 over the life of the contract, while Alexander-Walker will earn $2,964,840 in his first season and $14,349,113 over four years.

In his lone season at Texas, Hayes appeared in 32 games, averaging 10.0 PPG. 5.0 RPG, and an impressive 2.2 BPG en route to being named the 2018/19 Big 12 Rookie of the Year.

As for Alexander-Walker, he averaged 16.2 PPG, 4.1 RPG, and 4.0 APG during his sophomore season for Virginia Tech after averaging 10.7 points and 3.8 rebounds per game as a freshman. For his efforts last year, he was named 2018/19 Third Team All-ACC.

Free Agency Notes: Cap Holds, Williams, Magic, Wizards

July 7th, 2019 at 12:58pm CST by Luke Adams

Nearly half the teams in the NBA renounced their rights to multiple free agents this week as they prepared to make new roster moves official, per RealGM’s transactions log. In some cases, like when the Clippers renounced the rights to Garrett Temple and Wilson Chandler, those free agents already new homes lined up, and removing their cap holds was simply a formality to create cap room for incoming additions.

In other cases, the housekeeping moves were a bit more noteworthy. The Pacers, for instance, renounced Darren Collison‘s Bird rights, so if the 31-year-old – who announced his retirement before the start of free agency – ever attempts an NBA comeback, Indiana will no longer have a leg up to re-acquire him.

Besides those two teams, the Hawks, Bucks, Nets, Jazz, Sixers, Clippers, Pelicans, Lakers, Kings, Celtics, Wizards, and Bulls also renounced various free agents, according to RealGM’s log.

Here are a few more notes related to free agency:

The Lakers have withdrawn their qualifying offer to two-way player Johnathan Williams and renounced his rights, according to RealGM. That doesn’t preclude the Lakers from bringing back Williams on a new two-way deal, but he’ll be able to sign outright with a new team if he so chooses.
At least nine teams are now confirmed to attend the Amar’e Stoudemire/Monta Ellis workout taking place in Las Vegas on Monday, tweets Jordan Schultz of ESPN. We previously relayed word of Stoudemire’s and Ellis’ attempts to make NBA comebacks.
ESPN’s Bobby Marks provides salary cap updates on a pair of Southeast teams, tweeting that the Magic and Wizards are both safely out of luxury tax territory for now. According to Marks (Twitter links), Orlando has $3.5MM in breathing room under the tax line, counting Khem Birch‘s $1.8MM cap hold, while Washington is about $4MM below that threshold after cutting Jonathon Simmons.