4:57pm: The Pelicans have officially waived Jones, the team announced today (via Twitter). The big man will be an interesting player to watch on waivers — since he signed a one-year, minimum salary contract last summer, any team could claim him using the minimum salary exception, so it’s possible he won’t reach the open market.
2:21pm: The Pelicans are expected to waive Terrence Jones, Justin Verrier of ESPN reports. New Orleans had previously shopped Jones on the trade market, but- seemingly unable to find a trade partner- will waive the 25-year-old so he can pursue an opportunity elsewhere (Twitter links)
Jones is sure to generate interest on the buyout market. New Orleans received excellent value from Jones, who signed a one-year, $1.05MM contract over the offseason. The former Kentucky Wildcat averaged 11.5 points over 51 games, shooting 47.2% from the field.
The Pelicans now have a vacant roster spot, which they may use on a guard. Earlier today, Marc Stein of ESPN relayed the team’s intent on auditioning Jarrett Jack (Twitter link). Additionally, the Pelicans recently staged work-out sessions for Wayne Selden, Mario Chalmers, Hollis Thompson, Quinn Cook, and Reggie Williams.