3:51pm: The value of the Pelicans' offer sheet seems to be growing by the minute, as Sam Amick of USA Today now tweets that it's worth $48MM. While various outlets can't seem to agree on the exact amount, Amick notes that it's unlikely the Kings would match an offer of $44-48MM.
3:44pm: The Pelicans' four-year offer to Evans is worth $44MM, tweets TNT's David Aldridge.
3:27pm: After meeting with Tyreke Evans overnight, the Pelicans made a "lucrative" four-year offer to the restricted free agent, reports Sam Amick of USA Today (via Twitter). According to Sean Deveney of the Sporting News (via Twitter), the offer is worth $40MM over four years. Evans is scheduled to meet with the Pistons and Kings today.
If Evans, 23, were to agree to terms with the Pelicans, he wouldn't be able to sign an offer sheet until the July moratorium is lifted on the 10th. Once he signed, the Kings would have three days to decide whether to match the offer or let Evans walk.
Of course, there's no guarantee Evans will sign the Pelicans' sheet. It's possible that the Pistons, Kings, or another club could top that offer, and it's not clear what sort of fit Evans would be in New Orleans anyway. There's a belief that the 23-year-old is reluctant to join a team where he'd be playing small forward, and New Orleans' backcourt appears crowded, with Jrue Holiday, Greivis Vasquez, and Eric Gordon all under contract through at least next season.