JULY 15TH: The deal is official, the team announced via press release.
JULY 9TH: The Pelicans have agreed to sign former Louisville point guard Russ Smith, the 47th overall pick in this year’s draft, to a guaranteed contract, as Louisville coach Rick Pitino told reporters, including Jeff Greer of The Courier-Journal (Twitter link). The length of the contract and the amount of guaranteed money aren’t immediately clear. The Pelicans acquired the rights to Smith in a draft-night trade that sent the rights to last year’s second-rounder Pierre Jackson to Philadelphia.
Smith was a consensus All-American this past season as a senior for the Cardinals, averaging 18.2 points and 4.6 assists in 29.3 minutes per game. He also shot 38.7% from behind the three-point line. That percentage along with his assists average were significant increases from 2012/13, when he helped lead Louisville to the national championship.
The 6’1″ 23-year-old appears to be the first 2014 second-round pick who’s agreed to a deal, as our list of 2014 Draft Pick signings shows.