THURSDAY, 1:08pm: The Pelicans have officially re-signed Thomas, the team announced today in a press release.
WEDNESDAY, 8:10pm: Thomas' deal with New Orleans is partially guaranteed for the first season, reports Shams Charania of Real GM who cites a league source.
6:53pm: The Pelicans have re-signed Lance Thomas to a two-year contract for the minimum salary, tweets Jared Zwerling of ESPN New York. New Orleans holds a team option for the second year of the deal. A few weeks ago, rumors swirled that Thomas and the Pelicans were moving towards a deal a month or so after the team waived him in July.
Thomas, a 6-foot-8 forward out of Duke, has spent the first two years of his NBA career with New Orleans. After he averaged 4.0 points in 17 minutes per game as a rookie, his playing time was slashed to 10.9 minutes per contest last season, though he did connect on 50 percent of his field goals as compared to 45.2 in 2011/12.