SATURDAY, 11:12am: The signing is official, the Pelicans have announced via a press release.
8:58pm: Karnes has confirmed the deal via his Twitter account.
THURSDAY, 8:52pm: The Pelicans are expected to sign guard Nate Wolters to a second 10-day contract, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The first is set to expire at the end of Friday. New Orleans will have to decide whether to keep the 23-year-old for the rest of the season at the end of his next 10 days with the team, since clubs can only sign any one player to two 10-day contracts in a single season.
Wolters has seen fewer minutes per game for the Pelicans than he did with the Bucks before they released him to sign Kenyon Martin instead, but that figures to change with New Orleans starting point guard Jrue Holiday sidelined for two to four weeks. The Pelicans have given Wolters 10.5 MPG, but the Jared Karnes client started 31 games as a rookie last season for Milwaukee.
A need at the point guard position has cropped up for the Bucks since they let Wolters go, as Kendall Marshall tore his ACL last week, knocking him out for the season. Still, Milwaukee apparently intends to keep Martin around as its 15th man, as the Bucks have reportedly agreed to a deal for the rest of the season with him, even though his second 10-day contract just began on Monday. Wolters has been occupying the 14th spot on the New Orleans roster, so the Pelicans remain flexible.