Contract Details: Gee, Frazier, M. Miller, Canaan

When the Pelicans re-signed Alonzo Gee, it appeared that they gave him a minimum-salary deal, which would have been worth $1,315,448. However, according to Eric Pincus of Basketball Insiders (via Twitter), Gee’s one-year deal is actually worth $1.4MM. It’s a curious move for New Orleans, one with no obvious explanation — a minimum-salary pact for Gee would have only cost the Pelicans a cap hit of about $980K, so the $85K pay bump for the veteran forward actually costs the team over $400K.

Gee had previously declined a player option for the 2016/17 season with the Pelicans. If he had exercised that option, he would have earned $1,379,400 for the upcoming year, so perhaps New Orleans agreed to give him a slight raise to allow him to save face on that decision.

Here are several more contract details on recently-signed contracts, via Pincus:

  • The Pelicans used a portion of their room exception to complete Tim Frazier‘s two-year, $4.09MM deal, tweets Pincus. The signing leaves New Orleans with $808K still available on that room exception. Pincus also notes that the Pelicans renounced Frazier’s qualifying offer before re-signing him, technically making him an unrestricted free agent, rather than an RFA.
  • When Terrence Jones agreed to sign with the Pelicans, it was expected to be a minimum-salary deal unless the club could create more cap room to give him some extra money. That didn’t end up happening, so Jones got the minimum, says Pincus (via Twitter).
  • Initially reported to be worth $5MM over two years, Mike Miller‘s two-year pact with the Nuggets is actually for $7MM, according to Pincus (via Twitter). However, the second year is fully non-guaranteed.
  • Brandon Paul received a two-year, minimum-salary contract from the Sixers that includes a $155K guarantee in year one, per Pincus (Twitter links). Philadelphia holds a team option on year two, which will be non-guaranteed even if the team picks up that option.
  • Pincus provides details on a couple more minimum-salary contracts with partial guarantees, reporting (via Twitter) that D.J. Stephens got $35K from the Grizzlies, while Isaiah Canaan will have a $200K guarantee from the Bulls for 2017/18 — Canaan’s 2016/17 salary is fully guaranteed.
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