Thunder Sign Norris Cole

MARCH 1: The Thunder have officially signed Cole, the team announced today in a press release.

FEBRUARY 28: The Thunder have reached an agreement on a rest-of-season deal with free agent point guard Norris Cole, reports Shams Charania of The Vertical. Oklahoma City had opened up a spot on its roster at the trade deadline when the club sent three players to Chicago and received just two in return, so no corresponding move will be required.Norris Cole vertical

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Cole averaged a career-high 10.6 PPG and 3.7 APG last season in 45 games for the Pelicans, but was unable to land a deal with an NBA team as a free agent during the 2016 offseason. The 28-year-old ended up signing with a Chinese team, the Shandong Golden Stars, and averaged 19.1 PPG and 4.3 APG in nine CBA games before being released due to an injury.

A report in January suggested that Cole was nearing a return to full health after battling hamstring problems, so he should be good to go for for the Thunder. According to Charania, Cole recently received clearance from the CBA to sign with an NBA club.

Although there had been some rumblings that the Thunder might use their newly-opener roster spot to bring back former OKC big man Kendrick Perkins, it made more sense for the club to add a point guard. The deal with the Bulls sent Cameron Payne to Chicago, creating some potential depth issues at the position behind Russell Westbrook.

The Thunder could technically create approximately $3MM in cap room by renouncing a trade exception, but a minimum-salary contract for Cole is likely, in which case cap space would be unnecessary. Assuming the veteran guard formally signs a minimum deal with Oklahoma City today, his cap hit for the remainder of the season would be just under $254K.

Photo courtesy of USA Today Sports Images.

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