Pelicans Waive Quinn Cook, Axel Toupane

11:55am: Bobby Marks of ESPN suggests that Toupane also had a partial guarantee on his contract that would have increased from $25K to $200K if he hadn’t been cut today. By waiving both Toupane and Cook, the Pelicans will carry a total of $50K in dead money for the duo — that figure would’ve increased to $300K after today.

11:12am: The Pelicans have reduced their offseason roster by two players, announcing today in a press release that they’ve waived guard Quinn Cook and swingman Axel Toupane. Cook and Toupane will become unrestricted free agents later this week if and when they clears waivers.

Both Cook and Toupane had been on non-guaranteed minimum salary contracts in New Orleans. According to Basketball Insiders’ data, Cook’s salary became partially guaranteed for $25K earlier this month, and would have become guaranteed for another $75K if he had remained on the roster through July 25. As for Toupane, his deal was fully non-guaranteed until January.

Cook and Toupane both signed contracts with the Pelicans during the final days of the 2016/17 season, allowing the franchise to get a look at both players down the stretch and over the summer before making a determination on their status. Apparently, New Orleans decided that neither youngster was in the team’s 2017/18 plans. The Pelicans still have one player – Jordan Crawford – on a non-guaranteed contract.

Having played well in the G League over the last couple years, Cook and Toupane should be candidates for training camp invites or two-way contracts from other NBA teams once they clear waivers.

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