Not long after it was reported that the Pelicans opted not to extend a qualifying offer to Cheick Diallo, Shams Charania of The Athletic and Stadium is now reporting that New Orleans will also decline to tender a QO to swingman Stanley Johnson. As a result, Johnson will become an UFA when free agency begins on June 30.
As Charania notes, the Pelicans will now have somewhere in the vicinity of $28MM in cap space this summer after renouncing Johnson’s cap hold. Johnson, who failed to meet starter criteria this past season, only had a QO worth $4,485,665, but as a former first-round pick, his cap hold would have cost the Pelicans $11,821,206 (i.e. 300% of his 2018/19 salary) in valuable cap space.
Johnson, 23, was drafted 8th overall by Detroit back in 2015 but has largely under performed his draft position during his first four seasons in the league. Expected to come in and fill a role as a 3-and-D guy, Johnson has only converted on 29.3% of his career three-point attempts. The Pistons traded him to New Orleans last season, where he only averaged 13.7 minutes per contest in 18 games with the Pelicans.