Pelicans Rumors

Southwest Notes: Bogut, Simmons, Hield, Nowitzki

New Mavericks center Andrew Bogut was back on the court today for the first time since hurting his left knee in Game 5 of the NBA Finals, reports ESPN.com. Bogut played nine minutes for the Australian National Team in an Oympic tune-up against China. He wore a brace on his knee as he registered three rebounds and an assist. “I think his first game back from an injury is always difficult,” said Australian assistant coach Luc Longley. “We’re fairly happy with how he moved, how he looked on the court and will build from that.”

There’s more news from the Southwest Division:

  • Jonathon Simmons‘ contract with the Spurs is now fully guaranteed for next season, relays Emiliano Carchia of Sportando. The second-year shooting guard will make $847,636 after the guarantee deadline passed Saturday.
  • The Pelicans expect first-round pick Buddy Hield to have ups and downs during his rookie season, writes Ian Thomsen of NBA.com. Hield struggled with his shot in his first summer league experience, connecting on just 33% from the field and 23% from 3-point range. New Orleans is counting on Hield to replace Eric Gordon, who signed with the Rockets in free agency. “With him it’s never going to be about effort,” said Pelicans coach Alvin Gentry. “It’s just going to be about the experience of learning, and if that’s all you’ve got to worry about then I think he’s going to be a very good player. It’s going to be a roller coaster season for him. He’s going to have some 30-point games, he’s also going to have some 3-for-15 games. That’s all a part of learning as a rookie. But you tell me a rookie that’s come in this league that hasn’t done that.”
  • After years of being paid below his market value, the MavericksDirk Nowitzki deserves the two-year, $50MM deal he signed this summer, contends Tim MacMahon of ESPN.com. Nowitzki said he took less in previous years to help Dallas assemble the best possible team and noted that the Mavericks were able to trade for Tyson Chandler and sign Chandler Parsons because of it.

Free Agent Spending By Division: Southwest

Over the next week, we’ll be breaking down 2016 NBA free agent spending by division, examining which teams – and divisions – were the most active this July.

These divisional breakdowns won’t present a full picture of teams’ offseason spending. Some notable free agents, including LeBron James, remain unsigned, so there’s still money out there to be spent. Our lists also don’t include money spent on this year’s first- and second-round picks or draft-and-stash signings. There are a few free agent names missing in some instances as well, since those deals aren’t yet official or terms haven’t been reported.

Still, these closer looks at divisional spending should generally reveal how teams invested their money in free agency this summer, identifying which clubs went all-out and which ones played it safe.

With the help of our Free Agent Tracker and contract info from Basketball Insiders, we’ll kick off the series today with a look at the Southwest division. Let’s dive in…

1. Memphis Grizzlies

  • Total money committed: $266,310,613
  • Guaranteed money committed (including player options): $251,079,762
  • Largest expenditure: Mike Conley (five years, $152,607,578)
  • Other notable signings:
  • Notes:
    • Wayne Selden‘s deal is not included in these totals, since it’s a summer contract and won’t count toward the Grizzlies’ cap unless he makes the regular-season roster.
    • The fifth year of Conley’s deal is not fully guaranteed for now, but will become guaranteed if Conley plays in 55 games in the 2018/19 or 2019/20 seasons.

2. Dallas Mavericks

  • Total money committed: $208,352,773
  • Guaranteed money committed (including player options): $173,518,115
  • Largest expenditure: Harrison Barnes (four years, $94,438,523)
  • Other notable signings:
  • Notes:
    • Keith Hornsby‘s contract with the Mavericks is not included in these figures, since details haven’t yet been reported.
    • Nowitzki’s deal contributes significantly to the gap between the Mavs’ total money and guaranteed money committed, since his second year ($25MM) is a team option.

3. Houston Rockets

  • Total money committed: $135,784,790
  • Guaranteed money committed (including player options): $135,784,790
  • Largest expenditure: Ryan Anderson (four years, $80,000,000)
  • Other notable signings:
  • Notes:
    • The Rockets are believed to have two-year, minimum-salary agreements in place with Pablo Prigioni, Kyle Wiltjer, Isaiah Taylor, and Gary Payton II. However, those deals haven’t been made official, so they’re not included in our totals.
    • Bobby Brown‘s deal is not included in these totals, since it’s believed to be a summer contract which won’t count toward the Rockets’ cap unless he makes the regular-season roster.

4. New Orleans Pelicans

  • Total money committed: $99,104,431
  • Guaranteed money committed (including player options): $99,104,431
  • Largest expenditure: Solomon Hill (four years, $48,000,000)
  • Other notable signings:
  • Notes:
    • Terrence Jones will earn $1,050,961 on a minimum-salary contract, but the Pelicans will only pay $980,431 of that salary, with the NBA footing the rest of the bill.
    • The Pelicans still figure to add non-guaranteed deals to fill out their preseason roster, but all their signees so far have had fully guaranteed contracts.

5. San Antonio Spurs

  • Total money committed: $57,678,976
  • Guaranteed money committed (including player options): $54,981,536
  • Largest expenditure: Pau Gasol (two years, $31,697,500)
  • Other notable signings:
  • Notes:
    • Lee’s contract hasn’t been formally announced, but it’s said to be a two-year, minimum-salary pact with a player option in year two. We’ve included that deal in our count, but not Patricio Garino‘s, since the official terms on that one haven’t been reported.
    • Ryan Arcidiacono and Bryn Forbes are the only Spurs free agent signings without fully guaranteed deals so far.

And-Ones: NBPA, Monroe, Murray

On Wednesday, the NBPA announced in an unprecedented move, that it will now fund health insurance for all retired players who accrued three or more years of service time in the NBA (h/t RealGM). This program will be the first of its kind among North American professional sports, the release noted. “The game has never been more popular, and all the players in our league today recognize that we’re only in this position because of the hard work and dedication of the men who came before us,” said Chris Paul. “It’s important that we take care of our entire extended NBA family, and I’m proud of my fellow players for taking this unprecedented step to ensure the health and well-being of our predecessors.”

Here’s more from around the league:

  • The Bucks are still looking to find a taker for Greg Monroe and it sounds like they’ve spoken to the Pelicans about him this offseason. “I think [the Bucks] got closer than maybe has been reported with New Orleans during either the draft or free agency,” ESPN’s Zach Lowe said during today’s episode of The Lowe Post podcast (54:25 mark for the relevant portion). “Monroe’s a New Orleans native,” ESPN’s Marc Stein added. “I think that’s where he wants to end up.” Neither Lowe nor Stein suggested that a deal between the Pelicans and Bucks is currently in the works, but Stein expects the big man to eventually be moved, and those two clubs also discussed Monroe prior to this year’s trade deadline.
  • Richard Jefferson‘s contract with the Cavaliers is for three years, not for two as was previously reported, notes Eric Pincus of Basketball Insiders (Twitter link). The veteran will earn $2.5MM in each of the first two seasons, with the final season worth a non-guaranteed $2.6MM, Pincus adds.
  • Add former NBA player Flip Murray to the list of veterans considering making a return to the league, as he told Alex Kennedy of Basketball Insiders. “I would definitely bring a lot of veteran leadership because I know the game of basketball,” Murray said. “The way the game is now, I feel like I could fit perfectly in. I could be someone who comes off the bench and produces for the team. I’d also like to mentor the young guys and pass on some of the experiences and lessons I learned from playing against some of the guys I matched up against during my time. If I come in right now, I could bring a lot of veteran leadership and still be able to produce on the court.” The 36-year-old last appeared in the NBA during the regular season in 2009/10.

Contract Details: Gee, Frazier, Jones

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.

  • 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).

Galloway Will Play Both Guard Spots

  • Langston Galloway isn’t sure how the Pelicans will use him in the backcourt, according to John Reid of the New Orleans Times Picayune. The former Knick, who signed a two-year, 10MM deal with New Orleans, told Reid that coach Alvin Gentry and GM Dell Demps informed him that he could play extensively at both spots. ”So far, getting a chance to meet with Alvin and Dell, we just had a chance to say it’s a great opportunity to work hard and compete at the point guard and off-guard positions,” Galloway said.

Playing Time, Davis Brought Jones To New Orleans

  • The opportunity to play steady minutes and rejoin forces with his ex-college teammate Anthony Davis were major factors in Terrence Jones’ decision to sign with the Pelicans, Oliver Maroney of Basketball Insiders writes. Jones, who signed a one-year contract worth an estimated $980K, appeared in only 50 games last season. “I wanted an opportunity to play for a team that is young and defining itself, but could still compete right away,” Jones told Maroney. “I wanted a larger role, where I could really compete and help a team win.” He’s excited about the prospect of playing alongside Davis, with whom he won the NCAA championship at Kentucky, Maroney adds. “We both work well together and we’ve already got a great chemistry and friendship,” Jones said. “When he’s healthy, I think he’s as good as any other big in the league, so I am excited to see what we can do this year.”
  • The Pelicans renounced their rights to Norris Cole, Kendrick Perkins and Jordan Hamilton, Justin Verrier of ESPN.com tweets. Those moves allowed them to officially sign both Jones and point guard Tim Frazier.

New Orleans Likely To Host All-Star Game

New Orleans has emerged as the strong favorite to host the All-Star Game in February, a source close to the situation informed Brian Mahoney of The Associated Press. The NBA pulled the game from Charlotte on Thursday in protest of a North Carolina law that limits anti-discrimination protections for lesbian, gay and transgender people. Charlotte will host the 2019 ASG if sufficient changes are made to the law, Mahoney adds. Boston and Atlanta have also shown interest in hosting the event, Mahoney continues. The Pelicans franchise also hosted the ASG in 2008 and 2014.

Tim Frazier Re-Signs With Pelicans

Apr 5, 2016; Philadelphia, PA, USA; New Orleans Pelicans guard Tim Frazier (2) dribbles against the Philadelphia 76ers at Wells Fargo Center. The Philadelphia 76ers won 107-93. Mandatory Credit: Bill Streicher-USA TODAY Sports

Bill Streicher / USA TODAY Sports Images

JULY 22, 3:26pm: The signing is official, per team release.

JULY 10, 12pm: Free agent point guard Tim Frazier is close to re-signing with the Pelicans, posts Marc Stein on ESPN Now. Shams Charania of The Vertical reports (via Twitter) that it’ll be a two-year, $4.1MM agreement for Frazier and the Pelicans.

Frazier first signed with New Orleans in March after being waived in February by the Trail Blazers. He averaged 13.1 points and 7.5 assists in 16 games with the Pelicans. He has also played briefly for the Sixers during his two years in the NBA.

Frazier is expected to serve as a backup to Jrue Holiday, who is entering the final year of his contract.

Pelicans, Terrence Jones Agree To Deal

JULY 22, 3:23pm: The signing is official, per team release.

JULY 14, 4:57pm: Stein has amended his report, tweeting that New Orleans and Jones have agreed to a one-year deal at the minimum salary. The Pelicans are trying to create a bit more cap room, so Jones may see that salary increase, Stein adds.

4:43pm: Jones has at least one offer on the table that will pay him more than the Pelicans offered, Marc Stein of ESPN.com tweets. New Orleans is still hopeful of landing the forward, Stein adds. Charania has a different take, tweeting that Jones and the Pelicans are in the process of finalizing a deal.

12:26am: The Pelicans are nearing a deal with free agent power forward Terrence Jones, according to Shams Charania of The Vertical (via Twitter). Charania reports that New Orleans is expected to sign Jones to a one-year contract.Terrence Jones vertical

Jones, 24, had an impressive sophomore season for the Rockets back in 2013/14, starting 71 of his 76 games played, and averaging 12.1 PPG, 6.9 RPG, and 1.3 BPG to go along with a .542 FG%. Since then, however, he has battled injuries and his production has been inconsistent. Jones had been eligible for restricted free agency this summer, but Houston opted not to extend him a qualifying offer, allowing him to hit the open market as an unrestricted free agent.

The Pelicans haven’t made a huge splash in free agency this summer, but the team has been steadily adding solid rotation pieces to its roster. New Orleans has previously reached agreements with Solomon Hill, E’Twaun Moore, Langston Galloway, and Tim Frazier.

[RELATED: Pelicans’ free agent signings, via our Free Agent Tracker]

Jones has likely received interest from teams interested in locking him up for more than one season, but given his up-and-down performance over the last two seasons, it makes sense that he’d be looking to rebuild his value on a one-year contract. If he has a strong year with the Pelicans, the Kentucky product could parlay that showing into a longer-term – and more lucrative – deal in free agency next summer.

Photo courtesy of USA Today Sports Images.

Pelicans Sign First-Rounder Buddy Hield

The Pelicans are finalizing several contract agreements this week as they get their roster and cap in order for the coming season, and the latest player to sign his deal with the team is sixth overall pick Buddy Hield. New Orleans announced today in a press release that Hield his signed his rookie contract with the club.

“We could not be more excited to add a player and person like Buddy Hield to the New Orleans Pelicans,” GM Dell Demps said in a statement. “He embodies all the traits we care about in our organization. His work ethic, energy and confidence have been on full display since he stepped foot in New Orleans. We look forward to helping him grow as a player as he will help us become a better team.”

Hield, who was the first senior to come off the board in last month’s draft, was one of the best players in the nation during his final year at Oklahoma. The 22-year-old averaged 25.0 PPG and 5.7 RPG to go along with a sizzling 45.7% mark from three-point range (4.0 3PG).

As our breakdown of salaries for 2016 first-round picks shows, Hield should be in line for a first-year salary of $3,517,200, and he’ll earn $15,887,648 if he plays out his full rookie contract. With Hield locked up, only five 2016 first-rounders have yet to either sign their rookie contracts or reach an agreement to play overseas.