The New Orleans Pelicans have reached an agreement with restricted free agent Tim Frazier according to Sham Charania of The Vertical. Frazier joined the Pelicans after the All-Star Break on a pair of 10 day contracts before signing for the remainder of the season due to the waves of injuries that besieged New Orleans. In 16 games with New Orleans last season Frazier averaged 13.1 points, 7.5 assists, and 4.4 rebounds per game while posting an impressive (and potentially unsustainable) 19.1 PER.
This signing is an absolute victory for the Pelicans front office, securing a reserve for Jrue Holiday at a ridiculously low price compared to the other deals handed out this summer. Since the contract is for just two seasons it is likely the room exception will be used.
If Dell Demps wants to he can renounce Tim Frazier, waive Toney Douglas, sign three free agents (Solomon Hill, E'Twaun Moore, and Langston Galloway), and then sign Cheick Diallo putting New Orleans right against the salary cap. After those moves are completed, use the room exception to sign Tim Frazier and sign Buddy Hield to 120% of his rookie contract hold (a standard practice).
RFA guard Tim Frazier has agreed to a two-year, $4.1M deal to re-sign with the New Orleans Pelicans, league sources tell The Vertical.— Shams Charania (@ShamsCharania) July 10, 2016
It will be interesting to see if any additional transactions occur. Were the Pelicans unable to find a suitor for Tyreke Evans on the trade market? There is some reasonable concerns on depth in the front court while the backcourt is absolutely overflowing with players deserving minutes.
Regardless, it is great to welcome back Tim Frazier to the Crescent City.