With his second 10-day contract expiring before tonight’s game against the Golden State Warriors, the Pelicans had to sign Cook for at least the rest of the year or let him walk.
Although the terms have yet to be announced, Cook’s deal is probably identical to the one inked by Jordan Crawford, a two-year partially guaranteed contract. In essence, it will pay Cook his minimum for the rest of this season and then next year the Pelicans can decide to keep or waive him by a certain set date. (For the 2016-17 campaign, January 10 was the date all contracts guaranteed for the rest of the season.)
On yesterday’s broadcast, Joel Meyers mentioned the Pelicans were very interested in having Cook play with the next summer league team. Consider that matter handled now.
Depending on how free agency and the 2017 NBA draft shake out, Cook and Crawford may wind up competing against one another for a single roster spot come next training camp.