The deal between Hart and the Pelicans became official on Thursday, and is reportedly worth $38 million. Per Guillory, the first year of the deal will pay Hart $12 million, and that is the only guarantee in the entire deal.
The second year will be worth $12.96 million, but not on a guarantee. The Pelicans will have until June 25 to pick it up.
Finally, the third year will be up to Hart, as the $12.96 million at the end of the deal is a player option, Guillory noted. That also comes with a June 25 decision date.
For the full story on Hart’s signing, click here.
More NBA Rumors
- Cavaliers guard Collin Sexton seems to realize he will not be receiving a maximum contract offer from the franchise, per Chris Fedor of Cleveland.com. Sexton has been the subject of trade rumors for much of the offseason, but it seems those talks have cooled lately. “I think there’s a recognition on Collins’s part that they’re not getting the max, not from Cleveland and not from another team in the NBA,” Fedor said on the Wine & Gold podcast.
- Neither Rajon Rondo nor Sam Merrill are likely to be members of the Grizzlies when the 2020-21 season begins, per Drew Hill of the Daily Memphian. Rondo and Merrill were acquired in separate trades this summer, and per Hill, more buyouts may loom before camp gets underway in September.
- The new contract for Raptors vice chairman/president Masai Ujiri is worth about $15 million per season, according to Michael Grange of Sportsnet. The length of the deal has not yet been determined.