NBA Trade News: Norris Cole Signs One-Year, $3 Million Qualifying Offer With Pelicans
The New Orleans Pelicans have signed Norris Cole on a $3.03 million qualifying offer on Wednesday. Cole’s agent Rich Paul first broke the news. With Miami Heat and Pelicans last season, Cole posted an average of 7.6 points and 3.4 assists, while shooting 31.3 percent from the three-point range.
According to the deal which will have no trade clause, Cole will become an unrestricted free-agent next season.
6-foot-2 point guard Cole joined Pelicans from Miami Heat in a three-way trade during February of last season with Heat and Suns, which also brought forward Shawne Williams and center Justin Hamilton to New Orleans.
Cole went to the finals in each of his first three pro-seasons. He was with the champion side Miami Heat in 2012 and 2013.
This season, 26-year-old Cole is expected to play a key reserve role under Alvin Gentry‘s up-tempo offense. Cole was a 28th first round pick of the Chicago Bulls in 2011 draft. But he began his NBA career with the Heats after two-day draft trade.
The four-season NBA veteran now returns to New Orleans on a brand new role under a new head coach.