The Pelicans traded for a veteran center and, before he even played a game for them, signed him to a fairly lucrative contract extension.
They’ll hope it goes better with Jonas Valanciunas than Steven Adams.
After surrendering draft capital to dump Adams and Eric Bledsoe onto and get Valanciunas from the Grizzlies, New Orleans signed Valanciunas to an extension.
Andrew Lopez of ESPN:
This sounds like the largest extension Valanciunas could have signed while remaining eligible to be traded ($30,135,000)
That’s a reasonable amount to commit to 29-year-old Valanciunas, who was very good for Memphis last season. Valanciunas has once again shown he values financial security with an extension over chasing more money in free agency.