According to a Fox Houston report the New Orleans Pelicans have extended a contract offer to Houston Rockets free agent guard Jason Terry. Terry, who turns 38 in September, would be by far the oldest Pelican. Currently Kendrick Perkins, 30, holds that honor.
The report states that Terry finds the Rockets' offer insufficient. As a 16 year NBA veteran the minimum offer the Rockets could extend Terry is just under $1.5 million. In order for the Pelicans to exceed that offer they would need to utilize the Bi-Annual Exception, which can begin at $2.