Omer Asik has reached an agreement to re-sign with the New Orleans Pelicans. As with any new contract, this one will actually be signed after the NBA moratorium period ends on July 9th. Since Asik and Alexis Ajinca have both agreed to new contracts it is an absolute certainty that the Pelicans will be operating as a team above the salary cap. Dell Demps can still bring back nearly everyone for the 2014-15 version using bird rights, or an exception in the case of Dante Cunningham. Norris Cole remains a restricted free agent.
The big numbers of this deal, five years and $60 Million, are roughly in line with what I predicted in the very beginning.