Norris Cole has signed his qualifying offer so we have a better handle on where the Pelicans are and where they might be headed in the future.
Finally the long saga of restricted free agency has ended for Norris Cole and the New Orleans Pelicans. Cole's intention to sign the qualifying offer was finally relayed on Wednesday to Yahoo! Sports. As I have wrote all summer this was the most likely outcome for both parties. There was a limited market for point guards this summer and Cole's options continued to dwindle as the clock ticked down to the beginning of training camp.