NBA Rumor: Norris Cole Free Agency

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While Griffin said he felt “comfortable” with the Cavs’ current point guard situation — behind Kyrie Irving now is only rookie Kay Felder — the team has on its radar free agents Norris Cole, Mario Chalmers, and Kirk Hinrich. The Cavs have been in contact with all three players this summer, a source said, in anticipation of Williams’ move. But the team, at least at this point, is in no rush to sign one of them, preferring to let the 5-9, 21-year-old Felder get his feet wet in camp and see if Lue can work his rotation properly without them.

Restricted free agent Norris Cole signed his one-year, $3 million qualifying offer with the New Orleans Pelicans on Wednesday, completing general manager’s Dell Demps’ push to bring back all of their key players from last season. Sources confirmed Cole’s signing that was first reported by Yahoo Sports. Although the Pelicans extended Cole a qualifying offer 11 weeks ago, his agent, Rich Paul, pushed for a deal in the open market that will pay him more than $3 million. But Cole didn’t land an offer sheet with another team, but several including the Philadelphia 76ers and Lakers expressed interest. Even if Cole had received an offer sheet from another team, the Pelicans could have matched it. By agreeing to the qualifying offer, Cole will become an unrestricted free agent next summer when the salary cap is expected to increase significantly when the NBA’s new nine-year, $24 billion TV deal begins.

It has been more than 11 weeks since the New Orleans Pelicans extended restricted free agent point guard Norris Cole a $3 million qualifying offer. He remains unsigned, but the Pelicans have not given up in their push to bring him back. But a source close to Cole said talk pretty much remain at a standstill with training camp only two weeks away from starting at The Greenbrier in West Virginia on Sept. 29. Sticking to his policy, Pelicans general manager Dell Demps does not provide updates regarding ongoing negotiations. Other than Cole, Demps met his objective in bringing back all of their key players that led to a 45-37 finish last season and first playoff berth since 2011.
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