Some big news today in the Penn State hoops universe, as former Nittany Lion point guard extraordinaire Tim Frazier, was re-signed by the New Orleans Pelicans to a 2-year, $4.1 million deal according to The Vertical's Shams Charania:
RFA guard Tim Frazier has agreed to a two-year, $4.1M deal to re-sign with the New Orleans Pelicans, league sources tell The Vertical.— Shams Charania (@ShamsCharania) July 10, 2016
After being released from the Portland Trail Blazers last season and subsequently proceeding to tear it up once again in the NBA's D-League for the Maine Red Claws, Frazier was given another opportunity in the big leagues when the injury-riddled Pelicans signed him to a pair of 10-day contracts before signing him for the remainder of the season.
Needless to say, Frazier made the most of his newfound opportunity, garnering a solid 13.1 points, 7.5 assists, and 4.4 rebounds per game over the course of 16 appearances. As a restricted free agent following the end of this past NBA season, there were rumors that he could possibly end up as a New York Knick at one point before the Pelicans decided to make a move and re-sign him for a couple more seasons.
SB Nation's Pelicans blog, The Bird Writes, had the following #hottake regarding this move:
This signing is an absolute victory for the Pelicans front office, securing a reserve for Jrue Holiday at a ridiculously low price compared to the other deals handed out this summer. Since the contract is for just two seasons it is likely the room exception will be used.
Congratulations, Timmy! Here's to seeing more highlight reels from you such as this: