On Friday, the New Orleans Pelicans trimmed their roster in a financially driven maneuver that moved them just $1.6 million over the luxury tax. The tax distribution to teams that don't cross that threshold is a projected record high of $18.2M.
On Friday, the New Orleans Pelicans trimmed their roster in a financially driven maneuver that moved them just $1.6 million over the luxury tax. The tax distribution to teams that don't cross that threshold is a projected record high of $18.2M.
In 28 appearances with the Pelicans last regular season, including one start, Ryan averaged 5.4 points and knocked down 45.1 percent of his 3.3 attempts from three-point range. That earned him a new three-year, $6.1 million contract in late April. However, while they guaranteed his $1.5 million deal for the 2023-24 campaign, his $2.2 million salary for 2024-25 wasn't set to become guaranteed until the first day of the upcoming regular season.The former Notre Dame Fighting Irish standout finished the 2021-22 season with the Celtics, appearing in one regular season game and getting into a playoff tilt during their Finals run that year.
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