Details have emerged on Russ Smith’s recently signed contract with the New Orleans Pelicans.

Russ Smith has signed a 3-Year $2,332,826 deal with the New Orleans Pelicans.  Russ will earn $507,336 during the 2014-15 season, the 1st year is the only guaranteed year in the deal.

Russ is under contract through the 2016-17 seasons with a scheduled salary of $845,059 during the 2015-16 season, escalating to $980,431 for the 2016-17 NBA Season.

The Pelicans do retain a club option for 2017-18 where Russ would be a Restricted Free Agent.  If that option is activated Russ would be due $1,251,245.

Also if Russ is waived before 7/15/15 by the Pelicans he would be due $150,000……..if he is waived AFTER 7/15/15 then his 2015-16 season becomes fully guaranteed.  The same clause exists for the 2016-17 term of his contract minus the $150,000 waiver fee.

*NOTE: does not report contracts as signed until they are verified in the league’s system and details of the deal are known.

2014-2015 507,336 507,336
2015-2016 845,059 845,059
2016-2017 980,431 980,431
2017-2018 1,251,245 1,251,245
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