Pelicans sign Norris Cole to one-year qualifying offer

Norris Cole has signed a $3.03 million, one-year qualifying offer with the New Orleans Pelicans.

The deal, which will have a no-trade clause, sets the stage for the 6-foot-2 Cole to become an unrestricted free agent after this season.

The 26-year-old guard joined the Pelicans from Miami in February in a three-way deal with the Heat and Phoenix Suns that also brought forward Shawne Williams and center Justin Hamilton to New Orleans.