The New Orleans Pelicans have officially waived veteran guard Elfrid Payton, a move that may come as a surprise given his recent resurgence with the team. Payton had been out of the NBA since the 2021/22 season but rejoined the Pelicans last month on a non-guaranteed contract and quickly became a fan favorite.
However, with Dejounte Murray and CJ McCollum recently returning to the team’s backcourt, Payton’s role was reduced, leading to just six minutes of playing time in Monday’s loss to Atlanta. The decision to waive Payton is likely financially motivated, as the Pelicans operate slightly over the luxury tax line and want to avoid being a “taxpayer” this season.
By waiving Payton, the Pelicans can reduce their projected tax bill and make it easier to duck out of tax territory with a trade later in the season. The move also leaves open the 15th roster spot for potential future trades. Payton’s departure may be a setback for the team, but it could provide an opportunity for other players to shine off the bench.
The news has sparked debate among fans and analysts, with some calling out the Pelicans’ decision as a mistake. However, others see it as a practical move given the team’s financial situation. One thing is clear: Payton was a talented player who showed flashes of brilliance during his time in New Orleans. Will he find another opportunity to prove himself?
Source: https://www.hoopsrumors.com/2024/12/pelicans-to-waive-elfrid-payton.html