The New Orleans Pelicans have waived Toney Douglas.

Douglas, 6-2, 185, appeared in 12 games for New Orleans during the 2014-15 season, averaging 4.3 points and 2.0 assists in 14.8 minutes per game. Originally signed by the Pelicans on February 4, Douglas was waived on February 19 before subsequently re-signing with the team for the remainder of the season on March 24.

Drafted 29th overall out of Florida State in 2009 by the Los Angeles Lakers, Douglas has appeared in 309 career NBA games with New York, Houston, Sacramento, Golden State, Miami and New Orleans, averaging 7.6 points and 2.2 assists in 18.9 minutes per game.

The New Orleans Pelicans and Kendrick Perkins are finalizing a contract likely for one season at the veteran's minimum.

Perkins spent the final months of last season with the Cleveland Cavaliers after he was waived by the Utah Jazz.

Anthony Davis typically prefers to play power forward, which could create minutes at center for Perkins.

Alonzo Gee has agreed upon a two-year, $2.75 million deal with the New Orleans Pelicans.

Gee spent last season with the Denver Nuggets and Portland Trail Blazers.

Gee has a career PER of 11.3 across over 7,000 career NBA minutes.

Luke Babbitt has agreed to re-sign with the New Orleans Pelicans on a $2.5 million deal.

Babbitt had an 11.1 PER in 13.2 minutes per game last season with the Pelicans.

Babbitt joined New Orleans in 2013.

Anthony Davis officially signed his new contract with the New Orleans Pelicans as soon as the moratorium was lifted.

Davis signed the deal in Hong Kong.

"Words cannot describe the excitement of the New Orleans Pelicans to have Anthony Davis as the cornerstone of our organization," said Pelicans General Manager Dell Demps. "Anthony is a great person, a phenomenal player and the ideal representative of his family, the Pelicans and the New Orleans community.

"We are thrilled to have Anthony commit to the Pelicans as we continue to build our team to have sustained success."

The exact figures of the deal will be determined once Davis is either voted onto the All-Star team as a starter or is an All-NBA selection, as well as when the official cap number for 16-17 is set. Either way, it will be the richest contract in NBA history.

"I am very excited to continue to play for the Pelicans and remain a proud resident of the City of New Orleans," stated Davis. "I want to thank Mr. and Mrs. Benson, Dell Demps, Coach Gentry, the entire Pelicans' organization, my agent Thad Foucher, my family and, of course, all of the incredible fans for their unwavering support. I look forward to many great years together."

The New Orleans Pelicans want Anthony Davis to work steadily on his three-point shooting this offseason.

"That's got to become a consistent shot for him," Gentry said, according to the New Orleans Times-Picayune. "I don't think he's going to have any problem doing it. If you go back and look at his high school days, he was a very good 3-point shooter, but all of a sudden, he decided to grow 6 or 8 inches. He still has that range, but I don't think it has been incorporated in the offense in college or the pros that he's been in."

Davis attempted only 12 three-pointers this past season.

"We want him to shoot that shot," Gentry said. "So I think you'll probably see him make more 3s than he's made his entire career."

The Pelicans plan on running their offense through Davis as much as possible.

Gentry wants Davis to make 150 three-pointers from each corner everyday.

Free agent forward Dante Cunningham has agreed to a three-year, $9 million deal to re-sign with the New Orleans Pelicans, a league source told RealGM.

Cunningham, 28, will hold a player option on the third season.

After signing two months into the NBA season, Cunningham averaged 5.2 points and 3.9 rebounds in 66 games for the Pelicans.

Cunningham has scored six points per game while averaging 3.8 rebounds in six NBA seasons. The active 6-foot-8 product has played for Portland, Charlotte, Memphis, Minnesota and New Orleans.

ESPN first reported that the Pelicans and Cunningham had come to terms.

Omer Asik and the New Orleans Pelicans are finalizing a new contract worth $60 million over five years.

Asik was acquired from the Houston Rockets last offseason in exchange for their 2015 first round pick.

The Pelicans have also expressed interest this offseason in Robin Lopez.

ESPN's Marc Stein reports the final year is not guaranteed and that only $45 million of the total contract is guaranteed.

Alexis Ajinca has agreed to re-sign with the New Orleans Pelicans on a four-year, $20.2 million deal.

Ajinca gives the Pelicans depth at center.

The Houston Rockets, New Orleans Pelicans and New York Knicks have interest in Kendrick Perkins.

Perkins finished last season with the Cleveland Cavaliers, but only played sparingly.