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Bobby Marks ESPN 

New Orleans now with $116.9M in contracts, $2.4M below the luxury tax after the Quinn Cook and Axel Toupane waiver. The Pelicans have 12 guaranteed and 1 (Jordan Crawford) non-guaranteed contract. The contract of Toupane would have increased from $25K to $200K and Cook from $25K to $100K if they were not released today.