The Pelicans waived Lance Thomas on Tuesday.
Lance Thomas re-signed with the Pelicans for two years at the league minimum.
Lance Thomas is closing in on a deal with the Pelicans, a league source told RealGM.com.
Pelicans waive F Lance Thomas.
Lance Thomas is expected back with the Pelicans next season because his team contract option is worth under $1 million.
Monty Williams revealed before Friday's game that Lance Thomas had a sprained MCL earlier this season and played through it.
Lance Thomas started at small forward instead of Al-Farouq Aminu on Monday, but missed all three of his shot attempts to finish with zero points, four rebounds, and one assist in 14 minutes.
Lance Thomas practiced with the Hornets first unit on Saturday, playing SF in place of Al-Farouq Aminu.
Lance Thomas played 26 minutes in Friday's exhibition game against the Rockets, scoring five points on 2-of-7 shooting with eight rebounds and one block.
Lance Thomas was praised for his play in summer league.
Lance Thomas has been named to the USA Select Team.
Lance Thomas started Monday's game against the Bobcats, missing all three of his field goal attempts for zero points with two rebounds and three assists in 13 minutes.
Making a fill-in start at PF on Saturday, Lance Thomas had six points and seven rebounds in 33 minutes of action.
Lance Thomas made his first career start for the short-handed Hornets on Saturday, finishing with eight points, four rebounds, one steal and two blocks in 19 minutes.