Lance Thomas will re-sign with the New Orleans Pelicans on a two-year contract that is partially guaranteed in the first season, a league source told RealGM.

The Pelicans hold a team option on the second year of Thomas' new deal. 

Thomas has played both of his NBA seasons for New Orleans, and the 25-year-old forward averaged 2.5 points and 1.9 rebounds a year ago. 

RealGM first reported on Aug. 8 that Thomas was nearing a likely deal with the Pelicans.