The 22-year-old Queenslander was one of four recruits confirmed by the Pelicans on Thursday morning (AEDT), along with centre Ike Anigbogu, guard Tony Carr and forward Jarrod Uthoff.

The two-way contract means Magnay, who led the NBL in blocked shots last season as the league's most improved player, will split his time between New Orleans and their G-League affiliate the Erie Bayhawks.

"I'm really excited to start the next chapter of my career with the Pelicans," Magnay said.

"It's a dream come true and I'm very thankful for the opportunity they've given me.

"I would like to thank my (Brisbane) teammates and the basketball fans who have been amazing in supporting and encouraging me.

"I hope they can continue to do so, despite the time difference at the Pelicans."

Magnay is the second Bullets player in four years to be recruited by an NBA team, following in the footsteps of Torrey Craig.

The Pelicans deal for Magnay has been hailed as another fillip for the NBL as it seeks to establish itself as one of the world's top development leagues.

"Will is an outstanding young talent and thoroughly deserves this opportunity in New Orleans after a fantastic breakout season with the Bullets," NBL Commissioner Jeremy Loeliger said.

"His signing is a further endorsement of the NBL ... and shows the NBL is a legitimate pathway to the NBA."

Magnay's move comes after American pair LaMelo Ball and RJ Hampton were selected in the first round of November's NBA draft following their stints in the NBL last season.

Reigning Sydney Kings MVP and NBL All-First team selection Jae'Sean Tate has signed with Houston, where he will link with former Kings coach and new Rockets assistant Will Weaver.

Australian Associated Press