Rondo met with the Pelicans on Thursday and again Saturday in Atlanta before committing to a contract with New Orleans, league sources told The Vertical.
The 31-year-old Rondo, a four-time NBA All-Star, met with Pelicans general manager Dell Demps and head coach Alvin Gentry.
A former teammate of Pelicans center DeMarcus Cousins in Sacramento during the 2015-16 season, Rondo likely will serve as a backup to Jrue Holiday, who was re-signed to a five-year, $126 million guaranteed deal and said he would be willing to play away from the ball.
This will be the fifth team dating to the 2014-15 season for Rondo, who played for the Chicago Bulls last season and averaged 7.8 points, 6.7 assists and 5.1 rebounds in 69 games (42 starts). He led the Bulls to a 2-0 lead over the Boston Celtics in the first round of the playoffs before suffering a broken thumb. The Celtics went on to win the series 4-2.
The 6-foot-1, 186-pound Rondo owns career averages of 10.7 points, 8.5 assists and 4.9 rebounds over 11 NBA seasons for Boston, Dallas, Sacramento and Chicago, including starting on the Celtics' 2008 championship team.