Frazier opened his second NBA season as a deep reserve for the Trail Blazers, frequently finding himself out of the rotation with the dynamic duo of Damian Lillard and C.J. McCollum sucking up most of the minutes at point guard. Incidentally, it wasn't until Frazier was waived by the Blazers last February before his career began to take off. About a month after that, Frazier joined an injury-plagued Pelicans roster desperate for point guard help and almost immediately thrived. Frazier only started one of his 16 games with the club, but averaged 13.1 points (on 45% shooting), 7.5 assists, 4.4 rebounds and 1.4 steals across 29.3 minutes per game. Given his success with the club, it wasn't a surprise that the Pelicans opted to re-sign him on a two-year deal this summer. He was initially expected to open the upcoming season in a backup role, but with the news that Jrue Holiday will likely miss the first several weeks of the campaign to tend to a personal matter, Frazier now looks positioned to open the season as the starting point guard. His fantasy value will fade a bit once Holiday returns, but as he showed late in 2015-16, Frazier is certainly capable of delivering ample production when he receives a hefty dose of minutes. He'll make for a worthy target in the later rounds of fantasy drafts.

Frazier spent the bulk of last season with the Maine Red Claws of the D-League, but his MVP performance in the minor league prompted a pair of stints in the NBA itself. After a six-game run with the Sixers spanning the All-Star break, he signed with the Blazers for the remainder of the season on Mar. 31, averaging a collective 5.2 points (on 34 percent shooting), 5.5 assists, 2.5 rebounds, and 0.7 steals in 22 minutes across 11 contests. Portland will feature a revamped starting five due to this summer's mass exodus, with C.J. McCollum expected to replace the departed Wesley Matthews. If McCollum indeed starts over Gerald Henderson, a sprinkling of point-guard reps behind Damian Lillard could fall to either Frazier or Phil Pressey. Expect their respective performances in training camp to determine whose non-guaranteed deal transforms into a permanent roster spot.

Signed training camp deal with Celtics in September 2014.