I liked Moore while he was on the team, but never thought he was a guy you sacrifice your long term plans for. I'd go up to about 8 million/year to keep him, but no more.
http://www.nola.com/pelicans/index.ssf/2016/07/shooting_guard_etwaun_moore_ag.html Moore goes to the Pels for $34mil over 4 seasons. Yup, it's a bold new NBA. Good luck to ya, E'Twaun.
I don't quite have a feel yet for how these numbers compute in the new cap, but I think E'Twaun's deal is a good example of one that seems rich right now but will turn out fine once you account for future cap increases. In 2017 his contract will comprise 8% of the salary cap, which is reasonable if he plays a role like he did with the Bulls last year. For comparison's sake, that's the equivalent of 5 million in 2014-2015 dollars.