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New Orleans Pelicans Trade Two Players and Picks to the Grizzlies

The move saves $5.7 million and lets New Orleans complete a reported two-year, $16 million deal with Bennedict Mathurin, ESPN said.

  • On Tuesday, the New Orleans Pelicans traded Jordan Hawkins, Micah Peavy, and draft assets to the Memphis Grizzlies, acquiring AJ Johnson and veteran Taj Gibson in a four-player deal.
  • Needing to clear financial room to finalize their signing of Bennedict Mathurin, the Pelicans offloaded salary, allowing the team to duck below the luxury tax threshold.
  • ESPN analyst Bobby Marks reported the deal saves the Pelicans $5.7 million, positioning them roughly $7.9 million under the luxury tax before factoring in Mathurin's contract.
  • For the Memphis Grizzlies, this trade offers a chance to evaluate Hawkins, the 14th overall pick in the 2023 NBA Draft, with potential increased minutes during training camp.
  • Johnson, who has played for three clubs over the past two years, joins New Orleans alongside Gibson; at 41 years old, Gibson remains the second-oldest active NBA player behind only LeBron James.
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hoopsrumors.com broke the news on Tuesday, September 8, 2026.
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