ESPN's Shams Charania reported that the New Orleans Pelicans are sending Jordan Hawkins, Micah Peavy, a future second-round pick, and a future second-round pick swap to the Memphis Grizzlies for AJ Johnson and Taj Gibson.
The main reason for this trade is pretty simple: New Orleans needed to clear salary before officially adding Bennedict Mathurin on his two-year, $16.0 million deal. Because the Pelicans are using the non-taxpayer mid-level exception to sign him, they can't finish above the first apron afterward, so they had to open enough room under that line first. Memphis is basically getting paid to help the Pelicans clean up the payroll, and I think the Grizzlies did very well here.
Memphis Grizzlies Receive: Jordan Hawkins, Micah Peavy, future second-round pick, future second-round pick (swap)
New Orleans Pelicans Receive: AJ Johnson, Taj Gibson
Hawkins is making $7.0 million this season, and Peavy is at $2.2 million, so New Orleans moves roughly $9.2 million in salary. Johnson costs only $3.2 million, while Gibson's $3.8 million salary isn't guaranteed yet, so he's gone from $0 to $200K in the trade, as the Pelicans are likely to waive him. Mathurin's first-year salary will be about $7.8 million on the two-year deal he agreed to last month.
#pelicans #orleans #round
The main reason for this trade is pretty simple: New Orleans needed to clear salary before officially adding Bennedict Mathurin on his two-year, $16.0 million deal. Because the Pelicans are using the non-taxpayer mid-level exception to sign him, they can't finish above the first apron afterward, so they had to open enough room under that line first. Memphis is basically getting paid to help the Pelicans clean up the payroll, and I think the Grizzlies did very well here.
Memphis Grizzlies Receive: Jordan Hawkins, Micah Peavy, future second-round pick, future second-round pick (swap)
New Orleans Pelicans Receive: AJ Johnson, Taj Gibson
Hawkins is making $7.0 million this season, and Peavy is at $2.2 million, so New Orleans moves roughly $9.2 million in salary. Johnson costs only $3.2 million, while Gibson's $3.8 million salary isn't guaranteed yet, so he's gone from $0 to $200K in the trade, as the Pelicans are likely to waive him. Mathurin's first-year salary will be about $7.8 million on the two-year deal he agreed to last month.
#pelicans #orleans #round
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