Needing to clear money to complete their signing of Bennedict Mathurin, the New Orleans Pelicans are trading Jordan Hawkins and Micah Peavy to the Memphis Grizzlies in a four-player deal.
Per ESPN’s Shams Charania, Hawkins and Peavy will go to Memphis with AJ Johnson and Taj Gibson coming back to New Orleans.
The Grizzlies will also receive a future second-round pick and a second-round pick swap in the trade.
ESPN’s Bobby Marks added the deal saves $5.7 million for the Pelicans, who recently agreed to a two-year, $16 million contract with Mathurin.
This article will be updated soon to provide more information and analysis.
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