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Etienne Catalan: Bennedict Mathurin ( @BennMathurin ) will wear No. 24 for the #Pelicans. Number last worn by Jordan Hawkins in 2026. #NBA
Taj Gibson has been waived by the New Orleans Pelicans. Gibson was acquired by the Pelicans on Tuesday from the Memphis Grizzlies as part of the Jordan Hawkins trade.
Yossi Gozlan: AJ Johnson comes up just short of a straight up salary match for Jordan Hawkins. To avoid absorbing Hawkins with their $29 million trade exception, they include Taj Gibson. Johnson, like most players traded in early July, just had his trade aggregation restriction expire. Taj Gibson has a $3.8 million salary that is non-guaranteed. His guarantee will increase from $0 to at least $149k to fulfill the salary match for Hawkins. The Grizzlies can then absorb Micah Peavy with one of their smaller exceptions.
Keith Smith: Trade Mechanics: 🏀Taj Gibson will have $200K of his contract guaranteed. That way he and AJ Johnson's contracts match salary for Jordan Hawkins. 🏀MEM will bring Micah Peavy in via the $4.3M Ja Morant TPE.
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Marc Stein: Reported July 23 below that New Orleans was working to trade Jordan Hawkins to Memphis. Now that AJ Johnson’s contract can be aggregated that trade finally happens today and will provide the Pels nearly $6 million in savings to proceed with the addition of Bennedict Mathurin.

Thus, New Orleans has explored the trade market on Jordan Hawkins, including discussions with the Memphis Grizzlies involving AJ Johnson, league sources told HoopsHype. Shedding Hawkins’ $7.02 million salary from their books would keep New Orleans below the luxury tax while using the non-taxpayer mid-level exception to make a run at Mathurin.

The Stein Line on Tuesday learned that Chicago is Mathurin's other current suitor. You'll recall that The Stein Line also revealed recently (July 23 to be exact) that New Orleans has been trying to shed Jordan Hawkins' contract via trade to move further away from the first apron. Among the options available to the Pelicans, if they succeed in those efforts, would be opening up the use of a healthy portion of its midlevel exception to assemble an offer sheet to Mathurin.

League sources say that New Orleans has been exploring various trade frameworks to send out former lottery pick Jordan Hawkins for some potential roster and financial flexibility. Those discussions, sources say, include conversations with Memphis. There was no trade agreement as of Wednesday night, but we're told that the Grizzlies have registered some interest in taking on Hawkins.
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Jordan Hawkins, who the New Orleans Pelicans selected with the No. 14 pick in the 2023 draft, is another name to keep an eye on, according to league sources. Hawkins’ playing time has dipped considerably in his third season, and both sides would prefer to find him a new home.

Keith Smith: The New Orleans Pelicans picked up the 2026-27 rookie scale team options for Jordan Hawkins and Yves Missi, a league source told @spotrac . This is the fourth-year option for Hawkins and the third-year option for Missi.