What happened: The draft compensation consists of a future second-round pick and a future second-round pick swap. Two players move in each direction under the agreement.

Why it matters: The move gives Jordan Hawkins a new setting ahead of the 2026-27 season after his role contracted last year. Memphis adds perimeter shooting and future draft flexibility.

What to watch: Training camp will show how large a role Hawkins can claim in the 2026-27 rotation.