What happened: The New Orleans Pelicans are trading Jordan Hawkins to the Memphis Grizzlies, sources told ESPN. The deal is reported as a four-player trade, with Memphis also acquiring a future second-round pick and a future second-round pick swap.

Why it matters: The move continues a run of pick-heavy dealing for a Pelicans front office already scrutinized over its handling of picks and contracts. For Memphis, adding Hawkins gives the roster another perimeter scorer as the Grizzlies head into the 2026-27 season.

What to watch: Watch for Memphis to define Hawkins' role in its guard rotation heading into training camp, and for New Orleans to detail what it receives back in the full trade breakdown.