What happened: Yahoo Sports reports the asking price for Trey Murphy III sits at three first-round picks. The forward remains a prominent target on the market following the NBA draft.

Why it matters: The 3-and-D wing operates under a four-year extension, offering long-term cost certainty to acquiring teams. New Orleans hesitates to engage in serious negotiations unless the return includes immediate roster upgrades alongside draft capital.

What to watch: Trade discussions could gain momentum as the remainder of the offseason progresses and other major dominoes fall.