HoopsHype New Orleans Pelicans + Trade rumors

New Orleans Pelicans VIDEOS

October 1, 2014 Updates

In the chaos of LeBron James Day, the Pelicans considered both trading Rivers and waiving him with the stretch provision to make sure they had enough room to complete the Asik deal with Houston. To be clear: Stretching Rivers was an absolute last resort, and New Orleans demanded real assets for him in trade talks, per several league sources. New Orleans eventually traded Asik into cap space after acquiring several nonguaranteed contracts they could trade to Houston — including the contracts of Alonzo Gee and Scotty Hopson, who might have spent time on all 30 NBA rosters this summer. Grantland

Rivers would earn $3.1 million in 2015-16, about the equivalent of the taxpayer midlevel exception, if the Pellies pick up that option. That doesn’t sound like much, but it could limit New Orleans’s ability to pivot into being a major cap room team if Omer Asik bolts in free agency. The Pelicans won’t have much cap flexibility as long as they keep Asik’s $12 million cap hold on the books, and they may need to do that in order to keep his Bird Rights — and the right to go over the cap in re-signing him — in a frothy big-man market. They could in theory re-sign him with cap room, but Rivers’s $3.1 million might torpedo that plan. And if Asik jumps ship, Rivers’s option could be the difference between major cap room and sub–$10 million room. The Pelicans could also stay over the cap, which would put the midlevel exception in play, but they don’t need Rivers’s contract to do that. Grantland

July 15, 2014 Updates

The New Orleans Pelicans announced today that the team has acquired Omer Asik, Omri Casspi and cash considerations from the Houston Rockets in a three-team trade that sends Alonzo Gee, Scotty Hopson and the Pelicans’ protected first round pick in the 2015 NBA Draft to the Rockets and Melvin Ely to the Washington Wizards. As part of the three-team trade, the Rockets have acquired Trevor Ariza from the Wizards. NBA.com

David 'Dubi' Pick: "This is a big season for my career, it's important that I play," Omri Casspi said upon arrival in Israel. New Orleans isn't the best situation for me. We'll finalize terms of split," Omri Casspi added. Twitter @IAmDPick

Houston Rockets General Manager Daryl Morey announced today that the team has completed a three-team deal with Washington and New Orleans. The Rockets will receive Trevor Ariza in a sign-and-trade from Washington, as well as Alonzo Gee, Scotty Hopson, and a valuable 2015 protected first round draft pick from New Orleans. This first round draft pick is a near guaranteed lottery pick structured like the Toronto Raptors first round pick that was the key to the James Harden trade. The Rockets will send center Omer Asik and forward Omri Casspi, and cash considerations to New Orleans. NBA.com

Washington Wizards President Ernie Grunfeld announced today that the team has completed a three-team trade with Houston and New Orleans. As part of the deal, the Wizards will sign free agent forward Trevor Ariza and send him to the Rockets, netting them a trade exception and center Melvin Ely. NBA.com

July 14, 2014 Updates

The Houston Rockets' long anticipated trade of Omer Asik to New Orleans has expanded to become a three-team trade involving Washington and Trevor Ariza, according to sources close to the process. Sources told ESPN.com that the Rockets and Pelicans have agreed to turn their previously agreed deal headlined by Asik into a three-team swap that folds in the agreement Houston struck Saturday to sign Ariza, thus creating a valuable trade exception for Washington. The trade, sources say, calls for the Pelicans to receive Asik, Rockets swingman Omri Casspi and $1.5 million in cash from Houston. ESPN.com

July 13, 2014 Updates
July 11, 2014 Updates
 

THE TOP 50 PLAYERS IN HORNETS HISTORY

Only two Pelicans make a list where perennial All-Star Chris Paul is No. 1.

   

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