Pelicans and Grizzlies Complete Four-Player Trade, Pelicans Clear Cap Space for Bennedict Mathurin

The New Orleans Pelicans and Memphis Grizzlies have executed a four-player trade. The Pelicans acquired guard AJ Johnson and veteran forward Taj Gibson, while the Grizzlies received guard Jordan Hawkins, forward Micah Peavy, and two future second-round picks. This move allows New Orleans to clear approximately $5.7 million in salary cap space to sign free agent Bennedict Mathurin to a two-year, $16 million contract.