Pelicans Rumors

Free Agent Stock Watch: Southwest Division

For the rest of the regular season and postseason, Hoops Rumors is taking a closer look at players who will be free agents or could become free agents during the 2023 offseason. We consider whether their stock is rising or falling due to their performance and other factors. Today, we’re focusing on a handful of Southwest players.


Christian Wood, F/C, Mavericks

  • 2022/23: $14.32MM
  • 2023/24: UFA
  • Stock: Neutral

2022/23 has been a roller coaster season for Wood, whom the Mavs acquired in the offseason for their 2022 first-round pick and expiring contracts. He started the season coming off the bench and was providing quality offensive production, averaging 17.2 PPG and 7.8 RPG on .550/.402/.688 shooting through 26 games (26.3 MPG).

A handful of days after Maxi Kleber tore his hamstring, Wood was inserted into the starting lineup, averaging 20.3 PPG, 9.4 RPG and 2.4 BPG on .516/.367/.814 shooting in 16 games (33.4 MPG). The team went 9-7 during that span, but unfortunately Wood sustained a fractured left thumb that sidelined him for eight games.

In 12 games since he returned from injury, Wood has seen his role cut back significantly, averaging 13.1 PPG and 5.2 RPG on .457/.298/.860 shooting in 18.9 minutes per contest. Defensive concerns could be the main culprit, though I haven’t seen that publicly stated as of late.

The 27-year-old heard his name pop up in both extension and trade rumors leading up to the February 9 deadline, but neither came to fruition. He remains eligible for a four-year, $77MM extension until June 30, though that appears increasingly unlikely unless he plays a major role in a deep postseason run.

Kenyon Martin Jr., F, Rockets

  • 2022/23: $1.78MM
  • 2023/24: $1.93MM team option
  • Stock: Up

The No. 52 overall pick of the 2020 draft, Martin is averaging career highs with 12.0 PPG and 5.6 RPG while shooting a career-best 56.2% from the field through 65 games (26.9 MPG). The high flier is another player who saw his name mentioned in trade rumors early in the season, but obviously Houston decided to keep him.

Considering his team option for next season is only $1.93MM, it seems unlikely that the 22-year-old would enter free agency. So why is he on this list?

As our Luke Adams detailed last month, if the Rockets exercise their option for ‘23/24, Martin would become an unrestricted free agent in 2024. However, if they decline it, he would be a restricted free agent this summer, giving Houston more control. That’s what happened last summer with Martin’s teammate, Jae’Sean Tate.

Martin has appeared in every game this season for the Rockets, including 24 consecutive starts (32 total). If he starts nine of Houston’s 17 remaining games, he would reach the starter criteria and increase his qualifying offer to $5,216,324.

Dillon Brooks, G/F, Grizzlies

  • 2022/23: $11.4MM
  • 2023/24: UFA
  • Stock: Down

Brooks has always faced criticism for his poor shot selection. However, he has never been this inefficient — his 48.3% true shooting percentage is the second-worst mark in the NBA among 197 qualifying players, only ahead of Detroit’s Killian Hayes (44.7%).

There isn’t one particularly area to point to, because he’s struggling from everywhere: 51.6% at the rim (ninth percentile), 38.3% from mid-range (26th percentile), and 31.9% from three-point range (24th percentile), per DunksAndThrees.com.

On the other hand, Brooks is an outstanding defensive player who is tasked with guarding the league’s best perimeter scorers. The Grizzlies have been better with him on the court in each of the past three seasons.

For better or worse, a big part of the team’s identity is tied to Brooks’ brash attitude and confidence. At 27 years old, he’s theoretically in the middle of his prime. He will get a raise on his current deal, but he hasn’t helped himself on the offensive end of the court.

Tre Jones, G, Spurs

  • 2022/23: $1.78MM
  • 2023/24: RFA ($5.22MM qualifying offer)
  • Stock: Up

The No. 41 overall pick of the 2020 draft, Jones rarely saw the court in his first season, appearing in 37 games with an average of 7.3 MPG. He saw more action last season, but he was still limited to a reserve role, appearing in 69 games with averages of 6.0 PPG and 3.4 APG in 16.6 MPG.

After trading away Dejounte Murray in the offseason, San Antonio had a glaring hole at point guard. Jones has filled that void, averaging career highs in points (12.5), rebounds (3.6), assists (6.2), steals (1.3) and minutes (29.1) per game.

While he has struggled with scoring efficiency (51.2% TS, ninth-worst in the league among qualifying players), Jones does a very good job of taking care of the ball (3.67-to-1 assist-to-turnover ratio), he’s only 23 years old, and he’s on a minimum contract. He has certainly outplayed that deal.

Jones has already met the starter criteria, which increased the value of his qualifying offer to $5,216,324. There’s an excellent chance the Spurs extend that offer to him and make him a restricted free agent.

Jaxson Hayes, F/C, Pelicans

  • 2022/23: $6.8MM
  • 2023/24: RFA ($7.74MM qualifying offer)
  • Stock: Down

A former lottery pick (No. 8 overall in 2019), Hayes has yet to live up to his draft status. He has only appeared in 38 games this season with a career-low 13.6 minutes per night, a strong sign that the Pelicans don’t view him as a long-term fit on the roster.

Hayes won’t turn 23 until May, so he has time to possibly turn his career around. He is 6’11” and is a strong run-and-jump athlete. His shot isn’t broken by any means – he’s at 72.0% from the line for his career, a solid mark for a big man.

He just looks lost on the court way too often, frequently making careless, head-scratching mistakes at inopportune times, things that drive coaches crazy. The odds of New Orleans extending Hayes a $7,744,600 qualifying offer to make him a restricted free agent are very low, so he will likely hit unrestricted free agency this summer.

Injury Notes: Zion, Towns, Lowry, Love, Doncic

Pelicans forward Zion Williamson remains sidelined indefinitely due to a right hamstring strain, and it doesn’t appear his return is imminent, Brian Windhorst of ESPN stated on the latest episode of his Hoop Collective podcast.

“He’s not close, I don’t think,” Windhorst said. “… I think his setback was significant, and so now you’re worried about a worse setback, so you’re going to be doubly cautious.”

While fellow ESPN reporter Marc J. Spears openly wondered whether Williamson might just be done for the season, Windhorst declined to go that far.

Still, with just four-and-a-half weeks left until the Pelicans’ regular season finale, time is running out for the star forward to return to action and make a meaningful impact in the playoff race. He hasn’t suited up for New Orleans since January 2.

Here are a few more injury-related notes from around the NBA:

  • After indicating on Tuesday that there’s no timetable for Karl-Anthony Towns‘ return, Timberwolves head coach Chris Finch provided another update on Wednesday, telling Paul Allen on KFAN in Minnesota that Towns is set to take another step forward in his rehab. Today he’s going to have some live activity on the floor, the first time in forever,” Finch said (Twitter link via Jon Krawczynski of The Athletic). “Some controlled, live action on the floor. I know he’s looking forward to that.”
  • Heat guard Kyle Lowry will miss his 14th consecutive game due to left knee soreness when Miami hosts the Cavaliers on Wednesday, but there’s still optimism he’ll return before the end of the season, and perhaps even within the next week, writes Anthony Chiang of The Miami Herald. In other Heat injury news, Kevin Love (right rib contusion) has been upgraded to probable, so there’s a good chance he’ll be available to face his old team on Wednesday.
  • Mavericks star Luka Doncic, who has missed a few games due to minor injuries this season, hasn’t played in both ends of a back-to-back set since mid-November. However, after logging 34 minutes on Tuesday vs. Utah, he’s not on Dallas’ injury report for Wednesday’s contest in New Orleans, so he should be available, tweets ESPN’s Tim MacMahon.

Lewis Has Burst Back; Pelicans' Lack Of Urgency Troubling

  • Pelicans guard Kira Lewis, who returned from an ACL tear earlier this season, said this week that he feels like his “burst is back,” per Christian Clark of NOLA.com. Lewis still doesn’t have much of a role in New Orleans’ backcourt, but had one of his best nights of the season last Friday, scoring nine points in 10 minutes against Golden State.
  • The Pelicans have lost 17 of their last 22 games, and while their slide in standings is concerning on its own, the way they’re losing games has to be even more troubling for the organization, according to William Guillory of The Athletic, who says the team has often looked “lackadaisical” and “unfocused.” New Orleans entered the new year in January as the No. 2 seed in the West but now finds itself in a three-way tie for the No. 10 spot.

Checking In On Traded 2023 First-Round Picks

We still have nearly five weeks left in the NBA’s regular season, and play-in results, tiebreakers, and the draft lottery will further clarify what this year’s draft order will look like.

However, as the season enters its home stretch, we’re starting to get a clearer sense of which traded 2023 first-round picks will actually change hands (as opposed to falling in their protected range) and where those first-rounders will land. Here’s where things stand right now:


Picks that will be protected

  • Pistons‘ pick (top-18 protected) to Knicks
  • Hornets‘ pick (top-16 protected) to Spurs

The Pistons and Hornets are currently the bottom two teams in the Eastern Conference and appear unlikely to move any higher in the standings. There’s obviously no chance that they’ll end up picking the back half of the first round, so they’ll hang onto their first-round picks for at least one more year.

Once both of those picks are officially protected, the Pistons will owe the Knicks their 2024 first-rounder with top-18 protection, while the Hornets will owe the Spurs their 2024 first-rounder with top-14 protection.

Picks on track to change hands

  • Sixers‘ and Nets‘ picks (unprotected) to Nets and Jazz.
  • Bucks‘ and Clippers‘ picks (unprotected) to Clippers and Rockets.
  • Mavericks‘ pick (top-10 protected) to Knicks
  • Timberwolves‘ pick (unprotected) to Jazz.
  • Suns‘ pick (unprotected) to Nets.
  • Knicks‘ pick (top-14 protected) to Trail Blazers.
  • Cavaliers‘ pick (top-14 protected) to Pacers.
  • Celtics‘ pick (top-12 protected) to Pacers.
  • Nuggets‘ pick (top-14 protected) to Hornets.

Let’s work backwards and start with the obvious here. The Nuggets currently have the NBA’s second-best record, which would result in the No. 29 pick. The Celtics’ third-best record would give them the No. 28 pick. So Charlotte and Indiana, respectively, will definitely get those picks, but they’ll be pretty late in the first round.

Given the unpredictability that the play-in possibility injects into the playoff race, it may be a little early to lock in the Cavaliers and Knicks as automatic playoff teams, but they’re certainly trending in that direction. If the season ended today, Indiana would get the No. 26 overall pick from Cleveland and Portland would get the No. 23 selection from New York.

The Timberwolves’ and Suns’ picks have no protections, so they’re definitely changing hands — the only question is where they’ll land. Right now, Phoenix’s No. 21 pick would go to Brooklyn and Minnesota’s No. 18 pick would go to Utah.

The fact that the Mavericks’ pick is top-10 protected instead of lottery-protected means it could convey to the Knicks even if Dallas doesn’t earn a playoff spot. Right now, the Mavs are the seventh seed in the West and would owe the No. 17 seed to New York, but the playoff race is so tight and the play-in has such potential for fluctuation that Dallas’ pick could move a few spots in either direction.

The Nets will have the right to either their own pick or the Sixers’ pick, whichever is more favorable, with Utah receiving the less favorable of the two. Right now, that means Brooklyn would hang onto its own first-rounder (No. 22) while the Jazz would get Philadelphia’s pick (No. 27).

The Rockets won’t get to take advantage of their ability to swap their own pick for Brooklyn’s, but they have a second set of swap rights that should come in handy — Houston has the ability to swap Milwaukee’s first-rounder for the Clippers’ pick, with L.A. getting the less favorable of the two. That means if the season ended today, the Rockets would be in line for the Clippers’ first-rounder at No. 16, while L.A. would get the Bucks’ pick and move down 14 spots to No. 30.

One caveat here: If the Clippers’ first-round pick happens to land ahead of the Thunder’s pick, Oklahoma City would be able to swap its own pick for L.A.’s, then Houston could swap the Bucks’ first-rounder for OKC’s pick. For now though, that looks like a long shot, with the Clippers far better positioned than the Thunder in the Western playoff race.

Picks that remain the most up in the air

  • Bulls‘ pick (top-4 protected) to Magic
  • Wizards‘ pick (top-14 protected) to Knicks
  • Trail Blazers‘ pick (top-14 protected) to Bulls
  • Lakers‘ pick (unprotected) to Pelicans via swap rights

If the season ended today, the Bulls would be seventh in the draft lottery standings. That would give them a 31.9% chance to move up into the top four, meaning their pick would have about a two-in-three chance to go to Orlando. The Magic’s odds of acquiring the pick will increase if Chicago finishes the season strong.

If the Bulls manage to hang onto their pick this year, they’d owe the Magic their top-three protected first-rounder in 2024.

The Wizards are 10th in the East and have a decent chance to secure a play-in berth, but their odds of capturing a playoff spot are longer. If they lose in the play-in (or miss it entirely), they’ll keep their first-rounder rather than sending it to the Knicks, and would instead owe New York their top-12 protected pick in 2024.

The Trail Blazers are in a similar boat in the West, still in the play-in hunt but with increasingly long odds to actually make the playoffs. If they don’t get a first-round series in the postseason, they’ll hang onto their pick rather than sending it to the Bulls. Chicago will have to wait until Portland makes the playoffs to get that first-round selection, which remains lottery-protected through 2028.

Meanwhile, the Pelicans’ ability to swap first-rounders with the Lakers has been one of the most fascinating draft assets to monitor this year.

At one point in the first half, with Los Angeles off to an awful start and the Pelicans firing on all cylinders, it looked like New Orleans would be able to use that swap to move from the 20s into the top 10. Today, both teams have identical 31-34 records and have been trending in opposite directions. If that trend continues, New Orleans will end up keeping its own pick rather than swapping it for the Lakers’ first-rounder.

Jonas Valanciunas May Not Be Part Of Pelicans' Future

  • The time that Pelicans coach Willie Green spent with the Warriors is evident in how he’s handling the team’s centers, observes Christian Clark of NOLA. Although Jonas Valanciunas is New Orleans’ main big man, 6’7″ Larry Nance Jr. has logged the most fourth-quarter minutes at center. Clark notes that Valanciunas has one year left on his contract at $15.4MM and doesn’t appear to be in the team’s long-term plans.

Pelicans' Ingram Was In "Dark Place" During Rehab From Toe Injury

  • The two months that Brandon Ingram spent rehabbing a toe injury earlier this season felt like the longest two months of his life, the Pelicans forward told William Guillory of The Athletic. “It was hard. There were certain days when it felt like I had to fight just to be there mentally for my teammates and for myself. I had to fight just to keep a smile on my face so they wouldn’t see me down,” Ingram said. “I’m a person that believes everything happens for a reason. So, I just tried to dig deep, real deep down and get myself out of that dark place. I learned a lot about myself during that time.”

Inept Offense Killing Postseason Dreams

The Pelicans’ inept offense has put them on the verge of a total collapse, William Guillory of The Athletic writes.

Despite Zion Williamson‘s hamstring injury, the Pelicans should have enough depth to hold their own. But even when Brandon Ingram returned from a long-term toe injury, the team continued to sink. New Orleans has a 110.9 offensive rating since Ingram rejoined the lineup, which ranks 23rd during that span, Guillory notes. The club is also shooting just 32.4% on 3-point attempts during that time.

Jose Alvarado and Larry Nance Jr. are now out for multiple weeks, further complicating the Pelicans’ issues.

Pelicans’ Jose Alvarado, Larry Nance Jr. Out Multiple Weeks

Pelicans guard Jose Alvarado and forward Larry Nance Jr. will be sidelined multiple weeks, the team announced in a press release.

Alvarado has been diagnosed with a stress reaction in his right tibia. He will be reevaluated in three weeks. Alvarado has appeared in 61 games this season, averaging 9.0 points and 3.0 assists in 21.5 minutes. He played 15 minutes against Orlando on Monday.

Nance Jr., who suffered a left ankle sprain during Saturday’s game at New York, will be reevaluated in two weeks. Nance has appeared in 50 games, averaging 7.7 points and 5.9 rebounds in 22.3 minutes.

Zion Williamson continues to make progress with rehabilitation for his right hamstring strain, according to the release. Further updates will be provided following medical imaging next week. Williamson hasn’t played since Jan. 2.

Alvarado’s injury opens up more playing time for Kira Lewis Jr. and Dyson Daniels. Jaxson Hayes, who played 25 minutes against Orlando, will likely absorb most of Nance’s minutes.

McCollum To Undergo MRI On Thumb

Grizzlies center Steven Adams has been out since January 22 after spraining the PCL in his right knee, but he appears to be nearing a return. Head coach Taylor Jenkins said Adams has begun 5-on-5 work in practices and the team is hopeful Adams could play by the end of the upcoming road trip, though that isn’t set in stone (Twitter link via Chris Herrington of The Daily Memphian).

The road trip Jenkins is referring to starts Wednesday in Houston and ends next Tuesday in Los Angeles, so Adams could be back within around a week. Remarkably, despite missing the past 13 games, Adams still leads the NBA in total offensive rebounds with 214 (Ivica Zubac is second with 196).

The 29-year-old is averaging a career-high 11.5 rebounds (5.1 offensive) in 27.0 minutes per game through 42 games in 2022/23. The Grizzlies have gone 5-8 without Adams over the past month-plus.

Here’s more from the Southwest:

  • Pelicans guard CJ McCollum has been bothered by a right thumb injury, which he described as a ligament issue, and plans to undergo an MRI “soon,” per Christian Clark of NOLA.com (Twitter links). “It’s not ideal,” he said. “I’m playing. I have to be better, and I will be better. I understand what’s at stake for us. What’s at stake for our seeding. And how these next few games are going to define our season.” As McCollum noted, the 30-31 Pelicans’ spot in the postseason is quite tenuous — they’re currently the No. 10 seed, but three teams are right on their heels for the final spot in the play-in tournament.
  • Tari Eason‘s offensive numbers are solid, if unspectacular for a rookie — he’s averaging 8.7 points on .442/.347/.750 shooting splits in 19.6 minutes per game. However, the 21-year-old forward has made his presence felt on the other end of the court for the Rockets, as Jonathan Feigen of The Houston Chronicle writes. “I see a lot of people talking about some of the best defenders in the league,” Eason said as part of a larger quote. “I want to be one of those dudes they talk about. I feel like I’m the best rookie defender in this class.” Eason ranks sixth among rookies with 5.6 rebounds per night, per Feigen, and second in steals and deflections. His 2.8% steal percentage ranks fifth in the entire NBA, according to Basketball-Reference.com.
  • The Spurs have had to use a couple of 19-year-old rookies — Malaki Branham and Blake Wesley — at point guard lately due to a mysterious foot injury to starter Tre Jones. According to Jeff McDonald of The San Antonio Express-News, the Spurs aren’t quite sure what’s going on with Jones’ foot. “It’s a strange injury,” coach Gregg Popovich said. “He’s one of the toughest young men on the planet. There’s nothing on the (MRI) film or anything like that. He just can’t go.”

Injury Notes: Green, Nance Jr., VanVleet, Dedmon, Gordon

Warriors forward Draymond Green missed his second consecutive game on Sunday due to a right knee contusion, according to Kendra Andrews of ESPN. Green suffered the injury on Thursday when he bumped knees with the Lakers’ Jarred Vanderbilt. Green’s knee unexpectedly flared up Sunday afternoon, something coach Steve Kerr categorized as a “setback.” He may undergo an MRI.

We have more injury-related news:

  • Pelicans forward Larry Nance Jr. will miss Monday’s game against Orlando due to a left ankle sprain, the team’s PR department tweets.
  • Raptors guard Fred VanVleet missed both of the team’s games this weekend for personal reasons, Blake Murphy of Sportsnet tweets. VanVleet is away from the club due to the birth of his third child.
  • Sixers head coach Doc Rivers said before Saturday’s contest that backup center Dewayne Dedmon is expected to miss a couple more games but doesn’t have a long-term injury, Kyle Neubeck of ThePhillyVoice.com tweets. Dedmon has yet to make his Philadelphia debut due to a hip issue.
  • Nuggets forward Aaron Gordon returned to the lineup on Sunday night after missing the previous five games due to a left rib contusion, Mike Singer of the Denver Post writes.