Pelicans Waive Dalen Terry
The Pelicans have requested waivers on guard/forward Dalen Terry, the team announced on Friday (Twitter link via Will Guillory of The Athletic).
New Orleans just acquired Terry (and two second-round picks) on Thursday in the trade that sent Jose Alvarado to New York. The Knicks landed Terry in a separate deal with Chicago.
The 18th overall pick in the 2022 draft after two college seasons at Arizona, Terry never developed into a reliable rotation player in his three-and-a-half years with the Bulls. The 6’6″ wing has appeared in 34 games in 2025/26, averaging 3.5 points, 1.9 rebounds and 1.3 assists in 11.1 minutes per contest.
Assuming Terry goes unclaimed, which seems highly likely, the Pelicans will carry a dead-money cap hit of $5,399,118. They also opened a spot on their standard roster, and Guillory suggests the team plans to promote Bryce McGowens from his two-way contract.
Still just 23 years old, Terry could be a candidate to catch on with another team before the season ends. For what it’s worth, he would qualify for a two-way deal that covers the remainder of ’25/26 once he hits free agency and is eligible to sign with any team except the Knicks.
Wizards Sign Keshon Gilbert To 10-Day Contract
The Wizards have signed Keshon Gilbert to a 10-day contract, the team announced in a press release.
Gilbert, a 6’4″ guard, spent two years at UNLV and two seasons at Iowa State prior to going undrafted last June. He signed an Exhibit 10 training camp deal with the Wizards in mid-September and was waived at the end of that month, making him an unrestricted free agent.
The 22-year-old has been playing for Washington’s G League affiliate, the Capital City Go-Go, during the 2025/26 season. In 29 appearances with the Go-Go (27.2 minutes per game), he has averaged 13.4 points, 5.5 assists, 4.3 rebounds and 1.5 steals on .457/.220/.781 shooting.
The Wizards had an opening on their 15-man standard roster after Skal Labissiere‘s 10-day deal expired last night, so no corresponding move was required to sign Gilbert, who will earn $73,153 over the next 10 days.
Hornets Waive Simpson, Sign Evbuomwan To Two-Way Deal
3:10 pm: Evbuomwan has officially signed his two-way contract, per NBA.com’s transaction log.
2:11 pm: The Hornets have waived guard KJ Simpson, the team announced today (Twitter link).
The 42nd overall pick in the 2024 draft, Simpson signed a two-year, two-way contract with Charlotte as a rookie that summer and remained on that deal until today. He has appeared in a total of 50 regular season games for Charlotte since making his debut in the fall of 2024, averaging 7.3 points, 2.9 assists, and 2.8 rebounds in 21.3 minutes per game.
Simpson has posted a subpar shooting line of .346/.266/.773 in his 50 NBA outings and struggled with his shot in the G League this year too, making just 37.6% of his attempts from the floor and 24.1% from beyond the arc in 11 games with the Greensboro Swarm. He has been sidelined since mid-January due to a left hip injury.
Charlotte will fill its newly created two-way opening by signing forward Tosan Evbuomwan, agent George S. Langberg tells ESPN’s Shams Charania (Twitter link).
A former Ivy League Player of the Year at Princeton, Evbuomwan went undrafted in 2023 and has spent the two-and-a-half seasons since then bouncing back and forth between the NBA and G League.
The 6’8″ forward signed 10-day contracts with the Grizzlies and Pistons as a rookie before finishing that season on a two-way deal with Detroit, then spent the majority of his second season on a two-way deal with Brooklyn. Evbuomwan was waived by the Nets this past August and signed a new two-way contract with the Knicks in September before being cut by New York last month.
Evbuomwan, who has also made 50 total appearances at the NBA level, has been playing for the Maine Celtics since being let go by the Knicks. He has averaged 19.4 PPG, 5.9 RPG, and 4.7 APG in nine contests (35.2 MPG) for Boston’s NBAGL affiliate in recent weeks.
The Hornets will be able to have Evbuomwan active for up to 19 NBA games for the rest of the season.
Grizzlies Waive Eric Gordon
February 6: Gordon has been placed on waivers, the Grizzlies confirmed today in a press release (Twitter link).
February 5: The Grizzlies are likely to waive veteran guard Eric Gordon, sources tell Kelly Iko of Yahoo Sports (Twitter link).
An 18-year veteran, Gordon was traded from Philadelphia to Memphis in a salary-dump move which saw the Grizzlies acquire a second-round pick swap from the 76ers. He has only made six appearances this season.
Gordon is making $3.6MM this season on a minimum-salary contract, but only carries a $2.3MM cap hit. Assuming he’s released by Memphis, the 37-year-old would be eligible to sign with any team except for Philadelphia.
The seventh overall pick in the 2008 draft, Gordon has averaged 15.2 points, 2.7 assists and 2.3 rebounds on .430/.373/.809 shooting over the course of 931 regular season games (31.1 minutes per contest). However, it’s been a couple years since he was a rotation regular, and it’s unclear if he’ll attract any interest on the open market at this point in his career.
Thunder Waive Youngblood, Sign Boeheim To Two-Way Deal
The Thunder have made a change to one of their two-way contract slots, announcing today in a press release that shooting guard Chris Youngblood has been waived and swingman Buddy Boeheim has been signed to replace him.
Youngblood, who will turn 24 on Monday, joined the Thunder last summer as a rookie free agent after going undrafted out of Alabama. Although the 6’4″ guard signed a two-way contract, he was used frequently by Oklahoma City during the first half of the season.
Youngblood was used so frequently, in fact, that he reached his limit of 50 games on the Thunder’s active roster on Wednesday in San Antonio. If OKC had wanted to continue playing him, he would’ve needed to be promoted to a standard contract, but the team doesn’t have any obviously expendable players on its 15-man squad after sending out Ousmane Dieng and bringing in Jared McCain prior to Thursday’s trade deadline.
With no path to promote him, the Thunder decided to waive Youngblood, freeing him up for a new opportunity, rather than having him finish the season in the G League with the Oklahoma City Blue. The club could’ve made him a restricted free agent at season’s end if he’d remained on the roster but will instead free him up to join a new team.
Boeheim has been playing for the Blue in recent years, including this season. Across nine outings in 2025/26, he has averaged 15.6 points, 4.6 rebounds, and 3.8 assists in 30.4 minutes per game, with a shooting line of .375/.351/1.000.
The former Syracuse sharpshooter, who appeared in 20 NBA regular season games for the Pistons from 2022-24, will be eligible to be active for as many as 19 games for OKC the rest of the way.
Mike Conley Plans To Rejoin Timberwolves
Veteran point guard Mike Conley intends to re-sign with the Timberwolves after he clears waivers, sources tell ESPN’s Shams Charania (Twitter link).
Conley was traded twice this week. Minnesota originally sent him to Chicago in a salary-dump deal on Tuesday, then the Bulls flipped him to Charlotte along with Coby White. The Hornets subsequently cut him.
NBA rules prohibit a player who is traded and then waived to immediately re-sign with the team that traded him away. However, that restriction doesn’t apply to the Timberwolves because Conley was traded twice. Once he clears waivers and becomes a free agent, he’d be ineligible to re-sign with the Bulls, the last team that traded him away, but nothing would be standing in the way of a reunion with Minnesota.
Conley, who is in his 19th NBA season, became the Wolves’ starting point guard when they acquired him at the 2023 trade deadline and maintained that role through last season. However, he ceded his starting role to Donte DiVincenzo this fall and has averaged a career-low 18.5 minutes per night in 44 outings (nine starts) so far this season. His 4.4 points and 2.9 assists per game are also career lows, as is his 32.2% field goal percentage.
Despite Conley’s declining production, there were rumblings ahead of the trade deadline that the team wasn’t eager to move the 38-year-old due to his locker room leadership. With that in mind, getting the opportunity to move off of the guard’s $10.8MM expiring contract and then bring him back on a prorated minimum-salary deal represents the best of both worlds for the Wolves.
Minnesota has two open spots on its 15-man roster following its deadline moves, so no corresponding move will be necessary to create room for Conley.
According to Charania, the two sides are working on the timing of the deal. Conley will clear waivers on Saturday afternoon, but the Wolves may not re-sign him immediately since doing so would increase their projected luxury tax penalty and move them closer to the first tax apron.
Nuggets Trade Hunter Tyson To Nets To Duck Tax
10:39 pm: The trade is official, per NBA.com’s transactions log. The Nets have released Tyrese Martin to make room on their roster for Tyson, the team announced (via Twitter).
Tyson has also been waived, tweets Michael Scotto of HoopsHype.
12:58 pm: The Nuggets and Nets have agreed to a trade that will send forward Hunter Tyson to Brooklyn along with a 2032 second-round pick, reports Shams Charania of ESPN (Twitter link). In return, Denver will acquire the least favorable of the Clippers’ and Hawks’ 2026 second-rounders, Charania adds.
The move had been anticipated since Denver was operating just $400K-ish above the luxury tax line, with Tyson considered the most expendable minimum-salary player on the roster.
The trade will allow the Nuggets to duck the tax and create a second opening on their 15-man roster — they’ll have up to two weeks to add a new 14th man, with two-way standout Spencer Jones looking like the obvious candidate to fill that spot on a new standard deal. Michael Scotto of HoopsHype (Twitter link) confirms that promoting Jones is the plan.
Even after completing that move, Denver will have a roster opening that could be filled on the buyout market, and Bennett Durando of The Denver Post (Twitter link) confirms the team intends to be active on that front.
Tyson, 25, was the 37th overall pick in the 2023 draft and has spent the past three seasons with the Nuggets, but never became a trusted part of Michael Malone‘s or David Adelman‘s rotation. The 6’8″ forward has made 90 total regular season appearances, averaging 2.2 points and 1.4 rebounds in 6.8 minutes per game.
The Nuggets will create a small trade exception equivalent to Tyson’s $2.2MM outgoing salary in the deal.
Bucks Waive Nigel Hayes-Davis
The Bucks have requested waivers on forward Nigel Hayes-Davis shortly after acquiring him from Phoenix in a three-team trade, the team announced in a press release.
Hayes-Davis made his NBA debut way back in 2018, but was out of the league for seven years before signing with the Suns during the 2025 offseason. The 6’7″ forward established himself as a standout in the EuroLeague, helping Fenerbahce win a title and earning Final Four MVP honors last spring.
While Hayes-Davis parlayed his success overseas into a new NBA contract, his time in Phoenix didn’t play out as he hoped. The 31-year-old averaged just 7.2 minutes per game in 27 appearances off the bench. He played primarily in garbage time and recording 1.3 points and 1.2 rebounds per contest.
A return to Europe is a possibility for Hayes-Davis if he doesn’t catch on with a new NBA team right away. For what it’s worth, he remains eligible to sign a two-way contract but can’t rejoin the Suns.
As for the Bucks, they added salary to their books and didn’t acquire any additional assets when they swapped Cole Anthony and Amir Coffey for Ousmane Dieng and Hayes-Davis ahead of Thursday’s deadline. Given that Hayes-Davis is already off the roster, it seems safe to assume that they like Dieng.
Celtics Trade Xavier Tillman, Cash To Hornets
10:29 pm: The trade is official, according to the Hornets, who announced that they sent Boston their own top-55 protected 2030 second-round pick to complete the deal.
3:23 pm: More than an hour after the trade deadline passed, word of another deal has trickled in. According to Shams Charania of ESPN (Twitter link), the Celtics reached an agreement to send center Xavier Tillman Sr. and $3.5MM in cash to the Hornets.
It’s a minor move relative to its on-court impact. Tillman, 27, has played an extremely limited role in Boston this season, appearing in just 14 games and averaging 2.2 points and 1.8 rebounds on 7.9 minutes per night. It’s possible the Hornets won’t keep him on the roster after finalizing their trade.
However, it was a crucial move for the Celtics from a financial perspective. After opening the 2025/26 league year operating above the second tax apron, Boston has now moved all the way below the luxury tax line.
The team made cost-cutting moves involving Jrue Holiday, Kristaps Porzingis, and Georges Niang last summer, then moved Tillman, Anfernee Simons, Josh Minott, and Chris Boucher in deals this week to duck slightly out of tax territory. That’s a first step toward the team avoiding repeater penalties in future seasons.
Boston’s margins are very small — after its deadline deals and its promotion of Amari Williams to a standard contract are all official, the team will have 12 players on standard contracts and will be below the tax line by roughly $842K, tweets Yossi Gozlan of The Third Apron.
The Celtics will likely take full advantage of the rule that permits teams to carry fewer than 14 players for up to two weeks at a time and up to 28 days in total. It also seems likely that Max Shulga, another two-way player, will be promoted sooner or later — he would only count for the rookie minimum for tax purposes since he was drafted by Boston, whereas any free agent signing would count as a two-year veteran’s minimum.
The $3.5MM Charlotte will receive in the deal will more than cover Tillman’s remaining salary, so it’s essentially free money for the Hornets, who remain comfortably below the tax line themselves and won’t have a problem taking on the big man’s $2.55MM expiring contract.
Celtics Trade Josh Minott To Nets
9:52 pm: The trade is official, according to announcements from the Celtics and the Nets. Brooklyn sent cash to Boston to complete the deal and has formally waived Cam Thomas to make room on the roster for Minott.
The Celtics received $110K from the Nets, tweets Brian Lewis of The New York Post. That was the minimum necessary to make the deal legal.
1:15 pm: The Celtics are trading Josh Minott to the Nets, Shams Charania reports for ESPN (Twitter link). According to Erik Slater of ClutchPoints (Twitter link), no additional players or draft picks are involved in the deal.
Boston signed Minott last summer to a two-year, minimum-salary deal that includes a second-year team option. The athletic 6’8″ wing appeared in 33 games for the Celtics this season, including 10 starts, and averaged 5.8 points and 3.6 rebounds while shooting 44.2% from three.
While Minott played reasonably well in Boston, he has been out of the rotation since before Christmas, and moving off his contract will help the Celtics reduce their luxury tax bill or perhaps even get out of the tax entirely, though at least one more move would be necessary to accomplish that.
Keith Smith of Spotrac (via Twitter) points to Xavier Tillman Sr. as a name to keep an eye on if the Celtics are aiming to duck the tax.
[UPDATE: The Celtics have indeed traded Tillman.]
As for the Nets, they’ll use their cap room to absorb Minott’s contract. It’s unclear whether they like him and will make him part of their plans going forward or if they’re being incentivized with cash to take on his remaining salary.