news

Pelicans Trade Daniel Theis to Thunder, Fall Below Luxury Tax Threshold

05 Feb 2025, 2:18 PM ET — 1 min read

The New Orleans Pelicans made a significant transaction by trading center Daniel Theis to the Oklahoma City Thunder on February 5, 2025. This trade, first reported by ESPN’s Shams Charania, included draft compensation for the Thunder, marking a strategic move for the Pelicans as they aim to manage their financials more effectively. With this trade, the Pelicans successfully moved below the luxury tax line, a change attributed to Theis's expiring contract worth $2.1 million.

Current Situation: Before the trade, the Pelicans were $1.4 million over the luxury tax threshold. Activation of this move aligns with the team's financial strategy going forward.
Player Performance: Daniel Theis has been averaging 4.3 points, 4.3 rebounds, and 1.6 assists in 16.3 minutes per game across 38 appearances this season.
Trade Implications: The Pelicans' decision to offload Theis reflects an approach to enhance financial flexibility, especially as they navigate upcoming trade deadlines and salary cap considerations.

Overall, this trade has significant implications not only for the Pelicans' roster management but also for the Thunder, who continue to build depth in their frontcourt. The finalized terms solidify the Pelicans’ strategy as they adjust to their current financial commitments and performance objectives.

Philadelphia 76ers Promote Jared Butler to Standard Contract Following Trade

The Philadelphia 76ers have officially transitioned guard Jared Butler from a two-way contract to a standard, two-year NBA contract. This strategic move comes after the team acquired Butler from the Washington Wizards, along with four future second-round picks, in exchange for veteran guard Reggie Jackson and a first-round draft pick

Jamal Murray Scores Career-High 55 Points as Nuggets Defeat Trail Blazers

In a standout performance on February 12, 2025, Jamal Murray of the Denver Nuggets set a new career-high by scoring 55 points in a 132-121 victory against the Portland Trail Blazers. This marked the eighth consecutive win for the Nuggets, showcasing their formidable form as they headed into the All-Star

Sacramento Kings Sign Former No. 1 Pick Markelle Fultz to Address Point Guard Shortage

The Sacramento Kings have officially signed former No. 1 overall pick Markelle Fultz as they seek to reinforce their roster following the departure of star point guard De'Aaron Fox. The agreement comes as the Kings aim to bolster their playoff aspirations with the regular season entering its final

Brooklyn Nets Extend Winning Streak to Three with 100-96 Victory Over 76ers

In a thrilling matchup, the Brooklyn Nets secured a narrow 100-96 victory against the Philadelphia 76ers, marking their third consecutive win. The game was tightly contested, with the Nets battling against a short-handed Sixers squad lacking key players such as Joel Embiid and Tyrese Maxey due to injuries. The win

Read more

Philadelphia 76ers Promote Jared Butler to Standard Contract Following Trade

Jamal Murray Scores Career-High 55 Points as Nuggets Defeat Trail Blazers

Sacramento Kings Sign Former No. 1 Pick Markelle Fultz to Address Point Guard Shortage

Brooklyn Nets Extend Winning Streak to Three with 100-96 Victory Over 76ers