New Orleans Pelicans

The Pelicans signed Caleb Houstan to a one-year contract. (Source: Michael Scotto on Twitter)

Fantasy Impact: Houstan appeared in 18 NBA games for the Hawks last season. He will remain off the fantasy radar.

Jaron Pierre Jr. and the Pelicans have agreed to a two-way contract. (Source: Marc Stein on Twitter)

Fantasy Impact: Pierre will add depth for the Pelicans.

The Pelicans are in active trade discussions regarding Jordan Hawkins. (Source: Marc Stein/Jake Fischer)

Fantasy Impact: The Grizzlies have reportedly been involved. Hawkins averaged a career-high 10 points per game two seasons ago.

Kevon Looney has agreed to a 1-year, $3.9 million contract with the Los Angeles Lakers for the upcoming season. (Source: Shams Charania on X)

Fantasy Impact: The Lakers were rumored to be in the market for a backup center, and it looks like Looney will fill that role behind the newly acquired Walker Kessler. Looney is coming off a season where he played just 21 games for New Orleans, but he previously served as a reliable big man for the Warriors for 10 seasons.

The Knicks have reportedly triedto trade for New Orleans Pelicans center Yves Missi. (Source: Chris Haynes on Twitter)

Fantasy Impact: The Knicks are looking for a new backup center after losing Mitchell Robinson. The Pelicans have rejected multiple offers.

Trey Alexander will join the Chicago Bulls for 2026 NBA Summer League.

Fantasy Impact: Alexander was previously let go by the Pelicans where he was on a two-way contract.

The Pelicans have tendered a two-way qualifying offer to Hunter Dickinson. (Source: Keith Smith on Twitter)

Fantasy Impact: Dickinson will now be a restricted free agent this summer. He is likely to remain off the fantasy radar.

The Pelicans exercised Karl Matković’s option for the 2026-27 season. (Source: New Orleans Pelicans)

Fantasy Impact: Matkovic appeared in 62 games last season. He is likely to remain in a reserve role for New Orleans.

The Celtics are showing interest in Trey Murphy III. (Source: Sam Amick)

Fantasy Impact: Murphy could be a "plan B" for Boston if it can't land Giannis Antetokounmpo. He is coming off back-to-back seasons averaging 21 points per game for New Orleans.

Derik Queen scored 30 points (11-28 FG, 1-2 3PT, 7-8 FT) to go along with 22 rebounds, four assists, one steal and one block in the Pelicans 132-126 loss against the Timberwolves.

Fantasy Impact: Queen concludes his rookie season on a super high note. He showed flashes throughout the year when he was able to see more run on the court. He'll look to carry it over into next season.

Jeremiah Fears scored 36 points (12-29 FG, 0-5 3PT, 12-14 FT) to go along with 10 rebounds, five assists, two steals and two blocks in the Pelicans 132-126 loss against the Timberwolves.

Fantasy Impact: It wasn't the most efficient shooting night, but Fears ends his rookie season with three straight games scoring at least 36 points. He'll return to a reserve role heading into next season.

Saddiq Bey has been ruled out for Sunday's game against the Timberwolves. (Source: NBA Injury Report)

Fantasy Impact: Bey is one of many key players ruled out for the Pelicans. Jordan Poole and Micah Peavy will continue to see more run.

Herbert Jones has been ruled out for Sunday's game against the Timberwolves. (Source: NBA Injury Report)

Fantasy Impact: Jones is one of many key players ruled out for the Pelicans. Jordan Poole and Micah Peavy will continue to see more run.

Zion Williamson has been ruled out for Sunday's game against the Timberwolves. (Source: NBA Injury Report)

Fantasy Impact: Williamson is one of many key players ruled out for the Pelicans. Derik Queen and Kevon Looney will continue to see more run.

Dejounte Murray has been ruled out for Sunday's game against the Timberwolves. (Source: NBA Injury Report)

Fantasy Impact: Murray is one of many key players ruled out for the Pelicans. Jeremiah Fears and Jordan Hawkins will continue to see more run.

Jordan Poole scored 34 points (12-23 FG, 7-16 3PT, 3-4 FT) to go along with two rebounds, four assists, one steal and one block in the Pelicans 156-137 win over the Jazz.

Fantasy Impact: Poole took full advantage of the absences of all three of Zion Williamson, Saddiq Bey and Herb Jones. He could continue to see similar opportunity to close the regular season this week.

Bryce McGowens has been ruled out for Wednesday’s game against the Raptors.

Fantasy Impact: McGowens is dealing with a fractured small toe on his right foot. His absence won't impact the Pelicans rotation for fantasy managers.

Micah Peavy has been ruled out for Friday's game against the Milwaukee Bucks. (Source: NBA Injury Report)

Fantasy Impact: Peavy will miss his second consecutive game with a right great toe sprain. His next opportunity to play comes on Saturday against the Philadelphia 76ers. Having logged fewer than 10 minutes in four of his last five games, his absence is unlikely to impact the New Orleans Pelicans rotation.

The Pelicans are expected to waive Dalen Terry.

Fantasy Impact: Terry was traded twice ahead of Thursday’s trade deadline. He will likely seek another opportunity to end this season.

Jose Alvarado has been traded to the New York Knicks for Dalen Terry, two second round picks, and cash. (Source: Shams Charania via X)

Fantasy Impact: Alvarado gets to come home as he’s sent to the Knicks. It’s certainly a better situation for the veteran guard, but more for real life than fantasy. He’s best left on benches or waivers until we learn more about his usage in the Big Apple.