The New Orleans Pelicans trade Jordan Hawkins and Micah Peavy to the Memphis Grizzlies in a multi-player agreement, according to reports. Yahoo Sports and The Athletic both describe Hawkins being sent to Memphis as part of a four-player swap that adjusts each team’s roster and finances.

The move is widely linked to New Orleans’ cap management. The Pelicans are creating salary space under the league’s first-apron threshold to sign Bennedict Mathurin, reports say. Yahoo Sports characterizes the transaction as a cost-cutting move, while The Athletic describes it specifically as creating room under the first apron.

While outlet reporting aligns on the key pieces moving from New Orleans to Memphis—Hawkins and Peavy—there are differences in how the incoming players are framed. Yahoo Sports reports the Pelicans receive AJ Johnson and Taj Gibson, whereas The Athletic’s account focuses on the trade’s structure and its purpose rather than repeating all names in its headline.