The NBA’s trade market remains active as of July 4, 2026, with the New Orleans Pelicans seeking a significant return for Trey Murphy III. Meanwhile, the Los Angeles Lakers have completed a major roster retooling, including the acquisition of center Walker Kessler and the departure of LeBron James, according to recent reporting from Heavy, NBC Sports, and Bleacher Report.
The Market for Trey Murphy III
Interest in Trey Murphy III has persisted for six months, with the New Orleans Pelicans reportedly setting a high asking price. According to Heavy, the Pelicans are seeking a “Desmond Bane-type” package consisting of four draft picks. However, league sentiment suggests a deal could be finalized for three picks.
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The value of such a trade is bolstered by Murphy’s current contract, which carries a remaining value of three years and $87 million. One Western Conference executive noted that the financial structure of the deal is more attractive than recent high-profile trades, such as the one that sent Jaylen Brown to the Philadelphia 76ers. In the modern NBA, where the Collective Bargaining Agreement has introduced more punitive luxury tax tiers known as “aprons,” contracts like Murphy’s—which provide high-level production at a mid-tier price point—are increasingly viewed as essential assets for teams attempting to build competitive rosters while staying under the second tax apron.
Lakers Roster Overhaul and Salary Cap Management
The Los Angeles Lakers have fundamentally altered their roster this offseason. Following the exit of LeBron James, the team successfully traded for center Walker Kessler from the Utah Jazz. NBC Sports reports that the Lakers also re-signed Austin Reaves to a four-year, $184.8 million contract and added free agents including Quentin Grimes on a four-year, $60 million deal.

The team faces ongoing pressure to manage its salary cap to accommodate these signings. To remain compliant, the Lakers may look to offload contracts, potentially including Jarred Vanderbilt. As noted by Heavy, Vanderbilt’s contract carries $12 million for next year and a player option for $13 million in the 2027-28 season. The Lakers could pair him with second-round picks acquired in the Deandre Ayton trade to facilitate a salary dump. Under current league rules, teams looking to shed salary often attach draft capital as an incentive for rebuilding teams to absorb the contract into their own available cap space, a common maneuver as the July moratorium period concludes and teams finalize their 15-man active rosters for the upcoming season.
Rui Hachimura’s Status and Market Value
Rui Hachimura remains a focal point for teams seeking floor-spacing power forwards. Bleacher Report highlights that Hachimura shot 44.3 percent from three-point range on 3.9 attempts, making him a valuable asset. While the Lakers hold his rights, cap space constraints may force the team to move on.
If Hachimura reaches unrestricted free agency, his cap hold would occupy $27.4 million of the Lakers’ space. Should the team prioritize other signings, Hachimura would likely seek a deal exceeding the non-taxpayer mid-level exception of $15.1 million. Potential suitors identified by reports include the Brooklyn Nets, Chicago Bulls, and Detroit Pistons. For teams like the Pistons or Nets, adding a player of Hachimura’s profile—a versatile forward capable of playing in both small-ball and traditional lineups—is a standard strategy for teams looking to climb out of the lottery and toward the play-in tournament seedings.
Top Remaining Free Agents
With major moves already reshaping the league, several impactful players remain on the market. These players represent the secondary tier of free agency, where teams often look to fill out their benches with specialists after the initial wave of max-contract signings. The remaining pool includes:

- Gary Trent Jr.: An efficient shooter who has converted 38.5 percent of his three-pointers over the last five seasons.
- Payton: Remains an impactful contributor with 63.5 percent true shooting last season, though limited to 15-20 minutes per game.
- Bennedict Mathurin: A 24-year-old wing capable of scoring in bunches, despite a career 33.6 percent mark from three-point range.
- Peyton Watson: A strong wing defender who saw increased offensive volume following an injury to Nikola Jokic.
League-Wide Trade Landscape
The trade market has been defined by high-value exchanges, most notably the swap of Jaylen Brown to the 76ers for Paul George. Per Heavy, the Celtics received a 2028 first-round pick, a 2031 unprotected first-rounder, and two second-round picks in the deal. The secondary trade market continues to monitor Anthony Davis, though the Washington Wizards have yet to signal an intent to move the center, despite adding Deandre Ayton to their frontcourt rotation.
The movement of stars like Brown and the potential availability of players like Murphy and Davis signals a broader trend across the NBA: teams are increasingly willing to sacrifice long-term roster stability for immediate tactical fits. As the league prepares for the Summer League and the finalization of training camp rosters, the focus shifts to how these new acquisitions integrate into their respective systems. For the Lakers, the integration of Kessler and the departure of James mark the most significant organizational shift in a decade, forcing a re-evaluation of the team’s championship window as they pivot toward a younger, more cost-controlled core.
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