New Orleans waived Dallen Terry at the NBA trade deadline
The New Orleans Pelicans gave up guard Dalen Terry on Friday, a day after acquiring him in a trade with the New York Knicks at the NBA trade deadline.
HoopsHipe’s Michael Scotto reported the move on Friday, noting that New Orleans decided to part ways with Terry shortly after the trade became official.
“New Orleans Pelicans waive guard Dallen Terry, league sources tell @hoopshipe,” Scotto wrote on X, formerly known as Twitter.
The decision comes as New Orleans continues to manage its salary structure. ClutchPoints NBA Insider Brett Siegel provided additional context on the move and his move financial implications.
“The Pelicans, who have $1 million against the tax line, are opening a roster spot by waiving Terry,” Siegel reported. “New Orleans received two second-round picks from the Knicks for him: 2026 ORL/MIL/DET (least favorable) and 2027 IND/MIA/OKC/HOU (second most favorable).”
Dalen Terry waived as Pelicans create roster and salary flexibility
Terry’s journey to New Orleans was short and indirect. New York acquired the 23-year-old guard earlier in the week after The Knicks traded Gershon Yabusele to the Chicago Bulls. New York then included Terry in rock deal with the Pelicans as part of a package to acquire Jose Alvaradousing Terri primarily as a payroll and roster engine.
Now in his fourth NBA season, Terry has appeared in 34 games this year and averaged 3.5 points, 1.9 rebounds and 1.3 assists per game while shooting 44.1 percent from the field and a career-high 41.3 percent from three. He logged 11.1 minutes per contest in a limited role.
New Orleans enters the latter part of the season focused on flexibility rather than long-term lineup commitments. By waiving Terry, the Pelicans made a roster spot while staying under the luxury tax threshold as they evaluate options for the rest of the year.
The Pelicans are 13-40 and will look to snap a three-game losing streak on Friday night when they face the Minnesota Timberwolves to conclude a four-game road trip. Tipoff is set for 8:00 PM ET.
2026-02-06 22:24:00
