This offseason has been a peculiar one for the New Orleans Pelicans. Their first big move of the offseason was a trade with the Memphis Grizzlies in which their goal seemed to be to clear as much cap space as possible. Could another deal could be on the horizon, possibly with the Dallas Mavericks for Kristaps Porzingis?

They sent a 2022 first-round pick via the Los Angeles Lakers to the Grizzlies, along with Eric Bledsoe and Steven Adams, for Jonas Valanciunas. The teams also swapped first and second-round picks in the 2021 NBA Draft, so it was a pretty steep price to pay for some cap flexibility. But, the move couldn’t be judged until we saw what was done with the cap space.

New Orleans was reportedly interested in acquiring Kyle Lowry, but he ended up going to the Miami Heat. Their restricted free agent, Lonzo Ball, signed an offer sheet with the Chicago Bulls. With the space to accommodate the four-year, $85 million deal he signed, the Pelicans did not match, instead, agreeing to a sign-and-trade.

Devonte’ Graham was later acquired in a sign-and-trade with the Charlotte Hornets to help shore up the point guard spot, but they traded a future first-round pick to get it done. While New Orleans isn’t hurt for future first-round picks from the Anthony Davis and Jrue Holiday trades, it was still poor asset management this offseason by the front office.