I've got the Pelicans able to create $36.6M in cap space after this trade. That's renouncing all of their FAs and waiving W. Gabriel.

If they keep cap holds for J. Hart and D. Louzada (somewhat likely), the Pelicans can create $26.3M in cap space.

Big thing: NO has options now!

— Keith Smith (@KeithSmithNBA) July 26, 2021