New Orleans Pelicans forward Trey Murphy III remains on the trade block, but the market has quieted. The Athletic's John Hollinger reports that the chatter has cooled and may not pick back up until LeBron James chooses a team and the rest of the dominoes fall. New Orleans, coming off a 26-56 season, is reportedly asking for around three first-round picks. That steep price has kept Detroit, Golden State, and Cleveland interested without getting a deal done. Murphy holds fantasy value wherever he ends up. He posted career highs last season with 21.5 points, 5.7 rebounds, 3.8 assists, and 1.5 steals while shooting 37.9 percent from deep and 88.6 percent from the line. A move into a clear-usage role, such as next to Cade Cunningham in Detroit, could raise his ceiling, while staying in New Orleans keeps him the team's top option. The one caveat is durability, since he has played just 57, 53, and 66 games over the past three seasons. Draft him as a mid-round building block and watch where he lands.

Dallas is cutting loose two-way forward Tyler Smith, per Michael Scotto of HoopsHype, the latest stop in a well-traveled season for the 33rd pick in the 2024 draft. Smith managed just 4.7 points in 13.8 minutes across 12 games with the Mavericks, though he kept producing in the G League, averaging 15.9 points and 5.2 rebounds for the Rio Grande Valley Vipers. At 21, he still flashes stretch-four upside, but Dallas's crowded frontcourt of P.J. Washington, Daniel Gafford, Dereck Lively II, Santi Aldama, and Morez Johnson Jr. left no runway. He holds no standard-league value, and the constant roster churn keeps him a distant deep-dynasty name at most.

The Indiana Pacers are waiving two-way guard Taelon Peter, per Michael Scotto of HoopsHype, opening one of their three two-way slots. The 54th pick in the 2025 draft averaged 4.5 points, 1.6 rebounds and 1.1 assists in 12.9 minutes over 38 games as a rookie, production that came largely because Indiana leaned on backcourt depth during Tyrese Haliburton's season-long absence. Peter carries no standard-league fantasy value, and this is a procedural depth move rather than a needle-mover. The open two-way spot is worth a passing glance for dynasty managers tracking Indiana's G League pipeline, but the Pacers' real backcourt story remains Haliburton ramping back up for 2026-27.

Free-agent forward Jonathan Kuminga remains stuck in a slow-moving market. The Athletic reported that the Lakers and Kuminga's camp are still far apart on terms, while Los Angeles is reluctant to attach significant draft capital in a sign-and-trade. Even so, the 23-year-old is still the biggest upside swing left on the board and could re-emerge as a Lakers target if his market stays cold, with Cleveland the team most often tied to him otherwise. Kuminga averaged 12.2 points, 5.6 rebounds, and 2.3 assists last season, and the Lakers have reportedly pitched him on a high-minutes role next to Luka Doncic. That remains the crux of his fantasy case: a starting job in Los Angeles would give the former No. 7 pick clear mid-round appeal, while an uncertain landing spot and his uneven scoring profile keep the floor shaky.