Pelicans rumors: Williamson, Murphy, Jones, Alvarado

Hired as the Pelicans‘ new head of basketball operations in the spring, Joe Dumars opted against pursuing a trade of oft-injured forward Zion Williamson during his first summer on the job. However, with New Orleans off to a league-worst 3-19 start this fall and Williamson once again battling health issues – first a hamstring strain and now an adductor strain – it appears increasingly unlikely that the former No. 1 overall pick will be part of the team’s long-term future, writes Chris Dodson of ClutchPoints.

One league source who spoke to ClutchPoints speculated that the Pelicans would be willing to accept the first decent, reasonable offer” they get for Williamson, but the 25-year-old’s value is diminished due to his injury history. New Orleans has yet to have any meaningful trade negotiations involving Williamson, according to Dodson, who notes that the team’s leverage is extremely limited.

Discussing the Williamson situation during an appearance on Wednesday’s episode of NBA Today (YouTube link), ESPN’s Brian Windhorst said the two-time All-Star has “almost next to no value” and pointed out that the Pelicans remain incentivized to win games this season because they don’t control their own 2026 first-round pick.

“I know this sounds like a broken record,” Windhorst said, “but I think the pathway forward with Zion is continue to support him, like (interim head coach) James Borrego said, and continue to try to exhaust all pathways to get him into a space where he can be the dominant player that he is.”

Here’s more on the Pelicans:

• While sharpshooter Trey Murphy III would have significant value on the trade market if he were made available, the Pelicans seem more inclined to view him as a core part of the team’s future rather than a trade asset, Dodson writes. One source tells ClutchPoints that New Orleans would want a Desmond Bane-type return in the event of a Murphy trade, with multiple first-round picks, a veteran contract, and a solid young prospect viewed as a starting point.
• Pelicans defensive stopper Herbert Jones also has plenty of trade value, with the Lakers and Warriors among the teams that have “actively” looked into pathways to acquiring him, Dodson reports.
• Guard Jose Alvarado is another New Orleans role player who has generated trade interest this fall, Dodson confirms. Alvarado, who is on a pseudo-expiring contract, with a $4.5MM player option in 2026/27, was previously said to be drawing interest from Indiana.
• Dodson suggests that attaching one of those coveted role players to Williamson may be the best way for the Pelicans to maximize their return in any trade involving the former Duke standout.