Pelicans Waive Dalen Terry

New Orleans just acquired Terry (and two second-round picks) on Thursday in the trade that sent Jose Alvarado to New York. The Knicks landed Terry in a separate deal with Chicago.

The 18th overall pick in the 2022 draft after two college seasons at Arizona, Terry never developed into a reliable rotation player in his three-and-a-half years with the Bulls. The 6’6″ wing has appeared in 34 games in 2025/26, averaging 3.5 points, 1.9 rebounds and 1.3 assists in 11.1 minutes per contest.

Assuming Terry goes unclaimed, which seems highly likely, the Pelicans will carry a dead-money cap hit of $5,399,118. They also opened a spot on their standard roster, and Guillory suggests the team plans to promote Bryce McGowens from his two-way contract.

Still just 23 years old, Terry could be a candidate to catch on with another team before the season ends. For what it’s worth, he would be eligible for a two-way deal that covers the remainder of ’25/26 once he hits free agency.