The Indiana Pacers have traded their No. 23 overall pick in the upcoming NBA draft to the New Orleans Pelicans, allowing for increased financial flexibility. In return, the Pacers reacquire their own first-round pick for 2026, thus continuing a streak of possessing this pick for seven consecutive drafts. The trade clears approximately $3.2 million in cap space as the Pacers aim to address their roster amid entering the offseason projected $20 million under the luxury tax. The team is competing in the NBA Finals for the first time in over two decades, trailing the Oklahoma City Thunder 3-2.
The Indiana Pacers are trading their first-round selection in next week's NBA draft -- the No. 23 overall pick -- to the New Orleans Pelicans.
The trade clears out nearly $3.2 million in salary cap space for the Pacers, who now currently possess their own first-round pick in seven consecutive drafts starting in 2026.
The Pacers are projected to enter the offseason about $20 million below the luxury tax and well beneath both cap aprons.
The Pacers, who are playing in the NBA Finals for the first time since 2000, will return most of the core of their current roster.
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