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The Pelicans quietly control a major piece of the Giannis trade puzzle

The Pelicans have one of the league's most valuable trade chips if Giannis rumors come true.

Nov 28, 2025; New York, New York, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) looks back during the second half against the New York Knicks at Madison Square Garden. Mandatory Credit: Vincent Carchietta-Imagn Images | Vincent Carchietta-Imagn Images

To say the least, this season has been a disaster for the New Orleans Pelicans. A 3–19 record through 22 games, a bottom-three net rating in the league, constant injuries, and even a coaching change.