The Pacers gain about $3.2 million in cap space by not having to pay the No. 23 pick, putting them almost $20 million below the luxury tax line. Indiana plans to re-sign Myles Turner this summer, likely for around $30 million a year, and while ownership reportedly is willing to go into the tax to do it this lessens the tax blow a little.

The Pacers are also sending the Pelicans the draft rights to Mojave King, the 47th overall pick in 2023. They are acquiring their own 2026 first-round pick from the Pelicans, which was previously dealt to the Toronto Raptors in the trade involving Pascal Siakam.