Micah Peavy is now on the Memphis Grizzlies roster after moving from the New Orleans Pelicans, a move confirmed Tuesday, Sept. 8. It follows a same-day report from Shams Charania on a four-player trade between the two clubs, carried at 90 percent confidence.
The move
Micah Peavy, a 25-year-old guard-forward with one season of experience, is on the Memphis Grizzlies roster after leaving the New Orleans Pelicans, according to the official roster update on Tuesday, Sept. 8. The move follows a report from the same day, "Pelicans, Grizzlies Agree To Four-Player Trade," from Shams Charania, carried at 90 percent confidence. The Grizzlies now count him among 22 players on their roster for the 2026-27 season.
The money
Peavy's contract runs through 2028-29: $2.2 million this season, $2.5 million in 2027-28, and a $2.7 million team option in 2028-29. Memphis carries a payroll of $167.6 million across 22 contracts for 2026-27, putting the club over the salary cap but under the luxury tax. The cap sits at $165.0 million, the tax line at $200.4 million, the first apron at $209.0 million and the second apron at $221.7 million.
The fit
Peavy averaged 4.3 points, 1.9 rebounds and 1.0 assist in 15.0 minutes across 61 games last season. He joins a Grizzlies rotation from last season led by Toby Okani (36.2 minutes, 10.0 points), Lucas Williamson (32.0 minutes, 10.4 points), Jaren Jackson Jr. (30.7 minutes, 19.2 points) and Ja Morant (28.4 minutes, 19.4 points). The Grizzlies carry 22 players on the roster, against a standard limit of 15 plus three two-way spots.
What does Memphis send back in the deal?
Not announced. The report names a four-player trade between the Pelicans and Grizzlies but does not list the other players involved.
Is this confirmed as a trade?
The roster update shows Peavy on the Grizzlies rather than the Pelicans as of Tuesday, Sept. 8. A trade report from Shams Charania, carried at 90 percent confidence, preceded that update, but no separate trade announcement is on file.
What is Peavy set to earn in Memphis?
$2.2 million in 2026-27, $2.5 million in 2027-28 and a $2.7 million team option in 2028-29, on a Grizzlies payroll of $167.6 million across 22 contracts.