Complicated trade, but the Pelicans trade Jonas, Ingram, Nance and Kira Lewis in order to get Tobias Harris (expiring contract), Myles Turner and Alex Caruso. They do this because Turner is a better fit for what they need - rim protection and floor stretching than Jonas. Although Ingram has been important to the team, he is frequently injured, and an unclear long term fit next to Zion. Getting Harris's expiring contract, alongside Caruso, allows them to use Herb and Murphy in that spot more, and Caruso also is a good fit for the team. Ideally they would be able to come to terms with a contract with Tobias for a much lower number, that would allow them to stay under the tax moving forward.

The Pacers trade Myles Turner for Jonas and Caleb Martin, as well as a first round pick. Jonas is likely considered a downgrade from Turner, but his contract expires, saving them $15M against the cap next year, and Caleb Martin should provide them what they need most right now - perimeter defense. They would likely need to move one of their other wings - most likely Buddy Hield, in a crowded backcourt, after this. They get a 2029 first from the perennially rebuilding Bulls for their troubles.

The 76ers, rumored to not be enamored with Zach Lavine, get their 3rd scorer in Brandon Ingram, to go alongside Maxey and Embiid. I would imagine they prefer Ingram to Lavine, he's younger, more efficient, and significantly less money, with a shorter contract. He is also used to playing alongside other ball dominant players - LeBron and Zion.

The Bulls start their rebuild. They move Lavine and Caruso for 3 first round picks (they may be able to get more, including swaps, etc., but they don't effect the bones of this trade). They also clear a ton of cap room for 2024 - almost $50MM, and get a look at Kira Lewis Jr. who isn't getting playing time on a more competitive Pelicans team.

The Heat trade 2 first round picks, Kyle Lowry (who isn't part of their future) and Caleb Martin, who is struggling to generate offense, their Achilles heel in the playoffs, for Zach Lavine. Theoretically, he'd be able to team with Jimmy Butler and Bam Adebayo, as well as Tyler Herro, to provide a more formidable offense.

I can see Pelicans fans (of which I am one) not loving the idea of giving up Brandon Ingram, but what this team has struggled with most is availability. I can't see them trading Zion at this point, until he was able to get his trade value up more significantly. I think Turner and Caruso are great fits for the team, and Harris provides probably 80% of what Brandon Ingram provides for the remainder of 2023-24, after which Murphy should hopefully be able to step into that role. They won't be able to pay everyone as Murphy and Daniels come off their rookie contracts, so this clears some long term flexibility, as well as helping them in the short term.