The Golden State Warriors’ interest in Trey Murphy III has not translated into meaningful progress because their current offer falls short of what the New Orleans Pelicans want.
Golden State has proposed a package centered around two first-round picks for the 26-year-old wing, according to ClutchPoints insider Brett Siegel. New Orleans has continued asking for three first-round selections and a young player it views as part of its long-term core.
That final piece may be the biggest obstacle.
The Warriors’ Trey Murphy III pursuit has stalled as the Pelicans demand three first-round picks and a promising young player. NBAE via Getty Images
“New Orleans has not changed their asking price of three first-round picks for Murphy and a young player they can add to their core, something the Dubs do not have to offer,” Siegel wrote.
The Warriors have several players aged 24 or younger, including Brandin Podziemski, Moses Moody, Gui Santos and rookie Yaxel Lendeborg. Those players apparently don’t move the needle for the Pelicans or the Warriors are not interested in mortgaging the future.
That leaves the Warriors in an uncomfortable position after already missing out on LeBron James, who chose to sign with the Philadelphia 76ers.
Murphy would address several of Golden State’s most glaring needs. He averaged 21.5 points, 5.7 rebounds, 3.8 assists and 1.5 steals last season while shooting 37.9% from 3-point range. His combination of size, shooting and defensive versatility would make him a natural fit alongside Stephen Curry.
He could also help carry the offense while Jimmy Butler recovers from a torn ACL.
The problem is that New Orleans has little incentive to lower its price. Murphy is entering his prime, remains under contract and is coming off the best season of his career. The Pelicans have also resisted previous offers while maintaining that they hope to compete next season.
Golden State can increase its draft compensation, but matching the complete asking price would require either persuading New Orleans to value one of its current prospects or finding another team to help facilitate a deal.
The situation reflects a larger roster-building problem for the Warriors.
Golden State once had premium young trade assets in James Wiseman and Jonathan Kuminga but held onto both until their values declined. The franchise now has future first-round picks available but lacks the coveted young centerpiece that rebuilding teams commonly demand in blockbuster negotiations.
Trey Murphy III dunks the ball during the game against the Golden State Warriors. NBAE via Getty Images
That has made it difficult to land Murphy, much less established stars such as Jaylen Brown or Anthony Davis.
The Warriors must also decide whether Murphy is worth three first-round picks and another rotation player. His production and age make him appealing, but the Pelicans’ requested return resembles the price typically attached to a proven All-Star.
For now, Golden State appears headed toward returning much of the same roster that missed the playoffs last season. Draymond Green is expected to re-sign, but Butler’s injury leaves Curry without a dependable second scoring option to begin the year.
Murphy could provide both immediate help and long-term value.
The Warriors simply may not have what New Orleans wants to make it happen.
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