Ish Smith was waived by the Pelicans on Thursday.

Smith was waived by the Pelicans on Thursday.

Analysis:

Smith was acquired from the Thunder during Thursday's trade extravaganza, but with no intention of using Smith, the Pelicans immediately cut ties with the reserve point guard. As a result, Smith hits the open market as a free agent, but will probably have a minimal impact on fantasy leagues unless he signs with a team in tank-mode moving forward.