The New Orleans Hornets selected Cole Aldrich with the 11th pick in the 2010 NBA Draft. The Hornets are in negotiations in trading Aldrich and guard Morris Peterson in exchange for multiple draft picks. We will not be able to complete a trade until after the moratorium period concludes on July 8.

The full trade specifics will be updated at a later time. Multiple media outlets report that the Oklahoma City Thunder are the not-yet-named team New Orleans is trading with.

“The concept that we liked was the idea of being able to add two players,” said General Manager Jeff Bower. “We thought that multiple picks was something that we wanted to pursue, particularly, with the opportunity to add two different types of players. We felt it does present us with those options, should the deal be finalized.”

New Orleans originally selected Kansas’ Aldrich at the 11th slot. An early entry candidate for the 2010 Draft, Aldrich averaged 11.3 points and 9.8 rebounds as a junior, registering 15 double-doubles. He owns the Kansas school record for blocks in a season (125) and second on the career blocked shots list.

Peterson holds career averages of 10.8 points, 3.5 rebounds, 1.5 assists and 27.4 minutes in 707 games (487 starts) with Toronto and New Orleans. Last season he played in 43 games (39 starts) for the Hornets, averaging 7.1 points, 2.7 rebounds and 0.9 points in 21.2 minutes per game.