The Hornets, Houston Rockets and Memphis Grizzlies finalized a multi-player swap that sends Mike James and Bonzi Wells to New Orleans, with Bobby Jackson, Adam Haluska and a second-round draft pick going to Houston.
New Orleans officially announced the deal Thursday afternoon, an hour before the 3 p.m. ET NBA trading deadline.
Different variations of the trade evolved Wednesday evening, and the Grizzlies got involved to make it a three-team deal.
Memphis receives Brazilian forward Marcus Vinicius from the Hornets. The draft rights to Ukrainian forward Sergei Lishchuk, a second-round pick of the Grizzlies in 2004, were sent to Houston. The Grizzlies, which also get cash considerations from Houston, acquired the draft rights to Senegalese center Malick Badiane, a second-round pick in 2003, from the Rockets.