7:40pm: The amount of cash going to the Hornets from the Suns is about $1.15MM, tweets Paul Coro of the Arizona Republic.
12:16pm: The Suns, Hornets, and Timberwolves have officially completed a three-team trade that will send Robin Lopez to the Hornets and Wesley Johnson to the Suns, the teams announced today. Per a Hornets press release, the deal breaks down as follows:
- Hornets acquire: Robin Lopez (from Suns), Hakim Warrick (from Suns), cash (from Suns)
- Suns acquire: Wesley Johnson (from Timberwolves), Brad Miller (from Hornets), Jerome Dyson (from Hornets), 2013 first-round pick (from Timberwolves)
- Timberwolves acquire: 2013 second-round pick (from Hornets), 2014 second-round pick (from Suns), 2016 second-round pick (from Hornets)
Lopez is the only player changing hands who was not previously under contract, so New Orleans receives him as part of a sign-and-trade. His contract is for three years and about $15.3MM, according to Adrian Wojnarowski of Yahoo! Sports.
Dyson's contract is non-guaranteed, and Miller, who has a partially-guaranteed deal, is expected to retire, so Phoenix will likely waive both of those players in the near future. The first-round pick the Suns acquire from the T-Wolves will be either the Wolves' or Grizzlies' pick depending on those teams' performances. Paul Coro of the Arizona Republic has the details (via Twitter).
Two of the three picks the Timberwolves receive in the deal are ones they sent to the Hornets earlier this month. The 2013 second-rounder is Brooklyn's, the 2016 second-rounder is New Orleans', and the 2014 second-rounder is the Lakers, acquired by Phoenix in the Steve Nash trade.