After selecting Malcolm Brogdon with the 36th overall pick, the Bucks have sent No. 38 to the Warriors, reports Shams Charania of The Vertical (Twitter links). According to Charania, Golden State is using the pick to nab UNLV shooting guard Patrick McCaw.
Jonathan Givony of DraftExpress.com reports (via Twitter) that the 38th overall pick has been on sale for several weeks now, so it sounds like the Warriors are simply buying it from the Bucks. Adrian Wojnarowski of The Vertical tweets that Golden State is sending $2.4MM to Milwaukee as part of the deal.
Per Givony, Brooklyn was rumored to have a deal lined up for No. 38 before the Nets acquired the No. 20 pick instead.