5:32pm: The trade is official, the Heat have announced.
JULY 10th, 5:16pm: The Heat are in “advanced trade discussions” with the Pelicans for combo forward Luke Babbitt, tweets Marc Stein of ESPN.com. New Orleans will receive draft considerations and cash in return.
The draft considerations involve the heavily protected 2018 pick the Pelicans sent to Miami in a February deal for Jarnell Stokes, tweets Ira Winderman of The Sun-Sentinel. The draft choice was protected unless it fell out of the top 55 (Twitter link). Miami is also sending the first of its allowable cash outlays for next season to New Orleans (Twitter link).
The 6’9″ Babbitt has six years of NBA experience with the Pelicans and Trail Blazers. He played in 47 games last season, averaging 7.0 points and 3.1 rebounds.