Nuggets, Wizards, Clips Agree To Three-Way Deal

4:55pm: Lee clarifies (via Twitter) that the Hornets' pick heading to the Wizards is a 2015 selection. Lee also reports that Young was initially supposed to go to the Nuggets in the deal, but declined to surrender his Bird rights to go to Denver (Twitter link).

4:42pm: The draft pick the Clippers are sending to Washington is the second-round pick they acquired from the Hornets, so it should be an early second-rounder, tweets Michael Lee.

2:38pm: The Clippers have acquired Nick Young from the Wizards as part of a three-team trade, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). According to Wojnarowski, JaVale McGee is heading to Denver and Nene will go to Washington (Twitter link). Ronny Turiaf will also head to the Nuggets, with Brian Cook going to the Wizards, tweets Michael Lee of the Washington Post. The Wizards will receive a future second-round pick from the Clippers, says Marc J. Spears of Yahoo! Sports (Twitter link).

For the Nuggets, the deal seems intended to create future cap flexibility. Ken Berger of CBS Sports hears Denver had been experiencing some "buyer's remorse" about Nene's long-term deal (Twitter link). The future cap space created could make the Nuggets more inclined to increase their offer to restricted free agent Wilson Chandler before his self-imposed Friday deadline.

The Wizards acquire what appears to be their center of the future in Nene. Presumably, amidst reports that McGee would seek $14MM annually in free agency this summer, Washington decided to acquire a big man they felt was worth that sort of commitment. Nene has four years and $52MM remaining on his contract after this season.

The Clippers, meanwhile, use the $3.8MM trade exception they received by trading Eric Gordon to absorb Young's salary. For the low cost of Cook and a second-rounder, they've added a two guard to help in a potential postseason run. Young has the ability to veto any trade he's involved in, but multiple reports have suggested he appears willing to approve this deal.

TNT's David Aldridge first tweeted that the Wizards and Nuggets were "in serious talks" about a deal involving Young, McGee, and Hilario.

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