9:26pm: The deal has been finalized, according to a press release by the Warriors. The Warriors receive Jack from New Orleans, the Sixers receive Wright from Golden State and center Darryl Watkins from New Orleans, and the Hornets receive the rights to Bavcic from Philadelphia.
2:35pm: Marcus Thompson of the Bay Area News Group reports that the deal is getting close, but cautions that it's "fragile" and could fall apart. Still, Jack himself seems to acknowledge he'll be moved, tweeting: "Well new Orleans it's been real like to thank all the fans u treated me great during my time as a hornet. #movingon."
WEDNESDAY, 2:17pm: The Hornets have entered the deal, making it a three-way swap. New Orleans will send Jarrett Jack to Golden State, and will receive the rights to Bavcic, reports ESPN.com's Marc Stein (Twitter links). As such, the Warriors will no longer receive a trade exception for Wright.
TUESDAY, 7:08pm: The Warriors will receive Bavcic and a $4.1MM trade exception for Wright, tweets Steinmetz.
5:50pm: The Sixers have agreed to acquire Dorell Wright from the Warriors in exchange for a prior draft pick currently playing overseas, according to Marcus Thompson of the Bay Area News Group (via Twitter). The mystery player involved in the trade is likely Edin Bavcic, whose rights were acquired by the Sixers from the Raptors in 2006, writes Matt Steinmetz of CSNBayArea.com. The move can be made official when the moratorium ends later tonight.
For Philadelphia, the team will absorb Wright and his $4MM expiring contract into the cap space they'll create by amnestying Elton Brand. Still, considering the Sixers already have Andre Iguodala established at small forward and drafted another wing in Maurice Harkless, the acquisition is a little puzzling.
The Warriors, meanwhile, clear a huge $4MM from their books, creating the flexibility to perhaps use their full $5MM mid-level exception for a free agent, rather than just the $3.09MM taxpayer MLE. Look for Golden State to use its new found financial freedom to pursue frontline help, a backup point guard and veteran scorer off the bench, writes Thompson.
Head coach Mark Jackson's staff wanted to upgrade from Wright at small forward and the Warriors front office agreed that a change was necessary, tweets Tim Kawakami of the San Jose Mercury News. Wright averaged 10.3 points and 4.6 rebounds per game last season for the Warriors in 27 minutes per game.
Dei Lynam of CSNPhilly.com first reported that the Sixers would acquire Wright from the Warriors.