Rockets, Pelicans, Wizards Swap Ariza, Asik, Ely

2:19pm: The deal is official, the Pelicans have announced. New Orleans is folding Scotty Hopson into the trade after acquiring him over the weekend, marking the third trade for Hopson’s non-guaranteed contract in less than a week. So, It’s Asik, Casspi and $1.5MM to the Pelicans, Ariza, Gee, Hopson and a protected 2015 first-round pick to the Rockets, and Ely to the Wizards.

TUESDAY, 10:23am: The NBA has given its approval for the trade, and a formal announcement is forthcoming, according to John Reid of The Times Picayune (Twitter link).

SUNDAY, 7:55pm: Ely will not be retained by the Wizards, tweets J. Michael of

5:59pm: Ariza will go to Houston on a three-way deal, according to David Aldridge of (on Twitter).  The Pelicans will get Omer Asik, Omri Casspi, and $1.5MM from the Rockets.  Houston will get Ariza from Washington, Alonzo Gee, and a protected 2015 first-round choice from New Orleans.  The Wizards will take on the non-guaranteed contract of Melvin Ely from New Orleans while receiving a $8.5MM trade exception (link).

Of course, Asik was already headed to the Pelicans in exchange for the 2015 first-rounder.  Now, the deal has been expanded to help facilitate the Ariza sign-and-trade.  Gee, meanwhile, has now been traded twice inside of a week.

5:08pm: The Rockets will acquire Trevor Ariza in a sign-and-trade deal with the Wizards, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).  The Wizards will get a $8.5MM trade exception by making the deal, but it’s not clear what they’ll be sending to Houston in the trade.

The Rockets and Ariza agreed on a four-year, $32MM deal yesterday.  A number of teams were rumored to be interested in the sharpshooter’s services, but the Rockets came out on top.  Ariza will try and help fill the void at small forward for Houston now that Chandler Parsons is Dallas-bound.

Ariza’s contract is structured on a declining scale, according to Sam Amick of USA Today.  He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years.  Ariza could have served as a stretch four alongside Dwight Howard if Parsons was retained, but he’ll now line up at his natural position.

In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night.  He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29,  played in Houston during the 2009/10 season.

While Ariza is a nice addition, it goes without saying that this wasn’t the summer the Rockets had in mind.

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