8:15pm: The trade is official, the Rockets have announced in a press release. Houston received Alexey Shved from the Sixers and Corey Brewer from the Wolves. Minnesota received Troy Daniels, along with the Kings’ 2015 second round pick (protected for picks 50-60), Houston’s 2016 second round pick (protected for picks 31-45) and cash considerations from the Rockets. Philadelphia received Houston’s 2015 second round pick and the rights to Serhiy Lishchuk from the Rockets, and Ronny Turiaf from Minnesota. The Rockets have also officially waived Francisco Garcia to reduce their roster count to 15.
5:52pm: The Sixers will also receive the rights to Serhiy Lishchuk from the Rockets, Jonathan Feigen of The Houston Chronicle reports (Twitter link). Lishouk was the No. 49 overall pick in the 2004 NBA draft.
5:24pm: Alexey Shved is likely to head to the Rockets as part of the deal, and Turiaf will go to the Sixers, Wojnarowski reports (Twitter links). Houston intends to release Garcia rather than include him in the trade, Wojnarowski also notes.
2:58pm: The Wolves receive Sacramento’s 2015 second-round pick, which the Kings previously sent to the Rockets, as long as it’s within the top 49 selections, reports Jerry Zgoda of the Star Tribune (Twitter link). The 2016 second-rounder going Minnesota’s way is Houston’s own, Zgoda adds.
2:22pm: The Rockets are also sending cash to Minnesota in the deal, Feigen tweets.
1:36pm: The Wolves and Rockets have struck a deal that will send Corey Brewer to Houston, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Troy Daniels heads to Minnesota as part of the deal, Wojnarowski also tweets. Ronny Turiaf, who’s likely out for the season, is headed to the Rockets, though there’s a decent chance that he’ll wind up on a third team, Wojnarowski adds (on Twitter). Minnesota-Houston deal itself is liable to involve another team, too, a source tells Jonathan Feigen of the Houston Chronicle (Twitter link). As the deal stands, two future second-round picks are also heading from the Rockets to Minnesota, one of which is the 2015 second-rounder that Houston had acquired from the Kings, though the draft considerations are still being hammered out, according to Wojnarowski (Twitter links).
Houston GM Daryl Morey and his staff had been pushing to use a trade exception worth nearly $8.375MM by no later than today so that the Rockets could flip whomever they acquired in another trade that aggregates that player’s salary prior to the trade deadline. It’s not immediately clear what the other elements of the Brewer deal are, but the Rockets are indeed taking Brewer’s salary of nearly $4.703MM into the exception, as Wojnarowski writes in a full story and Darren Wolfson of 1500 ESPN Twin Cities tweets.
The teams first discussed a Brewer deal last month before Minnesota appeared to take him off the table amid injury woes. At the time it seemed as though Brewer’s suitors were pushing for him to waive his $4.905MM player option for next season, but it’s unclear if Houston was hung up on that notion or whether Brewer has indeed done so. The Cavs were also keen on acquiring Brewer both in November and this week, when Wolves coach/executive Flip Saunders reignited the talks. Reports indicated that the Clippers had interest at both points, too, and the Heat were apparently eyeing Brewer at least during the initial round of talks.
Houston’s coaching staff is reportedly enamored with Brewer, and, as Wojnarowski writes, it’s primarily his defense at the small forward position that’s driven the Rockets to make the deal. Still, that’s somewhat odd, since the Rockets have given up the second fewest points per 100 possessions in the league so far, per NBA.com, even without Brewer. His game seems an awkward fit for Houston, as I examined when I looked at Brewer’s trade candidacy. A November report from Feigen that first revealed Houston’s eagerness to use the trade exception, a vestige of this summer’s Jeremy Lin trade that doesn’t expire until this coming July, suggested that the Rockets were merely trying to bolster their rotation, regardless of fit. Thus, Houston could put together a more attractive trade offer in pursuit of a star at the deadline, when the Rockets would be able to aggregate the salary of whomever they used the exception on with other salaries.
The Wolves, who are in a rebuilding stage, as Saunders recently admitted, announced earlier this week that Turiaf is expected to miss the rest of the season after undergoing hip surgery. He’d appeared in only two games so far this season because of the lingering hip injury, and his contract, which pays him a guaranteed $1.5MM this year, is up at season’s end. Saunders indicated this week that Minnesota would waive Turiaf if an intriguing free agent came available, but instead the 10th-year veteran is departing the Wolves via trade.
Daniels is heading to Minnesota after re-signing with the Rockets this past summer on a two-year deal that’s fully guaranteed for the minimum salary. The 23-year-old swingman was surprising playoff hero for Houston last spring, but he’s seen just 6.4 minutes per game across 17 appearances for the Rockets this season.