7:38pm: The trade is now official, the Pelicans and Suns have announced. New Orleans acquired Norris Cole, Shawne Williams, Justin Hamilton and cash considerations from Miami, the Suns get John Salmons from the Pelicans and Danny Granger from the Heat, and Miami garners Goran Dragic and Zoran Dragic from the Suns. Phoenix also received Miami’s 2017 first-round pick (top seven protected) and Miami’s unprotected 2021 first-round pick as part of the deal. Phoenix is waiving Salmons, per the Suns’ official press release.
3:36pm: The expectation is that the Heat will offer Dragic a five-year max deal this summer, according to Ramona Shelburne of ESPNLosAngeles.com (Twitter link).
2:48pm: There are other components to the trade agreement, which also involves the Pelicans, as we explain here.
Granger, 32 in April, has averaged 6.3 PPG and 2.7 RPG for the Heat this season since coming back from a hamstring injury. Of course, the draft picks are the center of the deal for Phoenix and not the veteran forward. Granger is earning $2.1MM this season and he also has a player option for the same amount in 2015/16.
1:49pm: The Heat and Suns have agreed to a deal that sends Goran Dragic to Miami, reports Marc Stein of ESPN.com (Twitter link). The Heat have long coveted Dragic and view him as just the sort of player they need to make a playoff push, Chris Mannix of SI tweets.
The Heat currently stand at 22-30 with a leg up over the likes of the Nets, Celtics, PIstons, and Pacers for the eighth and final spot in the Eastern Conference playoffs.