10:45pm: The Chriss deal is now official, per a tweet from the Warriors.
2:35pm: The Warriors will trade center Marquese Chriss to the Spurs, tweets Anthony Slater of The Athletic. Golden State will receive the rights to Cady Lalanne in return, according to Chris Haynes of Yahoo Sports (Twitter link).
San Antonio will also get cash in the deal, adds ESPN’s Adrian Wojnarowski (via Twitter). The move will enable the Warriors to save some money on the luxury tax, rather than spending it for an injured player (Twitter link).
Chriss underwent surgery after breaking his right fibula in late December and is expected to miss the rest of the season. He is making $1.8MM this season on an expiring contract.
Lalanne, a 28-year-old center, was a second-round pick by the Spurs in 2015, but has never made it to the NBA. He is currently playing in South Korea.