11:23pm: The trade is now official, deputy commissioner Mark Tatum announced on the NBA’s draft broadcast.
10:53pm: The Trail Blazers have agreed to acquire the No. 43 pick in the draft from the Pelicans, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Portland is using its newly-acquired selection to nab Texas power forward Greg Brown. Portland had no picks heading into the night.
Andrew Lopez of ESPN reports (Twitter link) that the Trail Blazers will be sending out a future second-rounder to the Pelicans in exchange for Brown.
The 6’9″ Brown was named to the Big 12 All-Freshman team during his lone year with the Longhorns. Across 26 games, including 24 starts, Brown averaged 9.3 PPG, 6.2 RPG, 1.0 BPG, and 0.6 SPG in just 20.6 MPG.
The Pelicans continue to add to their war chest of future draft equity with the move. They still will have had multiple selections in this draft when the dust settles, having drafted Virginia guard Trey Murphy with the No. 17 pick and Alabama forward Herb Jones with the No. 35 pick.
Luke Adams contributed to this report.