2:04pm: The trade is complete, the Magic confirmed in a press release (Twitter link). In 2028, Orlando will receive either the Lakers’ or the Wizards’ second-round pick, whichever is better.
It’s unclear how much cash changed hands in the deal, but it will be no more than $2.15MM, since the Magic were prohibited from receiving more than that in a trade for the remainder of the 2021/22 league year.
12:54pm: The Lakers will trade into the second round of tonight’s draft by acquiring the 35th pick from the Magic in exchange for cash and a future second-rounder, tweets ESPN’s Adrian Wojnarowski.
Orlando will receive a second-round pick in 2028, sources tell Khobi Price of The Orlando Sentinel (Twitter link).
The Lakers had been trying to land a draft pick and are now in position to grab any projected late first-rounders who slide a few spots. Wendell Moore, Christian Braun and Caleb Houstan may be names to watch, according to Kevin O’Connor of The Ringer (Twitter link).
The trade leaves the Magic with picks No. 1 and 32.