The Hornets and Bulls have agreed to a trade that will send guards Coby White and Mike Conley to Charlotte, reports Shams Charania of ESPN (Twitter link).

In exchange, Chicago will acquire guard Collin Sexton, forward Ousmane Dieng, and three second-round picks, sources tell ESPN. Dieng is technically still a member of the Thunder, but is reportedly being traded to Charlotte in a deal involving center Mason Plumlee. Oklahoma City is sending the Hornets a second-round pick along with Dieng in that side deal, tweets Charania.

White, who will turn 26 later this month, is a talented scorer who has averaged 19.5 points per game since becoming a full-time starter at the beginning of the 2023/24 season. He has also averaged 4.8 assists and 4.1 rebounds per night over the course of 182 outings during that stretch, with a .448/.369/.859 shooting line.

Although White entered this winter as one of the Bulls’ prime trade candidates, his value has been negatively impacted by calf issues that have limited to 29 games this season, as well as his contract situation.

The veteran guard is on an expiring $12.9MM expiring deal, meaning his maximum extension with Chicago would have been worth $87MM over four years — he reportedly conveyed to the team prior to the season that he wouldn’t be signing an extension and would take his chances on earning a more lucrative payday in unrestricted free agency.

With teams viewing White as a possible rental, the Bulls were unable to extract a first-round pick for him on the trade market, but they did secure three second-rounders, which will be either the Nuggets’ and Hornets’ 2029 pick (whichever is least favorable), the Nuggets’ 2031 pick, and the Knicks’ 2031 pick, according to Zach Lowe of The Ringer (Twitter link).

The Hornets will presumably look to re-sign White, a North Carolina native who played his college ball at UNC, but Conley likely won’t spend long on Charlotte’s roster. He’s viewed as a buyout candidate, and since he’ll be traded twice this week, he would be eligible to return to the Timberwolves without running afoul of the NBA’s rule preventing a waived player to return to the team that traded him away. Jake Fischer of The Stein Line highlighted this potential outcome for Conley earlier today.

The Bulls, meanwhile, could have more moves up their sleeves in the next 24 hours, since they’ll still have a logjam in their backcourt. Sexton will join a group that features Josh Giddey, Ayo Dosunmu, Jaden Ivey, Anfernee Simons, and Tre Jones.

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