As expected, the Wizards have rolled a pair of trade agreements with the Pelicans and Rockets into the same deal, officially completing the two deals as a single three-team transaction, per a press release from New Orleans.
The terms of the trade are as follows:
Wizards acquire CJ McCollum, Kelly Olynyk, Cam Whitmore, and the Bulls’ 2027 second-round pick (from Pelicans).- Pelicans acquire Jordan Poole, Saddiq Bey, and the draft rights to Micah Peavy (No. 40 pick).
- Rockets acquire the draft rights to Mojave King, the Bulls’ 2026 second-round pick (from Wizards) and the Kings’ 2029 second-round pick (from Wizards).
The original trade agreement between Washington and New Orleans was reached on June 24, a day before the first round of the draft, with the Whitmore deal between Houston and Washington just agreed upon yesterday.
It was beneficial for the Wizards to combine the two deals into a single trade because they were sending out any matching salary to the Rockets for Whitmore. While they could have used one of several cap exceptions they had on hand to take on Whitmore’s $3.54MM salary for 2025/26, including him in this deal allows them to use their 125% allowance for Poole’s and Bey’s outgoing salary to acquire him, McCollum, and Olynyk.
The only new part of this deal is the Rockets acquiring the draft rights to King from New Orleans, which was necessary to ensure that Houston and New Orleans were “touching” as part of the three-team deal.
You can read our original story on the Wizards/Pelicans deal headlined by McCollum and Poole here, while our report on the Wizards’ deal for Whitmore is here.