Marc Stein of ESPN.com first reported that the Portland Trail Blazers have traded guard Jerryd Bayless to the New Orleans Hornets for a future first-round pick.
The Portland Trail Blazers have found a trade to create some extra roster room, agreeing Saturday to deal guard Jerryd Bayless to the New Orleans Hornets for a conditional future first-round pick, according to sources close to the situation.Sources tell CBSSports.com Saturday evening that the trade has gone official and the pick that Portland is set to receive is top-7 protected in 2011 and top-8 protected in 2012, 2013 and 2014. After that, it would turn into two second-round picks in 2015 and 2016. The Blazers also receive a trade exception worth nearly $2.3 million. Because the Blazers are currently luxury tax payers, the move saves the team roughly $4.6 million. Bayless is entering the third year of his NBA career and, while showing flashes of sensational athleticism, has never found a defined role in Portland's backcourt. A prototypical score-first combo guard, Bayless has had trouble running an offense and defending without fouling. For New Orleans this is a move that makes them better in the short term, as it fortifies their backcourt depth, which took a hit when they traded reserve point guard Darren Collison to Indiana this summer. Bayless should be able to play both off the ball alongside all star point guard Chris Paul and behind him in a reserve point guard role. Bayless is familiar with New Orleans's new head coach, Monty Williams, who was an assistant in Portland for Bayless's first two seasons. For Portland, the move frees up a roster spot. The Blazers had 17 players under contract prior to the trade. Now, Portland is down to 16 players and, if they waive injured big man Jeff Pendergraph as expected, can retain the rights to Australian guard Patty Mills and still meet the league's 15 man roster maximum or they can waive Mills and carry 14 players.