Reports: Wizards, Rockets, Pelicans turn Asik, Ariza deals into 3-way trade

Trevor Ariza is headed to Houston.
Trevor Ariza is headed to Houston. (USATSI)

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The Washington Wizards, Houston Rockets and New Orleans Pelicans have reportedly agreed to a three-way trade, per NBA.com's David Aldridge and USA Today's Sam Amick. Here's how it's going to shake out:

Wizards get: $8.5 million trade exception, Melvin Ely's unguaranteed contract

Rockets get: Trevor Ariza, Alonzo Gee, New Orleans' 2015 protected first-round pick

Pelicans get: Omer Asik, Omri Casspi, $1.5 million cash from Houston

That's a pretty nice trade exception for Washington. With the Paul Pierce signing and now this, the Wizards have recovered pretty nicely after what initially looked like a devastating loss.

CBS Sports Writer

James Herbert is somewhat fond of basketball, feature writing and understatements. A former season-ticket holder for the expansion Toronto Raptors, Herbert does not think the NBA was better back in the... Full Bio

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