The New Orleans Pelicans agreed to trade veteran guard CJ McCollum, center Kelly Olynyk and a future second-round pick to the Washington Wizards for guard Jordan Poole, wing Saddiq Bey and the 40th overall pick in Thursday’s second round of the NBA draft, multiple sources reported.

McCollum, a 12-year veteran who has averaged 19.6 points per game throughout his career, joins his third team since 2022 after spending the bulk of his career with Portland.

Poole, a six-year veteran who has averaged 16.8 points per game, also joins his third franchise after spending his first four seasons with Golden State and the past two with the Wizards.

The Wizards — who are clearly maximizing the youth movement now — will gain a ton of financial freedom in the deal, which they can use going forward to continue their rebuild. They easily could have around $100 million in cap space for the summer of 2026, largely by clearing $57 million in expiring contracts for McCollum and Olynyk this coming season.

It’s likely that Washington will look for guards with their two first-round picks — Nos. 6 and 18 — and continue adding to their youth movement.

Porzingis to Hawks in 3-team trade

Kristaps Porzingis is being traded by the Boston Celtics to the Atlanta Hawks, and part of what will be a three-team deal gives the Brooklyn Nets another pick in today’s first round of the NBA draft, multiple sources reported.

Porzingis is going to the Hawks, while Georges Niang and a second-round pick will be acquired by Boston, and Brooklyn will wind up with Terance Mann and the No. 22 pick that is held by Atlanta.

Irving, Mavs agree to 3-year contract

The Dallas Mavericks and Kyrie Irving agreed on a $119 million, three-year contract with the All-Star guard still recovering from a torn ACL that will sideline him into the 2025-26 season, multiple sources reported.

Irving is declining the $43 million player option in the final year of his current three-year contract.

Owners approve sale of Timberwolves

It’s official.

Former Walmart executive and e-commerce entrepreneur Marc Lore and retired MLB star Alex Rodriguez are taking controlling ownership of the Minnesota Timberwolves and Lynx.

The NBA announced that the league’s Board of Governors voted unanimously to approve the sale of the NBA and WNBA franchises from Glen Taylor to Lore and Rodriguez. Approval by 23 of the NBA’s 30 owners was required for the deal to pass.

Approval of the sale follows news in April that the two sides had settled a dispute over the transaction, which was initially agreed upon in 2021. Lore will act as Timberwolves governor, and Rodriguez will be the team’s alternate governor. Rodriguez will serve as governor of the Lynx.

Lore and Rodriguez previously owned a 40% stake in the franchise, per the deal that was struck in April 2021.