The Sacramento Kings, New Orleans Pelicans and Portland Trail Blazers have verbally agreed on a trade that will send Tyreke Evans to the Pelicans in exchange for Greivis Vasquez. The trade can’t officially be completed until July 10th.
The New Orleans Pelicans have reached agreement on a three-way deal with Sacramento and Portland to acquire guard Tyreke Evans, league sources told Yahoo! Sports.
As part of a sign-and-trade arrangement, Evans will come to the Pelicans on a four-year, $44 million contract. New Orleans will send guard Greivis Vasquez to the Kings and center Robin Lopez to the Trail Blazers, sources said.
Portland will send future draft considerations and cash in the deal, league sources told Yahoo! Sports.
The trade came after free-agent point guard Jose Calderon rejected a contract offer from the Kings, league sources said. The Kings had hoped to sign Calderon and trade Vasquez to another team.
Lopez has a 15% trade kicker which would have eaten into the Kings salary cap even more, so by moving Lopez to Portland they are able to keep around $13 million in cap space as opposed to $6 million had they kept Lopez.
Evans on the other hand will sign the four year, $44 million dollar contract with the Pelicans on July 10th when he is first eligible.