ESPN is reporting that the New Orleans Hornets and Toronto Raptors have agreed to a 5-player trade that would send Peja Stojakovic, Jerryd Bayless, and cash to Toronto in exchange for Jarrett Jack, Marcus Banks, and David Anderson Jordan Shoes for Sale.
The dollar amount that New Orleans would be sending to Toronto is currently being negotiated.
Bayless was recently traded to New Orleans from Portland and is restricted under league rules from being involved in a multi-player trade prior to December 23, 2010 which is the two month anniversary of his trade to New Orleans. To make everything work this deal will be constructed as two separate trades.
Poor Jerryd Bayless. Bayless was just moved to New Orleans and now he has to pack up and head to Canada. Not only is Bayless moving again, he's going to a team where he may not see any minutes. Bayless will likely be the fifth guard in the Raptors rotation behind Jose Calderon, Leandro Barbosa, DeMar DeRozan, and Sonny Weems.
Stojakovic is a shell of his former self and may not be of much use to the Raptors. What is attractive to Toronto is his $14 million dollar expiring contract in July. Toronto has long been a city that NBA players love to visit, but don't want to live in. Having about $20 million dollars to spend may draw a quality free agent and change the direction that the Toronto Raptors are going in.
The Hornets currently have the best record in the entire NBA at 10-1. Jarrett Jack is more useful than Stojakovic at this point and will provide toughness to the Hornets backcourt. David Anderson will give New Orleans more size that could be useful in the playoffs, while Marcus Banks is merely a $5 million dollar expiring contract.
This trade doesn't really hurt either team financially or on the court. The Raptors can only hope that Peja finds the fountain of youth and puts up some numbers as he's playing for a contract in 2012.