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The Wizards have traded Rashard Lewis and the No. 46 pick in the 2012 draft to the Hornets, in exchange for Emeka Okafor and Trevor Ariza.
Lewis is owed $23.7 million in the final year of his monumental contract, but the Hornets can (and probably will) buy him out for $13.7 million. Meanwhile, Okafor is owed $28 million over the next two years (with a $14.6 million Early Termination Option next summer), while Ariza is owed $14 million over two years (with a $7.7 million player option next summer). The No. 46 pick is little more than a sweetener, but the Hornets now have copious salary cap space and Anthony Davis inbound.
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