The Hornets have agreed in principle to send Chris Paul to the Los Angeles Clippers for guard Eric Gordon, forward Al-Farouq Aminu, center Chris Kaman and a first-round draft choice, people familiar with the deal said.
Commissioner David Stern approved the trade on behalf of the team, which is owned by the league, people told The Associated Press on Wednesday on condition of anonymity because the NBA had not ratified the deal.
The 26-year-old Paul is a four-time All-Star who averaged 18.7 points and 9.8 assists last season, his sixth in the NBA. His move to the Clippers means he'll now be able to make alley-oop lobs to a young star famous for dunking over a car. That would be forward Blake Griffin, who averaged 22.5 points and 12.1 rebounds last season, his first in the NBA.
The Hornets get a prolific, young shooting guard in Gordon, who turns 23 on Christmas Day and averaged 22.3 points last season. The 6-foot-9 Aminu is a second-year pro who averaged 5.6 points and 3.3 rebounds as a rookie.
The 7-foot Kaman, 29, is an eight-year veteran who averaged 12.4 points and seven rebounds last season, but played in only 32 games because of a left ankle injury.
ESPN first reported the trade, which also involves New Orleans sending two future second-round draft picks to the Clippers.
Paul, whom the Hornets drafted fourth overall in 2005, told New Orleans earlier this month that he was not going to sign an extension, and Hornets general manager Dell Demps has been trying to trade him since.
Hamilton joins Bulls
Veteran guard Richard Hamilton has signed with the Chicago Bulls, joining MVP Derrick Rose in what should be a deep backcourt.
Terms were not released, but a person familiar with the situation said it's a three-year, $15 million deal. The three-time All-Star cleared waivers after being bought out by Detroit.
Cavs waive Baron Davis
The Cavaliers have waived veteran point guard Baron Davis, using the NBA's new "amnesty clause" to clear space under the salary cap.
Davis, acquired in a trade last season from the Los Angeles Clippers, is now a free agent. He will be paid $28 million owed over the next two seasons. His release had been expected since training camp opened. The 32-year-old has not been able to practice because of a bulging back disk.
The injury had no impact on the Cavaliers' decision to release Davis. With Davis gone, Coach Byron Scott can now turn his offense over to rookie Kyrie Irving, the No. 1 overall draft pick.