We have the first trade of potentially many today as the NBA draft is t-minus 10 and a half hours away.
The New Orleans Pelicans have traded the No. 53 pick in tonight’s draft to the Philadelphia 76ers for cash considerations, first reported by Shams Charania of The Athletic.
Per Charania, the 76ers sent $2 million in cash to the Pelicans for the pick.
Sources: The 76ers sent $2 million in cash to the Pelicans for the No. 53 pick. Begins to set the rate for purchasing a pick in tonight's NBA Draft. https://t.co/ZDBvGR1y4Q
— Shams Charania (@ShamsCharania) July 29, 2021