New Orleans - Toronto Agree To Multi Player Trade-Details Below

UPDATE>>>>SEE BELOW

The New Orleans Hornets and Toronto Raptors have agreed in principle on a five-player trade that would send Peja Stojakovic and Jerryd Bayless to the Raptors for Jarrett Jack, David Andersen and Marcus Banks, a source told ESPN.com Saturday.

A Win-Win For New Orleans

With this trade, the Hornets improved their chances for the season while also saving money, John Hollinger writes. Story

The deal was close to being completed Friday night, but had been held up over the amount of cash the Hornets would send to the Raptors in the trade, according to a source with direct knowledge of the talks, who spoke on condition of anonymity.

In order for the deal to pass muster under league rules, it actually would be executed as two separate trades to get around a restriction preventing Bayless from being included in a multi-player deal prior to Dec. 23 -- two months from the date the Hornets acquired Bayless from Portland.

A trade call likely will take place Saturday afternoon.

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