Hornets sign Pat Connaughton

A four-team trade pitch from Bleacher Report's Dan Favale would send Domantas Sabonis to Toronto. R.J. Barrett would go to Charlotte, preserving the Hornets' LaMelo Ball trade exception.

Charlotte has traded Vasilije Micic to Milwaukee, per the official transaction record. The Hornets get Pat Connaughton plus Milwaukee's own second-round picks in 2031 and 2032. Milwaukee also created a trade exception in the deal. Picks that far out are the currency of choice here.

Denver agreed to a two-way contract with Ryan Nembhard on Wednesday, ESPN's Shams Charania reports. The Denver Post's Bennett Durando reported that KJ Simpson was waived to make room for him.