Blazers Trade Joel Przybilla, Dante Cunningham, Sean Marks, 2 First Round Picks For Bobcats F Gerald Wallace

CHARLOTTE NC - FEBRUARY 14: Ron Artest #15 of the Los Angeles Lakers reaches for the ball against Gerald Wallace #3 of the Charlotte Bobcats during their game at Time Warner Cable Arena on February 14 2011 in Charlotte North Carolina. NOTE TO USER: User expressly acknowledges and agrees that by downloading and/or using this Photograph User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images)

According to multiple reports, and after days of rumors, the Portland Trail Blazers have traded center Joel Przybilla, forward Dante Cunningham and two first round picks to the Charlotte Bobcats for forward Gerald Wallace. The Blazers will hold a press conference at 4 PM PST this afternoon.

Update (2:00PM): Nicolas Batum tweets that reserve center and cult hero Sean Marks is also leaving. Ken Berger of CBSSports.com confirms that Marks was traded to the Bobcats.

I've posted some quick trade analysis over at CBSSports.com.

Wallace, a versatile and defensive-minded 28 year old that can play both the three and the four, is averaging 15.6 points, 8.2 rebounds, 2.4 assists, 1.2 steals and 1.0 blocks in 39 minutes per game. Wallace has been a member of the Bobcats since the 2004-2005 season. He attended the University of Alabama.

Wallace is on the books for $10.5 million for this year and for next year, and has a player option for the same amount in 2012-2013, according to StoryTellersContracts.com. The Blazers take on roughly $747,648 in this deal, going that much further into luxury tax territory.

Przybilla's contract expires this season and he has mentioned the possibility of a buyout and/or retirement. Cunningham is on the second and final year of his second round draft pick rookie deal. Both will be free agents this summer.

The three-for-one trade brings Portland's roster to 13 players, leaving two spots open. Earlier in the day, there was talk about signing point guard T. J. Ford if he is bought out by the Indiana Pacers.

Here's how the Wallace trade unfolded this afternoon.

Adrian Wojnarowski of Yahoo! Sports reports that the Portland Trail Blazers have acquired Charlotte Bobcats forward Gerald Wallace.

Charlotte's Gerald Wallace has been traded to Portland, a league source tells Y!    

Portland will send Joel Przybilla and a 2nd round draft pick to Charlotte for Gerald Wallace, source says.    

Ken Berger of CBSSports.com reports...

It's Joel Przybilla and two first-round picks to Charlotte for Wallace, source says.    Player is Cunningham to Bobcats.

Adrian Wojnarowski of Yahoo! Sports now reports...

Ken Berger has picks right going to Charlotte for Wallace. I can't read a text message: Two future first-rounders for Wallace.    

Przybilla for Wallace straight up doesn't match salary-wise so there will need to be another player(s) involved.

David Aldridge of NBA.com notes this fact as well...

Bobcats will get another player in addition to Przybilla and picks for Wallace...  Player is [Dante] Cunningham to Bobcats.

Ken Berger of CBSSports.com confirms this as the package...

Source confirms Bobcats also get Dante Cunningham in Wallace deal, plus Przybilla and two firsts.    

Jason Quick of The Oregonian also reports...

The Trail Blazers have traded for Charlotte small forward Gerald Wallace, giving up center Joel Przybilla, forward Dante Cunnigham and two future first-round picks. The move, finalized right before Thursday’s noon deadline, was first reported by Yahoo! Sports and CBS Sports.

Dante Cunningham tweets...

PEACE PDX THANK U ALL!!!!!!    

LaMarcus Aldridge tweets...

Lost some good teammates!    

T. J. Ford tweets to Blazers center Marcus Camby...

glad u survived deadline. Lol u know I wouldn't mine being with my TX boyz... Lmao    

Footnotes: Berger also reports that Blazers center Marcus Camby will stay in Portland and that a rumored deal sending Houston Rockets point guard Aaron Brooks to the Blazers is not true. Brooks has been traded to the Suns for Goran Dragic.

-- Ben Golliver | benjamin.golliver@gmail.com | Twitter

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