8:20pm: There won't be a resolution to the deal on Thursday night but the odds of the trade going through have improved, tweets Coro. The Hornets' cap situation is not holding up the deal from progressing further. THURSDAY, 1:40pm: Alex Laugan of Bright Side of the Sun provides a fantastic breakdown of why this deal is currently on hold, as the Hornets' side of the transaction needs to be modified to be legal under the CBA. In all likelihood, New Orleans will need to include at least one more player or remove Hakim Warrick from the deal to make it work. WEDNESDAY, 11:07pm: Coro confirms the pick going from the Wolves to the Suns is originally from the Grizzlies, meaning it's lottery protected through 2016, after which it becomes a 2017 second-round pick and cash. 10:15pm: According to a tweet by Jerry Zgoda of the Star Tribune, the Wolves are getting a third second-round draft choice in the deal, though it's unclear from whom. Two of them are the same picks Minnesota traded to the Hornets earlier this month, Zgoda says. 7:47pm: The Suns will waive Miller once the deal is finalized, reports Paul Coro of the Arizona Republic. Coro also notes that if the draft pick that goes to the Suns from the Timberwolves is the one that the Grizzlies owe Minnesota, it's lottery-protected for four years (Twitter links). 3:26pm: The three-way trade that would send Lopez and Warrick to New Orleans and Johnson to Phoenix has been agreed upon, reports Brent Martel of the Associated Press (link via the Star Tribune). According to Martel, all that's left is to work through "some routine logistical matters. " To recap, while the deal isn't official yet, this is how it looks, as reported so far: --

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