Moments later, news broke that the trade was actually a three team deal, involving the Miami Heat as well.
That 76ers draft pick is lottery protected both this year and next. If the 76ers don't make it out of the lottery by then, the pick turns in to two second round picks.
According to ESPN's Brian Windhorst, this deal will save the Heat $7.7 million in salary and luxury tax for this year, and frees up $3.8 million in salary for next season, while only sacrificing a pick that likely would have turned in to two second rounders. Seems beneficial from Miami's side of things.
They also add Toney Douglas, who should provide depth at point guard while Mario Chalmers rehabs from his Achilles injury. Douglas has shown flashes of potential in the past, averaging 10.6 points per game with 37% shooting from three-point range in 2010-11 with the Knicks. In recent years, however, he's struggled to find a sustainable role, and his minutes have varied from year to year. Douglas is a decent defender, and should fit in with what the Heat try to do on that end until Chalmers returns.