Willie Reed has been released by the Sacramento Kings and has reached an agreement to play for the Indiana Pacers in the Orlando summer league, league sources told RealGM.

Reed, a 6-foot-10 big man, had signed with the Kings late last season, with a team option for the 2014-15 season.

Reed also spent time on the Memphis Grizzlies’ roster two seasons ago. He’s showcased his activity and athleticism in the NBA D-League, where he averaged 14.7 points and 9.9 rebounds this past season.

Joel Embiid is currently slotted to go third overall to the Philadelphia 76ers in the most recent mock draft by Jonathan Givony at Draft Express.

The 76ers are planning a slow rebuild, so selecting Embiid with the possibility he sits out his entire rookie season as Nerlens Noel did in 13-14 is not an issue.

Draft Express reports that the Orlando Magic also represent a viable option to select Embiid with the No. 4 pick and the worst case scenario are the Sacramento Kings at No. 8.

The Sacramento Kings have discussed a trade for Josh Smith with the Detroit Pistons.

The Kings could send Jason Thompson and Derrick Williams as part of a trade package for Smith.

Rajon Rondo has also been a target of interest for the Kings, who is a close friend of Smith.

Aaron Gordon is receiving consideration from the Orlando Magic with the No. 4 overall pick in the NBA draft and is not expected to fall past the Sacramento Kings at No. 8.

Gordon displayed a 39-inch vertical leap during the Chicago pre-draft combine.

"If and when I reach my full potential, I think I will be better than everybody [in this draft]," Gordon said. "I think I will have an edge."

Rudy Gay will exercise his $19.3 million 14-15 option with the Sacramento Kings, but has tabled extension talks until later this summer.

The Kings have made re-signing Gay a top priority.

Team management and Gay's agent, Alex Saratsis of Octagon, are expected to re-engage discussions in the near future, sources said.

Gay has been impressed with Vivek Ranadive's commitment to building the Kings into a contender.

The Sacramento Kings' management met with Rudy Gay on Tuesday to discuss his future, including the player option on the final season of his contract.

The Kings sounded encouraged by the meeting.

Gay has until June 30 to decide on his option for next season.

Gay averaged 20.1 points on 48.2 percent shooting in 55 games with the Kings last season.

The Sacramento Kings have had interest in trading the No. 8 pick in the NBA Draft, with Dennis Schröder and Brandon Knight as targets.

The Kings are looking to add a player that can contribute in a meaningful way immediately.

Marcus Smart could be a good fit if they keep the pick.

The idea of a lottery pick in this year's draft being available in trade talks is a surprising development, but several teams appear amenable to a deal.

"I thought getting a lottery pick via trade would be virtually impossible this year," one NBA GM said. "It's not. There are a lot of teams in the lottery right now that would prefer a proven player. A lot of owners have lost their patience with the rebuilding process."

The Boston Celtics, Los Angeles Lakers, Sacramento Kings, Charlotte Hornets, Minnesota Timberwolves and Phoenix Suns are all open to offers for their lottery picks, according to sources.

The Milwaukee Bucks, Atlanta Hawks, Dallas Mavericks, Portland Trail Blazers and Toronto Raptors are expected to be especially busy looking to move up or to acquire a second pick.