The Rockets bought the draft rights to Jermaine Taylor from Washington for a reported sum of $2.5 million, according to a report by Yahoo.

Taylor was the 32nd overall pick out of UCF.

After completing a deal to send the fifth pick to Minnesota on Wednesday, Washington appears open to dealing the 32nd selection.

According to a source, the Wizards would like to package the 32nd pick with the expiring contract of guard Mike James in order to acquire a veteran big man.

Even if they are unable to swing that type of deal, Washington might still consider trading the high second round pick for future considerations.

Currently, the Wizards have a rather guard-heavy roster.

"We feel like, yes, we are a little heavy at the guard position, but a lot of rosters are," Grunfeld said. "We'll see what opportunities present themselves to us and make a decision based on those options."

Washington Wizards President Ernie Grunfeld announced today that the team has acquired guard/forward Mike Miller and guard Randy Foye from the Minnesota Timberwolves in exchange for Etan Thomas, Darius Songaila, Oleksiy Pecherov and the fifth overall selection in the 2009 NBA Draft.

?We are very excited to welcome two solid, proven veterans in Mike Miller and Randy Foye to Washington,? said Grunfeld.  ?Mike is one of the NBA's elite three-point shooters who can really stretch the defense and provide an all-around game, and Randy has shown the ability to create scoring opportunities for himself and his teammates while providing excellent perimeter defense.  Their skills complement our core very well and they will provide a boost as we re-establish ourselves as a contender in the Eastern Conference."

The Washington Wizards have acquired Minnesota Timberwolves Randy Foye and Mike Miller in exchange for Etan Thomas, Oleksiy Pecherov and Darius Songaila and the fifth overall pick in Thursday?s NBA draft, a league executive with knowledge of the deal told Yahoo! Sports.

According to Ken Berger of CBSSports.com, Kevin Pritchard again has the Blazers in the middle of several discussions ahead of Thursday's draft. The Blazers are "extremely active" in seeking a trade that will land them a pick between 8 and 14.  They currently own the 24th selection.

The Wolves have three picks and new GM David Kahn is positioning the team to move up from the 6th spot to grab Ricky Rubio.  Minnesota could be one of teams in contention to acquire the Wizards' 5th pick.  Washington seems to be the team with a top-8 pick that is most likely to trade out of the lottery.

Wizards president Ernie Grunfeld would prefer to hold onto the team's top-three, but added that no one is untouchable.

Washington is open to dealing the fifth overall pick, which has opened the door for a number of trade rumors heading into Thursday night's NBA Draft.

According to sources, Phoenix, Golden State and Portland have all inquired about Butler.

The All-Star forward understands that the NBA is a business and that "anything can happen."

"To be honest with you, I'm not worried but I know the nature of the business," Butler said. "Me being traded from Miami, being traded from [the Lakers], I know the only thing I can control is making sure I'm in good health, making sure I work hard this summer to keep my body right and be the best player I can possibly be for who I'm playing for next season."

The Wizards and Suns have discussed a trade that would send Amare Stoudemire and the 14th overall pick to Washington for Nick Young or Javaris Crittenton, salary fodder and the 5th overall pick.  Two people familiar with the talks confirmed the report.

Phoenix also requested Caron Butler, which forced the Wizards to walk away.

Peter Vecsey writes that the Knicks "are angling to acquire No. 5 from Washington for Larry Hughes (but must take the expiring contracts of Mike James and Etan Thomas) and parlay the pick with No. 8 for No. 2."

Not everyone is convinced that Rubio's value justifies such a high price.

"Ricky has a big upside," a Western Conference coach concedes. "Nevertheless, he's very light, like Steve Nash only without the offense. He has no mid-range game, never gets to the free throw line and is a defensive liability due to his lack of strength and size.

"Ricky makes sense for a team loaded with great outside shooters, because he can make plays," the coach continued. "He would've been a perfect fit for the Suns under Mike D'Antoni, and he could play for him with the Knicks because they don't worry about playing defense.

"The reality is, teams are going to go at him defensively and play him soft . . . dare him to shoot from outside."

Jrue Holiday's agent didn't want the guard working out for the Wizards, according to a league source.

Washington has the fifth overall pick, and Holiday has been slated to go as high as fourth to Sacramento.

Holiday's agent is Dan Fegan, who also represents Ricky Rubio.

The Wizards are reportedly interested in Larry Hughes and Jared Jeffries of the Knicks.

Both Hughes and Jeffries have played in Washington in the past. The Wizards tried to get Hughes from Chicago last season, but New York ended up getting him instead.

The Knicks are aware that Washington isn't overly excited about who might be available with the fifth overall pick in this week's draft.

Wilson Chandler's name was mentioned in rumors, but that wasn't something New York offered up, according to Newsday.

If able to snatch up the fifth pick, the Knicks might be able to ensure they'd get Stephen Curry.