The Portland Trail Blazers have acquired a conditional, future first round draft pick from the New Orleans Hornets in exchange for guard Jerryd Bayless, it was announced on Saturday by General Manager Rich Cho.

?On behalf of the Trail Blazers organization, I want to thank Jerryd Bayless for his service to the team and wish him all the best for the future,? said Rich Cho.

Acquired by the Trail Blazers in a draft day trade, Bayless was originally selected by Indiana with the 11th overall pick in the 2008 NBA Draft. The Arizona product and third-year pro has career averages of 6.8 points, 1.4 rebounds and 2.0 assists in 127 games (11 starts).

The Hornets have acquired guard Curtis Jerrells from the Spurs in exchange for a second-round draft pick.

Jerrells went undrafted in 2009 and spent much of last season with the Austin Toros of the NBA Development League.