The Houston Rockets are set to send Bonzi Wells and Mike James to New Orleans for Bobby Jackson, the Houston Chronicle is reporting.
The deal has grown into a three team trade, the report indicates, with Memphis being involved but not appearing to be a major player. The trade has been submitted to the league, pending approval.
The Rockets will also receive rookie guard Adam Haluska and either their own or New Orleans' second-round pick, whichever is greater.
Memphis will receive forward Marcus Vinicius.