The Wizards and Hornets have agreed to a trade of Emeka Okafor and Trevor Ariza for Rashard Lewis and the 46th overall pick.

The Hornets can buyout Lewis' $23.8 million contract for $13.7 million before July 1st.

Okafor and Ariza are owed a combined $43 million through the 13-14 season.

"We are pleased to add two more solid pieces as we continue to build our roster with a balance of proven veterans and the core of young talent that we have developed," said Ernie Grunfeld in formally announcing the trade.  "Emeka's defensive presence and rebounding ability will combine with Trevor’s versatility to add new dimensions to our frontcourt, and both players fit in very well with the type of team-first culture that we have been working to establish."