According to ESPN's Ric Bucher, the Wizards have all but traded the No. 5 pick in the upcoming draft. The deal has the Wizards sending the pick, Darius Songaila, Etan Thomas, and Oleksiy Pecherov to the Minnesota Timberwolves for Mike Miller and Randy Foye.
I'm surprised that Ernie Grunfeld is close to making a move already, but I'll elaborate more as details become available.
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