The Washington Wizards, Houston Rockets and New Orleans Pelicans have reportedly agreed to a three-way trade, per NBA.com's David Aldridge and USA Today's Sam Amick. Here's how it's going to shake out:

Wizards get: $8.5 million trade exception, Melvin Ely's unguaranteed contract

Rockets get: Trevor Ariza, Alonzo Gee, New Orleans' 2015 protected first-round pick

Pelicans get: Omer Asik, Omri Casspi, $1.5 million cash from Houston