[Update: This trade has been folded into a separate agreement and officially completed as a three-team deal.]
The Heat are flipping the No. 43 pick to the Hawks for the No. 44 pick and cash, according to Shams Charania of The Athletic and Stadium (Twitter links here).
The Hawks will thus be receiving guard Nikola Djurisic at No. 43, while the Heat will wind up with Arizona Wildcats guard Pelle Larsson, the No. 44 pick.
Significantly, Atlanta will now be hard-capped at the second tax apron as a result of sending out cash.
Djurisic, 20, has played three-plus seasons with Mega in the Adriatic League. He averaged 15.4 points and 3.5 assists last season. He’s a potental draft-and-stash candidate.
Larsson, 23, played three seasons with the Wildcats after one year at Utah. He’s a prolific 3-point shooter — 39.7% in 133 career college games. Last season at Arizona, he averaged 12.8 points, 4.1 rebounds and 3.7 assists. He shot 51.9% from the field and 42.6% from deep.