1:11pm: The trade is official, per NBA.com’s transaction log.
According to Shams Charania of The Athletic (Twitter links), the Pistons have already waived House, who is expected to receive interest from playoff teams.
9:59am: The Sixers have agreed to trade swingman Danuel House and a 2024 second-round pick to the Pistons, reports Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, the second-rounder will be New York’s pick.
The Pistons are also receiving some cash from the 76ers and will send out a top-55 protected 2028 second-round pick, per James L. Edwards III of The Athletic (Twitter link).
The move is a relatively straightforward salary dump, since shedding House’s expiring $4.3MM contract will allow Philadelphia to move from about $1.6MM above the luxury tax line to $2.7MM below it. The Pistons will get a second-round pick for their willingness to take on House’s salary and accommodate the move.
As Wojnarowski notes (via Twitter), moving off of House will allow the Sixers to be active in the buyout market without surpassing the tax line. Kyle Lowry is one notable potential target in that scenario, assuming he’s bought out by Charlotte.
Philadelphia will have a pair of open 15-man roster spots after completing its deal with the Pistons, as well as its acquisition of Buddy Hield. The 76ers will also create a trade exception worth $4.3MM.
The Pistons, meanwhile, intend to take House into the trade exception they created in last month’s deal with Washington, sources tell Edwards (Twitter link).
Detroit has agreed to a series of deals that will increase its roster count, so the Pistons will have to make at least a couple cuts to accommodate those moves and likely won’t retain some of the players they’re acquiring today. It’s unclear whether they intend to hang onto House after acquiring him.
In 34 appearance (four starts) for Philadelphia this season, House averaged 4.2 points and 1.7 rebounds in 15.0 minutes per game, with a .448/.300/.761 shooting line.