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Via Adrian Wojnarowski of Yahoo! Sports:
Ryan Anderson has reached agreement with the New Orleans Hornets on a four-year, $36 million contract in a sign-and-trade deal that will send backup center Gustavo Ayon to the Orlando Magic, league sources told Yahoo! Sports.
As a restricted free agent, Anderson intended to sign an offer sheet from the Hornets that the Magic didn’t want to match. Orlando then decided to negotiate the sign-and-trade.

