Report: Peja Stojakovic Dealt to Raptors in Exchange for Guard Jarrett Jack in Five-Player Trade

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A person familiar with the trade says the New Orleans Hornets and Toronto Raptors have agreed in principle to a five-player deal that will send Peja Stojakovic to Toronto in exchange for guard Jarrett Jack.

The person, who spoke to The Associated Press on condition of anonymity because the trade was not yet official Saturday afternoon, says New Orleans also will receive center David Andersen and guard Marcus Banks, while guard Jerryd Bayless, acquired by New Orleans from Portland less than a month ago, will go to Toronto.

Stojakovic entered the season saying he understood he could be traded because of his expiring $15.3 million contract.

Jack's contract runs through the 2012-13 season and pays him more than $5 million each of the next two seasons.

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