Updated: July 8, 2012, 4:11 pm ET

Hornets Land Anderson in Sign-and-Trade

The New Orleans Hornets will acquire Ryan Anderson in a sign-and-trade with the Orlando Magic, according to sources close to the situation. Anderson, who was a restricted free agent, will sign a four-year, $36 million deal with the Hornets and the Magic will receive Gustavo Ayón in return.

The two teams agreed to the trade on Sunday since Anderson was on the verge of signing an offer sheet with the Hornets. Rather than matching the offer and adding another power forward to their roster, the Magic facilitated the sign-and-trade to land Ayón.

Last season, Anderson had the best year of his career, averaging 16.1 points and 7.7 rebounds in 61 games with the Magic. He was named the NBA’s Most Improved Player for the 2011-12 season and was one of the top power forwards available this summer.

The Hornets believe Anderson will be able to thrive alongside top overall pick Anthony Davis, just as he did alongside Dwight Howard in Orlando. The 24-year-old will be able to spread the floor and he’ll have plenty of open looks as Davis becomes a low-post threat.

Ayón joined the Hornets last year after negotiating a buyout with Baloncesto Fuenlabrada. The 27- year-old played well in his first NBA season, averaging 5.9 points and 4.9 rebounds in 54 games with New Orleans.

The trade cannot be finalized until July 11, when the league’s moratorium is lifted.

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