Ryan Anderson has reached agreement on a four-year, $36 million contract with the New Orleans Hornets as part of 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 planned to sign an offer sheet with the Hornets, but the Magic didn’t want to match and instead negotiated the sign-and-trade.

Anderson, 24, emerged as one of the best long-range shooting big men in the NBA, averaging 16 points and seven rebounds for the Magic last season when he was named the league’s Most Improved Player. He shot 43.9 percent from the field, and 39.3 percent on 3-pointers. The Magic drafted St. Bonaventure forward Andrew Nicholson with the 19th overall pick.

Ayon, 27, averaged 5.9 points and 4.9 rebounds in 54 games for the Hornets last season.

via Adrian Wojnarowski of Yahoo! Sports