The Minnesota Timberwolves announced today that they have finally completed the three way deal that was rumored earlier this week by Yahoo Sports contributor Adrian Wojnarowski.

The trade involves the Wolves sending Wes Johnson and a future first round draft pick to Phoenix, and receiving two second-round draft picks from New Orleans: a 2013 pick owned by the Brooklyn Nets and a 2016 pick originally belonging to the Wolves. Both picks were acquired by the Hornets in a July 13, 2012 trade. The Wolves also received a second-round draft pick from Phoenix, a 2014 pick of the Los Angeles Lakers that the Suns acquired on July 11, 2012. That first round draft pick could be either the Memphis-owned pick previously acquired in the Brad Miller to Houston trade, or the Wolves own, depending on if they make the playoffs. It is top-14 protected until 2016.

The trade also includes Phoenix sending center Robin Lopez and forward Hakim Warrick to New Orleans and the Hornets sending guard Jerome Dyson and center Brad Miller to the Suns.

In two seasons with the Wolves, Wes Johnson averaged 7.7 points and 2.9 rebounds in 144 games (127 starts). Johnson was drafted in the first round (4th overall) of the 2010 NBA Draft.

"We thank Wes for his two seasons in Minnesota and wish him the best in Phoenix," said David Kahn, Timberwolves President of Basketball Operations. "This trade frees up salary cap space for us as we pursue adding additional players to our roster."

This trade also freed up the requisite amount of cap space required to sign Russian free agent wing Andrei Kirilenko, which the Wolves made officially shortly after the trade announcement. The Wolves reportedly signed Kirilenko a two year $20 million contract. The 10 year NBA veteran and 2004 All Star will once again wear #47, allowing the AK47 nickname to live on. The signing pairs Kirilenko with his CSKA teammate from last season and current Russian Olympic teammate Alexey Shved, who the Wolves signed earlier this week.