[Update via Blazers Edge: "Sources tell Blazersedge the trade has been approved by the league office minutes ago, so it's official. The pick Portland is set to receive is top-7 protected in 2011 and top-8 protected in 2012, 2013 and 2014. After that, it would turn into two second-round picks in 2015 and 2016."]

[Initial reaction: this is a really, really, really good acquisition. More soon. Thanks to Grrranderson for this FanPost and reebokforthree for the FanShot. Awesome move by Dell Demps -Rohan]

http://sports.espn.go.com/nba/news/story?id=5720436

Interesting move... gives us a backup PG most likely... I like the move, let's see what he can do.  He has never really gotten much playing time or a chance to prove himself, maybe he breaks out this year.  He is still only 22 and it gives us 4 guards I am excited to see on the floor this year in Paul, Thornton, Belinelli and Bayless.

Also, Monty saw and worked with Bayless a lot when he was in Portland, makes me think he sees a bright future for him if they are making this deal.