With clock striking 3 p.m. on the Eastern side of the United States, the trade deadline has arrived. Though it seemed the Bobcats would stand pat, they have traded Hakim Warrick for Josh McRoberts, Rick Bonnell reports.

The deal was reported as a three-way trade between Charlotte, Orlando and Milwaukee but this is not the case. The other deal between Orlando and Milwaukee sent J.J. Redick in a six-player trade. Duke alumni abound!

As far as the financials are concerned, the Bobcats save a little bit of money, going from Warrick's $4 million salary to McRoberts' $3.135 million expiring contract. Warrick's contract essentially expires this year as well, with a team option this offseason.