Rick Osentoski-USA TODAY Sports

The Washington Wizards are finalizing a trade to acquire forwards Marvin Bagley III and Isaiah Livers and a pair of draft picks from the Detroit Pistons in exchange for Danilo Gallinari and Mike Muscala, ESPN reported Sunday.

Per the report, the Wizards will receive second-round picks in the 2025 and 2026 drafts.

The reported deal will create cap space in the summer for the Pistons, with Gallinari earning $6.8 million and Muscala $3.5 million. Both are on expiring contracts.

Bagley's contract is worth $12.5 million this season and is guaranteed for the same amount in 2024-25. Livers' deal is worth $1.8 million. He will become a restricted free agent after this season.

Bagley, 24, is averaging 10.2 points and 4.5 rebounds in 26 games (10 starts) this season with the Pistons. The Duke product was the second overall pick in the 2018 NBA Draft.

Livers, 25, is contributing 5.0 points and 2.1 boards in 23 games (six starts) in 2023-24.

Gallinari, 35, is averaging 7.0 points and 2.9 rebounds in 26 games off the bench this season with the Wizards. He missed all of the 2022-23 campaign due to a torn ACL

Muscala, 32, is contributing 4.0 points and 3.1 rebounds in 24 games (two starts) in 2023-24.

More must-reads:

TODAY'S BEST
Pacers ride historic shooting performance to Game 7 blowout of Knicks
Timberwolves mount incredible second-half comeback to stun Nuggets in Game 7
Xander Schauffele proves doubters wrong with historic win at 2024 PGA Championship
Four things we learned from Joey Logano's All-Star Race win at North Wilkesboro
Phil Foden lifts Manchester City to fourth consecutive English Premier League title
Watch: Aaron Judge blasts 13th home run in Yankees' seventh straight win
Canucks won't have linchpin forward for Game 7 vs. Oilers
Jags reportedly mulling extension for Trevor Lawrence, but is that the right choice?
Gordon Hayward calls role with Thunder 'frustrating'
Mets reliever Edwin Diaz showing short shelf life of closers
Three offseason moves the 49ers must make
Watch: NASCAR drivers exchange punches after crash in All-Star Race
Knicks star offers passionate defense of HC Tom Thibodeau after Game 7 loss
Knicks' Jalen Brunson suffers serious injury in Game 7 vs. Pacers
Dodgers add recently acquired left-hander to active roster
Report: 2023 No. 7 pick expected to terminate KHL contract, join Flyers
Mavericks advance to Western Conference Finals aided by controversial call late
Connor McDavid, Oilers hammer Canucks to force Game 7
Tyson Fury-Oleksandr Usyk epic increases excitement for potential rematch
Seize the Grey wins in muddy Preakness

Want more sports news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.