The Philadelphia 76ers, openly searching for a veteran presence in their locker room since hiring Jerry Colangelo as their new chairman of basketball operations, are closing in on a trade for New Orleans Pelicans guard Ish Smith, according to league sources.
Sources told ESPN.com that the Sixers and Pelicans are progressing toward a deal that will likely land Smith in Philadelphia in exchange for draft compensation.
The trade, once consummated, will represent the Sixers' first notable transaction since Colangelo was installed earlier this month as the club's new lead voice on basketball matters.