Photo: Peter Baba

The Hornets and Suns have agreed to a trade that sends Miles Bridges, a 2029 first-round pick, and a 2027 second-round pick to Phoenix in exchange for Grayson Allen, Royce O’Neale, and an unprotected 2033 first-round pick.

Phoenix lands the starting power forward it has reportedly pursued for several years, adding the 28-year-old Bridges while also receiving additional draft compensation.

The deal also creates roughly $20 million in luxury-tax savings for the Suns and opens an extra roster spot ahead of free agency.

Charlotte, meanwhile, adds two experienced veterans in Allen and O’Neale, both of whom bring playoff experience and perimeter shooting.

The Hornets also secure what could become a highly valuable unprotected 2033 first-round pick from Phoenix, giving the franchise another significant long-term asset as it continues reshaping its roster.

The Suns acquire a starting PF at 28 years old in Bridges — whom they've targeted in recent years — plus a 2029 less favorable first-rounder and a 2027 less favorable second rounder while getting $20 million in tax savings while opening up a roster spot ahead of free agency.… https://t.co/SiWMR47IJd