Breaking down the trade for Coby White and how it helps the Hornets' playoff push.

The Chicago Bulls acquired Collin Sexton, Ousmane Dieng and three second-round draft picks in a trade with the Charlotte Hornets on Wednesday.

The Charlotte Hornets have waived guard Pat Connaughton, the team announced Wednesday night. Connaughton has played in 22 games this season, averaging 2.9 points and 1.4 rebounds. He's shot a career-high 40.7% from three in his limited action.

The Hornets have a new pecking order.

The Bulls are wheeling and dealing before the deadline, as they've just traded Coby White and Mike Conley Jr. to the Hornets.

If Jeff Peterson, the Hornets’ president of basketball operations, does any kind of wheeling and dealing before the deadline, the premise would be gathering more draft capital to add to the already-growing stable Peterson has collected in less than two full years in charge of personnel in Charlotte.

The Chicago Bulls finally moved on from Coby White in a surprise deal with the Charlotte Hornets on Wednesday, but the return leaves something to be desired.

Charlotte Hornets (23-28, 11th in the Eastern Conference) vs. Houston Rockets (31-18, fourth in the Western Conference) Houston; Thursday, 8 p.m. EST BETMGM SPORTSBOOK LINE: Rockets -3.5; over/under is 217.