The Sacramento Kings have agreed to trade former 2021 first-round pick Davion Mitchell and EuroLeague star Sasha Vezenkov to the Toronto Raptors in exchange for forward Jalen McDaniels, according to ESPN's Adrian Wojnarowski. The No. 45 pick in Thursday's NBA Draft is also going to the Raptors as part of this trade.

Mitchell, who was selected ninth overall out of Baylor by the Kings in 2021, seemed to fall out of head coach Mike Brown's rotations this past season despite always being a strong defensive option. The former lottery pick saw his minutes decline drastically compared to his rookie season, and after the Kings selected Devin Carter 13th overall on Wednesday night, it became apparent that Mitchell's days were numbered. The organization also needed to find some ways to move money around after giving Malik Monk a new $78 million contract before free agency.

Vezenkov is the interesting name being included in this trade, as the Kings signed the 2023 EuroLeague MVP to a three-year contract that was worth just less than $20 million before the 2023-24 season. After not playing much in his rookie season, Vezenkov expressed that he was unhappy and would welcome a change of scenery. He now joins Mitchell on a rebuilding Raptors roster.

Once thought to be a potential sixth-man option for the Kings, Mitchell finishes his tenure with the organization averaging 7.4 points and 2.8 assists per game while shooting 32.7 percent from the floor. He played in a total of 227 games with the Kings, never missing more than 10 games in a season. With the Raptors, Mitchell will be utilized as a key bench talent in their backcourt behind Immanuel Quickley, who is a restricted free agent that Toronto will more than likely be retaining this summer.

It appears as if this was a move for the Kings to not only free up room on their roster for Carter's arrival, but also a move to cut some costs. McDaniels, who could potentially find a home in Sacramento, is set to make $4.74 million during the 2024-25 season. Mitchell and Vezenkov will combine to make over $13 million next year. This gives the Kings some financial flexibility, as they opened up the $12.9 million non-taxpayer mid-level exception with this deal, according to NBA capologist Yossi Gozlan.

However, the Kings will still need to find creative ways to reduce their payroll if they are to sneak below the luxury tax line.

Ahead of the 2024 NBA Draft, the Kings were being aggressive in trade talks with their 13th overall selection, league sources told ClutchPoints. Although they had high interest in Carter if he fell to them, the Kings were showing strong interest in Washington Wizards forward Kyle Kuzma. Whether or not those trade talks will be resumed after this deal with the Raptors is unknown at this time.

The Kings have made it a point of emphasis to improve this offseason and get back to the playoffs. This will not be an easy task in the Western Conference, which is why Sacramento may not be done making moves quite yet with free agency set to begin over the weekend.