The 76ers have acquired shooting forward Jason Kapono from Toronto in return for power forward Reggie Evans.
The deal was announced at 2:30 this afternoon, although it cannot be finalized until both players pass physical examinations with their new teams. That might not happen until sometime next week.
Raptors president/general manager Bryan Colangelo said in a statement: "Reggie Evans will certainly add an element of toughness to our team. He has very good rebounding and defensive instincts, addressing two areas where we have underperformed.''
At the same time, the Sixers addressed a huge need for perimeter scoring. Kapono won the NBA All-Star Weekend three-point contest in 2006 and 2007 and is tied with Steve Kerr for the highest three-point percentage in league history at 45.4.
"We are very excited to add one of the league's most prolific three-point shooters in Jason Kapono,'' Sixers president/general manager Ed Stefanski said in a statement.
Kapono averaged 7.2 points, 2.0 rebounds and a career-best 1.3 assists this season, shooting 43.2 percent from the floor, 42.8 from three-point distance and 81.0 from the foul line for the Raptors this season. He joined them July 11, 2007 as a free agent.
Both players have two seasons remaining on their contracts.
Evans is a seven-season veteran who will provide phsyicality. He was caught in an overload at power forward with the Sixers, where Elton Brand and Jason Smith are returning from injuries and both Marreese Speights and Thaddeus Young have already logged minutes.