According to various reports, the Milwaukee Bucks have agreed to send center Andrew Bogut and forward Stephen Jackson to the Golden State Warriors for guard Monta Ellis and forwards Ekpe Udoh and Kwame Brown. Neither team has officially confirmed the deal yet, though it appears that neither Ellis nor Udoh will participate in tonight's Warriors game.
The deal would appear to bolster the Bucks in the short term; the team is currently the 8th seed in the Eastern Conference, and with Bogut out for the season, Milwaukee essentially replaces one (mediocre) contributor with two players that can have instant impacts - the scoring of Monta Ellis and the positive +/- magic of Ekpe Udoh.
In terms of the Hornets, the trade officially puts an end to the New Orleans/Orlando/Golden State rumor from yesterday which had Ellis headed to the Magic, Kaman to the Warriors, and undisclosed players to the Hornets. It's unclear whether that was actually a serious proposition or perhaps a fake rumor designed to open up the Dwight Howard market. Milwaukee itself was a rumored destination for Kaman, though the addition of Udoh would appear to rule them out as a candidate as well.
As far as Kaman goes, Sports Illustrated's Chris Mannix reported on Twitter this afternoon that Houston remains interested in acquiring him.