Sonics GM Sam Presti just told us that Carl Landy, chosen with the 31st overall pick by the Sonics, was picked for the Houston Rockets. The Sonics will receive a future second-round pick and cash considerations in return.
As part of the deal with the Celtics, the Sonics will get the more favorable of Boston's and Portland second-round picks in 2008.
The Sonics previously acquired additional second-round picks in both 2008 (Denver, in the Earl Watson deal) and 2009 (New Jersey, in the Mikki Moore deal).