6:13 PM ET

According to sources, the Trail blazers are acquiring Jerami Grant from the Pistons in exchange for a protected first-round pick and other draft assets.

The Portland Trail blazers have been pursuing Grant for over a year and now land him and absorb his $21 million salary using a trade exception.

Detroit will get the Portland Trail blazers' No. 36 pick in Thursday's NBA draft, as well as a second-round pick back that the Pistons owe Portland, sources said. The Pistons will get a second-round pick from the Trail blazers, which will be the most favorable of the two teams.

The Pistons will get $43 million in salary cap space for free agency as a result of the deal.

The first pick in the draft is at No. 7 on Thursday night, and the new general manager has made a lot of changes to the team.

Grant is eligible to sign a four year extension in December. The last year of his contract is coming up.