Sacramento Kings: B
This is probably about as well as the Sacramento Kings of Anaheim could have hoped to do for Landry, who has an expiring contract and had no intention of staying in Sacramento. Or Anaheim. Although his defense is suspect and he can be too single-minded at times, Thornton is a good prospect who can really score. He'll be most useful when Tyreke Evans is off the floor, where he can indulge his scorer's mindset as a sixth man. Sacramento also gets cash, which it will use to tip the movers.
While Thornton is a free agent after this season, he's restricted and has a minimal cap hold, which means the Kings can easily keep him without cutting into much of their cap space.
New Orleans Hornets: A-
The Hornets give up a valuable young player in Thornton, but he wasn't playing and New Orleans badly needed help for its frontcourt. On that front, this was a huge success, as the Hornets' flagging bench gets a go-to scorer. Landry is absolutely perfect in this role and can destroy second-line power forwards with his combination of mid-range shooting, aggressive drives and offensive boards -- much as he did with Houston for two seasons before his trade to the Kings.
This is also a signal that the Hornets are going the opposite way of Utah in handling their 2012 free-agent point guard. New Orleans has aggressively moved to add veterans like Landry, Jarrett Jack and Trevor Ariza in the hope of surrounding Paul (and West) with a championship-contending core. One presumes the Hornets will try hard to keep Landry when he's a free agent this summer; owning his Bird Rights and having a solid role for him, they should have an advantage.
Sacramento Kings of Anahiem?!?! As if I needed another reason to hate Hollinger.