Well that was fast. Mere hours after we were told that Geoff Petrie would like to make a move or two, ESPN's Marc Stein is reporting that the Kings have sent a future 2nd round pick (Sam Amick says its the Kings' 2014 2nd round pick) to Toronto for Small Forward James Johnson. Johnson was taken 16th overall in the 2009 NBA Draft and has one year left on his contract, worth about $2.8 million, after which the Kings can make him a Restricted Free Agent if they wish.
Johnson played sparingly for his first couple years in Chicago before he was traded to Toronto where he got more room to grow. Last year he averaged 9.1 PPG (on .452 FG%), 4.7 RPG, 2.0 APG, 1.1 STL and 1.4 BLK in 25.2 MPG. Johnson does a bit of everything, and is a phenomenal shotblocker for a wing player. While he isn't what you would call a "lockdown defender" he has the potential and physical tools to become one. One thing Johnson isn't though, is a shooter, hitting just 30% of his career three-point attempts. The Kings need spacing, and Johnson will not provide that.
Still, the acquisition was cheap and it fills a definite need. As of right now this puts the Kings roster at 14 without any other moves. By my calculations, the Kings have approximately $2.5 million left in cap space.