The New Orleans Pelicans have traded point guard Tim Frazier to the Washington Wizards in exchange for the No. 52 overall pick in Thursday's draft.

Frazier will back up Wizards All-Star point guard John Wall. This will be Frazier's third team since breaking into the league in 2014-15, with previous stops with the 76ers and Trail Blazers.

The Pelicans now have two picks in the second round, Nos. 40 and 52.

Tim Frazier will back up John Wall at point guard for the Wizards. Derick E. Hingle/USA TODAY Sports

Last season for New Orleans, Frazier averaged 7.1 points and 5.2 assists in 65 games (35 starts).

The Wizards picked up a trade exception worth about $2.5 million when they acquired swingman Bojan Bogdanovic from the Brooklyn Nets in February. Frazier's salary is about $2 million.

Veteran Brandon Jennings, who came off the bench for the Wizards after being released by the Knicks last season, is an unrestricted free agent.