The Warriors made quick work of using the trade exception created by Klay Thompson’s departure, agreeing to a sign-and-trade that will send former Timberwolves forward Kyle Anderson to Golden State.

Anderson is planning to sign a three-year, $27 million contract with the Warriors. In exchange, Golden State will send cash and a future second-round pick swap to Minnesota. News of the agreement was first reported by ESPN’s Adrian Wojnarowski.

Anderson, 30, averaged 6.4 points, 4.2 assists and 3.5 rebounds in 22.6 minutes per game last season with Minnesota.

The veteran has made a long career out of being a versatile defender and connector. Nicknamed “Slo-Mo” for his offensive pace, he’s a smart and willing passer who can hit spot-up jumpers when given time and space to get his long release off.

Although Anderson shot just 22.9% from 3 last season, he’s a career 33.8% shooter from behind the arc and has trended up as his career progressed.

Anderson and guard De’Anthony Melton, whom the Warriors reportedly will sign using their non-taxpayer mid-level exception, will essentially replace Thompson and Chris Paul on the roster.

Given Anderson’s reported contract, the Warriors have an estimated payroll of $167 million. They’re hard-capped at the $178 million first apron and project to be able to stay completely under the luxury tax while filling out the rest of their roster.

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