Orlando, New Orleans willing to deal No. 1?

If the Orlando Magic or New Orleans Pelicans end up with the No. 1 pick at the conclusion of the May 1 NBA Draft Lottery, either team would reportedly strongly consider trading down.

"Sources around the NBA have told SheridanHoops that if the Orlando Magic or New Orleans Hornets win the lottery, they both would be strongly inclined to trade the pick to whichever fellow lottery team wants to pay the most for the right to draft Nerlens Noel," Joe Kotoch of SheridanHoops.com wrote Wednesday.

"The caveat for Orlando is that it does not want to lose out on Ben McLemore of Kansas, whom it covets the most, or Trey Burke/Victor Oladipo as a fallback. And it’s not that the Magic don’t like Noel. Rather, they don’t need him, already in possession of a top-tier NBA center on a rookie contract in two-year veteran Nikola Vucevic. Same with the Hornets and Anthony Davis."

Today, our own Chad Ford puts Noel at No. 1 on the updated Big Board. Here's Ford with the latest.

Chad Ford

Odds still favor Noel going No. 1

"Noel continues to look like the odds-on favorite to be the No. 1 pick. Looking at our various Lottery Mock Draft scenarios, Noel now comes out as the No. 1 pick in 84.8 percent of the scenarios generated. We have Noel projected to go No. 1 to the Magic, Bobcats, Cavaliers, Suns, Kings, Wizards, Raptors, 76ers and Mavericks. Those are pretty great odds."