The Nets announced Friday that they have officially acquired the draft rights to Bojan Bogdanovic, the 6'8" swingman from Croatia.  As reported, but not confirmed, Thursday, the 31st overall selection was acquired from the Timberwolves for the Nets' 2013 second rounder and cash. Minnesota obtained the pick in an earlier transaction with the Heat.

The trade, like all five Timberwolves trades had been held up while Minnesota and Houston talked about additional compensation to make the Rockets feel comfortable with Jonny Flynn's health issues.

Bogdanovic, a member of the Croatian national team, averaged 18.9 points, second highest in the Euroleague along with 3.9 rebounds, 2.5 assists and 1.3 steals during the 2010-11 season with Cibona VIP He shot .452 (146-323) from the field and .745 (117-157) from the line. The Nets worked out Bogdanovic twice, once on June 14, then privately on Thursday, hours before the draft.

Although some reports has suggested Bogdanovic has already signed a three-year deal with Fenerbahce, a Turkish club, he told reporters at his June 14 workout that he hadn't yet inked the 3 million Euro deal. According to European sources, Bogdanovic has ageed to the deal but must still pass a physical on his return from the US to make it official.  Nets officials do not expect him to play in the NBA until 2012-13. Bogdanovic is expected to appear Monday at a PNY Center press conference for all three picks.

• NETS Acquire Draft Rights to Bojan Bogdanovic - New Jersey Nets
• Complex Nets deal complete - Fred Kerber - New York Post
• Nets patient to import rookie - Al Iannazzone - The Record
• Wolves deal another pick in Flynn trade - Adrian Wojnarowski - Yahoo! Sports