Here are the basics of what is the second biggest trade in Nets history, in terms salaries exchanged. (The Nets’ biggest trade, in terms of number of players, was a 1997 deal between the Nets and Mavs. It involved nine players, the headliners being Sam Cassell and Shawn Bradley.)
The Nets receive:
–Courtney Lee, a 6’5", 23-year-old shooting guard from Western Kentucky with a rookie contract through 2011-12.
-Tony Battie, a 6’11", 33-year-old center from Texas Tech with a contract through 2009-10.
–Rafer Alston , a 6’2", 32-year-old point guard from Fresno State (and Queens, NY) with a contract through 2009-10.
–No draft considerations.
–two trade exceptions the Star-Ledger valued at $3.75 million and $1.2 million. They can be used in trades for one year from date of the trade, meaning from now to close to next year’s draft.
–approximately $4.311 million in cap space, the difference between the contracts sent to Orlando–$17.44 million–and the value of those taken in–$13.3 million. The Nets payroll will be approximately $57.34 million, right at the salary cap. The cap has yet to be set, but in February, the NBA told its teams it expected the cap to be $57.3 million for next season, with the luxury tax at $69.4 million. Dave D’Alessandro of the Star-Ledger estimates that next summer, the Nets will be $27.30 million below the cap, with the savings from Carter’s contract and the loss of other expiring contracts. The Nets now have seven expiring contracts: Bobby Simmons at $11.24 million; Tony Battie at $6.61 million; Rafer Alston at $5.25 million, Trenton Hassell at $4.38 million; Josh Boone at $2.26 million, Jarvis Hayes at $2.06 million and Sean Williams at $1.63 million. Boone will have a qualifying offer for 2010-11 and Sean Williams can have be extended in October. Neither are likely to be extended. In addition, The Nets hold a team option on Chris Douglas-Roberts after this season while Keyon Dooling has a $500,000 one year guarantee in 2010-11 and Eduardo Najera has a $4.75 million two year guarantee through 2011-12 after this season.
The Magic receive:
–Vince Carter , a 6’6", 32-year-old shooting guard from North Carolina with a contract through 2011-12, with $37.64 million guaranteed.
–Ryan Anderson, a 6’10", 21-year-old power forward from Californa with a rookie contract through 2011-12.
Earlier, the trade had been broken into two transactions, to guarantee the trade exceptions.
Potential issue resolved : Orlando originally refused to give up Lee and offered J.J. Redick instead. When the Nets pressed, the Magic demanded Anderson. Done deal.