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Nets get draft rights to Edin Bavcic, trade exception but no pick in Tyshawn Taylor trade with Pelicans

Maddie Meyer

The Brooklyn Nets announced today that they have officially traded Tornike Shengelia to the Chicago Bulls and Tyshawn Taylor to the New Orleans Pelicans. In return the Nets get Marquis Teague from the Bulls and the draft rights of Edin Bavcic, a Bosnian center.  The Nets are also sending cash considerations to the Pelicans.

Teague will wear No. 12. He wore No. 25 at Kentucky and with the Bulls, but it's retired with the Nets. He is expected to be available for Tuesday's game vs. Orlando.

The deal will save the Nets $2.4 million in luxury taxes this season, dropping the Nets bill to $84.7 million from $87.1 million. Taylor and Shengelia are free agents. Teague is owed $1.2 million next season.

Here are the Nets tweets officially announcing the deals.

The deal is different from that reported over the weekend. Adrian Wojnarowski reported that Nets would receive a  "conditional future draft pick," believed to be a heavily protected second rounder.

Bavcic is a 29-year-old, 6'11" Bosnian power forward who is currently averaging 7.4 points and 5.7 rebounds in the Greek League. He is not expected to play for the Nets, but his rights become an asset that can be used in future transactions.

Here's the portion of the release about Bavcic:

Bavcic, a forward out of Bosnia, was selected by the Toronto Raptors with the 56th overall pick in the 2006 NBA Draft. Since being drafted, Bavcic has played professionally in Europe and has yet to sign with an NBA team.

Bavcic is represented by by Misko Raznatovic, a Serbian agent who works with NBA agent Jeff Schwartz. Raznatovic and Schwartz also rep Mirza Teletovic, the captain of the Bosnian national team. Bavcic played sparingly for Bosnia in the FIBA European championships last summer, not scoring and grabbing 0.4 rebounds.

Bavcic becomes the fourth Bosnian born player with a connection to the Nets. Teletovic, Zoran Planinic and Mile Ilic have all played for the Nets. The Nets now hold the draft rights of Bavcic and Bojan Bogdanovic. Of the group, only Teletovic and Bavcic have played for the Bosnian national team. Planinic and Bogdanovic have played for Croatia, Ilic for Serbia.

The trades were announced this weekend, but since the NBA offices were closed for the long holiday weekend, they weren't made official until today.

Update: Edin Bavcic is also an actor....