This is an update to today’s earlier post
Adrian Wojnarowski reports
The Dallas Mavericks have reached agreement to acquire Shawn Marion in a sign-and-trade deal with the Toronto Raptors, league sources said Wednesday.
The Mavericks and Raptors recruited the Orlando Magic and Memphis Grizzlies to help facilitate the deal. The Raptors will get Hedo Turkoglu in a sign-and-trade deal with the Magic rather than signing him outright. They also will receive forwards Devean George and Antoine Wright from the Mavericks.
Marion will receive a five-year, $40 million contract from the Mavericks.
Stackhouse will go to the Grizzlies, who will waive him. Only $2 million of Stackhouse’s $7 million contract for next season is guaranteed. The Grizzlies will receive cash, likely $3 million, to participate in the trade.
Toronto, which gets to keep its midlevel salary-cap exception, sends a trade exception to Orlando. The Mavericks also will receive forward Kris Humphries from the Raptors.
The Dallas Morning News first reported the Mavericks were nearing a deal for Marion, describing the trade as “on the lip of the cup.”
You gotta love, and hate at the same time, four team trades. So many elements, and so confusing. I think I’ve gotten this trade straight now though (took awhile!)
So, Toronto sign and trade Marion for around $8 million. Turkoglu comes back to them. The Raptors also trade Humphries to Dallas, along with Marion, and take back George and Wright from the Mavs.
The Raptors get to keep their exceptions because they never went under the cap, and never had to renounce any of their players. Just signed and traded Marion for Hedo, with other small parts.
The Mavs acquire Marion and Hump, and send out Stack (to Memphis) + George and Wright (to Toronto).
Update — The Mavericks also received Greg Buckner from the Grizzlies. He has a low buyout, and likely will be bought out, so this is more cash savings for the Grizzlies.
The team below the cap takes Stackhouse which creates a trade exception and that trade exception goes to Orlando.
Memphis also gets $3 million from Dallas to buyout Stackhouse.
Update — The Grizzlies also took back Quincy Douby from the Raptors
Orlando sign and trade Hedo Turkoglu, who ends up in Toronto, with a trade exception coming back from Memphis.
A Round Of Applause
A round of applause to all GMs involved — Bryan Colangelo, Donnie Nelson, Otis Smith and Chris Wallace — for a highly creative trade, a trade which created benefits for each one of them.
This is quite simply a stunning trade for Bryan Colangelo. Regaining the Raptors trade exceptions, not having to renounce his own free agents, and moving Humphries two year deal for expiring contracts. Unbelievable!
Excellent trade for Donnie Nelson too. Picking up a talent like Shawn Marion for hardly any cost is a major coup.