The Charlotte Bobcats traded the face of their young franchise, Gerald Wallace, to the Portland Trail Blazers on Thursday for a package that includes two first-round picks as owner Michael Jordan cuts payroll and eyes the future.
The Bobcats acquired a conditional 2011 first-round pick Portland obtained from New Orleans and a conditional 2013 first-rounder from the Trail Blazers.
Also heading to Charlotte are center Joel Przybilla, reserve forward Dante Cunningham and center Sean Marks, who are in the last year of their contracts, and cash.
“Needless to say, this was a difficult decision for our organization,” Jordan said in a letter posted on the team’s website. “Gerald epitomized everything we want our team to be about and we cannot thank him enough for his contributions to the Charlotte Bobcats. As the trade deadline approached, we were presented with an opportunity that we felt was in the long term best interest of the team.
“The two first round draft picks we received will be part of the foundation that the future of this team will be built upon.”
Excellent trade for Portland. They acquired one of the top small forwards in the league and gave up very little of value in the process.
This addition should make Portland a legit 47-50 win team.
As for the Bobcats, they are now engaged in a full blown rebuilding process. An ugly trade for them.