Report: Turk dealt to TOR for TPE. Page 17.

[Sebi 8]

Can somebody explain to me why the Grizzlies take part in this trade other than to help out the Mavs? Do they actually gain something from it or are they just doing Mark Cuban a favor?

[Nelson3 0]

i think it could be possible since gortat is going to dallas n hedo to toronto.

it would be nice.

[Nyce_1 311]

quote:

Marion will get a 5 year 40 million contract and memphis will get stackhouse and toronto will get draftpicks and or cash

there is no 4th team.

[Jareth Cutestory 678]

lol, you guys believe anything you read.

[Shine88 90]

OKC

[Nyce_1 311]

ACTUALLY A 4 TEAM TRADE:

quote:

UPDATES THROUGHOUT with further details:

 

Shawn Marion is headed from Toronto to Dallas in a complicated, four-team sign-and-trade that also sends Jerry Stackhouse temporarily to Memphis and Nets a sizeable trade exception for Orlando, pending league approval on Thursday, four sources confirmed to CBSSports.com.

 

The blockbuster trade, designed to give Dallas an athletic transition player and 3-point shooter while also clearing cap space for the Raptors to consummate the Hedo Turkoglu acquisition, took on several forms and was still evolving early Thursday -- although the essentials have been agreed upon.

 

Marion gets a five-year deal believed to be in the $35-$40 million range, according to one source, and is traded to Dallas. The Mavericks send Jerry Stackhouse and his $7 million contract to Memphis, which agreed to facilitate the deal because it can buy out Stackhouse for the $2 million that is guaranteed by Aug. 10 and not be on the hook for the rest. The Mavericks, a second source confirmed, would provide the funds for the Grizzlies' buyout. Toronto is expected to receive draft-pick considerations and/or cash in the deal. In some form, one of the sources said, "It should be done Thursday."

 

A third source said Dallas gets Kris Humphries from Toronto and sends Antoine Wright and Devean George to the Raptors.

 

UPDATE: In one of the truly random delights of NBA trades, Orlando receives a sizeable trade exception as the fourth team involved in the trade, according to two of the sources with direct knowledge of the deal. Thus, the Magic send Turkoglu to the Raptors in a sign-and-trade as opposed to Turkoglu signing straight up with Toronto. Those two sources said Turkoglu does not get a sixth year in his deal, which Orlando could have given him as part of the sign-and-trade.

 

CBSSports.com reported Monday night that Mavericks owner Mark Cuban and Marion's agent, Dan HWNSNBU, were pushing for a trade to Dallas. Toronto's inability to take back salary due to its verbal commitment with Turkoglu for five years and $53 million didn't bode well -- unless at least one other team was recruited to facilitate the deal. That happened Wednesday, one of the sources confirmed, when Memphis and then Orlando agreed to get involved. If the Raptors hadn't found a trading partner -- they had discussions with Cleveland about Anthony Parker, who agreed to a contract parameters Wednesday with the Cavs, but not Marion -- then GM Bryan Colangelo simply would've renounced Marion's rights in order to clear space for Turkoglu.

 

One NBA front office source expressed doubt Wednesday whether any team would be willing to give up a prized draft pick and cash in this environment to facilitate such a deal. Perhaps that person underestimated Cuban, who has once again moved aggressively in his pursuit of a veteran player in hopes of getting the aging Mavericks closer to a championship.

 

Marion, 31, joins the over-30 club with Dirk Nowitzki (31), Jason Terry (31), and Jason Kidd (36), who was retained with a three-year. $25 million deal this week. Cuban also signed restricted free agent Marcin Gortat to an offer sheet that Orlando is not expected to match.

 

http://ken-berger.blogs.cbsspo...ry/11838893/15966782

[magic_hoopsfan 0]

According to Aldridge, it's a 3 team deal

 

http://www.nba.com/video/chann...20090708_marion.nba/

[FENDI 4]

Well, I'm not surprised, I was actually thinking about what if the Magic sent Turk to TOR for a TE and Delfino.

 

But oh well.. at least we still get something we could use down the road, as opposed to losing Turk for nothing.

[DaveCorzineLives! 3]

I was thinkin' the same thing Junkie. The question is who on those rosters would we want and what are we giving up. We only have 8 freekin players.

[mikemagicfan08 4]

quote:

Originally posted by ball junkie:

New update...

 

quote:

The Dallas Mavericks and Toronto Raptors, living up to the wild tenor of the past few weeks in the NBA, have hatched a complicated sign-and-trade arrangement that went through numerous constructions Wednesday before resulting in an agreement in principle that will send Shawn Marion to Dallas and also absorb the Raptors' much-anticipated signing of Hedo Turkoglu.

 

Sources close to the negotiations told ESPN.com on Wednesday night a trade call has been scheduled with the league office for Thursday, indicating all sides have agreed to the terms of a transaction that, in its final form, will also involve the Memphis Grizzlies and the Orlando Magic.

 

Sources said the Mavericks, after securing Memphis' participation as a third-team facilitator, contacted numerous teams to expand the deal and believed they were close to securing a fourth trade partner from the Eastern Conference. That team, according to ESPN The Magazine's Ric Bucher, was the Chicago Bulls and would have landed Tim Thomas with the Mavericks.

 

But one source close to the process later told ESPN.com that the deal was scaled back to a three-team arrangement without Chicago before it was expanded yet again to fold in the Raptors' signing of Turkoglu.

 

The deal, according to sources, calls for the Mavericks to acquire Marion and Kris Humphries from Toronto and Greg Buckner from Memphis, with Marion to receive a five-year contract worth an estimated $39 million. Buckner has had two previous stints with the Mavericks but is likely to be released, sources said.

 

The Grizzlies will land Jerry Stackhouse from Dallas, Quincy Douby from Toronto and a substantial cash payment to buy out Stackhouse's contract. Only $2 million of Stackhouse's $7.25 million salary next season is guaranteed, as long as he is waived by Aug. 10.

 

The Raptors will receive Devean George and Antoine Wright from the Mavericks, while also preserving their $5.9 million mid-level exception for the coming season by turning their acquisition of Turkoglu -- who is getting a five-year deal worth an estimated $53 million -- into a sign-and-trade as opposed to an outright signing. Assembling the trade this way could also enable Toronto to re-sign Carlos Delfino, after it appeared that the Raptors would have to renounce Delfino to help make room for the Turkoglu signing.

 

The Magic, meanwhile, were motivated to join in the trade because their participation, as opposed to merely letting Turkoglu walk, will create a valuable trade exception they can use in future deals worth around $7 million.

 

The inclusion of Humphries, Wright and George gave the Raptors more financial incentive to help Marion find a new home via sign-and-trade, as both George and Wright are heading into the final year of their contracts, while Humphries has two years left on his deal. Toronto, furthermore, is in need of a shooting guard after Anthony Parker signed Wednesday with the Cleveland Cavaliers, so adding Wright gives them a credible starter until newly drafted DeMar DeRozan is ready to contribute.

 

Click here for the rest...

 

http://sports.espn.go.com/nba/news/story?id=4314637

 

How do they come up with the value of the TPE exactly. Some say 10, some 8, and this one says around 7. *** are they getting different #'s?!?!?

[ball junkie 277]

quote:

The Toronto Raptors and Dallas Mavericks agreed in principle Wednesday night to a complicated four-team sign-and-trade deal including the Memphis Grizzlies and Orlando Magic that will land Shawn Marion in Dallas and Hedo Turkoglu in Toronto, sources close to the process told ESPN.com.

 

The teams have scheduled a trade call for Thursday.

 

The Raptors and Magic agreed to handle Turkoglu as a sign-and-trade for two reasons. First it allowed the Magic to acquire a significant $8 million plus trade exception. Second, it allowed the Raptors to retain their mid-level exception. The Raptors are now free to spend their full mid-level on another free agent.

 

Several other players including the Raptors' Kris Humphries and Quincy Douby, the Mavericks' Jerry Stackhouse, Devean George and Antoine Wright and the Grizzlies' Greg Buckner are part of the trade according to sources. The Grizzlies will be getting Stackhouse, Douby and cash, sources said. George and Wright will end up in Toronto, according to the same sources. Humphries and Buckner are on their way to Dallas.

 

Click here for the rest of the article:

 

http://sports.espn.go.com/nba/news/story?id=4314637

[PEC 0]

quote:

Originally posted by FENDI:

From my understanding a favor from Cuban. In fact, they wont even lose anything in the deal because Cuban will be paying the money they'll use to buyout Jerry.

 

The buyout for Stackhouse is 2 million and Cuban is giving Memphis 3 million. Nice tidy profit of 1 million for not doing all that much.

That is the kind of favor anyone would like to do lol.