As expected, the Suns completed two sign-and-trade deals with NY and Chicago today.
Interesting that we send Chicago an unconditional second-round pick for their troubles but we receive only a conditional second-rounder from NY that the Suns likely will never see.
http://www.azcentral.com/sports/sun...icks-complete-sign-trade-deal-stoudemire.htmlThe Phoenix Suns completed a sign-and-trade deal today with the New York Knicks involving Amar'e Stoudemire and received a $16.5 million trade exception.
The Knicks also included a conditional second-round pick that the Suns might not ever receive because of the qualifiers attached.
The Suns also completed a sign-and-trade deal with the Bulls for Hakim Warrick, giving Chicago the Suns' second-round pick in 2011. Warrick has signed a four-year contract for $18 million with $2 million of it in incentive bonuses.
Phoenix has a year to use the exception, which allows the Suns to make a trade to acquire a player making near or less than the $16.5 million amount without having to lose a Suns player in the deal.
New York benefited in the deal by having Phoenix first sign Stoudemire to the five-year, $99.7 million deal. The Suns were the only team that could give Stoudemire 10.5 percent raises, making his first-year salary almost $800,000 less to give New York more salary cap room for free-agency signings.
Interesting that we send Chicago an unconditional second-round pick for their troubles but we receive only a conditional second-rounder from NY that the Suns likely will never see.