Pacers Gain $7.5 Million Trade Exception

Discussion in 'NBA' started by Babe_Ruth, Jul 14, 2006.

  1. Babe_Ruth

    Babe_Ruth Sultan of Swat Staff Member V.I.P.

    Indianapolis Star - The Pacers gained a valuable trade exception worth $7.5 million from the Hornets in exchange for Peja Stojakovic.

    "It's a great thing to have," Pacers CEO Donnie Walsh said Thursday. "Everybody in the league knows we have it now and knows what it could mean."

    Walsh credited senior vice president David Morway for arranging the deal.

    The Hornets agreed to the arrangement because the Pacers added an undisclosed amount of money to the trade.

    Along with the exception, the Pacers acquired the draft rights to 7-1 British center Andrew Betts, a second-round draft pick of the Hornets in 1998.

    This move could make trading for Al Harrington far easier for the Pacers. The Pacers could use the trade exception to land Harrington by trading a future draft pick and/or cash along with the exception


    http://www.realgm.com/src_wiretap_archives/41525/20060714/pacers_gain_$75_million_trade_exception/
     

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