Posts Tagged ‘Peja Stojakovic

Jarrett Jack to New Orleans all but done according to multiple reports

- November 20th, 2010

ESPN and Yahoo! Sports have backed a Greek report that New Orleans Hornets forward Peja Stojakovic is on his way to Toronto, along with Jerryd Bayless, for Jarrett Jack, Marcus Banks and David Andersen.
The Raptors have not confirmed the deal, but reports say they have agreed to it in principle.
Bayless cannot be traded in a package deal because he was recently acquired by New Orleans, but can be moved for the trade exception the Raptors received in the Leandro Barbosa-Hedo Turkoglu deal.
Stojakovic’s best days are behind him, but he carries a valuable $14 million US (plus trade kicker) expiring contract.
Bayless was a big-time scorer while at Arizona and was the 2008 Las Vegas Summer League MVP, averaging 29.3 points per game. He has not found a niche in the NBA because he is not a true point guard but lacks the size to play big minutes at shooting guard. Selected by Indiana 11th overall, Bayless was shipped to Portland on draft day in a deal involving Jack before being moved along to New Orleans this off-season.
Jack was splitting minutes with Jose Calderon. He signed with the Raptors largely to play with his good friend and former Georgia Tech. teammate Chris Bosh, who left a year later.
If the deal is finalized, Jack will be reunited with close friends Monty Williams, the Hornets’ head coach and Hornets superstar Chris Paul, the starting point guard.
Banks rarely played and also is in the last year of his deal, while Andersen, coming off his best game as a Raptor, has one unguaranteed year left.
Calderon had been seeing increased minutes for the team as Jack, hampered by nagging injuries, struggled with his decision-making. The team preferred to move Calderon – and almost succeeded this summer before Charlotte owner Michael Jordan nixed a deal – but Jack’s smaller contract was far more tradeable.
Jack was a team leader who served as a mentor to players such as DeMar DeRozan, Sonny Weems, Ed Davis and Amir Johnson, so it will be interesting to see how the club fills that void.
Andersen’s departure opens up more minutes for young big men Ed Davis – expected to make his debut within the next two weeks – and Joey Dorsey.
Competitively, this sets Toronto back this season, but long term, it gives them a B-level scoring prospect in Bayless and increased cap flexibility (about $2 million saved next season).
The Raptors still have a $14.5 million trade exception from the Bosh sign-and-trade to use to acquire a much-needed talent upgrade and minus Jack, on paper, the club moves closer to the top of the lottery.