Lakers Acquire Steve Nash Via Sign-And-Trade

July 10 2012 at 11:10pm CDT By Sean Highkin

JULY 10TH, 11:10pm: The sign-and-trade sending Nash from the Suns to the Lakers in exchange for four draft picks is official, tweets Mike Trudell of Lakers.com. The Lakers confirmed the news in a press release.

JULY 4TH, 8:09pm: Paul Coro of the Arizona Republic tweets that the Suns will receive the Lakers' 2013 and 2015 first-round picks and their 2013 and 2014 second-round picks.

8:07pm: Marc J. Spears of Yahoo! Sports updates Nash's contract to $27MM over three years. He adds in a separate tweet that the Suns receive $3MM in cash from the Lakers in the deal.

7:53pm: Marc Stein of ESPN.com reports that Nash's contract will be worth $25MM over three years.

7:30pm: The Phoenix Suns and Los Angeles Lakers have agreed to a sign-and-trade that will send Steve Nash to Los Angeles for a package of future draft picks, KATR-AM Phoenix radio host John Gambadoro reports (via Twitter).

Details of Nash's contract with the Lakers are not yet known, but it can be assumed that the first year of his new salary will fit into the $8.9MM trade exception the Lakers received when they sent Lamar Odom to Dallas in December. Details of the picks Phoenix will receive are also not known.

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