The Warriors, Nuggets, and Jazz are in "advanced discussions" on a three-way deal that would result in two players being signed-and-traded, reports Adrian Wojnarowski of Yahoo! Sports. According to Wojnarowski, the move would involve Andre Iguodala heading to Golden State via sign-and-trade, Randy Foye going to Denver via sign-and-trade, and a Warriors second-round pick heading to the Jazz.
If the deal were to be agreed upon, Foye would receive a three-year, $9MM contract from the Nuggets, with a team option on the third season, says Wojnarowski. ESPN.com's Marc Stein first reported late last night that Foye and the Nuggets were closing in on a verbal agreement. Meanwhile, the deal would mean yet another pick headed to Utah from the Warriors, who are already set to send the Jazz multiple first- and second-round picks in a separate agreement.
Over the weekend, I explained why the Warriors would likely pursue a sign-and-trade agreement with Denver rather than sign Iguodala outright, despite having already agreed to a four-year contract with him.
In that piece, I suggested that Golden State would take on Iguodala using the $11,046,000 trade exception the team will create by moving Richard Jefferson. That would create a trade exception worth the same amount for the Nuggets, though they may have to use a portion of it to acquire Foye. We'll have to wait to see if an agreement is reached before determining how all the cap details will work.