MONDAY, 11:46am: The trade is official, both teams announced via press release. It’s a 2016 second-rounder going to Miami. Orlando receives cash in addition to Napier.
2:52pm: The deal is expected to be formally announced Monday, tweets Ira Winderman of the Sun Sentinel. The second-round pick is heavily protected, according to Josh Robbins of The Orlando Sentinel (Twitter link). The Magic will keep the pick unless they have a top five record next season.
SUNDAY, 12:23pm: The Magic will acquire Shabazz Napier from the Heat, Adrian Wojnarowski of Yahoo Sports tweets. The Heat will receive a protected future second-round pick, Wojnarowski adds (Twitter link).
Miami was aggressively trying to deal Napier in addition to Mario Chalmers because of luxury tax concerns, according to previous reports. Napier set to make roughly $1.3MM this season and has a team option on his salary for the 2016/17 season. Thus, the deal as reported will allow the Heat to create a trade exception worth $1,294,440, the precise value of Napier’s salary this season.
Orlando will now have 10 players on its roster who were drafted since 2011 with four players coming via trade, as former Nets executive Bobby Marks notes (Twitter link). Napier will presumably be the team’s third string point guard behind 2015 rookie of the year candidate Elfrid Payton and new addition C.J. Watson.
Napier was reportedly a favorite of LeBron James, and his addition to the Heat last summer seemed like a play to retain the four-time MVP, who instead returned to Cleveland. Miami came away with Napier’s rights in a 2014 draft-night deal with Charlotte, which used the No. 24 pick to take the point guard last year. Miami gave Napier 10 starts, and he averaged 19.8 minutes per game, but he played in only one game after March 9th as he battled a sports hernia that ultimately ended his season prematurely.