Pistons Acquire Steve Blake

Courtesy of USA Today Sports Images

Courtesy of USA Today Sports Images

7:01pm: The trade is official, according to a Brooklyn press release.

6:37pm: The Pistons have acquired Steve Blake from the Nets in exchange for forward Quincy Miller, Shams Charania of RealGM tweets. Charania adds that Brooklyn is likely to release Miller, whose salary is non-guaranteed if waived before Wednesday.

The Nets acquired Blake during last month’s draft in the Mason Plumlee trade. It was reported last week that the Nets were contemplating whether or not to try to negotiate a buyout with the point guard.  Blake salary is slightly more than $2.17MM this season. Detroit will absorb Blake’s salary into its cap space, since the team’s signing of Reggie Jackson has yet to become official, former Nets Executive Bobby Marks tweets.

The trade is another cost saving move for Brooklyn this offseason. The team waived forward Cory Jefferson earlier today and used the stretch provision to waive Deron Williams over the weekend.

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