Heat Signed, Released Ricky Sanchez
When the Heat traded Dexter Pittman to the Grizzlies at last season's trade deadline, Miami acquired the rights to 2005 second-rounder Ricky Sanchez as part of the swap. However, the Heat no longer hold Sanchez's NBA rights, having signed him on September 16th and released him this past Friday, according to Ira Winderman of the South Florida Sun Sentinel (via Twitter).
While the Heat presumably would have preferred to stash Sanchez overseas, the Puerto Rican big man was a free agent this summer. So when Miami issued the required tender to retain Sanchez's rights, he signed that offer, forcing the team's hand, as Winderman explains (via Twitter). Because the club wasn't interested in bringing him to camp, he was subsequently waived, meaning he's now free to sign with any team, NBA or otherwise.
Sanchez, 26, played for Cangrejeros de Santurce in Puerto Rico last season, averaging 11.1 PPG and 4.6 RPG in 42 contests.
Recap Of Deadline Trades
A complete recap of trades that were completed before Thursday's trade deadline:
- The Houston Rockets traded Marcus Morris to the Phoenix Suns and Patrick Patterson, Cole Aldrich, and Toney Douglas to the Sacramento Kings for Thomas Robinson, Francisco Garcia, Tyler Honeycutt, and a future second-round pick.
- The Miami Heat traded Dexter Pittman and a future second-round pick to the Memphis Grizzlies for the rights to Ricky Sanchez and cash considerations.
- The Washington Wizards traded Jordan Crawford to the Boston Celtics for Leandro Barbosa and Jason Collins.
- The Oklahoma City Thunder traded Eric Maynor to the Portland Trail Blazers for a trade exception and the rights to Georgios Printezis. The Blazers waived Ronnie Price to clear a roster spot for Maynor.
- The Thunder also acquired Ronnie Brewer from the New York Knicks for a future second-round pick.
- The Atlanta Hawks traded Anthony Morrow to the Dallas Mavericks for Dahntay Jones.
- The Suns traded Sebastian Telfair to the Toronto Raptors for Hamed Haddadi and a future second-round pick.
- The Orlando Magic traded J.J. Redick, Gustavo Ayon, and Ishmael Smith to the Milwaukee Bucks for Beno Udrih, Tobias Harris, and Doron Lamb.
- In a separate deal, the Magic traded Josh McRoberts to the Charlotte Bobcats for Hakim Warrick.
- The Golden State Warriors traded Jeremy Tyler to the Hawks for a second-round pick. They also traded Charles Jenkins to the Philadelphia 76ers for an additional second-round pick.
Grizzlies Acquire Dexter Pittman From Heat
2:54pm: The Heat have confirmed in a press release that they've sent Pittman to Memphis. The Grizzlies also received cash considerations from the Heat, according to the release.
12:48pm: The Grizzlies and Heat have agreed to a deal that will send Dexter Pittman and a second-round pick to Memphis, according to Marc J. Spears of Yahoo! Sports (via Twitter). Brian Windhorst of ESPN.com reports that the Heat will acquire the rights to Ricky Sanchez, who is currently playing in Argentina, in the trade (Twitter link). Ronald Tillery of the Memphis Commercial Appeal first reported that the two sides were in serious talks about a swap.
For the Grizzlies, Pittman represents another piece of frontcourt depth off the bench. Memphis had been carrying just 12 players, and would have been required to add a 13th man in the very near future had the team not acquired a player via trade today. The team had intended to make use of one of its seven trade exceptions, but likely won't need to do so, since the third-year big man is making the minimum salary of $854,389.
From Miami's perspective, the trade allows the club to open a roster spot for a potential free agent addition later in the season. According to Windhorst (via Twitter), the Heat have kept in touch with Kenyon Martin, but will likely wait until March to explore all their options.
Moving Pittman also reduces the Heat's tax bill slightly, and the cost to do so wasn't exactly exorbitant — Marc J. Spears of Yahoo! Sports reports (via Twitter) that the second-rounder is Miami's 2013 pick, which is currently projected to be 59th overall, as our projected draft order indicates.
I would assume that Sanchez, who was drafted by the Trail Blazers in 2005, will never see the floor for the Heat. The Grizzlies simply had to include a piece in the deal so that they weren't acquiring Pittman and a pick for nothing. Miami will also obtain a trade exception worth $854,389 (Pittman's salary) in the move.