Wizards, Grizzlies Finalize Trade of Spanish Guard

Guard Juan Carlos Navarro's trade to the Memphis Grizzlies in exchange for a future conditional first-round draft pick was completed yesterday, the Washington Wizards announced.

The Wizards and Grizzlies agreed in principle to the trade on Aug. 3, but the deal's completion was delayed because Navarro had to finalize the details of the buyout on his contract with his team in Spain, FC Barcelona.

Navarro, a 6-foot-3 guard who has been one of the top players in Europe for several seasons, was drafted by the Wizards in the second round of the 2002 draft but never signed with the team.

According to a league source, the draft pick received by the Wizards will be top 19 protected in 2008, meaning the Grizzlies would keep the pick if they finish with one of the top 19 picks. The pick is top 16 protected in 2009, top 14 protected from 2010 to 2012 and top 12 protected in 2013.

If the Wizards have not received the pick by 2013, they will receive a second-round pick and cash considerations.

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source : washingtonpost.com