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Report: Nuggets To Acquire Randy Foye In Sign And Trade With Jazz


Jan 7, 2013; Salt Lake City, UT, USA; Utah Jazz point guard Randy Foye (8) passes the ball during the second half against the Dallas Mavericks at EnergySolutions Arena. The Jazz defeated the Mavericks 100-94. Mandatory Credit: Russ Isabella-USA TODAY Sports

According to ESPN, the Denver Nuggets have agreed to a separate sign-and-trade deal that will land them guard Randy Foye from the Utah Jazz and send Andre Iguodala to the Golden State Warriors.

As it was reported last week, the Warriors had planned to sign Iguodala to a four-year, $48 million deal.  Instead the teams went back to the drawing board and restructured the deal in which would give Golden State more salary cap flexibility.  This will in turn deliver Denver a $9 million trade exception also helping Utah build in the future with expiring contracts and draft picks.

via ESPN:

The Warriors will clear more than $24 million by sending Richard JeffersonAndris Biedrins andBrandon Rush to the Jazz along with the package of draft picks. All three players are in the last year of their contracts.

Golden State is only taking back Kevin Murphy and his non-guaranteed $788,000 deal from Utah.

Yahoo! Sports, which earlier reported the new deal, said Foye will sign a three-year contract worth $9 million. Utah will receive multiple draft picks from Golden State, including its 2014 and 2017 first-round picks.

Denver also will get a trade exception worth about $9 million that it can use anytime within the next year. And in the meantime, soften the blow left in Iguodala’s departure.

The 6-foot-4, 213-pound Foye, who will turn 30 on Sept. 24, is primarily an off-guard but can also play point guard. He averaged 10.8 points and two assists while playing all 82 games for the Jazz last season.