Realgm.com is reporting that the James Jones & Rudy Fernandez deal is complete.
All that’s said is that Phoenix has traded Jones and the draft rights to Fernandez to Portland for “cash considerations”. I believe this deal also includes the trade exception that Portland received in the Knicks deal.
And for those of you still confused as to how everything went down, here is the chain of events.
1. Portland sends Randolph, Dickau, and Fred Jones to NY for Francis, Frye and a trade exception.
2. Portland uses the trade exception to take James Jones off of Phoenix's hands, but also purchases the #24 pick for their troubles.
So essentially, we've traded Zbo, Fred Jones, and Dickau for Frye, James Jones, Rudy Fernandez and a bunch of cap space in two years.
I still think we could have done more with Zbo, but it's not a terrible place to have ended up. I also still believe there will be another deal this offseason to further address the small forward position.