Turiaf traded to Wizards; Pargo signs with Memphis
Former Gonzaga University star Ronny Turiaf was traded by the New York to the Washington Wizards on Saturday as part of a three-team deal that brings center Tyson Chandler to New York from the Dallas Mavericks.
The Knicks, who also sent reserve guard Andy Rautins to the Mavericks as a part of the deal that included draft picks, also announced they waived Chauncey Billups and designated him as their amnesty player to help free up salary cap space.
The Washington Post reported that although the Wizards have to take on Turiaf’s $4.2 million salary, the team also received a reported $3 million in cash. Since Turiaf’s pro-rated 66-game salary will actually be closer to $3.4 million, the Post reported that the team will get Turiaf essentially for free, adding a veteran big man to an inexperienced front line.
The Washington Examiner said besides Turiaf, the Wizards received draft picks in 2012 and 2013 while sending a 2012 protected pick to Dallas.
Pargo signs with Memphis
The Memphis Grizzlies signed free agent and former Gonzaga University star Jeremy Pargo to a multiyear contract.
Terms of the contract were not released.
Pargo, a 6-foot-2, 219-pound guard, joins the Grizzlies after spending last season with Maccabi Tel-Aviv, where he was named to the 2011 All-Euroleague second team after recording 13.0 points and 4.3 assists per game.
Prior to playing with Maccabi, Pargo, 25, helped lead Hapoel Gilboa Galil Elyon to the 2010 Israeli Basketball Super League Championship in his first season as a professional.
In four years at Gonzaga, Pargo finished with averages of 9.3 points and 4.4 assists.