One day after helping pull off the largest trade in NBA history, Miami Heat President Pat Riley insisted the move -- along with signing Shaquille O'Neal to a new deal -- will pay quick dividends and set Miami up for a multiyear run at championships.
The new faces in Miami from the 13-player, five-team deal that also included draft picks and cash: Antoine Walker from Boston, Jason Williams, James Posey and Andre Emmett from Memphis. Gone are Eddie Jones to Memphis, Rasual Butler to New Orleans and Qyntel Woods to Boston.
"It's a day that we moved toward putting together a core that's going to be together for a while," Riley said.
Also in the deal, Miami received the draft rights to Roberto Duenas of Spain from New Orleans; Utah received Greg Ostertag from Memphis; Boston picked up Curtis Borchardt from Utah and a package -- Woods, the draft rights to center Albert Miralles, two second-round draft picks and cash -- from Miami; New Orleans acquired Kirk Snyder from Utah; and the Grizzlies received guard Raul Lopez from the Jazz.
Walker got a six-year, $53 million deal from the Celtics in a sign-and-trade maneuver. Hours before the trade, the Heat signed O'Neal for $100 million over five years, plus signed Udonis Haslem to a five-year, $30.7 million deal.
Meantime, Kwame Brown had his first news conference as a member of the Los Angeles Lakers, a day after the completion of a trade that brought the 6-foot-11 forward and forward Laron Profit to the Lakers in exchange for Caron Butler and Chucky Atkins.
"I just thank God that I'm out of Washington and looking forward to getting here and turning things around for myself and my family," Brown said.
Brown acknowledged four troubled years with the Wizards, including two arrests and two suspensions, the last during last season's playoffs. Brown jumped from high school to the NBA as an 18-year-old.
"I was taught how to be a man in Washington. I came there a boy and I left a man," he said.
Also yesterday, the Portland Trail Blazers agreed to terms with free agent guards Juan Dixon and Charles Smith and waived veteran guards Nick Van Exel and Derek Anderson. Meanwhile, the Suns signed free agent Raja Bell to a five-year contract worth just less than $24 million.