August 9, 2005

Portland Trail Blazers General Manager John Nash announced today that the Nets have rescinded a sign and trade that would have sent Forward Shareef Abdur-Rahim to New Jersey in exchange for a 2006 first-round pick and the team’s trade exception. The clubs originally announced the sign and trade on August 2, 2005.

“We were notified by New Jersey this afternoon that they were rescinding the sign and trade for Shareef Abdur Rahim,” said Nash. “They cited some concerns after a physical examination and believe that rescinding the trade is in their best interest. The contract that was agreed to with Shareef becomes null and void and he is now a free agent.”