“We’re pleased to acquire a first round pick, which gives us an additional asset,” said Grunfeld. “Our backcourt, led by Gilbert Arenas, DeShawn Stevenson, Antonio Daniels and our recent draft pick Nick Young, is deep and versatile. By trading the rights to Juan Carlos Navarro – a former second round pick of the Wizards – we have greater flexibility to build our team.”

Navarro was originally drafted by the Wizards with the 40th overall pick in the second round of the 2002 NBA Draft.