Hornets Acquire Jack, Andersen and Banks from Raptors

Bayless and Stojakovic sent to Toronto

November 20, 2010

The New Orleans Hornets announced today that they have acquired Jarrett Jack, David Andersen and Marcus Banks from the Toronto Raptors in exchange for Jerryd Bayless and Peja Stojakovic.

"We are excited about the players acquired today and feel that our short-term and long-term goals will benefit from this move," said Hornets General Manager Dell Demps. "Peja has been a valued contributor as a Hornet for years and we wish both Peja and Jerryd all the best in their future and thank them for their recent contributions in helping us get off to a strong start."

Jack (6-3, 197) has appeared in 417 career games (208 starts) for Portland, Indiana and Toronto with averages of 10.6 points, 4.2 assists and 2.7 rebounds. The Georgia Tech product has appeared in 13 games (all starts) for Toronto this season, averaging 10.8 points, 4.5 assists and 3.2 rebounds in 26.7 minutes of play. Jack was selected in the first round (22nd overall) of the 2005 NBA Draft by the Trail Blazers. He has played in 301 consecutive games over the last four seasons.

Andersen (6-11, 247) has appeared in 11 games for Toronto this season, averaging 5.1 points and 3.1 rebounds in 13.6 minutes of play. Originally a second-round draft choice (37th overall) in the 2002 NBA Draft by the Atlanta Hawks, his draft rights were traded to the Houston Rockets for cash and future considerations on August 12, 2009. The 30-year old played in 63 games for Houston last season before being traded in the offseason to Toronto, averaging 5.8 points and 3.3 rebounds. The Australia native played 10 seasons in Europe before coming to the NBA. He played in Spain, Russia and Italy during his professional career, winning the Euroleague Championship in 2001, 2006 and 2008. He also played for Australia in the 2004 and 2008 Olympic Games.

Banks (6-2, 205), has appeared in 348 career games (37 starts) for Boston, Minnesota, Phoenix, Miami and Toronto with averages of 5.9 points and 2.1 assists in 16.0 minutes of play. The UNLV product has appeared in three games for the Raptors this season, averaging 2.0 points and 1.0 assists in 7.3 minutes of play. Banks was a first-round draft choice (13th overall) in the 2003 NBA Draft by the Memphis Grizzlies.

Bayless (6-3, 200) was acquired by the Hornets on October 23, 2010 from Portland in exchange for a conditional, future first-round pick. He appeared in 11 games for New Orleans, averaging 4.5 points and 2.5 assists in 13.5 minutes of play. The Arizona product has appeared in 138 career games (11 starts), with averages of 6.6 points and 2.0 assists.

Stojakovic (6-10, 229) was originally acquired by the Hornets during an offseason trade with Indiana on July 12, 2006. He has appeared in six games this season, averaging 7.5 points in 14.8 minutes. His best season with the Hornets came in 2007-08 when he posted averages of 16.4 points and 4.3 rebounds in 35.2 minutes of play over 77 games (all starts). The three-point specialist has appeared in 777 career games (652 starts) for Sacramento, Indiana and New Orleans, with averages of 17.3 points and 4.8 rebounds.

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