In the first deal of the day, the Warriors have picked up point guard Steve Blake in exchange for Kent Bazemore and MarShon Brooks.
The two organizations actually agreed the deal just before they were set to play against each other last night. Blake was warming up for the game with his Lakers teammates before being informed that he was now officially a member of the opposition.
Although Blake isn't the biggest of names, he represents quite a shrewd pick up by Golden State.
While his shooting hasn't been the best this season - 9.5 PPG at 37.5% - he is a decent play caller and has averaged nearly eight assists per contest, proving that he does know how to run an offense.
Blake will be back up to All-Star point man Steph Curry, but he is an adequate backup that may prove to be a valuable asset in the run for the play offs. As Yahoo's Marc Spears tweeted:
"Big move by Golden State to get a real veteran point guard in Steve Blake who can spell Stephen Curry, make big 3-pointers and is a leader."
It may prove that Blake will only be in Oakland for four months however. The veteran is a free agent at the end of the season and didn't rule out a return to the Lakers, as his family will be staying in Los Angeles.
From Mike Bresnahan of the LA Times who spoke to the 33-year old after the news broke and said '"Real mixed emotions. The hardest thing really is my family. Now I'm going to have to spend four months probably away from them."
For the Lakers this move is all about saving cap space and getting below the luxury tax threshold. The deal saves LA $3.5 million on their tax bill and if Jordan Hill follows Blake out of Staples Center then the side would be even closer to not having to pay the luxury tax.
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