House
07-09-2008, 05:11 PM
By Phil Jasner
Philadelphia Daily News
The Elton Brand era of the 76ers became official as the team announced a press conference to introduce the 6-8 power forward at 5 p.m. today in the Hall of Fame Room of the Wachovia Center.
The Sixers have signed Brand, who was an unrestricted free agent after seven seasons with the Los Angeles Clippers, to a 5-year contract worth about $82 million.
The Sixers reached a verbal agreement with Brand and agent David Falk Tuesday evening, but had to wait for approval from the NBA.
They also had to first officially complete a trade with the Minnesota Timberwolves, which helped them acquire necessary additional salary cap space. In that deal, the Sixers sent Rodney Carney, Calvin Booth, cash considerations and the rights to a conditional future first-round draft choice acquired from the Utah Jazz in last December's trade involving Kyle Korver.
That pick has a 7-year lifespan with decreasing levels of protection.
The cash considerations involve the Sixers continuing to pay Booth's salary in 2008-09. The Sixers also received a protected second-round pick in 2010.
Philadelphia Daily News
The Elton Brand era of the 76ers became official as the team announced a press conference to introduce the 6-8 power forward at 5 p.m. today in the Hall of Fame Room of the Wachovia Center.
The Sixers have signed Brand, who was an unrestricted free agent after seven seasons with the Los Angeles Clippers, to a 5-year contract worth about $82 million.
The Sixers reached a verbal agreement with Brand and agent David Falk Tuesday evening, but had to wait for approval from the NBA.
They also had to first officially complete a trade with the Minnesota Timberwolves, which helped them acquire necessary additional salary cap space. In that deal, the Sixers sent Rodney Carney, Calvin Booth, cash considerations and the rights to a conditional future first-round draft choice acquired from the Utah Jazz in last December's trade involving Kyle Korver.
That pick has a 7-year lifespan with decreasing levels of protection.
The cash considerations involve the Sixers continuing to pay Booth's salary in 2008-09. The Sixers also received a protected second-round pick in 2010.