The Golden State Warriors are involved in a three-team, sign-and-trade deal that sends a trade exception and Utah Jazz free agent guard Randy Foye to the Denver Nuggets, according to Yahoo! Sports.
Denver will sign-and-trade forward Andre Iguodala to Golden State for the four-year, $48 million contract he agreed to sign with the Warriors. This creates a $12 million trade exception for the Nuggets, which they have a year to use before it expires.
Utah will sign-and-trade Foye to the Nuggets on a three-year, $9 million deal, with a team option on the third year.
The sign-and-trade allows the Warriors enough cap space to sign first-round pick Nemanja Nedovic and gives them the midlevel salary exception to sign another free agent. The Warriors will send the Jazz a future second-round pick in the deal.
Foye, 29, averaged nearly 11 points and two assists for Utah last season. For his career, he has averaged 11.5 points per game.
The deal is separate from the one that sent center Andris Biedrins, forward Richard Jefferson and two first round picks to the Jazz from the Warriors to give Golden State cap space to sign Iguodala.