Nets land Morrow in sign-and-trade

The Golden State Warriors have agreed to a sign-and-trade to send Anthony Morrow(notes) to the New Jersey Nets for a $4 million trade exception, league sources told Yahoo! Sports.

Morrow agreed to a three-year, $12 million offer sheet on Saturday with New Jersey, but had yet to sign it. The Nets parted with the exception because they wanted Morrow too badly to risk the Warriors matching the sheet and keeping him.

Morrow, a 6-foot-5 guard, was undrafted out of Georgia Tech two years ago and averaged 13 points for Golden State last season.