Suns Trade #24 Draft Pick to Portland for Cash
The Phoenix Suns elected not to choose a player for their own team w/ the 24th pick in the 2007 NBA Draft. Instead, the Suns drafted Rudy Fernandez (from Spain) on behalf of the Portland Trailblazers, who paid cash for the pick.
Phoenix will reportedly receive about $3 million for the pick, which should help them pay the luxury tax if they elect to keep both Shawn Marion and Amare Stoudemire, which management has said they want to do. The trade also means that Phoenix keeps a roster spot, something they would've otherwise lost by drafting a player.