Orlando Arena March blockbuster trade

Orlando Magic has undergone an amazing transformation with a pair of blockbuster trades Saturday, acquire the struggling Washington Wizards All-Star Gilbert Arenas and Jason Richardson Hedo Turkoglu.

The three-team then ship before Magic Rashard Lewis in Washington for Arenas while moving Vince Carter, Mickael Pietrus, Marcin Gortat, a 2011 first round draft picks and $ 3 million for the Phoenix Suns for Turkoglu and Richardson.

Washington had long planned to unload Arenas, who had a contract price and pleaded guilty in January for the crime of possession of four guns to bear arms in the locker room.

"This transaction gives us the opportunity to continue to build around a nucleus of young players and provide financial flexibility as we move forward," Wizards president Ernie Grunfeld said in a statement.

"We are thrilled to have achieved these objectives at the same time to return to a two-time All-Star Rashard Lewis, who brings us the versatility of a three-point shooting and veteran presence."

Arenas, whose contract is worth about U.S. $ 62 million over the next three years, after this season, heads to Orlando after spending seven seasons with the Wizards more.

The keeper of 28 years who spent the first two years of his NBA career with Golden State, averaging 25 points and 5.7 assists for the Wizards.

"When we re-signed Gilbert before the 2008-09 season, we expected some degree of success of the team we have unfortunately been impossible to obtain due to injuries and other factors beyond our control "said Grunfeld.

The 31-year-old Lewis, in his 13th NBA season, has averaged 16.5 points and 5.6 rebounds as the Seattle SuperSonics and Orlando Magic.

Trade is a sort of homecoming for Türkoğlu who had spent five seasons with the Magic to help achieve the 2009-nba-finals, before signing with Toronto as a free agent.

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