the Lakers and Suns reached a sign-and-trade deal, with Los Angeles using the trade exception it got when it sent Lamar Odom to Dallas to facilitate the transaction.
The 38-year-old Nash, who spent the past eight seasons with the Suns, was a free agent but a sign-and-trade agreement was necessary for the Lakers to afford him. He agreed to a three-year, $27 million contract. In return, the Suns get four draft picks - first rounders in 2013 and 2015 and second rounders in 2013 and 2014.
Nash's agent Bill Duffy said the deal was finalized Wednesday.
In a statement released by the agent, Nash said that after he and the Suns agreed to part ways, he re-approached them to ask to pursue a sign-and-trade deal with Los Angeles ''because it is very important to me to stay near my children and family,'' who live in Phoenix.
''They were very apprehensive and didn't want to do it,'' Nash said. ''Fortunately for me, they reconsidered. They saw that they were able to get assets for their team that will make them better, assets they would not have otherwise had and it made sense for them to do a deal that helps their team get better.''
There had been sign-and-trade talks with New York and a lucrative free agent offer from Toronto.
The deal will put Nash on the floor with the team he tried so hard to unseat as a Western Conference power, teaming him with Kobe Bryant, Andrew Bynum and at least for now, Pau Gasol A/P
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