MIAMI, (Reuters) – The Orlando Magic underwent a   stunning transformation with a pair of blockbuster trades yesterday, acquiring Washington Wizards’ troubled All Star   Gilbert Arenas along with Hedo Turkoglu and Jason Richardson.

The three-team deal saw the Magic ship forward Rashard   Lewis to Washington for Arenas while moving Vince Carter,   Mickael Pietrus, Marcin Gortat, a 2011 first round draft pick   and $3 million to the Phoenix Suns for Turkoglu and Richardson.
Washington had long been expected to offload Arenas, who   had an expensive contract and had pleaded guilty in January to   felony weapons possession for bringing four guns into the   team’s locker room.

“This trade allows us to continue to rebuild around our   core group of young players and provides financial flexibility   as we move forward,” Wizards President Ernie Grunfeld said in   a statement.

“We’re thrilled to have been able to accomplish those   goals while also getting back a two-times All Star in Rashard   Lewis, who brings us versatility, three-point shooting and a   veteran presence.”

Arenas, whose contract is worth around $62 million over   the next three years after this season, heads to Orlando after   spending seven-plus seasons with the Wizards.

The 28-year-old guard, who spent the first two years of   his NBA career with Golden State, averaged 25 points and 5.7   assists with the Wizards.

“When we re-signed Gilbert prior to the 2008-09 season, we   envisioned a level of team success that we unfortunately were   not able to achieve due to injuries and other factors beyond   our control,” said Grunfeld.

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

The trade is a homecoming of sorts for Turkoglu, who had   spent five seasons with the Magic helping them reach the 2009   NBA Finals, before signing with Toronto as a free agent.

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