The official Wizards website now says that the Juan Carlos Navarro deal with Memphis is done. No specific words on the terms yet, but it's reportedly a "future first-round pick." I'll update with more as soon as it gets out.
Update [2007-8-16 16:0:5 by Pradamaster]: Ivan says it's a conditional pick. Nothing new to see here, move along.
Update [2007-8-16 18:56:17 by Pradamaster]: Dammit, the Memphis radio guy was right. Here are the details.
I must admit that I'm mildly surprised that nobody is expressing any interest in Etan. Sure, he has an awful contract, but he's actually been a fairly productive offensive player (15.6 PER, 57% eFG% last year), a good rebounder (12.1 REB/40), and a good citizen. I wouldn't say he's starter-quality, but a contending team could use him as a third big man that can score a bit in the post and provide energy off the bench. Off the top of my head, Thomas could be quite useful to Boston, Charlotte, Dallas, Houston, New Jersey, Orlando, and Toronto. If I'm the GM of one of those teams, I'd consider sending back an expiring deal (e.g. Keyon Dooling) and an unwanted contract (Matt Carroll, Hedo Turkoglu) for Etan and that first-round pick.
Overall, I'm mildly disappointed, but it does seem that Ernie tried his best. I think I'd rather have this situation than a situation where JCN is here at the expense of Stevenson, which would have been a distinct possibility if we didn't move quickly to re-sign him. I'm not solid on that opinion, though, so reasonable people can disagree.
I guess I'm just glad it's done. More thoughts will come later.